Posts Tagged ‘Dean Baker’

Negative Equity Is Not Really a Numbers Game

Written on 16 Nov, 2012 at 5:12

"This analysis suggests that the country should not focus on the immediate problem of mass unemployment, about which little can be done. Instead we should turn attention to long-term issues, such as tax reform and education." ... (Continue reading)

Home sales contracts are falling apart 2X as fast as last year

Written on 23 Nov, 2011 at 18:32

Why? Well, according to the Realtors, it's credit scores and appraisals coming in too low. Well shave my head and call me Baldy... what do you know about that? I certainly do declare, how can such a... (Continue reading)

Tagged with: AIG bailouts bank of america banking lobby citibank conventional loans Dean Baker diana olick double dip economic recovery economy elizabeth warren Fannie Mae FDIC FDIC Chair Sheila Bair Federal Reserve Chairman Ben Bernanke FICO foreclosure crisis foreclosures Freddie Mac Goldman Sachs HAMP housing market housing prices Indymac bank jpmorgan chase Lawrence Yun loan modification loan modifications Making Home Affordable Plan mandelman mandelman matters martin andelman max gardner mortgage crisis mortgage refinancing mortgage servicers NACA NAR National Association of Realtors obama administration one west bank president obama recession REST Report Ron Phipps synthetic CDOs TARP Treasury Secretary Tim Geithner trial modifications U.S. economy unemployment wall street bankers wells fargo bank

We’re Going to Need a Bigger Horse… Portland police back down, rather than engage Occupy Portland protesters

Written on 15 Nov, 2011 at 9:57

We need, as perhaps the late, great Steve Jobs might have said... to think differently, to fight differently. We need to scare them by making them realize that we are their source of power and just as we bestow... (Continue reading)

Tagged with: bailouts bank of america banking lobby citibank cut the deficit Dean Baker diana olick double dip economic recovery economy elizabeth warren Fannie Mae Federal Reserve Chairman Ben Bernanke financial speculation tax foreclosure crisis foreclosures Freddie Mac fst Goldman Sachs HAMP Indymac bank jpmorgan chase loan modification loan modifications Making Home Affordable Plan mandelman mandelman matters martin andelman martin andelman ml-implode max gardner ml-implode mortgage crisis mortgage refinancing mortgage servicers NACA obama administration occupy portland Occupy Wall Street one west bank president obama recession super-committee supercommittee trial modifications unemployment wall street bankers wells fargo bank zuccotti park

Our future hinges on just ONE thing…

Written on 14 Nov, 2011 at 12:06

You know the stereotype... we all do... reckless and greedy people who bought homes they could never hope to afford by signing their names on nothing down, 80/20 "liar loans" with negative amortization and teaser rates of 1%. And... (Continue reading)

Tagged with: bailouts bank of america banking lobby citibank Dean Baker diana olick double dip economic recovery economy elizabeth warren Fannie Mae FDIC Chair Sheila Bair Federal Reserve Chairman Ben Bernanke ferdinand pecora foreclosure crisis foreclosures Freddie Mac glenn beck Goldman Sachs HAMP Indymac bank jpmorgan chase loan modification loan modifications Making Home Affordable Plan mandelman mandelman matters martin andelman ml-implode mortgage crisis mortgage refinancing mortgage servicers NACA obama administration one west bank recession REST Report rick santelli TARP Treasury Secretary Tim Geithner trial modifications unemployment wall street bankers wells fargo bank