Posts tagged "mortgage crisis"

Are We Heading Towards Another Mortgage Crisis?

Are We Heading Towards Another Mortgage Crisis?
Tuesday night I saw the trailer for The Big Short, which is based upon the book about John Paulson who made close to $4 B on the mortgage crisis by buying insurance contracts on subprime mortgages. It looks like it’s going to be a great movie and I loved how they used Led Zeppelin’s When... Read more »

Mortgage 360: Lending Standards Come Full Circle

Mortgage 360: Lending Standards Come Full Circle
The following guest post was written by Jackson Cooper of Jensen & Company. The Mortgage Bankers Association expects total mortgage originations to total $1.19 trillion in 2015, an increase of 7 percent from last year. Originations have increased every quarter since Q2 2014 after four consecutive quarters of steep declines. The National Association of Realtors... Read more »

How Politics And The Government Caused The Financial Crisis

How Politics And The Government Caused The Financial Crisis
As you know it’s very fashionable to lay the blame for the financial crisis on greedy Wall Streeters (especially if you are a politician or work in Hollywood or spend your days occupying something) but as I’ve pointed out in the past the government is largely to blame for the mortgage crisis. It just never... Read more »
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21 Books That Don't Know What Caused The Financial Crisis

21 Books That Don't Know What Caused The Financial Crisis
If someone tells you they know what caused the financial crisis – especially if they are from Hollywood and/or wear a baseball cap – don’t believe them. Andrew Lo, a finance professor at the MIT Sloan business school, wrote a review of 21 books on the financial crisis and concluded that we can’t even agree... Read more »

The Missing Solution For Underwater Mortgages

The Missing Solution For Underwater Mortgages
The government and the mortgage industry have spent a lot of energy trying to figure out how to help homeowners with their underwater mortgages. There are initiatives underway to help homeowners refinance their mortgages or to write down the principal balances for homeowners that would like to stay in their homes at a lower cost.... Read more »

How Fannie, Freddie, And The Government Contributed To The Mortgage Crisis

How Fannie, Freddie, And The Government Contributed To The Mortgage Crisis
When Charles Ferguson accepted the academy award for Best Documentary for Inside Job he lamented in his acceptance speech about the fact “that three years after our horrific financial crisis caused by massive fraud, not a single financial executive has gone to jail, and that’s wrong”. Well, it looks like Charles Ferguson may soon get... Read more »
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Chicago Home Prices Falling 2%+ Per Month; More Homes Underwater

Not to diminish the tragedy in Memphis but a ton of homes are underwater in Chicago too. Zillow came out with their first quarter report yesterday and they are claiming that almost 46% of area homes are underwater at this point – i.e. the homeowners owe more money than the home is worth. Now don’t... Read more »

Where Is The Financial Reform Of Fannie And Freddie?

Noticeably absent from the financial reform bill passed yesterday is any reform of perhaps the biggest culprits of the mortgage crisis – Fannie Mae and Freddie Mac. The politicians have been talking about getting back the TARP funds from the banks but as far as I know they got back a nice return from all... Read more »

Bank Of America To Give Away Money

If you loaned your brother-in-law $10,000 to buy a car and he spent that money on a car that was only worth $5,000 and then when he realized what he had done he decided he wasn’t going to pay you back…what would you do, assuming breaking his kneecaps is not an option? Well, as painful... Read more »
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