Once upon a time, there was young woman named Katrina. She didn’t have much to her name, was just getting started in life, and arrived in West Palm Beach, Florida in the late summer of 2005 with a slight touch of attitude but otherwise unremarkably.
Katrina’s arrival in West Palm Beach was noted by some, […]
No comments today, just wanted to share a good news story found in the Orlando Sentinel this morning. Pretty excellent piece on what’s really happening in the housing market, what variable rate ARM’s are about to do, and what greater ramifications we can expect.
If the worst fears about these loans materialize, the economic damage […]
Christ, this is going to get ugly.
Before I even get started with this, I want to make one thing perfectly clear: I am not an expert on mortgage finance by any means, nor am I a participant in the real estate sector in any direct professional capacity. I’m a writer with a small knack […]
Just to let you know - I’ve only been easing up on the real estate bubble stories because this week a) I’ve been obsessed with the Galactica finale and b) any energy not being put to Galactica has been needed by work. But rest assured, friends, the fun continues.
In case you haven’t noticed, or […]
More good news!
THIS JUST IN: Early Monday morning it appeared that New Century Financial Corp., the nation’s second largest subprime funder, was about to go down the drain — the bankruptcy drain. In an SEC filing the non-depository/REIT revealed that Morgan Stanley had pulled out of an agreement to provide $265 million in (essential) financing […]
