Archive for the 'mortgage-fraud' Category

Shadow Inventory Revisited: Silent Alt-A Mortgages, Southern California REO, and the Great Public Swindle.


FHA Backed Loans and No Money Down Government Financed Mortgages with Seller Funded Down Payment Assistance: $8,000 Tax Credit Costing $45,000 for Each Additional Home Sale.


Southern California Shadow Inventory: Born on October 2008. Foreclosures Still Exploding but MLS Down from 160,000 to 69,000 in Southern California Since September 2007. Renting the next Bailout?


Alt-A, Option ARM, and Subprime Loans will Turn California into a Zombie Mortgage State. 28 Percent of Alt-A loans in California 60 Days Late. Alt-A Mortgages by California Region. 1.1 Million Alt-A and Subprime Mortgages Still Active.


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