From today’s information at Calculated Risk Blog. It appears that federal regulation regarding non-traditional mortgages may be in place within 60 days. If this ends up having any teeth at all, it could make it more challenging for borrowers to qualify for interest-only loans or pay-option loans. As one blogger responded: “talk about rearranging the…
Category: News
News, current events, etc.
Unaffordability Spotlight: Queen Anne
Despite my prediction that we would not see Bibeka Shrestha’s name on another Seattle Times’ real estate article, she has resurfaced this weekend with one of those "neighborhood in focus" type articles. The neighborhood in focus: Queen Anne. Single-family houses and condominiums in the area that includes Queen Anne had a median price of $483,000…
Lawrence Yun is back
From the New York Times today- “‘Certainly, the housing market is undergoing a measurable adjustment,’ Lawrence Yun, senior economist with the Realtor association, said. The bloated inventory levels, Mr. Yun said, indicate ‘a very sudden change which I have never seen before.’” -Lawrence Yun, NAR economist. Earlier this year, he mentioned that he expected Seattle…
Free Pass: DOJ drops Fannie Mae charges
How surprising! This morning at CNBC.com, Reuters news services is reporting that the Department of Justice has dropped charges against Fannie Mae and has concluded their investigation. Fannie Mae was “fined” $400 million. “The Justice Department probably decided that there was little to be gained by bringing charges against the company because that would only…
Seattle Bubble Poll Time
Given the variety of opinions expressed in the discussions on this blog, I am curious about the general statistical status of the readership, with respect to the issues that we focus on. To satisfy my curiousity, I have created the following series of polls. Vote in as many or as few as you like. The…