Dec 7 2009
The Option ARM Kingpins: Who Holds the Elusive Option ARMs? $189 Billion Securitized and Outstanding and big Three of Wells Fargo, JP Morgan, and Bank of America Playing with Time.
Trying to get a raw number on the elusive option ARM mortgage is like asking the top banks to air their dirty laundry. We know banks still have billions of these loans on their books but trying to get an accurate figure is like trying to audit the Fed. In September, Fitch released data showing [...]
Oct 18 2009
Riverside and San Bernardino Housing: Two SoCal Counties with 4 Million People Experience 60 Percent in Housing Price Declines. And Prices are Still near the Bottom.
The Inland Empire of Southern California has been devastated with the current housing bubble bursting. A few other bloggers have covered this area in great detail but it is important to examine what is happening here. The Inland Empire is made up of two large counties, San Bernardino and Riverside. Before we look at details [...]