subprime mortgage
Economy by Steve Heideman | November 20, 2008The scuttlebutt amongst conservatives since the beginning of the subprime mortgage mess has been that the Community Reinvestment Act (conveniently expanded during the Clinton years) was the source of the troubles in the capital markets. Being a housing economist with a fiscally conservative disposition (although not a registered republican or democrat) I always found this [...]
Real Estate News by Charles Feldman | March 7, 2008The economy is sinking faster than a mafia hitman wearing cement shoes in water; and, the mortgage/housing crisis is clearly to blame. Wall Street was apparently totally shocked today when the Labor Department reported that 63, 000 nonfarm jobs were lost last month….As Reuters points out, the problem is that Wall Street experts had expected [...]
Foreclosures by Charles Feldman | January 30, 2008[tag]Foreclosures[/tag] are up 79 percent! Now that’s something. And that is exactly how much the foreclosure rate in this country increased by in 2007 from the year before. The latest figures from RealtyTrac paint an even darker picture for the near future: apparently lots of folks just began falling behind on [tag]mortgage[/tag] payments since November, [...]
Commentary by Charles Feldman | January 16, 2008It is amazing how what started out as a [tag]subprime mortgage crisis[/tag] has morphed into such an enormous [tag]economic mess[/tag] around the world. On Tuesday alone, the three major U.S. stock indexes went south by more than 2 percent. [tag]Citicorp[/tag], the nation’s largest bank, had to write down $18.1 Billion for loses—loses stemming from the [...]
Commentary by Charles Feldman | January 15, 2008If anyone has any doubt…and they shouldn’t…that the [tag]subprime mortgage[/tag] debacle (sort of running out of ways to describe this…any suggestions?) is having an enormous impact on not only the world of [tag]real estate[/tag], but the world in general, they need to consider this sobering fact: [tag]Citigroup[/tag]
Commentary by Charles Feldman | January 9, 2008Will wonders never cease? First, Hillary Clinton proves the media wrong and wins the New Hampshire presidential primary with a comfortable number of votes just 24 hours after some polls said she would lose by as much as 15 percent. And now, George W. Bush has finally come to recognize what most of the world [...]
Mortgages & Lending by Charles Feldman | December 26, 2007This is a story–don’t worry, it will be a short story–about how the current subprime mortgage/credit crisis has actually shot down an entire airline and how this may just be the canary in the coal mine. The all-business class airline, Maxjet Airways, based in Dulles, gave an extraordinary Christmas gift to its loyal customers: It [...]
Copyright © 2004-2012 BiggerPockets, Inc. All Rights Reserved.
BiggerPockets® is a registered trademark of BiggerPockets, Inc.
Joshua DorkinMarty Boardman
Jeff Brown
Chris Clothier
Ken Corsini
Peter Giardini
Jason HansonKevin Kaczmarek
Douglas Lazovick
Jeff Logue
Sharon Vornholt
Richard WarrenMelissa Zavala
Michael Zuber
Weak Retail Sales As Mortgage Crisis Puts Freeze On Consumers
by Charles Feldman | January 16, 2008It is amazing how what started out as a [tag]subprime mortgage crisis[/tag] has morphed into such an enormous [tag]economic mess[/tag] around the world. On Tuesday alone, the three major U.S. stock indexes went south by more than 2 percent. [tag]Citicorp[/tag], the nation’s largest bank, had to write down $18.1 Billion for loses—loses stemming from the [...]