Posts tagged "Financial crisis"

Slim Chance Of A Housing Bubble In The Chicago Area

Slim Chance Of A Housing Bubble In The Chicago Area
I was tempted to say that there is no chance of the Chicago area currently being in a bubble but the fact is that just about anything is possible so I settled for “slim chance”. As Robert Shiller (of Case Shiller Home Price Index fame) said in a recent interview “There’s always reason to worry... Read more »

Price Point Mattered In The History Of Chicago's Housing Bubble

Price Point Mattered In The History Of Chicago's Housing Bubble
This was originally going to be a quick and easy blog post about how the upper end of the Chicago housing market was on a tear and growing faster than any other segment. But then the data wasn’t exactly cooperating with my preconceived notion and it became clear that there was actually a very different... Read more »

Housing Bubble 2.0: Predatory Lending Is Back

Housing Bubble 2.0: Predatory Lending Is Back
The popular narrative about the financial crisis/ housing bubble is that predatory lending practices tricked unsuspecting consumers into buying homes they couldn’t afford, driving up home prices to unsustainable levels in the process. Then when home prices inevitably went down the lenders took homes away from these people, making billions of dollars in exorbitant profits... Read more »
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Should You Really Feel Good About The JP Morgan Mortgage Settlement?

Should You Really Feel Good About The JP Morgan Mortgage Settlement?
13 months ago the newly formed┬áResidential Mortgage-Backed Securities Working Group sued JP Morgan for their contributions to the financial crisis through their mortgage activities. Yesterday the two parties reached a $13 Billion settlement which includes $9 billion in restitution and $4 billion in help for homeowners and communities impacted by high foreclosure rates. Clearly this... Read more »