California
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The innocent borrower
Oct 27, 2008Time and time again, we’ve seen the so-called “innocent borrower” — the borrower who had NO IDEA that their adjustable rate mortgage could adjust, had no idea that a 1.5 percent interest rate wasn’t what they’d be paying for 30 years, had no idea that their home could lose so much in value. Such borrowers are regularly trotted out for us to see, as proof of the need we have to put a stop to the foreclosures. The latest example is one Luis Flores, per Bloomberg. Here’s the lede:
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Downey Financial Stands Alone, But Questions Remain
Oct 24, 2008 -
Foreclosures Stalled by Local Legislation in September
Oct 23, 2008 -
The free market works, if we just let it
Oct 23, 2008 -
Northern Calif. Sees Home Prices Drop 10.5 Percent, But Sales Surge
Oct 22, 2008 -
Mortgage Applications Reach 8-Year Low
Oct 22, 2008 -
Tech Roundup: BasePoint Targets Home Equity Fraud
Oct 20, 2008 -
Property Data Rushes to Get Local
Oct 20, 2008 -
Feds Turn Attention to Mortgage Fraud
Oct 16, 2008 -
Fed’s Yellen: “A Fog of Confusion”
Oct 15, 2008
