While the Realtors and Home Builders and Mortgage Bankers all bask in the glow of the home buyer tax credit extension/expansion, we all need to turn our attention to the real drag on a housing recovery: Foreclosures.    Read More

In landslide votes, the extension/expansion of the first time home buyer tax credit passed both houses of Congress and is now on its way to the President's desk for signing tomorrow.    Read More

Yep, thanks to a new program announced by the nation's largest owner of home loans, Fannie Mae, troubled borrowers can sign over the deed of their homes and rent back for the current market rate.   Read More

An interesting article in the Wall Street Journal today about Wells Fargo & Co. modifying some of its worst loans into interest-only loans got me thinking about the housing recovery in a new light.    Read More

Despite all the yelling about the need for a government exit strategy from its massive economic bailouts, real estate welfare is still cooking with gas.    Read More

An interesting report today from the Mortgage Bankers Association shows business may be better than we think for their people.    Read More

We may like to refer to them as the "beleaguered big builders," but in fact many of the top names in home building are sitting on piles and piles of cash.     Read More

For those of you keeping score on the first time home buyer tax credit extension, here is the latest: The tax credit would be $8,000 for first-time home buyers and $6,500 for move-up buyers....The tax credit would sunset on April 30, 2010.   Read More

Sources are telling me that there may be a compromise among Senators Dodd and Lieberman and Senate Finance folks, like Baucus and his staff. Here's how it would work, and again, this is just a source telling me this, not necessarily what will happen:    Read More

Call it a sign of the times. It's not exactly a great time to put a large piece of commercial real estate on the market, like a big ol' building in downtown Washington, DC, but apparently the Mortgage Bankers Association didn't have a choice.    Read More