February 15, 2010
It amazes me how many times media will report on a press release and assume they know what the release is saying by just reading the headline and perhaps the first paragraph. This week was no exception.
Several newspapers repeated a headline on Realty Trac’s press release claiming
U.S. Foreclosure Activity Decreases 10% in January
And many papers repeated the first paragraph:
RealtyTrac®, the leading [...]
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February 12, 2010
Last month I posted Are Foreclosures Coming to the Luxury Market? Well apparently they are.
In an article from Housing Wire, Fitch Ratings reported on jumbo mortgages (where the initial principal amount is above the $417,000 conventional loan limit set by Fannie Mae and Freddie Mac. In higher-priced markets the limit is $729,750):
The new year has [...]
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