Feature Article #1
A Mammoth One in Five Borrowers Will Default
A leading mortgage analyst predicts over 11 million homeowners will default and lose their home if the government fails to take more radical intervention.
MichaelWhite | October 4th, 2010 | Continued
Feature Article #2
HousingStory predicts a nine percent fall in property prices nationwide in 2010
We make the call for a new decline in prices despite positive signals of higher prices including a gain of seven percent nationwide by Case-Shiller 10-City index from its post-crash bottom in April 2009.
MichaelWhite | September 10th, 2010 | Continued
Feature Article #3
In Bizarre Ruling, Maryland Court Denies ML-Implode.com Anti-SLAPP Motion Against Downpayment Launderer
In what is sure to go down in free speech history as a gross error, if not a blatant miscarriage of justice, ML-Implode.com has been denied its motion for anti-SLAPP dismissal in the Maryland lawsuit, Russell vs. Krowne (et al.) (a-k-a Global Direct Sales and The Penobscot Indian Tribe vs. Implode-Explode Heavy Industries, Inc./ML-Implode.com).
The lawsuit [...]
Feature Article #4
Pending Homes Sales Crash in a Record Fall to a Record Low as Tax Break Expires. The MSM Misses It.
So here’s the news for you now, a week late, but new to the marketplace of ideas. Pending-home sales now stand below the worst numbers we have seen since the housing crash started in 2006. The rubber bands and duct tape are breaking apart. Presume the fix of a fall is in.
MichaelWhite | July 9th, 2010 | Continued
Feature Article #5
Accelerating Jumbo Mortgage Delinquencies Will Bash High-End Property Values: Part 2 of 6 — Current Market Conditions: It’s Wild and Weird On the Top
To summarize, serious jumbo mortgage delinquencies are 50 percent higher than the overall market. The number of distressed sales in that category has tripled in the last year in the Chicago area; and that trend toward distress is probably true far and wide. It has to be given what we know of the mortgage-delinquency trend. Thirty percent of all foreclosures are top-tier properties and that is a doubling of the rate when compared to three years ago. Our current zeitgeist is a trade-down environment with low-ball appraisals. Government subsidies do not cover most mortgages in expensive-property markets. And values are projected to fall 60 percent for expensive properties from peak to broken-bubble bottom.
MichaelWhite | June 19th, 2010 | Continued



