Posts tagged as:

mortgage crisis

Real Estate Investing

“Doom and Gloom” Media Good For Real Estate Investors

by Rob K. Blake | August 31, 2008

The media reports of late are all “doom and gloom” focusing on foreclosure numbers, price declines, and inventory levels. One might start believing real estate as an investment class is a bad pick and could stay that way for a long time.
Don’t believe it for a second…but before I make my case, [...]

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Commentary

A Walkaway Joe

by Richard Warren | May 5, 2008

In the late 1990s country music star, Trisha Yearwood, had a hit song titled Walkaway Joe. The title of that song would be an apt description of many borrowers today. These people invested in real estate by leveraging themselves as much as possible. Many of them bought homes with little or no money down.
The [...]

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Commentary

Everything Is Getting Better: A Real Estate Fairy Tale

by Charles Feldman | April 30, 2008

I’ve decided to lie to you. At least, I’m being honest about it!

I have grown tired of reporting weekly, it seems, on the ever expanding, contracting global credit market and the resultant deep recession the U.S. currently finds itself on the cusp of.
Americans, perhaps more than people anywhere, love being in denial. We deny we [...]

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Commentary

The Mortgage Crisis and The 08 Presidential Candidates of Change

by Charles Feldman | January 7, 2008

As the never ending presidential debates go on and on and on and on and on and on — and on, it only seems fair to find out what the candidates think about the expanding subprime mortgage/housing/credit/banking/stock market/unemployment/recession crisis (or, SMHCBSMUNRECR, for short) we currently find ourselves in. But, since none of the YouTube [...]

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Mortgages & Lending

The Fed Gets New Glasses: Sees What’s In Front Of It’s Nose

by Charles Feldman | December 12, 2007

Here’s a quote that should make everyone feel better this holiday season. It’s from the chief domestic economist at Morgan Stanley and is in a report to clients as reported by the New York Times.
“A mild recession is now likely, with no growth for the year ahead.”
Great.
And, based on what the Federal Reserve just did–cutting [...]

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Commentary

No Way In Norway – As U.S. Mortgage Crisis Creates Deep Freeze

by Charles Feldman | December 5, 2007

That some in France can’t stand the U.S.–not news!
That many in the Middle East loath the U.S.–not news!
That certain Latin American nations (you know which one!!) suspect the U.S.–not news!
That Norway feels screwed by the U.S.–now THAT is news!
I mean, come on…Norway? Why would Norway be at odds with the U.S.? Fishing rights,perhaps, in [...]

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Commentary

The Dark At The End Of The Tunnel: Subprime Fallout Hits Global Proportions

by Charles Feldman | November 28, 2007

Here’s just a very small sample of headlines from recent days about the economic doom and gloom being caused by the ever deepening mortgage crisis that started in this country but has now reached out its tentacles to squeeze the testicles of just about every European and Asian nation and threatens to plunge the developing [...]

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Commentary

Renters Driven From Foreclosed Homes; While Cars Sales Skid

by Charles Feldman | November 21, 2007

You’d have to be freaking Mary Poppins to be optimistic about the economy and would need a whole lot more than a spoon full of sugar to help the medicine go down: You’d have to swallow all of Cuba’s sugar fields.

And, what is the cause of our economic woes? That’s right. The housing/mortgage/credit crisis which [...]

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Commentary

UFO’s And The Great American Mortgage Disaster

by Charles Feldman | November 14, 2007

Sightings of UFOs, as in Unidentified Flying Objects, are on the rise…so much so that an international panel got together this week in Washington to urge that the U.S. government reopen Project Blue Book which was an Air Force project to investigate UFOs from 1947 to 1969. The panel included some two dozen former pilots [...]

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Commentary

We’re On The Eve Of Destruction: US Mortgage Crisis Ignites

by Charles Feldman | November 7, 2007

“…but you tell me over and over and over again my friend, ah, you don’t believe we’re on the eve of destruction?”
It was back in 1965 when P.F. Sloan’s “Eve of Destruction” was recorded. And, while it was about the Vietnam war, which was gearing up, and the Cold War, which was years away from [...]

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Commentary

Treasury Secretary Awakens From Coma: Finally Realizes Housing Bubble Exists

by Charles Feldman | October 17, 2007

Well,it took long enough.
Henry Paulson Jr. — that would be the U.S. Secretary of the Treasury — admitted that the housing/credit/confidence crush (HCCC for short) is a hell of a lot worse that he ever imagined (clearly the Secretary does not exactly have a fertile imagination!) and, . . . now this is the best [...]

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Commentary

When Lenders Mess Up, Everyone Suffers!

by Jim Watkins | October 5, 2007

The days of the “Fogamir” mortgages are gone. Surely you remember the Fogamir?
“Yes Sir! We can give you a mortgage. If you would just take this application and rather than fill it out, could you breathe heavy onto that reflective square at the bottom?” If it fogged up, you got the mortgage.
It was [...]

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Commentary

How Failures from the Maestro, Alan Greenspan, Lead to the Mortgage Crisis

by Joshua Dorkin | September 14, 2007

According to the man who has been touted as the greatest central banker we’ve ever had, Alan Greenspan revealed yesterday that he dropped the ball during the birth of the Sub-Prime Mess. According to Greenspan in a 60 Minutes interview, “While I was aware a lot of these practices were going on, I had [...]

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Economy

Housing Doom has Arrived! Prepare to Protect Yourself instead of being a Victim of the Financial Crisis.

by Joshua Dorkin | August 13, 2007

According to the Star-Telegram, lenders in Southern California are scooping up foreclosed properties at a rate much faster then they can get rid of these homes. “At some point — maybe this fall, maybe in 2008 — the lenders’ inventories will grow so large that they will have no choice but to cut prices [...]

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