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Tag: Colorado

Why foreclosures matter: The numbers are huge

1 August, 2007 (05:30) | California, Michigan | By: soren

State 1/x Households in  Foreclosure # of Households foreclosing Bush 04 margin EVs Primary Date Nevada 40 25,208 21k 5 1/19 Colorado 60 34,287 100k 9 2/5 California 69 189,560 -1.2m 55 2/5 Michigan 80 55,896 -160k 17 1/26?? Florida 81 102,213 380k 27 1/29 Ohio 82 60,728 120k 20 3/?? I know that I [...]

Mortgage lender collapses; real estate prices continue to fall

31 July, 2007 (16:05) | Uncategorized | By: soren

The big news today in housing is this, from Bloomberg: American Home Mortgage Investment Corp. shares plunged 89 percent after the lender said it doesn’t have cash to fund new loans and may have to sell off assets. … American Home caters to borrowers whose credit scores fall just short of standards for top-rated mortgages. [...]