Image by Getty Images via Daylife Home Affordable Gets a Solution for Second Mortgages Okay, first off if you don't currently read Mike Shedlock (aka Mish's Global Economic Trend Analysis) immediately do so now (Mish's RSS) and return. He seems to be one of the few not running a blind-sheep commentary on how the government (all parties included) are running this economic recovery. Here are his thoughts on the latest "tinkering" with the Home Affordable program--incentives for the writing down of … [Read more...]
Looking for Mortgage Recovery and Attacking Mortgage Fraud
April 28, 2009 By 2 Comments
Image via Wikipedia Looking for Anything that Says Real Estate Recovery Home price deceleration leads the front-page real estate and mortgage news. "While the declines in residential real estate continued into February, we witnessed some deceleration in the rate of decline in some of the markets," said David M. Blitzer, chairman of S&P's index committee. Still, 10 of the 20 metro areas reported record year-over-year declines. As of February, the 10-city index is down 32% from its mid-2006 peak … [Read more...]
Shifts in Mortgage Banking? Hyper-Inflation and Federal v. State Banking Powers
April 27, 2009 By Leave a Comment
Image via Wikipedia Federal Reserve and Hyper-Inflation Andy Kessler asks a very important question: How do you "Put the Toothpaste Back in the Tube?" Kessler begins thinking about how the Federal Reserve might go about heading off inflation as the economy begins to recover: But how? Doing the opposite of what it is doing now. By raising interest rates. By sopping up dollars by not only selling Treasuries, but also selling all those mortgage-backed securities and other toxic stuff bought from Bear … [Read more...]
