You really need to watch this. News to follow.
<<< click
http://www.flixxy.com/best-christmas-lights-display.htm
Amazing Christmas display with 176 channels and 45,000 lights! The show is so popular that it requires a crew of 3 people to manage the traffic.
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Short Sales Mitigate First-Lien Severities, BarCap Says – By DIANA GOLOBAY – Short sales may be partially responsible for the falling of first-lien severities in most non-agency sectors, according to securitization research Friday by Barclays Capital (BarCap). Mark-to-market loan-to-value shifts and the rising share of short sales in recent liquidations can mostly explain the severity declines. – HousingWire
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Why Didn’t Canada’s Housing Market Go Bust? – James MacGee – hattip Ira Artman – FRB Cleveland (hint: down payment/homeowners equity)
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House Flipping Makes a Comeback – By JAMES R. HAGERTY – … Now, a different breed of flipper is proliferating: one who seeks bargains at foreclosure auctions. Unlike the boom-time flippers, the latest generation needs cold cash, lots of local-market knowledge and strong nerves. … – Wall Street Journal