mortgages

by John Lounsbury Buried 72 pages deep in the latest COP (Congressional Oversight Panel) Report is the following table: (Click on table for larger image.) The significance of this table is explained in the report: The…

Fed Governor Elizabeth Duke predicts at least two more years of foreclosures at current rates and gives specific details about exposures of the current crisis.

I found this video by David Fry with Janet Tavakoli as guest very enlightening. Tavakoli takes the same view that I have regarding how fraud is toxic for any banking system and must be rooted out. However, her most compelling statement had…

Over the past several years, Bryan Bly, Crystal Moore and Dhurata Doko have signed thousands of mortgage assignments as vice presidents of Citi Residential and other major lenders. Yet when asked in a recent deposition what a…

Price declines have the strongest effect on foreclosure rates; unemployment is secondary. The foreclosure document mess is temporarily slowing foreclosures.

Here are Andrew Ross Sorkin and Joe Nocera of the New York Times having a video debate about the foreclosure crisis.  Nocera thinks this is a key economic issue. Sorkin thinks the issue is overblown. My take: For political reasons,…

William K. Black is an Associate Professor of Economics and Law at the University of Missouri-Kansas City. He is a white-collar criminologist and was a senior financial regulator. He is the author of The Best Way to Rob a Bank is to Own…

William K. Black is an Associate Professor of Economics and Law at the University of Missouri-Kansas City. He is a white-collar criminologist and was a senior financial regulator. He is the author of The Best Way to Rob a Bank is to Own…

Lender Processing Services releases a monthly data set which gives a better view into how the mortgage market is doing overall. I have taken a look at the most recent publication and have a few charts to share with you below on the data…

by John Lounsbury It may not be South Florida, but there are condo problems in Raleigh, NC too.  Sunday 32 condo units were auctioned off at an average price of $210 per square foot in the West condo unit in a downtown entertainment…