First I want to apologize for the light postings this week. Some exciting things going on behind the scenes here that are taking up a great deal of my time. That said, here are some links that I found interesting in perusing the RSS feeds this morning:
- Some front lines evidence of the Collateral Damage of the current mortgage market meltdown (via Clearing Title blog)
- Mortgage brokers beware…many banks don’t want your sub prime business anymore (via Calculated Risk)
- The New York Post reports on the closing of American Home Mortgage TODAY as well as the immenent bankruptcy of Accredited Home Lenders
- From Crain’s (7/27/07…don’t know how I missed this but better late than never) comes a report on the expected surge of NYC foreclosures (primarily outside of Manhattan)
- Three of the hardest hit neighborhoods are in Brooklyn, according to NEDAP: Bedford Stuyvesant, Flatbush and East New York. Two are in Queens: Rochdale and Jamaica.
- With all of this negative news regarding the housing market and mortgage meltdown, what is a "desperate" agent to do? Real Blogging shares some advice in recent posts:
- And ending on a positive note…Foreign Buyers Scoop Up Real Estate in the U.S. (via Real EstateJournal.com). One of the primary reasons Manhattan real estate has remained strong.
"And that’s about all I have to say about that!"…Forrest Gump