Free Republic 2nd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $36,064
44%  
Woo hoo!! And we're now over 44%!! Thank you all very much!! God bless.

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  • Defaults rise in California

    08/22/2006 8:16:02 AM PDT · by ex-Texan · 100 replies · 2,927+ views
    Central Valley Business Times ^ | 8/21/2006 | Staff Writers
    • Q2 jumps by 67 percent year over year • Buyers done in by ‘creative mortgages’ according to figures released Monday by Foreclosures.com, a Central Valley-based real estate investment advisory firm and publisher of foreclosure property information. "Year over year at the end of the second quarter of 2006, foreclosure activity in California has increased more than 67 percent," says Alexis McGee, president of Fair Oaks-based ForeclosureS.com. The once hot housing markets in Las Vegas and Phoenix are cooling off rapidly and defaults there are on the rise as well, she says. "Both Las Vegas and Phoenix were impacted by...
  • Mortgage Malaise is Spreading

    07/24/2006 8:30:41 PM PDT · by ex-Texan · 188 replies · 4,731+ views
    St. Petersberg Times ^ | 7/22/2006 | James Thorner
    Many brokers thrived last year amid record home sales, but this year the industry has taken a turn for the worse. TAMPA — The sneeze came first: Home sales in the Tampa Bay area dropped by a third from last year’s peak. For symptoms of the developing head cold, plunge into the exhibition hall at the Tampa Convention Center, where the Florida Association of Mortgage Brokers is holding its annual trade show. Puffed up to handle record-breaking home sales of last year, which poured money into savvy brokers’ pockets, the residential lending industry and affiliated businesses are mostly deflating this...