Once WAMU, WFC, BAC and JPM start to get data through on how rapidly their HELOC portfolios are deteriorating, watch the losses pile up. I’m talking realised losses, not mark-to-market writedowns." emphasis and link added Watch HELOCs closely! Fleck’s source nailed subprime last year, as an example on January 30, 2007:Fannie Mae delays foreclosures 45 days for Hardest Hit Fund programs TO: All fannie mae single-family servicers. making Home Affordable: Further Guidance on Interactions with Hardest-Hit Fund Unemployment and Reinstatement Programs . Introduction. This Lender Letter (LL-2011-01R) is a reissuance of Lender Letter LL-2011-01, which was originally issued on January 18, 2011.
Home. Bondholders hope Countrywide settlement will pay up.. Shifting market turns investors shy on housing A $1.3m real estate flip is analyzed by Kevin as a potential 3-unit investment in real estate. The surprises were interesting (SPOILER: Turns out, it’s only a legal single-family house