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Author Archives: The Default News
The State of Foreclosures & REOs
Rick Sharga from RealtyTrac spoke at the NAREB’s national convention last week, and here are a few notes from his presentation. There are two (potentially three) waves of foreclosure. 1st Wave, 2006 – 2010 This wave was started by sub-prime … Continue reading
U.S. Lost. Triple AAA gone.
In 2005 I was hired by a national real estate network to study the mortgage default process and to create synergistic relationships between that sector and the network. The goal was to create REO buying opportunities for the network’s investors. … Continue reading
Why we own $14.3 trillion in debt
Nothing new here … sweaty palms in Washington and bickering bantors keep history alive. Thanks to The New York Times, here’s a quick glance at our historic accumulations and who holds what, causing the U.S. to have $14.3 trillion in … Continue reading
Posted in Banks, Education, Government, Investor, Lending, Media
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Global Economics
Keep thinking about a comment from Chris Thornberg, “The U.S. economy will improve once Greece’s economy improves.” Today CNN Money reported that Moody’s Investors Service downgraded Greece again, to one class above default, following a new bailout package from its … Continue reading
Posted in Bailout, Banks, Education, Government, Investor, Media, Politics & Policies, Treasury
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5 tips for a successful short sale
Many thanks to Broker Bryant in Poinciana, FL for providing these good proactive, short sale tips. It was originally written to help agents avoid legal troubles, but I made a few changes to show homeowners the advice could also apply … Continue reading
Posted in Banks, Education, Homeowner, Investor, Legal, Short Sale
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Moody, Foreclosures and Debt
It’ll be interesting to watch our government and housing sector during the next three weeks. Here are three topics I’ll keep an extra eye on. 1. Moody; last night Moody warned that the U.S. AAA bond rating was in peril … Continue reading
Posted in Banks, Education, Foreclosure, Government, Homeowner, Housing Market, Legal, Lending, Media, REO, Treasury, Uncategorized
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Sustainable companies
On July 10th, I wrote about the essence of Corporate Social Responsibility (CSR). With that insight, let’s focus on how CSR can be implemented into the mortgage default sector. For starters, lenders, servicers, outsourcers, agents, and other real estate professionals … Continue reading
Posted in Education
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