Posts Tagged ‘real estate’

Tracy Warren was a quality-control consultant for Bear Stearns and other mortgage security purchasers on Wall Street. Her job was to review mortgage loans to determine whether they had merit for investment purposes. (She saw the loans after they were made, but before they were sold to investors and led to the national economy’s crash-and-burn [...]

When we talk about the foreclosure problem, we usually focus on the effect on the borrower-owner who had a a loan they could not afford. But where the borrower was a landlord, foreclosure causes a raft of problems for tenants, as well.
A Star Tribune story on a mass eviction in North Minneapolis illustrates this well.

Here are the blog posts I starred in Google Reader last week. (If you use Google Reader, you can subscribe to my shared items.)

The Alphonso Jackson Legacy. Mark Ireland comments on the Washington Post’s look at the legacy of HUD chief (and Bush appointee) Alphonso Jackson. While Jackson oversaw the government body in charge of [...]

The proposed bills would work together to address the deepening foreclosure crisis in Minnesota. From the StarTribune:

One would prod homeowners facing foreclosure to get help, even forwarding their phone numbers to foreclosure prevention counselors. It would also give tenants notice of pending foreclosures and spell out the terms for owners to get their homes back [...]

A colleague who recently purchased a home passed along the following:

When I purchased my home this summer, I contacted my mortgage consultant about one month in advance and told her that I wanted to see all my loan documents prior to closing so that I could read them over. [ . . . S]he told [...]