Contents Pages by Subject

Housing

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NY Times

Like many buyers across the country, Ms. Ducksworth was about to complete the purchase of a foreclosed house when it suddenly went off the market. Fannie Mae is pulling back sales of homes that might have been foreclosed in bad faith.

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Ritholtz.com

The images of half finished (and barely started) developments are strangely beautiful, with a geometric symmetry that belies the state of human misery these developments represent: Lost deposits, bankruptcy, misallocated capital.

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NakedCapitalism.com/

What are the odds that these “lost” notices reflect legitimate lost documents, as opposed to failure to provide proper notice at all and lying to the court after the fact? The sheer volume strongly suggests the overwhelming majority are the result...

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Market-ticker.denninger.org/

The investors were invested in nothing. The MBS possessed nothing on the date the REMIC closed and perpetrated a fraud on the investors and the American taxpayer through its fraudulent qualification as a REMIC with the SEC...

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Market-ticker.denninger.org/

I argue that the people have every right to expect that all involved in this, back to the origination of this paper, will be viewed as criminals and held to account for what amounts to an intentional act of subversion and sedition against the laws...

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AP

Young people break into an unused building, move in a table, chair and bed, and then tell the police they are now the official residents - with no permission from the owner and no plans to pay rent. The once-respected Dutch tradition of squatting

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NY Times

The foreclosure machinery that has forced millions of Americans out of their homes is beginning to seize up as some lenders and their lawyers are accused of cutting corners in their pursuit of rapid home repossessions. Evictions are expected to slow

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Businessinsider.com/

The percentage of defaults which are strategic rises steadily as negative equity increases. For example, with FICO scores between 660 and 720, roughly 45% of defaults are strategic when the mortgage amount is 50% more than the value of the home...

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