Douglas Duncan Fannie Mae Vice President Wants to Bulldoze Boom-Time Homes
Is bulldozer the best option for some boom-time housing? Douglas Duncan, vice president and chief economist for Fannie Mae, raised a provocative idea this morning at a meeting of real estate journalists in Austin: Some of the misconceived housing developments built during the boom years might have to be torn down because they don’t make … Read more
Strategic Default – Rapper Chamillionaire Ridin’ Into Foreclosure on Houston Mansion
WSJ Giving back the house has officially gone mainstream, which might have lenders singin’ the blues. Rapper Chamillionaire, known for his song “Ridin’,” became the latest homeowner choosing to default on his mortgage. He abandoned his Houston mansion instead of making payments on a house that’s worth less than what he paid, TMZ reports. The … Read more
MERS / BAC Bankruptcy Court Bashing In RE: BOX Order Denying Motion for Relief from Stay
IN RE BOX In re: MARTY EUGENE BOX and TAMMY JEAN BOX, Debtors. Case No. 10-20086. United States Bankruptcy Court, W. D. Missouri. June 3, 2010. ORDER DENYING MOTION FOR RELIEF FROM STAY ARTHUR B. FEDERMAN, Bankruptcy Judge Some excerpts… The Debtors do not oppose the motion, but the Chapter 7 Trustee has challenged BAC’s … Read more
TRANSCRIPT: Obama Presses Banks to Lend, Accept New Regulations
Random Repost. Blast from the Past. Going to start off each day with a random repost from the archives… By Rick Newman USNews An imagined conversation: President Obama: Thanks for coming to the White House, everybody. I know how miserable it is to fly commercial, but thanks for doing it and for taking the subway … Read more
