You won’t believe this

Next mess: Hedge fund are creating the first security that would be backed by home-rental payments. The bonds would work similarly to mortgage-backed securities – only the flow of investor returns wouldn’t come from monthly mortgage payments, but rather income...

More fed meddling

In an effort to boost the housing market, the federal reserve has taken a new and unusual step. Instead of merely buying treasury bonds to lower mortgage rates, it is now going to buy mortgage backed securities. You know them- the toxic ones that caused the problem in...

Shortage of homes

Can you believe it? After years of bulging inventory of reos, the days on market has shrunk to an amazing 33 in L.A. Because of several reasons: Interest rates so low makes for a positive cash flow situation for buy and hold Upside down home owners not putting houses...