Hardly making progress…

From the Record:

Foreclosure crisis easing in NJ, but state still leads the nation in housing distress

New Jersey continues to lead the nation in mortgage distress and foreclosure activity, the Mortgage Bankers Association said Tuesday.

One in eight – about 12.7 percent – of mortgage holders in the Garden State were either late on their monthly payments or in the foreclosure process during the third quarter, the MBA said. But that number is down from 15 percent in the same period last year, as lenders continue to chip away at a backlog of distressed properties that built up in the foreclosure pipeline after the housing crash.

“There is some chance that we are finally turning the corner on this,” said Charles Steindel, an economist at Ramapo College and former chief economist for Governor Christie.

Nationally, the level of housing distress in the third quarter was at its lowest level since 2007, before the 2007-2009 recession. Nationwide, 7 percent of mortgages were either in foreclosure or at least one payment past due.

New Jersey has lagged the nation in solving the foreclosure crisis because it is among about two dozen states where foreclosures go through the courts, which tends to slow the process. In addition, the state is still catching up after a near-freeze on foreclosure activity several years ago, as the mortgage industry dealt with accusations that it was abusing homeowners’ rights.

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43 Responses to Hardly making progress…

  1. Mike says:

    Good Morning New Jersey

  2. chicagofinance says:

    Heywoode Jablomee

  3. leftwing says:

    MSM thought of the day, from CBS This Morning:

    Consumer Reports editor interviewed regarding research on low level antibiotics in the foodchain. Conducted three year study on the development of antibiotic resistant bacteria from such.

    Result: Discovered 2m illnesses annually in the US due to antibiotic resistant bacteria.

    23,000 deaths annually.

    Ban commercial food?

  4. Libturd in the City says:

    Is there a more perfect breakfast than a good everything bagel with salmon spread?

  5. Libturd in the City says:

    “Ban commercial food?”

    Nah…send it to Syria where people are already killing themselves due to climate change. I just hope they don’t run out of virgins.

  6. anon (the good one) says:

    that’s funny!
    stick to it and stay far away from International Affairs. please

    chicagofinance says:
    November 18, 2015 at 7:36 am
    Heywoode Jablomee

  7. grim says:

    4 – Yeah, one that doesn’t include fish.

  8. Libturd in the City says:

    Spoken like a true goy!

  9. Comrade Nom Deplume and his amazing trick back says:

    [8] lib

    Got another bagel? I’m dying down here!

  10. Comrade Nom Deplume and his amazing trick back says:

    [6] a no one

    It’s sorta funny. And if you’d also avoid international affairs, economics and domestic policy, we’d all be grateful.

    Just stay in the corner and play with your crayons and Twitter account. Daddy has to go to work now.

  11. Libturd in the City says:

    If Anon was in charge of foreign affairs we’d all be wearing towels, chanting aloo akbar, but on the bright side, no one would be killed.

  12. Libturd in the City says:

    Well maybe if you turn the volume down it is.

  13. Nom – Did you have breakfast at S&S in Cambridge (Inman Square)? They have the best sit down breakfast in the Boston area IMO (and every entree comes with fresh fruit AND one of their home made bagels). Zaftig’s in Coolidge Corner is a close second.

    [8] lib

    Got another bagel? I’m dying down here!

  14. BTW, “S&S” comes from yiddish “esse und esse” – eat and eat.

  15. Fast Eddie says:

    Punk bagel in Clifton rocks! :) Literally and figuratively! I need to find an alternative here in my new haughty location.

  16. Libturd in the City says:

    Punk bagel was decent. I used to live about 10 houses from there 20 years ago.

    Bagels are a very subjective topic. I like them big and doughy so there is none better than NY Bagel Cafe II in Verona on Bloomfield Avenue. Hot Bagels Abroad on Broad in Bloomfield are a very good traditional bagel. Skip the one in Montclair. Completely different quality for the worse. Have tried Bagelwich (dumb name) in Verona, the little bagel store by the Valero in Bloomfield, Bloomfield’s Best Bagel and a handful of others. None compare to the first two I listed. Oh, that Bagel and Pizza joint near Route 3 in Clifton is horrendous.

  17. A Home Buyer says:

    For Joyce:

    Police reports in the arrest of an on-duty state state trooper accused of a DWI crash at a Garden State Parkway rest stop describe Sgt. Michael Roadside as a severely drunk, slurring, vomit-covered mess who mishandled his weapon and threatened to pay the other involved driver $1,000 if she agreed not to call 911.


  18. Libturd in the City says:

    Will try that egg in a hole recipe and will report back. Probably not till the weekend though.

  19. Fast Eddie says:

    I hate the trendy places where everyone needs to go because, well, everyone else goes there. Growing up in Jersey City, there was this guy who had a bunch of garages behind his house. You walked down a driveway and in the back were four or five garages, all attached. It looked like you were walking into a courtyard when you walked down the narrow driveway between houses.

    This old guy had ovens and baked bread; round loaves, Italian bread, rolls, French bread, etc. He baked it in brick ovens and everyone in the immediate neighborhood went there. Otherwise, it was like a kept secret. He added up the price with a pencil on the paper bag, real old school sh1t. Anyway, to this day, it’s still the best bread. Nothing has compared since. These are the places I want to find. Punk bagel sort of reminds me of it because it’s in the back, off the beaten path and has an old school feel to it. That, and the bagels and bialys are that good.

  20. Comrade Nom Deplume, screwing around at work says:

    [14] expat

    Yes. Very familiar with S&S. I was born mere yards from there. Was something of a regular back in the 80’s and 90’s.

    One time, I got to talk to Roger Berkowitz, whose family founded Legal Seafoods. We didn’t talk about his restaurant. Instead, we talked about S&S; he loved the place and ate there all the time growing up in Inman Sq.

    Last time I went was last March. I was up in Cambridge so we went there. They had expanded since I was there last.

  21. Comrade Nom Deplume, screwing around at work says:

    [14] expat

    I also recall a pretty good diner near or on Harvard St. in Brighton. But that was decades ago.

  22. chicagofinance says:

    Fast Eddie:
    still there……I took my son there earlier this year and just handed him a roll with nothing on it……he took a bite and looked at me like “are you kidding?” WTF is this? the rest of this big roll was gone in about 45 seconds…..

  23. Sima says:

    Best bagels: Bagelwich Bagel Bakery in Verona, NJ on Bloomfield Avenue has absolutely excellent bagels.
    It’s a little place that on weekends frequently has a line out the door.
    My personal favorites are the onion bagel and plain, but they’re all good.
    None of that soft, mushy, tasteless stuff that other stores have.

  24. Libturd in the City says:

    I found the Bagelwich ordinary. But it does have its fans.

  25. leftwing says:

    “Is there a more perfect breakfast than a good everything bagel with salmon spread?”

    Home smoked salmon on a whole wheat everything with fresh red onion.

    Had a diet that worked, lost some real lbs with some great store made smoked salmon. Actually, caloric intake worked. Dollar output did not at $28 per lb.

    So we adapted a buddy’s smoker for cold smoking (real b1tch to get good aroma by producing smoke at 75 degrees or less). Started at first a bunch of us convincing ourselves we were doing something healthy, while putting away too many IIPAs during the process. Four years later now we have it down to a science (cold smoking, not the IIPAs).

    Stuff is like candy. We rotate who cures the salmon. Drives each of our kids crazy, fish all over the place (refrigerator doesn’t seem the same as fresh air). Had an unfortunate raccoon incident in the garage once….

  26. Libturd in the City says:

    “Stein recently broke the news to her father — and hasn’t heard from him since.”

    And you wonder why I let my kid play ice hockey and soccer instead of attending Hebrew School.

  27. Libturd in the City says:

    Love smoked fish, but not from a bagel store where they somehow charge you like $10 to $12 for what amounts to a dollars worth of fish 1/200th of an onion and a smear of low quality cream cheese.

  28. leftwing says:

    Never calculated our all-in cost but we’ve been able to drive the fresh salmon down to a little over $6 per lb. Throw in some kosher salt, brown sugar, and a few secret ingredients and even after adjusting for weight shrinkage and waste we can’t be above $10-12 per pound finished product.

    That’s what a decent 4oz package costs in a supermarket. Forget that ragged looking junk that’s been sitting in the bagel shop deli stand for ages.

    I’ll literally make a bagel with the salmon stacked 1″ high on each half. Mmmmm. All out. Need to do more soon.

  29. Sima says:

    #28 Just goes to show that every one likes something different.
    These bagels have crunchy outside, chewy inside, and excellent dough taste. Authentic old school NYC taste.
    (whereas you had said you like soft and fluffy – these bagels are not that)

  30. Fast Eddie says:


    Antique is within walking distance to work and yeah, that’s about as close as it gets.

  31. Libturd in the City says:

    Bread…check out Nicolo’s in Montclair. Every good restaurant in North Jersey gets their bread from there. Staff also exhibits similar pride. Will have to check out antique next time I’m stuck walking around Hoboken. Is it anywhere near Benny Tudino’s which is the only reason I’m ever down that way anyhow?

  32. relo says:

    Hot Bagels on Saddle River Rd. in Fair Lawn. Used to play stickball in the summer or weekends at the Jr. HS on Morlot, then walk up the street and take $1 out of my bank account for a salt bagel and soda and have still change for the next day. Guy at the counter always did a misdirection trick when giving your change too.

  33. D-FENS says:

    @Reuters: BREAKING: Honduras detains five Syrians traveling on stolen Greek passports who were headed toward U.S.: police https://t.co/nrYt2POhuL

  34. walking bye says:

    Fast Eddie -Check out Goldbergs Bagels in Westwood on Saturday. Very good.

  35. Grimy says:

    Punk Bagel in Clifton, it doesn’t get any better.

  36. chicagofinance says:

    It is a block south of the hospital……I guess if you go to Grimaldi’s, Cucharamama or something………I used to live in a building that was back to back with the bakery…..which is on Willow and I was on Clinton……imagine that smell wafting over the top of the building in the morning when the wind was blowing off the river…….

    Libturd in the City says:
    November 18, 2015 at 1:51 pm
    Will have to check out antique next time I’m stuck walking around Hoboken. Is it anywhere near Benny Tudino’s which is the only reason I’m ever down that way anyhow?

  37. Libturd in Union says:

    When a sister of mine had an apartment above a bakery in New Brunswick, it also had the fresh baked bread smell almost all of the time. I miss that. She said it made her hungry.

  38. The Original NJ ExPat says:

    Several years ago the wife (then gf) and I toured a Cape Cod Lightship (see http://www.threeharbors.com/lightships.html ), essentially floating light houses around Cape Cod. The ships were sparsely crewed and stationary, but had full galley kitchens where they would bake fresh bread each morning. We were told that the cold lobstermen around Cape Cod would regularly pull up each morning and trade lobsters for fresh, hot, bread. Win-win, I guess.

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