I have long made the argument that shadow inventory is a bogeyman which, like shadow boxing, won’t hurt anyone, or at least won’t hurt the…
When the federal government guarantees a student loan, that loan is subject to accounting treatment that was established by the 1990 Fair Credit and Reporting Act (FCRA). It should come as no surprise that the FCRA methodology is not “fair” at all….
The U.S. Treasury’s Office of Thrift Supervision noted last year (page 7):
The FBI estimates that 80 percent of all mortgage fraud involves collaboration
or collusion by industry insiders.
This confirms what one of the country’s top fraud exper…
Home equity has become a thing of the past for millions of homeowners. Nearly 11 million, to be precise. That’s the number of properties nationwide that had negative equity at the end of the second quarter of 2011, according to market research fir…
September 8, 2011, 10:00 pm
Legal/Regulatory
Settlement Said to Be Near for Fannie and Freddie
By BEN PROTESS and AZAM AHMED
Daniel Rosenbaum for The New York Times
Robert Khuzami, the Securities and Exchange Commission enforcement chief, is said to h…
Apparently the banks are preparing for the expected ‘slap on the wrist’…
Three of the nation’s largest banks said Friday that they expect to be sanctioned by the U.S. government for their foreclosure practices, securities filings show.
The disc…
The housing bust is far from over….More than one in five homes in the U.S. has an ‘underwater’ mortgage…
S&P has issued a forecast which says home prices could drop another 10% through next year.
The new research says that:
“While U.S. home …
The latest chapter from the housing bust saga…. Check out this Washington Post article…
A new wave of distressed home sales is rippling, more quietly this time, through American cities and suburbs.
Its unsettling effects are playing out …