And if you are still making your top dollar payments, and sometimes paying top dollar taxes on it, are you kicking yourself that only a few years in, your house is worth half if not less than what it was originally estimated?
“2008 Nobel Prize in Economics winner Paul Krugman states that the notion “has been refuted up, down, and sideways.”[104] He also noted in November 2009 that 55% of commercial real estate loans were currently underwater, despite being completely unaffected by the CRA.[105] According to San Francisco Federal Reserve Bank Governor Randall Kroszner, the claim that [...]
Think about it — doesn’t make sense. Sure the US would have problems, but those subprime loans made by borrowers that didn’t have money to make the payments also had mortgage insurance premium paid when they bought the home. That means if the borrower defaulted on his loan then the mortgage insurer would give the [...]
May 182011
Before you Republicans start screaming “Fannie, Freddie and Barney Frank!” (parroting your favorite media propagandists of course), just remember that the housing problems reached critical mass between 2003-2006 when Republicans had controlled Congress and the White house. Presidential Task Force headed by Hank Paulson: “The turmoil in financial markets clearly was triggered by a dramatic [...]
May 182011
I can think of: 1) gov’t handling of low interest rates and keep all these years after 9 / 11 2) The advent of any new loan programs that are now so easy for people, Adjustables houses teaser rate mortgage, the former would have found unaffordable. 3) The subprime mortgage and therefore no income verification [...]
I maintain that its when 1) artificially low interest rates for a long time (Supposedly to hide some other economic issues) 2) lack of regulations for risky or fraudulent speculation in real estate. 3) extremely risky lending practices brought about especially when lenders making these risky loans do not have to portfolio them themselves and [...]
I gave them several weeks to a story about this factoid weben.Sie blamed the mortgage meltdown has forced banks to U.S. $ 500K to give loans to poor, Bill Clinton. But the same ability to flip the house, took place in the world. shell oil future
Recent Comments