Tag Archives: downward spiral

Have Home Prices Hit An Ominous Low?

There’s a lot of talk in the news media over the past 24 hours over home prices hitting an ominous low. What’s so ominous about lower prices? Can oil prices hit an ominous low? What about movie prices or orange … Continue reading

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Case-Shiller Housing Price Index Expected To Hit New Low

When housing prices went up, many politicians on the left cried about “affordable housing.” They said that the high price of housing meant we needed more government intervention into the housing market. Now housing prices are about to hit record … Continue reading

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Fannie Mae, Freddie Mac Are Unlikely To Be Privatized

Though they have been bailed out to the tune of $140 billion, lawmakers are unlikely to privatize Freddie Mae and Fannie Mac. They underwrite about 90% of conforming home mortgages. You think the housing market is bad now? Well, sales … Continue reading

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Pitfalls To Timeshares

Jack Cummings writes the book Real Estate Finance & Investment Manual: Timeshares are filled with traps that can attract even the smartest of all developers and will then cause them to lose their investment capital property. The reason for this … Continue reading

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Commentary Magazines Examines Mortgage Crisis

Report: By 2007, Fannie and Freddie owned about half of the $12 trillion in outstanding mortgages, an unprecedented concentration of debt—and of risk. Much of the debt was concentrated in the class of sub-prime mortgages that had proliferated after the … Continue reading

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607 Subprime-Related Lawsuits In America

From The Guardian: Lawyers are circling the carrion from the US financial crisis for a steady diet of lawsuits and litigation. Hundreds of lawsuits vying for “class action” status had been filed even before the latest downward spiral in the … Continue reading

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What is the Money Market and Why Does It Freeze?

Source: This whole downward spiral seemed to start with U.S. subprime mortgages. What exactly are they?Subprime mortgages are home loans made to people who would not, under normal circumstances, be ideal candidates to get a mortgage – thus they are … Continue reading

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Will The Bailout Reduce Foreclosures?

Sue McCallister writes: The bailout legislation passed by Congress last week is designed to bring both capital and confidence back to the financial markets. It also contains provisions to help stem the foreclosure crisis, a critical step before the housing … Continue reading

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Even The Rich Feeling The Mortgage Squeeze

From the New York Times: "We thought Westport would have a buffer.” As the housing market’s downward spiral intensifies in Fairfield County, even high-priced shore towns have succumbed. “Fairfield priced itself out of the reach of buyers,” he said. The … Continue reading

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Mortgage Bailouts & You

From the Desert Sun: The housing industry plays a critical role in the nation’s economy. Housing and housing-related services account for about 15 percent of the gross domestic product. As housing goes, so goes the economy. Congress is considering a … Continue reading

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