Posts Tagged ‘housing bubble’

SECURITIZATION: How our society changed when we learned to turn lead into gold.

Written on 30 Sep, 2013 at 13:07

Before securitization children were raised receiving fewer presents for their birthdays and holidays and I don't need a source for that statistic. Water is wet, the sky is blue, and that's a fact. Hotel rooms never cost $600... (Continue reading)

Two -Year Housing Recovery Mirage Now Over… Bernanke Hoping to Retire Before Everyone Notices

Written on 23 Aug, 2013 at 20:42

At the end of 2010, the interest rate on a 30-year mortgage was just under 5 percent... 4.97% to be more precise. Over the next 28 months actions taken by the Fed pushed that rate down as low as... (Continue reading)

Tagged with: 30-year mortgage interest rates bank of america bond market diana olick economic recovery economy Fannie Mae Federal Reserve Chairman Ben Bernanke foreclosure crisis foreclosures Goldman Sachs HAMP HOME PRICES housing bubble housing market recovery forecasts housing recovery is over jpmorgan chase loan modification loan modifications Making Home Affordable Plan mandelman mandelman matters martin andelman ml-implode mortgage crisis mortgage origination volumes mortgage rates rising mortgage refinancing mortgage servicers NACA QE tapering Treasury Secretary Tim Geithner trial modifications us housing markets wall street bankers

The Foreclosure Crisis – We Won’t Be Able to Fix It, Until We Understand It

Written on 10 Oct, 2012 at 6:26

By understanding the truth of what happened and why at these two pivotal moments in time, everything else will fall into place, for it was these two moments that set the course for a global economic downturn that, if history... (Continue reading)

Tagged with: bailouts bank of america CDO market diana olick economic forecasts economic recovery economy Fannie Mae FDIC Chair Sheila Bair Federal Reserve Chairman Ben Bernanke foreclosure crisis foreclosures fraudulent securitization Goldman Sachs HAMP housing bubble jpmorgan chase loan modification loan modifications Making Home Affordable Plan mandelman mandelman matters martin andelman Moody's mortgage crisis mortgage refinancing mortgage servicers NACA obama administration ratings agencies RMBS market sen. carl levin senate financial investigations TARP Treasury Secretary Tim Geithner U.S. Senateâ€™s Permanent Subcommittee on Investigations unemployment us economy Wall Street and the Financial Crisis: Anatomy of a Financial Collapse wall street bankers wells fargo bank

What Obama Should Have Done – Ezra Klein, Part 2

Written on 17 Oct, 2011 at 21:07

I mean, here we had our "smart" president, and the first thing he does upon taking the reins of a nation in real economic peril, is throw together a spending bill whose numbers were pulled directly from the hindquarters of... (Continue reading)

Tagged with: bailouts bank of america banking lobby citibank Deflation deflationary spiral diana olick double dip Douglas Holtz-Eaken economic recovery economic recovery: what washington should have done economic stimulus economy elizabeth warren ezra klein Fannie Mae FDIC FDIC Chair Sheila Bair Federal Reserve Chairman Ben Bernanke foreclosure crisis foreclosures Freddie Mac Goldman Sachs GOP HAMP housing bubble Indymac bank James P. Rubin jamie dimon Jason Furman John Mack john stumpf jpmorgan chase larry summers lloyd blankfein loan modification loan modifications Making Home Affordable Plan mandelman mandelman matters martin andelman Michael Froman mortgage crisis mortgage refinancing obama administration Peter Orszag president obama RNC Robert Rubin Sarah Palin TARP Treasury Secretary Tim Geithner unemployment vikram pandit wall street bankers washington post wells fargo bank

Watch Which Words You Use With Republicans – They Could Take Their Toys and Go Home

Written on 18 Dec, 2010 at 7:52

The Republican's version of the report is said to be a whopping 13 pages long, and is expected to place the blame for the crisis squarely on the shoulders of poor people who wanted to buy houses, and how some... (Continue reading)

Tagged with: banking lobby banks insolvent bill thomas Brooksley E. Born CRA deregulation derivatives Douglas Holtz-Eakin Fannie Mae FDIC FDIC Chair Sheila Bair federal reserve Federal Reserve Chairman Ben Bernanke ferdinand pecora financial crisis Financial Crisis Inquiry Commission FINANCIAL REFORMS foreclosure crisis Freddie Mac housing bubble Huffington Post interconnection Keith Hennessey loan modification mandelman matters naked capitalism Pecora Commission Peter J. Wallison republicans ban words REST Report shadow banking Shahien Nasiripour Treasury Secretary Timothy Geithner wall street Yves Smith

Foreclosure Fraud: Tough Issues With Which to Grapple

Written on 30 Oct, 2010 at 20:37

Just in case any children are reading this, and one never knows about such things, forgery and perjury are never found on the right path to follow when attempting to cover up, flagrant and immeasurable fraud and massive malfeasance, boys... (Continue reading)

Tagged with: ag investigations april charney attorneys general in 50 states bank of america banker fraud credit crisis credit default swaps FDIC Chair Sheila Bair FHA foreclosure affidavits foreclosure defense foreclosure fix foreclosure fraud foreclosure moratorium foreclosures GMAC Goldman Sachs HAMP housing bubble HUD HUD secretary jamie dimon Jim Lehrer jpmorgan chase judicial foreclosure state Lehman Bros. lloyd blankfein loan modifications max gardner merrill lynch MERS midterm elections mortgage assignments mortgage servicers non-judicial foreclosure state NPV test O. Max Gardner III PBS News Hour Professor L. Randall Wray ratings agencies regulatory agencies REMIC trusts robo-signers robosigners shaun donovan short sales TARP Treasury's NPV University of Missouri at Kansas City wall street bankers wells fargo bank

Senate Investigation Says Banks Caused Crisis, Not Borrowers

Written on 22 Apr, 2010 at 13:45

As I've said what feels like a million times in a million different ways... it wasn't the borrowers, it was the banks, and what caused the crisis was that the banks broke the bond market... and it remains broken to... (Continue reading)