government
Housing Prices Are Falling Again. We Have a Moral Obligation to Embrace The Trend.
Since I began in August to forecast a continuation of falling values, frequently I met with anger, disbelief, myopia. This week I wanted to take a closer look. So I pulled out one of the best number sets, and applied my crude math in exactly the same way I always do, but I did a close up on five years of data before and after the peak. The result is the chart you see below.
9May2010 | MichaelWhite | 7 comments | Continued
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
Best They Can Do
We have some experience with what to expect, and it squares with the common sense notion that the tax credit is pulling house purchase demand from the future. When the first homesucker’s credit expired last year, purchase demand collapsed. That tax credit program applied only to first time buyers. This one applies to everyone, not just first timers. The demand vacuum following the expiration of this program should be even more extreme, and last longer.
21Apr2010 | Lee Adler- The Wall Street Examiner | 3 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…