February 2009

Found 3 blog entries for February 2009.

Interesting article, it says that only 25 people in the whole country have qualified for the "Hope for Homeowners" program...25 in the whole country... with the guidelines setup as they were though I'm surprised its even that high.  Despite its name this program has not exactly been what I would call a "light at the end of the tunnel" for US Households.

http://www.businessweek.com//bwdaily/dnflash/content/feb2009/db20090218_423745.htm?chan=top+news_top+news+index+-+temp_news+%2B+analysis

I do think there will be some major changes in lender willingness to do loan mods between now and end of 2009, especially with regard to their willingness to reduce principal balances, stay tuned...

Update 3/24/09:  Here is a new article from Inman News with some

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Interesting article comparing Japanese economic recovery after real estate bubble in the 1990s that lead to severe recession and long period of deflation and decling asset values to current US economic crisis.  Lots of interesting parallels.  Hopefully we can learn from history and avoid some of the mistakes the Japanese government made...

 http://www.cnbc.com/id/29179715

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