Housing

This bankruptcy attorney in the video below says he has been fighting the robo-signing issue since 2007. He also shows how the signature of certain robo-signers is "comically" different from one document to the next, indicating…

In the wake of Felix Salmon's investigative reporting on how mortgage backed securities were put together with problematic loans, an increasing amount of focus has turned to the banks' liability to investors. In the video below, Josh Rosner…

by L. Randall Wray, Professor of Economics at the University of Missouri-Kansas City, Research Director with the Center for Full Employment and Price Stability and Senior Research Scholar at The Levy Economics Institute. We have long known…

Topic of the Day: Foreclosures Michael Hudson: Boiler Rooms and Foreclosure Mills: A Brief History of America's Mortgage Industry A “Gate” Worthy of the Name—”ForeclosureGate” : CJR Also see: Xenophobia in Europe Extreme…

This is probably the best dub of this scene I have seen yet. Hat tip Scott

About 30% of home sales are distressed properties. Closings and future purchase contracts on distressed properties may not take place while a foreclosure moratorium is in effect to sort out title and foreclosure issues with recent vintage…

I haven't been writing about the foreclosure documentation crisis because I have been more focused on the 'currency war'. But I want to flag  three posts I wrote about this time last year on the mortgage and securitization market…

Topic of the day: Foreclosure Mills Ezra Klein - 'This is the biggest fraud in the history of the capital markets' Foreclosure Fraud For Dummies, 1: The Chains and the Stakes « Rortybomb Why TARP was wrong, Arnold Kling | EconLog |…

Mortgage applications increased last week for both refinancing and for purchase. The MBA (Mortgage Bankers Association) reported today that the application activity amounted to a "flurry" that might have been prompted by a tightening of…

While demand for housing is near an all-time low for the post World War II era, the demand for new houses is at an all-time low approximately half of the previous lows, when adjusted for population growth.