Friday, September 3, 2010
Problem Banks, California Underwater Mortgages, and SB 1275
In this video, Aaron Norris of The Norris Group gives the news of the week in the world of real estate and other big events. Aaron discusses the real estate market, including the possible new tax credit according to HUD secretary Shaun Donovan, the number of banks on the FDIC's problem list, the money in treasury debt bought by the Federal Reserve Bank, the percentage of California mortgages underwater according to CoreLogic, and the rejection of the foreclosure bill SB 1275. He also discusses upcoming events including I Survived Real Estate 2010 and the upcoming radio show with Peter Wayman. This video is a follow-up to the Norris Group's real estate blog.