There’s already been a bevy of analysts coming out with their forecasts on what the S&P downgrade means for the economy, what it will do to interest rates, other financial institutions, junk borrowers, and other entities somehow connected to the US …
Easy access to home equity loans during the housing boom put borrowers who extracted home equity at more risk. Declines in home prices are felt more severely by people who took out home-equity loans. Middle-class crush and banking system burdened by ex…
“In bull markets – usually when things have been going well for a while – people tend to say ‘Risk is my friend. The more risk I take, the greater my return will be. I’d like more risk, please.’ The truth is, risk tolerance is antithetical to successfu…
Americans know that banks have mistreated borrowers in many ways in foreclosure cases. Among other things, they habitually filed false court documents. There were investigations. We’ve been waiting for federal and state regulators to crack down. …
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…
February 8, 2011
Plans Near for Freddie and Fannie
By BINYAMIN APPELBAUM
WASHINGTON — The Obama administration and House Republicans are settling into a game of chicken over Fannie Mae and Freddie Mac, with each side daring the other to advance a pl…
Negative Home Equity Surges, Weighing on Housing Recovery
Printing doesn’t solve everything, Benny Boy
The highest court in Massachusetts ruled against U.S. Bancorp and Wells Fargo & Co. Friday in a pivotal mortgage foreclosure case that could spark more turmoil and uncertainty in a housing market already mired in depression.
The Supreme Judicial …
Student debt crisis threatens US economy
A series of independent studies and reports at various levels are jolting Americans out of their sense of lull over a looming crisis that has been in the offing for quite some time now, but was …
You’ve seen the stories about how, in Australia, mobile homes made from converted shipping crates are selling for – wait for it! – as much as $1 million. Well, seems like the Australian bankers are doing everything they can to prevent the inevitable i…
