Posted by Jonathan J. Miller -Saturday, July 10, 2010, 4:25 PM
For each week’s Eye on Real Estate Show on WOR NewsTalk Radio 710, we include a segment called “The BlogCast” where I discuss several housing related (sometimes a stretch) posts from some of my favorite blogs. They cover topics that are current, funny or simply a “must read”.
Saturday’s BlogCast covered the following blog posts:
[CNBC/Realty Check] Rich are Defaulting on Loans at Higher Rate? Not So Fast… Diana Olick provides commentary on the New York Times article that didn’t make sense to me either. The article was about the higher RATE of default but gave the impression that there were more rich people going into default than everyone else and included the “rich don’t care” stereotypes. More than one in seven homeowners with loans in excess of a million dollars are seriously delinquent, according to data compiled for The New York Times by the real estate analytics firm CoreLogic…“The rich are different: they are more ruthless,” said Sam Khater, CoreLogic’s senior economist. Good grief.
[APPRAISER ACTIVE] More on Fannie Mae Update to Appraisal Policies Francois Gregoire talks about the update and about his appearance in Ken Harney’s WaPo column on Fannie Mae’s new policies, including requirement for appraisers to have local expertise (SHOCKING). Francois lets consumers know about some of the shenanigans going on behind the scenes while borrowers are gnawing their fingernails, waiting for their mortgage loan to be underwritten and approved.
[WT/Watercooler] Accused spies fought Russians over home ownership Two of the eleven alleged agents of Moscow’s SVR intelligence service, living in Montclair New Jersey, apparently complained to their bosses at the Moscow Centre that they wanted to buy a house, so they could “do as the Romans do.
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