In these days of national security, where it seems like everybody knows your business and activities, you have to wonder how come there was so many unethical things going on in the mortgage market the past few years yet no one allegedly saw it coming. You could pretty much figure that with skyrocketing home values […]
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I do not have the knee-jerk mentality of many who scream no bailout for failing banks and lending institutions. Nor do I see it as a necessary evil. Even though I am a bit opinionated, I have to be realistic when it comes to the current crisis we are in. It cannot be a sense […]
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No one is sure what the exact number of people there are with upside down mortgages, but a study by First American Core Logic, a real estate data analysis firm, estimates that 11% of homes purchased between 2004 and 2006 are there. There has been dropping valuation, mortgages resetting and people simply walking away because […]
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It is amazing to watch the continuing fallout from the mortgage market. Banks are going down. Freddie and Fannie are in the soup, and we see the government making attempts to set things right. It seems like everything is tied to this crisis, and there is undoubtedly a lot we do not know. I spent […]
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Since I read a lot of web content, blogs and news, I see a lot of things in the course of my work that most people don’t. I subscribe to several RSS feeds that cover the mortgage market, and I am especially fond of Dr. Housing Bubble, who gives me a big head’s up on […]
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Because I subscribe to numerous services, I often get content from overseas. I have not yet reported on any overseas viewpoints, but thought that the article in the Economic Times - Gurgaon, Haryana, India, was noteworthy. Mortgages and securities are, after all, world wide. So for a change I thought I would share their viewpoint.
Quoting […]
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We all know that it is not a very good time to buy a home right now, especially if our credit is less than stellar. To be honest, there are some really good deals to be had right now, and taking advantage of that is a good thing if conditions are right for you. Banks […]
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Even though Freddie and Fannie were aware of the market crisis, the pair kept revving the security engine full bore, even though Wall Street knew better, and backed away from it. To someone like me, that is criminal intent. Yet we are still hearing all the gushing news from Washington how good old Freddie and […]
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No one state has been hit harder in the mortgage market crisis than California. Research today shows why there is so much trouble there. In certain areas, ridiculously small homes are going for enormous prices, depending on area. These little cracker boxes in any other part of the country would go for 50-65K, yet they […]
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For some reason, it does not surprise me that Fannie and Freddie are once again in the news. Reports say that the two mortgages giants may show less than stellar results for second quarter, writing down once again. The two have already warned investors that credit-related losses, such as payouts on loans they guarantee, would […]
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