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<a href="http://www.breitbart.com/article.php?id=D919BNJ80&show_article=1">http://www.breitbart.com/article.php?id=D919BNJ80&show_article=1</a> US foreclosure filings surge 48 percent in May Jun 13 02:23 PM US/Eastern By ALAN ZIBEL AP Business Writer Write a Comment...

I will never pay more than $2.00 a shirt for dry cleaning! I'll drive all the way to Westminster - the savings from 1 shirt are more than a gallon of gas!

And mortgage rates just went up 1% (at least, best case) across the board for all subsets of borrowers in the last 2 days. A 200bps loss to the agency MBS in 48 hours. Wonder how that will affect those DTI's and affordability for those brand new escrows. :) :) :)

Talked to someone who was out dropping realor flyers in Quail Hill this morning. They drop these flyers by the front door around 4:30am - While it's still dark out. Apparently, he came across something he hadn't seen before. In addition to numerous 'pink post-its', the ones verifying that...

The prime/alt-a crisis is just beginning, as predicted. People cannot yet fully grasp the impact of this - these loans are 90% of all existing. Look at what has happened the last 2 years with JUST the subprime (10% of loans) defaults. Times by 10, and put them in EVERY CITY. Doom.

Looking over the school rankings, a definite overall trend exists: The higher the white and/or asian population (by percentage) the school has, wtih few exceptions, the higher they rank. THEM STATISTICS BE RACIST!

Kinda funny - Accredited completely shut down all offices, laid off all their AE's and other staff, but BEAR STEARNS is UP AND RUNNING under the Accredited Home Lenders name still - they were unaffected. So Loanstar put a knife in the original Accredited (subprime), and is letting Bear Stearns...