Posts tagged "mortgages"

Hey, GOP: Don't screw up the economic recovery.

The good news: Americans have started borrowing again. The bad news: Americans have started borrowing again. Actually, it’s big news, whether good or bad, because it represents a major change in consumer behavior since the economy began tanking in 2008. It means that for whatever reason, borrowers have enough confidence to once again go into... Read more »

More on how banks are screwing up the housing market

Banking practices need a closer examination Since my column on Tuesday about how banks are screwing up the housing market, I’ve received some interesting responses with some possible explanations. Banks are holding onto to “under water” property despite reasonable offers from prospective buyers because banks can make money (what a surprise) by doing so. Here... Read more »

How banks are assaulting the housing market

America’s big banks, among others, that helped send us spiraling into the Great Recession are at it again. They’re warning of even more dire consequences if we don’t follow their advice and raise the U.S. debt limit. In an April 25 letter to Treasury Secretary Timothy Geithner, Matthew E. Zames, a managing director at JPMorgan... Read more »
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Home mortgage lenders becoming more optimistic

Commercial Mortgage Alert reports: Lenders are feeling better about their prospects than they have for years — but they’re not ready to break out the champagne just yet. or the first time since the market crash, positive signs abound. Commercial real estate prices seem to be stabilizing. Property sales are picking up. Interest rates remain... Read more »

Banking's next gift: End of 30-year mortgages?

It’s complicated, but there are reasons that banks would want to end granting 30-year mortgages, a popular option for many home-buying Americans. You’ll have to read through this entire article to get the picture.

Barney Frank never learns

Barney Frank Rep. Barney Frank, the Massachusetts Democrat who did his part to engineer the home mortgage meltdown is at it again. It wasn’t enough that Frank, from his position as a powerful House committee chairman, pressured banks into making home loans to people who weren’t qualified. Now, his solution, is to pressure banks into... Read more »
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