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All hail Nouriel Roubini!! This is just great stuff: <a href="http://www.rgemonitor.com/blog/roubini/">http://www.rgemonitor.com/blog/roubini/</a> The now inevitable nationalization of Fannie and Freddie is the most radical regime change in global economic and financial affairs in...

Y'all are going to LOVE this. <a href="http://www.latimes.com/business/la-fi-country26-2008jun26,0,4864584.story">http://www.latimes.com/business/la-fi-country26-2008jun26,0,4864584.story</a> California attorney general sues Countrywide Financial Jerry Brown says the nation's largest...

This is the best written, most accessible article on the Bond Rating Agencies I have seen. Although quite long, this is a must read for all the finance/economist wonks on the forums. The article makes a pretty good case that the Bond Rating Agencies are the most to blame for the Great Housing...

I just came across this website. http://www.youwalkaway.com/index.html It appears this is a new company (based in San Diego) that sells "walk away" kits to distressed homeowners. I think the kits provide information on recourse vs. non-recourse loans, the foreclosure process, ways to...

<p>Thoughts?</p> <p>I started this thread because of the following Fed survey ...</p> <p><a...

<p>Interesting Bloomberg article today on vulture investors. <a href="http://www.bloomberg.com/apps/news?pid=20601109&sid=aKTFOoHM.Jww&refer=home">http://www.bloomberg.com/apps/news?pid=20601109&sid=aKTFOoHM.Jww&refer=home</a> (Lennar's New Homes Fetch 60% Less as U.S. Market Slump...

<p>From our buddy Matt Padilla at the OC Register ...</p> <p><a href="http://mortgage.freedomblogging.com/2007/10/26/calif-logs-record-24209-foreclosures-in-q3/"><u>http://mortgage.freedomblogging.com/2007/10/26/calif-logs-record-24209-foreclosures-in-q3/#more-581</u></a></p> <p>There are...

<p>My wife really likes PS and would like us to buy there when prices drop. But after we had to pack our things to prepare for evacuation on Sunday night (we live at Irvine Blvd and the 261), she doesn't like PS so much anymore.</p> <p>What does everybody think?</p> <p>Has anybody been up...

<p>This is awesome:</p> <p><a href="http://www.cnbc.com/id/15840232?video=533257614&play=1">http://www.cnbc.com/id/15840232?video=533257614&play=1</a>#</p> <p>Cramer refuses to back down and has maybe the best quote of the bubble so far (directed at NAR):</p> <p>"Let them eat homes!"</p>...

<p>If this measure is approved by the full House and the Senate, then I think the demand for second/vacation homes just dropped.</p> <p><a...

<p>FYI:</p> <p><a href="http://www.petitiononline.com/bailout/petition.html">http://www.petitiononline.com/bailout/petition.html</a></p> <p> </p>

<p>Want to Refinance? Think Again, Brokers Say</p> <p><a href="http://www.cnbc.com/id/20723118">http://www.cnbc.com/id/20723118</a></p> <p>Some sobering stats in this article. A pretty good counterargument to those that say the coming ARM resets won't be that bad because people simply will...

<p>Since BNC is/was Irvine-based, I thought this deserved its own discussion. But my feelings won't be hurt if it is moved to the Headlines discussion.</p> <p><a...

<p>This topic has already been discussed on this forum and on other blogs at length. But I thought this article does a nice job of explaining how appraiser fraud works. I apologize if this has already been posted in another thread.</p> <p>The article also explains how this fraud leads to...

<p>But y'all probably already knew that.</p> <p><strong>Subprime crisis shines light on mortgage brokers; Class action suit against NovaStar alleges hidden fees; lender to fight back</strong></p> <p><a...