Home Ownership Is On A Slippery Slope, But Home Prices Continue Higher!

| June 6, 2014

Home ownership in the United States has now fallen for 8 years in a row, and dropped to the lowest level in 19 years! To make matters even more interesting, almost 50% of all houses have no mortgages. This is an all time record up from 33% back in 2007-2008. Who is it then, that has […]

Lights Dim For The Large Banks If This NYT Leak Is Correct… U.S. Is Preparing Legal Actions Against More Than A Dozen Big Banks

| September 1, 2011

Will the arrogant banks finally get their comeuppance…..we’ll see?  Chris Whalen, speaking on King World News (www.kingworldnews) and known as one of the top U.S. bank analysts, says Bank of America Corp (BAC) will probably have to restructure (go bankrupt) sooner rather then later, wiping out shareholders and giving bond holders a haircut.  Whalen said the new Bank of America […]

Mortgage Defaults, 492 Days Of Free Rent…..And Counting

| November 27, 2010

The number of days since the average borrower in foreclosure last made a mortgage payment is now 492 days up from 382 days a year ago and a low of 244 days in August 2007.

Say It Isn’t So…..Fannie Mae And Freddie Mac Need More Money

| October 21, 2010

These two giant white elephants funded more than 62 percent of new mortgages in the first half of this year, according to Inside Mortgage Finance, a trade publication in Bethesda, Maryland.  It would seem that they some how managed to  loose money on every mortgage funded! Fannie Mae and Freddie Mac the mortgage-finance companies operating under […]

More Stringent Mortgage Underwriting Standards Sought By The FDIC

| September 11, 2010

FDIC’s Bair Warns of Government “Exposure” in Mortgages WASHINGTON (Reuters) – A key U.S. banking regulator raised concern on Wednesday about the risk of “exposure” the government is taking on in the mortgage market and urged more stringent standards for underwriting mortgages. “We should all be concerned about the type of exposure that the government […]

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