Monday April 28 Housing and Economic stories

Top Stories:

Eos Airlines collapses into bankruptcy - (www.ft.com) – Will cease operations immediately. Aloha Airgroup Inc., ATA Airlines Inc. and Skybus Airlines Inc. ceased operations earlier in April and Frontier Airlines Holdings Inc., filed for bankruptcy protection but continues to operate. Oasis (business airlines) also filed for bankruptcy in April.
Recording Of Republican Convention In Texas Which Illegally Ejected Ron Paul Supporters - (www.ml-implode.com) - The sound of fascism. This kind of thing has happened before -- we are reminded of Rockefeller's browbeating of Goldwater suppo...
Countrywide CEO Made $132M In 2007 Pay, Stock Sale - (www.ml-implode.com)
How drunk do you have to be to buy a Miami condo? - (www.ml-implode.com) - ''With the party-like atmosphere, some people become regular open-house goers, even if they aren't looking for a house. Judy Geo...
S.F. landlords charged with tenant terror - (www.sfgate.com) - A landlord couple have been charged in San Francisco with waging a campaign of terror against their renters in a South of Market building, including cutting out the floor supports at one apartment after the tenant went to court to keep from being evicted, authorities said Wednesday
Loan crisis hits home - (www.portlandtribune.com) – Of course, she (local woman) is blaming everyone except herself. Local woman finds obstacles abound in trying to work out new deal with lender • Nearly 15,000 borrowers across the state could see terms reset in the next 18 months
Calpers-Linked Land Partnership Gets Default Notice - (online.wsj.com)
Condo loans just got harder – (www.contracostatimes.com) - Starting May 1, AIG United Guaranty, a major private mortgage insurer, no longer will write coverage on condominiums in hundreds of ZIP codes across the country that it designates as having "declining" market conditions. The ban is irrespective of applicants' credit scores, assets or equity stakes. Even in the healthiest real estate markets, United Guaranty will require buyers to put at least a 10 percent down payment into the deal, and will reject applications on units in condo projects where more than 30 percent of the owners are investors
Lennar Property Pawned Off Onto CALPERS Hits Default - (www.ml-implode.com)
Beware the fine print in tax waiver law - (www.sfgate.com)
Foreclosure Hits Even Connecticut's Wealthy - (www.nytimes.com)
Bank-owned homes are real estate's new gold rush : Real Estate ... - (www.venturacountystar.com) – Yes, the naïve press setting up the next wave of victims
The Choice: A house price crash or soaring inflation - (www.telegraph.co.uk)
Lenders Swamped by Delinquent Mortgages - (www.washingtonpost.com)
Inventory at 27-year high - (latimesblogs.latimes.com)



Other Stories:

C.A.R. Median Home Prices Down 29% In March - (www.ml-implode.com) - The California Association of Realtors® has released its report for March. Home sales decreased 24.5 percent compared with t...
Greenspan Long-Lost Thesis Was About Housing - (www.ml-implode.com) - No wonder they hid it: An anticipation of a bursting housing bubble. Greenspan even wrote: "There is no perpetual motion mach...
Wells: More Liquidity Issues in the Secondary Market - (www.ml-implode.com)
Recession Diet Just One Way to Tighten Belt - (www.nytimes.com)
Food squeeze feared as chance of U.S. drought seen - (www.reuters.com)
Trouble for the Dodd-Frank mortgage bailout plan - (latimesblogs.latimes.com)
Wachovia Is Under Scrutiny In Latin Drug-Money Probe - (online.wsj.com)
Huge Derivative Losses Upcoming? - (www.blacklistednews.com)
Interest rates rise in O.C. on safest mortgages - (mortgage.freedomblogging.com)
Horatio Alger Multiplied by 1.3 Billion - (www.nytimes.com)
Where Was the Wise Man? - (www.nytimes.com)

Effort to Rein In Fannie, Freddie Gains Steam - (www.washingtonpost.com)
Oppose the Mortgage Lender Bailout - (www.angryrenter.com)
New House Sales And Recessions - (www.calculatedrisk.com)
Real Estate the Tip of the Iceberg - (greatdepression2006.blogspot.com)
The Feds' Subprime Suspect - (www.businessweek.com)
Why the housing market is cyclical - (www.bankrate.com)
Robert Shiller on America's 'Speculative Culture' - (www.seekingalpha.com)
Subprime Country: A Nation Within a Nation - (Charles Hugh Smith)
Alternative Script for NAR's Economist - (seekingalpha.com)
Save 20-30% more - just wait! - (losangeles.craigslist.org)