NPR | As Number Of Foreclosed Homes Grows, So Does Mold

As Number Of Foreclosed Homes Grows, So Does Mold As huge numbers of foreclosed homes continue to work their way through the real estate pipeline, another problem is blossoming — mold. In most homes, as residents go in and out and the seasons change, natural ventilation sucks moisture up to the attic and out through … Read more

Naked Capitalism | SEC Prods Banks Over Mortgage Litigation Reserves

Mirabile Dictu! SEC Prods Banks Over Mortgage Litigation Reserves When the SEC wakes up and starts acting like a regulator, you know something serious is afoot. The Wall Street Journal reports that the securities agency, spooked by Bank of America setting aside over $20 billion for mortgage-related liability, has sent letters to “a number of … Read more

Stress Tests | State-by-State Data Shows More Than 25% of U.S. Community Banks Will Be Undercapitalized

FOR IMMEDIATE RELEASE New Ground-Breaking Bank Stress Test by Invictus Group Available On-Line for First Time — State-by-State Data Shows More Than 25% of U.S. Community Banks Will Be Undercapitalized — Economic Impact on Bank Lending Highlighted NEW YORK , NY, July 13, 2011—The Invictus Group LLC, an independent financial risk management firm, announced today … Read more

July 15 TAMPA Happy Hour for Combatants of Fraudclosures

  It’s that time again for our monthly happy hour event, a regular happening since November 2009. For the first year, we were viewed as wacko-fringe. Behold the transformation! Now we are all the rage. Now we are cutting edge! Our October 2010 event was featured on the front page of our local paper here. … Read more

“Squatter Nation” Why is Abandonment Morally Superior to Struggling to Stay On?

“Squatter Nation” The phrase “squatter nation” seems to be catching on in articles about real estate issues. Today it is featured (again) not surprisingly in a CNN story by Lee Christie.  A headline in the story “False Hopes for Mortgage Market” says “Squatter Nation: 5 years with no mortgage payments.” Nothing in the story supports … Read more