{"id":2099,"date":"2008-06-27T10:08:44","date_gmt":"2008-06-27T17:08:44","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=2099"},"modified":"2009-07-10T10:30:20","modified_gmt":"2009-07-10T17:30:20","slug":"foreclosures-fha-commercial-countrywide","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2008\/06\/27\/foreclosures-fha-commercial-countrywide\/","title":{"rendered":"Foreclosures, FHA, Commercial, &#038; Countrywide"},"content":{"rendered":"<p>Here are a few recent stories that have been covered elsewhere and are worth at least mentioning here.<\/p>\n<p>Latest foreclosure statistics: Seattle P-I, <a title=\"Foreclosures in Seattle higher, but much lower than nation's\" href=\"http:\/\/seattlepi.nwsource.com\/business\/366855_foreclosure13.html\">Foreclosures in Seattle higher, but much lower than nation&#8217;s<\/a><\/p>\n<blockquote><p>The Seattle area had about twice as many foreclosures in May as it did a year earlier but continued to have a far lower foreclosure rate than the country as a whole, according to new reports.<\/p>\n<p>King and Snohomish counties had a combined 881 trustee-sale notices and bank repossessions in May, one for every 1,219 households, according to RealtyTrac, an Irvine, Calif., company that tracks foreclosures. The area&#8217;s rate put it 148th out of 229 metro areas the company ranks.<\/p><\/blockquote>\n<p>FHA tries to ride in to the rescue housing bubble (they&#8217;re a little late for that). Coverage:<\/p>\n<ul>\n<li>Seattle Times, <a title=\"Number of FHA loans jumps locally\" href=\"http:\/\/seattletimes.nwsource.com\/html\/businesstechnology\/2004474354_fhaloans13.html\">Number of FHA loans jumps locally<\/a><\/li>\n<li>Seattle P-I, <a title=\"FHA is waiting to give you a loan\" href=\"http:\/\/seattlepi.nwsource.com\/local\/367141_mortgage16.html\">FHA is waiting to give you a loan<\/a><\/li>\n<\/ul>\n<p>The much-vaunted commercial real estate market is apparently showing signs of weakness as well: Seattle Times, <a title=\"Commercial real estate brokers worry about Seattle buildings\" href=\"http:\/\/seattletimes.nwsource.com\/html\/businesstechnology\/2008017848_office26.html\">Commercial real estate brokers worry about Seattle buildings<\/a><\/p>\n<blockquote><p>After climbing for years, are office lease rates in downtown Seattle getting ready to turn south?<\/p>\n<p>Some commercial real-estate professionals think so.<br \/>\n&#8230;<br \/>\nMore than 2 million square feet of new office space \u2014 the equivalent of 1 \u00bd Columbia Centers \u2014 will come on the market in greater downtown next year. Almost none of it is pre-leased.<\/p><\/blockquote>\n<p>And lastly, Christine Gregoire is taking her turn beating the dead horse that is Countrywide.  Where was she when they were busily pumping the housing bubble up with all of these ridiculous loans?  Not running for re-election, that&#8217;s where.  Coverage:<\/p>\n<ul>\n<li>Consumer Smarts (P-I Blog), <a title=\"State wants to yank Countrywide's license\" href=\"http:\/\/blog.seattlepi.nwsource.com\/consumersmarts\/archives\/142029.asp\">State wants to yank Countrywide&#8217;s license<\/a><\/li>\n<li>Seattle P-I, <a title=\"State accuses Countrywide of bias\" href=\"http:\/\/seattlepi.nwsource.com\/business\/368440_countrywide26.html\">State accuses Countrywide of bias<\/a><\/li>\n<li>Seattle Times, <a title=\"State accuses Countrywide of discriminatory lending\" href=\"http:\/\/seattletimes.nwsource.com\/html\/localnews\/2008018073_countrywide26m.html\">State accuses Countrywide of discriminatory lending<\/a><\/li>\n<li>Rain City Guide, <a title=\"What do Governor Gregoire\u2019s actions mean for local Countrywide employees and short selling homeowners?\" href=\"http:\/\/www.raincityguide.com\/2008\/06\/25\/what-do-governor-gregoires-actions-mean-for-local-countrywide-employees-and-short-selling-homeowners\/\">What do Governor Gregoire\u2019s actions mean for local Countrywide employees and short selling homeowners?<\/a><\/li>\n<\/ul>\n<p>Did I miss any recent stories that should have been included?<\/p>\n<p>(<em>Aubrey Cohen, <a title=\"Foreclosures in Seattle higher, but much lower than nation's\" href=\"http:\/\/seattlepi.nwsource.com\/business\/366855_foreclosure13.html\">Seattle P-I<\/a>, 06.13.2008<\/em>)<br \/>\n(<em>Elizabeth Rhodes, <a title=\"Number of FHA loans jumps locally\" href=\"http:\/\/seattletimes.nwsource.com\/html\/businesstechnology\/2004474354_fhaloans13.html\">Seattle Times<\/a>, 06.13.2008<\/em>)<br \/>\n(<em>Aubrey Cohen, <a title=\"FHA is waiting to give you a loan\" href=\"http:\/\/seattlepi.nwsource.com\/local\/367141_mortgage16.html\">Seattle P-I<\/a>, 06.16.2008<\/em>)<br \/>\n(<em>Eric Pryne, <a title=\"Commercial real estate brokers worry about Seattle buildings\" href=\"http:\/\/seattletimes.nwsource.com\/html\/businesstechnology\/2008017848_office26.html\">Seattle Times<\/a>, 06.26.2008<\/em>)<br \/>\n(<em>Phuong Cat Le, <a title=\"State wants to yank Countrywide's license\" href=\"http:\/\/blog.seattlepi.nwsource.com\/consumersmarts\/archives\/142029.asp\">Consumer Smarts (P-I Blog)<\/a>, 06.25.2008<\/em>)<br \/>\n(<em>Phuong Cat Le, <a title=\"State accuses Countrywide of bias\" href=\"http:\/\/seattlepi.nwsource.com\/business\/368440_countrywide26.html\">Seattle P-I<\/a>, 06.26.2008<\/em>)<br \/>\n(<em>Susan Kelleher, <a title=\"State accuses Countrywide of discriminatory lending\" href=\"http:\/\/seattletimes.nwsource.com\/html\/localnews\/2008018073_countrywide26m.html\">Seattle Times<\/a>, 06.26.2008<\/em>)<br \/>\n(<em>Jillayne Schlicke, <a title=\"What do Governor Gregoire\u2019s actions mean for local Countrywide employees and short selling homeowners?\" href=\"http:\/\/www.raincityguide.com\/2008\/06\/25\/what-do-governor-gregoires-actions-mean-for-local-countrywide-employees-and-short-selling-homeowners\/\">Rain City Guide<\/a>, 06.25.2008<\/em>)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here are a few recent stories that have been covered elsewhere and are worth at least mentioning here. Latest foreclosure statistics: Seattle P-I, Foreclosures in Seattle higher, but much lower than nation&#8217;s The Seattle area had about twice as many foreclosures in May as it did a year earlier but continued to have a far&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[198],"tags":[351,18,310,349,528,353,7,185,352,10,311,350,3,19,31],"coauthors":[],"class_list":["post-2099","post","type-post","status-publish","format-standard","hentry","category-news","tag-cat-le","tag-cohen","tag-commercial","tag-countrywide","tag-dead-horse","tag-fha","tag-foreclosures","tag-gregoire","tag-kelleher","tag-link_roundup","tag-pryne","tag-rain-city-guide","tag-rhodes","tag-seattle_pi","tag-seattle_times"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Foreclosures, FHA, Commercial, &amp; Countrywide \u2022 Seattle Bubble<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seattlebubble.com\/blog\/2008\/06\/27\/foreclosures-fha-commercial-countrywide\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Foreclosures, FHA, Commercial, &amp; Countrywide \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Here are a few recent stories that have been covered elsewhere and are worth at least mentioning here. Latest foreclosure statistics: Seattle P-I, Foreclosures in Seattle higher, but much lower than nation&#8217;s The Seattle area had about twice as many foreclosures in May as it did a year earlier but continued to have a far...\" \/>\n<meta name=\"twitter:creator\" content=\"@The_Tim\" \/>\n<meta name=\"twitter:site\" content=\"@SeattleBubble\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The Tim\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2008\/06\/27\/foreclosures-fha-commercial-countrywide\/\",\"url\":\"https:\/\/seattlebubble.com\/blog\/2008\/06\/27\/foreclosures-fha-commercial-countrywide\/\",\"name\":\"Foreclosures, FHA, Commercial, & Countrywide \u2022 Seattle Bubble\",\"isPartOf\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\"},\"datePublished\":\"2008-06-27T17:08:44+00:00\",\"dateModified\":\"2009-07-10T17:30:20+00:00\",\"author\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\"},\"breadcrumb\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2008\/06\/27\/foreclosures-fha-commercial-countrywide\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/seattlebubble.com\/blog\/2008\/06\/27\/foreclosures-fha-commercial-countrywide\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2008\/06\/27\/foreclosures-fha-commercial-countrywide\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/seattlebubble.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Foreclosures, FHA, Commercial, &#038; Countrywide\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\",\"url\":\"https:\/\/seattlebubble.com\/blog\/\",\"name\":\"Seattle Bubble\",\"description\":\"local\u00a0real\u00a0estate\u00a0news, statistics,\u00a0and\u00a0commentary without\u00a0the\u00a0sales\u00a0spin.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/seattlebubble.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\",\"name\":\"The Tim\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/image\/37756956c11dcc50d2559761ffa5ee70\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g\",\"caption\":\"The Tim\"},\"description\":\"Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer \/ internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market. 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