Archive for the 'jumbo loans' Category

Laundering real estate – How dirty loans have made data on distressed inventory look better. 1 out of 5 US mortgages impaired. Jumbo loan market has completely evaporated.


Revisiting option ARM data – Bank of America, Wells Fargo, and JP Morgan still have over $160 billion in option ARM loans outstanding. Over 250,000 option ARMs in California still active.


California home equity hangover – $649 billion in HELOC loans nationwide with most in California. June 2005 92,000 HELOCs in California compared to only 22 in March of 2010. The evaporation of an industry and three examples of refinancing gone wrong in Culver City and Pasadena.


Real County of Genius – Ventura County meets the housing correction. A mid-tier market with a median home price of $370,000 down from the $627,000 peak of 2006. Thousand Oaks and Newbury Park. Prime mid-tier examples of the correction.


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