Nov 7 2011
Las Vegas Numbers From The Field: Contradict Broad Media Data.
I have been wondering why there are such negative media reports on cities like Las Vegas, where we have seen increasing competition for the good bank-owned properties as of late. This would indicate that positive numbers would emerge, but the media seems to contradict it. Since I trust my people in the field a whole [...]
Jan 24 2011
Banks Lose Foreclosure Case in Massachusetts High Court – What it Could Mean to Investors
You might have heard about the Massachusetts High-Court case in which Wells Fargo and US Bancorp lost a foreclosure case. See Bloomberg story by Thom Weidlich dated 1/7/2011.
The ground for their loss was that they had transferred the mortgages to a securitized mortgage backed pool (as most banks do) but failed to do it properly [...]
