General
Bring Criminal Charges Against Chief Executives of Leading Originators And Securitizers of Stated-Income Mortgages
The most notorious method for stealing burning squandering money in our real-estate-and-mortgage bubble was something called stated-income loans. The popular term now is liar loans. What does that mean?
23Apr2010 | MichaelWhite | 9 comments | Continued
New Update of 120-Year Residential Property Series Suggests 22 Percent Nationwide Fall Ahead
The best long-run data series on property values estimates a fall of 22 percent from current values.
5Apr2010 | MichaelWhite | 2 comments | Continued
Bizarre Bernanke
Ron Paul Schools Ben Bernanke, again
24Feb2010 | BradleyJansen | 1 comment | Continued
Today’s Mortgage Rates Steady Below 5 Following Fed “Text”
Prices of mortgage-backed securities declined for the second day in a row today. Mortgage rates, which move opposite mortgage-backed securities prices, were unchanged. Pricing though, which effects closing costs, worsened this afternoon. In other words whatever it may have cost you to secure a 4.75% 30 year fixed mortgage yesterday, it’ll cost just a little more to get that same rate today.
10Feb2010 | edferrara | 0 comments | Continued
Predatory Deception Falsifies New York Times Editorial on Mortgage Brokers
You have called for yield spread to be outlawed in the same editorial where you described it as “totally justified”. You have argued against “high-priced” loans, but your policy would have the effect of requiring that all brokered loans be high-cost mortgages paid with points.
10Feb2010 | MichaelWhite | 28 comments | Continued
Default As A Patriotic Duty
The President of the Financial Crisis Stimulates Systemic Long-Term Unemployment. Consumer Advocates Attack Creation Of Affordable Housing. *** I read a mysterious statement the other day. “My data show that between 1890 and 1990 real home prices actually didn’t increase,” said Robert Shiller, in Newsweek (Dec 30, 2009), Why We’ll Always Have More Money Than […]
11Jan2010 | MichaelWhite | 11 comments | Continued
The New Year’s Guide of 10 Key Charts To See Before Buying A Home
Ten housing charts (Including Affordability, Inventory, Delinquent Mortgages, Rates and others) that should make you question if now is really a good time to buy a home.
2Jan2010 | MichaelWhite | 1 comment | Continued
The Numbers Still Say 30% Down 30% To Go
It’s very nice that values achieved a gain of .013% in October, but we still have a 30% fall ahead of us and, as you know, we have a 30% fall behind us. Better send in your mortgage payment.
30Dec2009 | MichaelWhite | 1 comment | Continued
Fed Treasury Choke On Kryptonite
The housing market remains oversupplied by 860,000 units when compared to a 10-year average inventory and the overhang represents a direct contradiction to the spirit of Tuesday’s headlines describing new data from the National Association of Realtors. Major media said that “Home Sales Exceed Forecasts” (Bloomberg) and “Sales Rise 7.4%” (Wall Street Journal) and “Sales […]
23Dec2009 | MichaelWhite | 3 comments | Continued
Four More Years To Fall
The exhaustive Freddie Mac price index predicts prices will continue to fall for the next four years as the index fell 2% nationwide in the 3rd quarter.
9Dec2009 | MichaelWhite | 2 comments | Continued
Implode-O-Meter News- An error has occurred, which probably means the feed is down. Try again later.
- Mortgage Lender Implosions and Updates
- An error has occurred, which probably means the feed is down. Try again later.
- Bank Implosions and Updates
- An error has occurred, which probably means the feed is down. Try again later.
- Hedge Fund Implosions and Updates
- An error has occurred, which probably means the feed is down. Try again later.
- Builder Implosions and Updates
- An error has occurred, which probably means the feed is down. Try again later.
Further to my comment of 9 August 2016, unlike the old Bank Rate system with its high interest rates, Quantitative…