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[The BBQ Interview] Rick Sharga of Carrington Mortgage Holdings - "Why is REO...

I was looking for guidance/insight on the issue of future REO volume because I had anticipated a faster pickup in REO volume once the state AG agreement was signed with the major servicers (ie being...

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Visualizing US Distressed Sales - Katrina Edition

The WSJ presented a series of charts on US distressed properties based on information from the St. Louis Fed (most proficient data generators of all Fed banks) and LPS. Here are the first and last maps...

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Low Housing Inventory Is NOT A Sign of Housing Recovery

I wrote "The Decline In Inventory Right Now is NOT a Good Sign" back in February, but there has been a more refined discussion about low inventory recently. Back then my orientation was more about the...

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[In The Media] BeastTV – The Number with Dan Gross 10-4-12

Starting to be a regular (monthly) guest with Dan for a quick segment on "The Number". Today we talked about: Presidential Debates, pro cyclical, Manhattan housing, "sticky on the downside" "being a...

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Ignore The False Positives, Foreclosure Sales Are Rising Again Now

,br> [click to open RealtyTrac Report] RealtyTrac released their Q3 2012 U.S. Foreclosure & Short Sales Report which shows a pretty clear recent trend: A timeline that counters the national...

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Bank Forgives $1M+ on Short Sale But Lawn Looks Good

[click to read article] This 16-room house on the far western edge of Naperville sold in November for $1.05 million. That’s 38 percent of what it cost to build. In approving the short sale—where a...

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Miami Hype Machine: "Sales Pace Slows Dramatically"

Since housing bust began, Condo Vultures has led the way with distressed new development information on Miami, a housing market that became branded for foreclosures and stalled new development...

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[Vox Video] Housing Crash Fix Explained From Geithner's Perspective

Former US Treasury Secretary Timothy Geithner is promoting his book chronicling the financial crisis Stress Test: Reflections on Financial Crises. Great book name, btw. He sits down with Vox Media's...

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Trends in Home Size and Home Ownership React to Economic Conditions, Not Taste

With big swings in housing related trends over the past decade, long term patterns are called into question. When a long term trend seemingly changes direction, it is reasonable to point it out. As I...

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Bloomberg View Column: Hedge-Fund Guys Have Foreclosure Fatigue

Read my latest Bloomberg View column Hedge-Fund Guys Have Foreclosure Fatigue. Please join the conversation over at Bloomberg View. Here's an excerpt... One of the most important ways to strengthen...

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Economic Bubble Theory Using Bubbles

[click on image to play video] Ok, so I like making bubbles. Here's a reason (or excuse) to watch some bubbles - tie it in with economic theory.The post Economic Bubble Theory Using Bubbles first...

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Bloomberg View Column: Income Inequality Hits the Housing Market

Read my latest Bloomberg View column Income Inequality Hits the Housing Market. This article turned out to be my most-commented on piece so far. The topic of affordability generates a hotbed of...

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[Three Cents Worth #284 Miami] Miami Drill Down: Picking Up the Scraps of the...

It’s time to share my Three Cents Worth (3CW) on Curbed Miami, at the intersection of neighborhood and real estate in the Magic City. And I'm taking notes on the beach. Check out my 3CW column on...

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The Big Short: The Movie Coming this December

Coming to a theatre near you in December... Aside from playing my favorite Led Zeppelin song "When the Levee Breaks" and being based on one of my favorite books about the housing bust/financial crisis...

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Contrarians React to Quicken Loans Rocket Mortgage Outrage

During the Super Bowl advertising blitz, the most controversial advertisement seemed to be (no, not Mountain Dew's PuppyMonkeyBaby) Quicken Loans RocketMortgage Super Bowl Ad: What We Were Thinking...

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Manhattan Crisis: What Does Our Housing Past Tell Us About Our Housing Future?

In this Sunday's New York Times Real Estate Section (online now), the Calculator column featured some data trends I've gathered during two significant prior housing market events: What Can 9/11 and the...

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One In Four Mortgage Defaults Are Strategic

In the current edition of The Economist magazine, the article: Can pay, won’t pay with subtitle “It is easier to dump a home loan if a friend has done so too” discusses the paper Moral and Social...

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Wrapping Up Foreclosure Properties, Literally

Did a lot of boating this weekend and there seemed to be a lot of boats still under “wraps.” So today I saw an interesting article in The Real Deal/Miami (hat tip to WSJ Developments Blog)...

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[The Housing Helix Podcast] Rick Sharga, Senior Vice President, RealtyTrac

I really enjoyed my interview with Rick Sharga, Senior Vice President of RealtyTrac who was very gracious in accommodating me despite a packed schedule during his New York stay. Rick is the foremost...

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[Interview] Rick Sharga, Senior Vice President, RealtyTrac

I really enjoyed my interview with Rick Sharga, Senior Vice President of RealtyTrac who was very gracious in accommodating me despite a packed schedule during his New York stay.   Rick is the foremost...

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[The Stamford Review] Ten Commandments for 21st Century Real Estate Finance

This was taken from the just released issue of The Stamford Review: Housing & The Credit Crisis, a terrific 2x annual publication by Lawrence Sicular. I wrote two articles for the publication...

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[Amherst Securities] 7 Million More Foreclosures To Pressure Housing Market

In a decidedly bleek report on the state of foreclosures, Amherst Securities Group LP issued a report that concluded: >The single largest impediment to a recovery in the housing market is the large...

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[Central Park v. Detroit] $363,538,692,000 v. $4,500,000

Source: Google Earth Back in 2005, I did a fun exercise for New York Magazine – I was asked to value Central Park (just for fun) in about 3 minutes. It was within an article that ranked the reasons to...

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[Over Coffee] Quote: Our man Jonathan Miller drops the truth bomb

In reference to my New York Times quote this weekend by Vivian Toy – Bidding Wars Resume: >Jonathan J. Miller, the president of the appraisal firm Miller Samuel, estimated that two-thirds of the...

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[Over Coffee] Quote: inequitable, unconscionable, vexatious and opprobrious...

There has been a widely followed case reported last week where a Suffolk County Judge, Jeffrey Spinner, erased a $525,000 mortgage by the same California bank that bought IndyMac from FDIC after it...

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Did US Bankruptcy Law Changes Make The Housing Crisis Worse?

Source: VOX There is a fascinating article by economists Wenli Li and Michelle J. White called Bankruptcy, mortgage default, and foreclosure which discusses how the change in US bankruptcy law (which...

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[RealtyTrac] Pushing 4M in 2009, November Foreclosure Filings Remain High,...

[click to expand] RealtyTrac has released their monthly US Foreclosure Market Report today and its a mixed bag of results. In other words, its like unemployment. Its at a high level but the pace of...

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[Not Really Counted] 1.7M Units In Shadow Housing Inventory

[click to open full report] One of the by-products of the credit crunch has been the rise in shadow inventory. Within my own market stats, I consider shadow inventory all units that are complete or...

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[Housing Bubble Golden Rule -> 3 R’s] Regulating, Rates and Recession

In Bernanke’s speech to the American Economic Association on Sunday he suggested that it was regulatory failure, not keeping rates too low for too long, which caused the housing bubble. >Stronger...

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[Pending Home Sales] Tax Credit Wild Card? M-O-M Down 16%, Y-O-Y Up 15.5%

[click to expand] NAR released their November 2009 Pending Home Sales Index which ended a 9 month string of increases. >The Pending Home Sales Index, a forward-looking indicator based on contracts...

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[PhilGrammanomics] American Casino, Wall Street Edition via Baltimore

American Casino movie trailer from Leslie and Andrew Cockburn on Vimeo. I was listening to the C-SPAN Q&A podcast which was an interview with producers Leslie and Andrew Cockburn on their new...

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[Interview] Rick Sharga, Senior Vice President, RealtyTrac

After moderating 3 foreclosure related panel discussions at the Inman Real Estate Connect conference in New York yesterday, I sat down with Rick Sharga of RealtyTrac (who was one of my panelists) to...

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[The Housing Helix Podcast] Rick Sharga, Senior Vice President, RealtyTrac

After moderating 3 foreclosure related panel discussions at the Inman Real Estate Connect conference in New York yesterday, I sat down with Rick Sharga of RealtyTrac (who was one of my panelists) to...

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[FCIC] Financial Crisis Inquiry Commission Is In Business

[click to open] I am coming up for air after the productive and engaging Inman Real Estate Connect conference last week. I got to connect (no surprise there) with a lot of great people connected with...

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Appraisers and Foreclosure Sales Bring Havoc to Housing Markets

I authored the following article for RealtyTrac which appeared on the cover of their November 2009 subscriber newsletter called Foreclosure News Report. It features a column for guest experts called...

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[Furman Center] Peeling Back The Lis Pendens

The Furman Center for Real Estate and Urban Policy at New York University released a fascinating report on New York foreclosures called: Foreclosed Properties in NYC: A Look at the Last 15 Years....

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[RealtyTrac] 10% Drop In Foreclosures, Surge Expected Over Next Few Months

[click to open] RealtyTrac just released its monthly report covering January foreclosure activity. * 10% decrease in overall activity from the December surge * 15 percent above the level reported in...

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[New Mortgage Program] Getting Paid To Sell Short

The Obama administration has come up with a radically aggressive plan to reduce foreclosure activity which has remained alarmingly high. The key ingredient is to encourage lenders/services to allow...

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[Interview] Phil Tesoriero, Gelip Inc. Consulting,...

After moderating a foreclosure panel at the recent Inman Real Estate Connect conference in New York, I thought it would be great to have a conversation with one of the panelists, Phil Tesoriero...

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[Valuation Magazine] 1Q 2010 Feature Article

[click to open article] In the current issue of Valuation Magazine, the quarterly publication of The Appraisal Institute, the largest US appraisal trade group, featured me in their membership profile...

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[Interview] Steven Einig, Esq, Einig & Bush LLP, Mortgage Foreclosures and...

Last month I was a panelist at an Institute of Real Estate Management (IREM) conference covering lending trends.  I was matched up with 2 lenders and attorney Steven Einig.  I appreciated his take on...

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[The Housing Helix Podcast] Steven Einig, Esq, Einig & Bush LLP, Mortgage...

Last month I was a panelist at an Institute of Real Estate Management (IREM) conference covering lending trends. I was matched up with 2 lenders and attorney Steven Einig. I appreciated his take on...

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[Trulia/RealtyTrac Survey] Attitudes Get Hammered

Today I Iistened in to an informative conference call hosted by Trulia’s co-founder and CEO Pete Flint and RealtyTrac‘s Rick Sharga. As always great stuff, and I got to act like a reporter and ask a...

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[RealtyTrac] Overall Foreclosure Activity Surpasses 300,000 For 15th Straight...

[click to open report] While the headline of RealtyTrac’s May 2010 US Foreclosure Activity report indicates foreclosures fell 3% in May (322,920). >The numbers in May continued and confirmed the...

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[Interview] Travis Waller, CDPE, CRS, RE/MAX, Distressed Property Realtor

Last January I moderated a distressed property panel at the Inman Real Estate conference in New York.  One of the panelists was Travis Waller, a sharp real estate agent from New Jersey who spoke with...

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[The Housing Helix Podcast] Travis Waller, CDPE, CRS, RE/MAX, Distressed...

Last January I moderated a distressed property panel at the Inman Real Estate conference in New York.  One of the panelists was Travis Waller, a sharp real estate agent from New Jersey who spoke with...

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[NAR] Existing Home Sales Decline 2.2%, But a ‘Northeaster’ Weighed Down the...

[click to expand] NAR released its May existing home sales report today. This was one of the most bizarre existing home sale reports I can recall. First of all, the expectation of a drop in sales...

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[Interview] Orest Tomaselli, CEO, National Condo Advisors, LLC, National...

I really enjoyed speaking with Orest Tomaselli, CEO, National Condo Advisors, LLC about project approvals, reserve funds, Fannie Mae, FHA and shadow inventory.  National Condo Advisors, LLC, is...

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[Interview] Rick Sharga, Senior Vice President, RealtyTrac

I get to have another conversation with Rick Sharga of RealtyTrac – this time via skype.  I’ve long admired his ability to articulate the state of the US foreclosure market.  We touch on foreclosure...

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[Interview PART II] Barry Ritholtz, CEO, Director of Equity Research, Fusion...

PART II OF II (Listen to Part 1) I’ve been on a 6 month hiatus from podcasting after 150+ interviews over the previous 2 years – had a bunch of other things going and I needed to take a little break....

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