zerohedge.com / by Rick Sharga, ECP of Auction.com, on LinkedIn.com on 03/05/2015 18:00
We’ve seen this movie before, and if I recall correctly, it didn’t end terribly well.
In fact, we’re still living through the seemingly-endless backlog of delinquent loans and distressed properties that the massive housing boom and bust cycle left us with back […]
wallstreetexaminer.com / by Anthony B. Sanders, Courtesy of Confounded Interest • March 4, 2015
I keep hearing about lenders and the government mortgage purchasers/insurers talking about loosening credit standards and the rebirth of 100 percent LTV lending. Perhaps, but the mortgage market is still singing the same “Subterranean Homesick Blues” as last year at this […]
zerohedge.com / by Tyler Durden on 02/27/2015 20:20
A month ago, we wrote about a bizarre situation involving Denmark’s now totally broken monetary system, where as a result of an unprecedented scramble to weaken the currency in order to preserve the peg to the Euro the central bank unleashed a historic rate-cutting scramble, where in […]
zerohedge.com / by Tyler Durden on 02/24/2015 13:43
As home sales drop and home prices surge, the shifting sands of the housing market are accelerating in a seemingly inequality-expanding manner. As first-time homebuyers struggle to qualify for mortgages in a market that’s shrinking after the housing collapse, Bloomberg reports that lenders are providing more […]
wallstreetexaminer.com / by Anthony B. Sanders, Courtesy of Confounded Interest • February 24, 2015
According to Bloomberg, the jumbo mortgage market is booming while the middle class mortgage market is … dooming?
The number of loans from $1 million to $10 million to buy homes in 100 of the largest metropolitan areas surged to 25,403 […]
theeconomiccollapseblog.com / By Michael Snyder / February 22nd, 2015
Most Americans spend their lives working for others, paying off debts to others and performing tasks that others tell them that they “must” do. These days, we don’t like to think of ourselves as “servants” or “slaves”, but that is what the vast majority of […]
thecommonsenseshow.com / by Dave Hodges / 22 Feb, 2015
“The Only Thing Necessary for the Triumph of Evil is that Good Men Do Nothing”
Our Congress has an all-time low 9% approval rating, and Obama’s overall popularity is in the toilet. It has been 12 years since I declared war upon […]
wallstreetexaminer.com / Courtesy of Confounded Interest / February 19, 2015
Yesterday, I discussed the housing and mortgage “Nirvana” where mortgage purchase applications continues at the same stagnant pace at last year.
Let’s look at excess reserves of depository institutions and outstanding mortgage debt for 1-4 units family residences.
acting-man.com / Ramsey Su / February 18, 2015
On Shaky Ground
Real estate does not crash, it is real estate financing that crashes.
Easy sub-prime mortgages caused real estate prices to artificially appreciate, lack of even-more-sub-than-sub-prime financing caused prices to come back down. Real estate did not crash, the sub-prime mortgage market did. During the […]
zerohedge.com / by Tyler Durden / 02/18/2015 08:47 -0500
Earlier today, we got a hint that hopes that the 5th dead cat “housing rebound” bounce have been indefinitely delayed after Mortgage Applications cratered by over 13% after tumbling 9% in the week before on even the most fractional of 10 Year yield increases. That hope […]
wallstreetexaminer.com / by Anthony B. Sanders, Courtesy of Confounded Interest • February 17, 2015
Homebuilder confidence slid in February to 55 which is still above 50 (implying that more homebuilders are confident than pessimistic). I pointed out on air that new home sales were not recovering.
So why are more homebuilders optimistic than pessimistic? […]
zerohedge.com / by Tyler Durden on 02/17/2015 13:30
Earlier today the NY Fed released its quarterly, household credit report which is really just an Equifax spreadsheet where the links are hard-coded. We know this because about 8 months ago, the NY Fed intern (since seasonally-adjusted into pink-slip territory), released a #Reffing! spreadsheet that didn’t […]
investmentresearchdynamics.com / By David Kranzler / Feb 16, 2015
I’ve never got a bigger return for the value. Paid $25 for the report, $4k invested in puts and closed today for $3.2k of profits. – Reader testimonial
I’ve updated a homebuilder report that I originally published in early December. The Company released its latest […]
wallstreetexaminer.com / by Anthony B. Sanders, Courtesy of Confounded Interest • February 11, 2015
The mortgage market (and middle class) are stuck in the NEW Dust Bowl with stagnant wage growth and stagnant mortgage purchase applications.
Mortgage applications decreased 9.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly […]
thecommonsenseshow.com / by Dave Hodges / February 11, 2015
The move to confiscate all privately held wealth in the United States is well underway. In the past few years, we have experienced bail-outs, planned bail-ins, Treasury Secretary Jack Lew is positioning to confiscate all 401k’s and pensions and now the MERS mortgage fraud is accelerating […]
wallstreetexaminer.com / by Anthony B. Sanders, Courtesy of Confounded Interest • February 9, 2015
The US residential mortgage market reminds me of something out of the Shakespeare play MacBeth.
Double, double toil and trouble; Fire burn, and caldron assets bubble.
Housing is getting unaffordable again, in part thanks to The Federal Reserve’s quantitative easing programs. […]
goldmoney.com / By Alasdair Macleod / 06 February 2015
Today’s obvious mispricing of sovereign bonds is a bonanza for spending politicians and allows over-leveraged banks to build up their capital. This mispricing has gone so far that negative interest rates have become common: in Denmark, where the central bank persists in holding the krona peg […]
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / THURSDAY, FEBRUARY 05, 2015
The era of living off borrowed money is over in Greece, and the Greek people now have a choice.
Almost four years ago I wrote Greece, Please Do The Right Thing: Default Now (June 1, 2011). Default remains the only real way forward for […]
wallstreetexaminer.com / by Anthony B. Sanders, Courtesy of Confounded Interest • February 4, 2015
This is indeed a slow mortgage application recovery.
Mortgage applications increased 1.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 30, 2015.
The NON seasonally […]
Narayana Kocherlakota, President of the Minneapolis Fed
wallstreetonparade.com / By Pam Martens and Russ Martens: February 4, 2015
The monetary policy arm of the U.S. central bank, the Federal Open Market Committee (FOMC), is getting hammered this week. On Monday, two researchers at the Federal Reserve Bank of San Francisco chastised the FOMC for […]