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The Mortgage Lender Implode-O-Meter (main list & news)
Tracking the housing finance breakdown.
California Property Tax Values Shrink 1.8% in `Historic' Slump, Deflation "California property values fell 1.8 percent for the current fiscal year, only the second drop since the most-populous U.S. state began collecting the data in 1933." The Bears and the State of Housing "Of all the uncertainties in our halting economic recovery, the housing market may be the most confusing of all." U.K. House Prices Unexpectedly Rose in August, Halifax Says "U.K. house prices unexpectedly rose for a second month in August as a strengthening economy helped support demand, Halifax said." California HFA offering up to 3% help on mortgage downpayments "The California Housing Finance Agency (CalHFA) launched a new, fixed-rate, 30-year mortgage insured by the Federal Housing Administration (FHA) to attract borrowers who had been priced out of the market. The CalHFA is also claiming that it will provide origination below market interest rates." Surging Beijing, Shanghai Property Sales Trigger `Tightening' Speculation "China?s attempts to cool the real-estate market may be faltering as sales surge, prompting speculation the government may issue more tightening measures."