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8 striking parallels between the U.S. and the Roman Empire
Is our republic coming to an unceremonious end? History may not be on America’s side. Lawrence Lessig’s Republic Lost documents the corrosive effect of money on our political process. Lessig...
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Here we go again: Obama Wants Loose Mortgage’s, Again!
The Obama Administration Wants Banks to Stop Being So Uptight About their Mortgage Underwriting. How Crazy is That? Here we go again The Washington Post reports that the administration is […]Rating:...
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Obama Nominee To Aid In Next Housing Collapse
President Barack Obama has nominated Rep. Mel Watt to be Director of the Federal Housing Finance Agency. If his appointment is upheld, Watt may well lead America into another housing collapse....
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Second Housing Collapse: The Fed Owns The Mortgage Market
With market participants cheering a new all-time high in the Dow Jones, one man is predicting this “misplaced optimism” will lead to a “worse collapse than in 2008.” Peter Schiff, […]Rating: 0.0/10 (0...
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Homeowners redefaulting at an alarming rate
Nearly half of the US homeowners, who had their loans modified under a government aid program, are now defaulting again on their mortgages at an alarming rate, according to a […]Rating: 0.0/10 (0 votes...
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Obama’s Housing Plan: Race vs Credit Scores
The Mortgage Bankers Association and the Independent Community Bankers of America jointly filed a Supreme Court brief arguing that under the new HUD rule under Obama’s ridiculous housing plan that...
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A new wave of US mortgage trouble threatens economy
U.S. borrowers are increasingly missing payments on home equity lines of credit they took out during the housing bubble, a trend that could deal another blow to the country’s biggest […]Rating: 10.0/10...
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Beware a Global Housing Market ‘Train Wreck’
, the noted economist who correctly predicted the U.S. housing bubble and its collapse, now sees an impending housing market train wreck of global proportions, with housing markets in 18 […]Rating:...
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Luxury Home Foreclosures Soar 61%
I’ve always wondered what would happen once private equity players decided enough was enough and foreign oligarchs finished their real estate money laundering transactions. Well, we might be about to...
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6.4 million home mortgages in U.S. still underwater
Nearly 6.4 million homeowners in the United States are still “underwater” on their mortgages, owing the bank more than their house is worth, experts say. “Nearly 6.4 million homes, or13 […]Rating:...
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Is another housing crisis just around the corner?
By Cal Thomas Movie sequels are rarely as good as the original films on which they’re based. The same dictum, it appears, holds for finance. The 2008 housing market collapse was bad enough, but it...
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Rogers: There’s a 100% Probability of a U.S. Recession Within a Year
Rogers Holdings Chairman Jim Rogers is certain that the U.S. economy will be in recession in the next 12 months. During an interview on Bloomberg TV with Guy Johnson, the famous investor said that...
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Nothin Like This Before – Housing Markets In The Hamptons, Aspen & Miami All...
by Tyler Durden One month ago, we said that “it is not looking good for the US housing market”, when in the latest red flag for the US luxury real estate market, we reported that sales in the Hamptons...
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The terrifying signs of a looming housing crisis
The number of New Yorkers applying for emergency grants to stay in their homes is skyrocketing — as the number of people staying in homeless shelters reached an all-time high last weekend, records...
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The US Real Estate Bubble 2.0
To make outsized returns or avoid some nasty losses in investing, you have to go against the grain. There are few people who live that principle more than Reggie Middleton, the CEO of fintech...
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Mortgage Delinquencies Rise Most In 7 Years As Rates Spike
by Tyler Durden For the first time since Q1 2013, mortgage delinquencies rose QoQ in Q4. The jump from 4.52% (of total loans) to 4.80% is the largest since Q1 2010 and hit as mortgage rates spiked...
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Emerging Tight Money May Hit the Mortgage Market Hard
The Mortgage Professor Rising interest rates reduce the demand for housing by increasing the monthly payment on the mortgage most borrowers need to finance a purchase. In today’s market, a consumer...
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Another Housing Bubble?
Just prior to the economic collapse of 2007-2008 there were several economic indicators which could have given us a clue of the impending disaster. If we look at the economic situation today in the US,...
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Pre-Foreclosures Are Spiking Across New York City
by Tyler Durden Pre-foreclosures are spiking in New York City according to a new PropertyShark analysis. On a quarter over quarter basis, they are up an astounding 31%. Analysis for New York indicated...
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Miami Real Estate Is About To Collapse
Submitted by Harris Kupperman of Adventures in Capitalism Miami has a highly cyclical property market where the magnitudes of the booms and busts dwarf anywhere else in the country. In my experience,...
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