When Nobody Else Will Lend, Where Do You Go? Taxpayers
October 18, 2009
Here’s a story from Clusterstock titled “20 Year Old Buys Home With $183,000 FHA Loan And Just 3.5% Down” which provides a live example of why the housing market on the low end is going gangbusters.
Denise Tejada bought a house last month at the age of 20, thanks in large part to a loan guaranteed by [...]
ARM Mortgage Reset Pain to Continue
July 14, 2008
A graph put out by Credit Suisse details the monthly volume of residential mortgages which will have their interest rates reset. The graph clearly indicates that we’re not out of the woods yet. In fact, what this graph indicates is that sometime towards the end of 2008 and early-mid 2009 we might begin to start [...]
Read More >>Fresh & Easy Stores Sales Well Below Expectations
March 17, 2008
Fresh & Easy, the grocery store concept by british-based Tesco who has been on an aggressive expansion plan in Southern California and soon to be Northern California reported sales numbers well below the $100M estimate over six-months.
Turns out that sales only came in at $30M. The poor performance comes at a time when the retailer is [...]
