foreclosurefish

Wall Street Breakfast: Must-Know News

So it looks like the Fannie/Freddie bailout legislation is just another excuse for servicing companies and lenders to make more money from foreclosure victims? How unbelievably unsurprising.

I wonder what interest KKR has in Lehman, though. KKR was rumored to be suffering from cash flow problems a few months ago; taking over an investment bank might solve that problem going forward.

Boomberg: End of CA Housing Decline in Sight?

This looks like good news and it might be for some markets. But, just as the other commenters suggested, the wave of Option ARM resets are just over the horizon. But at least banks are learning that they have to offer properties at prices people are willing to pay now -- not what they were willing to pay in 2006 at the heights of the boom.