Archive for the 'banking' Category

California NIMBYism getting a populist smackdown: Senate Bill 50 supporting removal of single-family zoning gets first sign off. 


The Great Housing Squeeze: Available homes for sale remain tight while rents continue to go up. When capitulation turns into mania.


Big banks are leaving the building when it comes to the mortgage market: In 2007 commercial banks made 74 percent of all mortgages versus half today.


The return of risky loans: Freddie Mac offering a 3 percent down loan called Home Possible Advantage targeted to cash strapped buyers. FHA loans and interest only loans also permeate market.


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