"Citing unnamed industry sources, Reuters reported late Thursday that B of A has put out word to institutional investors that it is accepting bids on up to 500 mostly vacant, single-family homes in California, Georgia, Florida and several other states.

- A Short Sale request is to be approved or denied within 10 daysThis is positive news for short sale investors as it shifts emphasis toward short sales, allows a defined marketing time without risk of foreclosure to the borrower, prevents reductions in realtor commissions, drastically shortens time frames, fully discharges borrowers, and apparently allows for submission prior to being in default.Links for related articles from: Reuters: http://tinyurl.com/yk64mbs Yahoo News: http://tinyurl.com/ydm43yg API: http://tinyurl.com/yj35shj

Housing Regulator Targets More Support for Poor Borrowers," Reuters (Aug. 19, 2015)

Considering the rate of sale in March 2014, it would take 4.6 months to clear inventory on the market, down from even the month before (Reuters).

His housing research is often cited in the media at outlets including CNBC, NPR, Reuters, Bloomberg, the Wall Street Journal and the Washington Post.

According to Reuters, S&P has downgraded the US Credit Rating from AAA to AA+ and may likely downgrade again in the next year plus.Thoughts?

Reuters had a blip this am stating the mortgage insurer PMI may cease operations.

NEW YORK (Reuters) – Renowned investor George Soros said on Friday the world financial system has effectively disintegrated, adding that there is yet no prospect of a near-term resolution to the crisis.The rest of the story:http://news.yahoo.com/s/nm/20090221/bs_nm/us_financial_sorosI guess he doesn't think that Obama can save the world.

According to Reuters. http://news.yahoo.com/s/nm/20090708/us_nm/us_realestate_usapartmentsA couple interesting things in this article:"The national vacancy rate rose to 7.5 percent, the highest since 1987 and an increase of 1.4 percentage points from last year, according to a report Reis released on Wednesday.

Nick Reuter on this site is the creator of Short Sale Artisan.