John Mulkey, Housing Guru

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Services for Real Estate Pros - TheHousingGuru.com
RECENT BLOG POSTS
New Settlement Offer From Lowe’s on Tainted Drywall   Several weeks ago I wrote a POST describing a settlement offer from Lowe’s for customers who had purchased “tainted” drywall, and the response from most was that the offer was more of a bad joke than a serious effort to help consumers.  In the...
10/29/2010
Title Insurers Drop Demands For Indemnifications From Lenders A story in the Washington Post reports that three major title companies have agreed to drop their demands for written indemnifications from lenders re-selling their REO inventory. While the change is not yet universal—Fidelity National...
10/29/2010
  Monday Morning Quarterbacking and Incompetence: The Government is Expert   Once again we find that politicians and bureaucrats have failed us.  Speaking at a housing conference in Arlington, Sheila Bair, Chairman of the FDIC, said that banking regulators should have realized that the streamlini...
10/26/2010
Clear Capital™, a real estate data firm located in California, has issued a special alert on a dramatic change in U.S. home prices. According to the release, prices are continuing to fall following the artificially induced highs of the Homebuyer Tax Credit, and have fallen 5.9% in just two months...
10/22/2010
Foreclosure-Gate, as it has aptly been named, has exposed yet another layer in the dishonesty that seems pervasive in our culture; and far from an anomaly, it seems emblematic of the unholy alliance of Wall Street, big banks and government.  And we have all become jaded to the stories.  Sure, we ...
10/22/2010
An article on MarketWatch reports that HUD Secretary Donovan has stated that there are no “structural” foreclosure issues and that the “housing recovery that has begun can continue.” And while the government would like foreclosure scandal to just go away, many attorneys and homeowners facing fore...
10/20/2010
While most of us have had our fill of articles and blogs on the foreclosure crisis, I’ve found one more that I think is worth the time of those who want to better understand the issue and its potential affect upon both housing and the economy. A recent article by John Mauldin in his weekly newsle...
10/17/2010
A small, nondescript farmhouse in Maine may one day host a monument marking it as the spot where the first volley of Foreclosure-Gate was fired. The house, owned by Nicolle Bradbury, is just one of millions facing foreclosure, but, according to an article in the NY Times, the owner refused to go ...
10/15/2010
Acting Director of FHFA, Edward J. DeMarco, has released a statement addressing the recent foreclosure filing deficiencies and providing guidelines for dealing with those deficiencies. In his statement, DeMarco presented a four-point policy framework:   1. Verify Process – Mortgage servicers must...
10/14/2010
While recent news stories have focused upon the “robo-signing,” of foreclosure documents, including some allegations of forgery and fraud, a foreclosure moratorium won’t solve the problem.  The securitization of mortgages and the potential processing of illegal foreclosure documents are merely co...
10/13/2010
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John Mulkey

Housing Guru
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