Posts tagged as:

mortgages

Still Bleak Outlook for Housing

May 17, 2011

Here is a well researched article on the current state of the housing market. It was sent by John Mauldin, but the research is from Gary Shilling. I follow Gary’s work religiously as he called the housing bubble well before it imploded. If you are a realtor, you may not want to read this as [...]

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Could the Mortgage Mess Crater the Economy

October 18, 2010

This past weekend, I did extensive reading on the mortgage situation. Before digging into it, I assumed the situation could be narrowed down to sloppy administrative procedures by the banks. Foreclosure specialists approving 10,000 requests a month led me to believe it was just an overwhelmed system. After this weekend, it could be much worse [...]

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Just Cause the Banks are Idiots Doesn’t Mean You Can Stop Paying Your Mortgage

October 15, 2010

As I am sure you have heard or read, the banks have not been following the proper procedures for the foreclosure process. Some bank employees have been approving over 10,000 foreclosures a month. This means that the employee has merely been signing his name 10,000 times because it is physically impossible to research the title [...]

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Backdoor Bailout for Banks

May 12, 2010

Here is a video segment by Yahoo Tech Ticker featuring Barry Ritholtz, whom I am a big fan, where a theory is discussed about a backdoor bailout of the banks. It deals with Fannie Mae and Freddie Mac. Both of these organizations are losing billions every quarter, and we, the taxpayers, are acting as an [...]

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