mortgages

At the end of last month I proffered three potential explanations for the continued fall in the US savings rate.   The first explanation was that the economy was in a cyclical recovery predicated on asset price inflation and this…

Frederick Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession (McGraw-Hill, 2009). Alan Greenspan's reputation has a whiff of terminal decline after his…

Second Mortgages Vex Borrowers - WSJ.com U.S. Says Regulators Feuded Over WaMu for Years - NYTimes.com Tim Duy's Fed Watch: Stuck in the Middle FT Alphaville - Tracy Alloway - Robbing Pedro to pay Paul (of Greece) … AIG,…

Jim the Realtor gives advice to buyers about what to look for in order to avoid short sale fraud, something he sees as rampant in North County, San Diego where he works as a realtor. (Hat tip Tom Lindmark.) San Diego and LA are seeing…

Why is the US savings rate continuing to fall? Three possibilities: increasing asset prices, debt-related stress, a surge in strategic defaults.

Update 2010-03-31. Note: I discovered the first video at the UMKC blog, where Black posts. Subsequently, I saw all the videos on YouTube where you can rate them and add to the buzz.

Rampant fraud in the mortgage industry has increased so sharply that the FBI warned Friday of an "epidemic" of financial crimes which, if not curtailed, could become "the next S&L crisis." Assistant FBI…

I was reading Dean Baker's commentary on why the Obama mortgage plan brings no relief in the Guardian when it dawned on me that the 'new' plan is an enhancement of the old plan. And this is significant because the old plan turned…

What follows is a more comprehensive re-write of my take on the latest bailout proposals by the Obama Administration. I felt the original write-up was a bit rushed and one-sided. I have tried to outline the objectives of the bailout plans…

Economist's View: One of These Things is Not Like the Others Fed's balance sheet rises to record in latest week | Reuters Columbia Center misses mortgage payment | Seattle Times Newspaper FT Alphaville – Stacy-Marie Ishmael –…