Monthly Archives: September 2007

“We are no longer originating loans”

Posted on September 3, 2007 by grim

From the Record: Is your lender a risk taker? Which New Jersey-based mortgage lender makes the riskiest loans? According to SMR Research Corp., it’s CIT Group Inc., which is in the process of exiting its Livingston-based home-loan business. The second- … Continue reading →

Posted in New Jersey Real Estate, Risky Lending | 1 Comment

Home prices to fall by 50%?

Posted on September 2, 2007 by grim

From Bloomberg: Value of city homes may decrease by half Homes may lose as much as half their value in some U.S. cities as the housing bust deepens, according to Yale University professor Robert Shiller. “The examples we have of … Continue reading →

Posted in Housing Bubble, National Real Estate | 53 Comments

Farewell Summer!

Posted on September 1, 2007 by grim

It’s September 1st, as well as Labor Day Weekend, so I’m going to officially close the 2007 real estate season. Unfortunately, the much-hoped-for recovery failed to materialize this year. Given the recent mortgage and credit market crisis, I don’t think … Continue reading →

Posted in New Jersey Real Estate | 94 Comments