Posts tagged as:

subprime

Commentary

Fed Research Sheds Light On Reluctance Of Subprime Lenders To Modify Loans

by Rob K. Blake | January 17, 2009

I came across a research paper published by the Boston Federal Reserve Bank where the researchers looked into among other things a mathematical formula that demonstrates subprime lender have little financial motivation to modify mortgages facing default.
This research I thought was interesting because I am caught between wanting the government or the lenders to “help” [...]

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Real Estate

How Speculators (Investors?) Dominate Real Estate Sales, and May be Blamed for Further Crashes

by Joshua Dorkin | January 7, 2009

According to to Bloomberg:
As the U.S. housing recession enters its fourth year, there’s no sign of a recovery because speculators account for most of the rise in sales.
While the purchases are trimming the inventory of unsold properties, most of those bought by speculators will likely return to the market when prices rise again, hampering any [...]

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Real Estate

Real Estate / Financial Crisis Turns Deadly; Crisis-Related Suicides Expected To Rise

by Charles Feldman | January 7, 2009

The subprime mortgage turned banking turned credit crisis has morphed, as expected, into a killer.
They may not be jumping out of Wall Street windows as some reportedly did after the 1929 crash, but they are walking in front of trains in Germany and slitting their wrists with box cutters in New York.
Of course, this current [...]

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Commentary

IndyMac Bought for $13.9 Billion – A Fishy Deal If You Ask Me!

by Rob K. Blake | January 3, 2009

The FDIC announced late today the sale of the remaining assets of the failed thrift, IndyMac, to a private consortium for $13.9 Billion. Dune Capital Management, J.C. Flowers & Co., and Paulson & Co. spear headed the buy in search of a rehabilitated servicing portfolio Sheila Blair reworked with her aggressive loan modification strategy.
This [...]

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Commentary

Santa Plunges In Real Estate Debacle; Bailout for Claus? No Way Says Congress

by Charles Feldman | December 16, 2008

Santa Near Starvation! A Christmas Story

Last week, we reported on the shocking news that Santa Claus was facing foreclosure and would be forced from his North Pole residence for points unknown unless he secured a government bailout package that would keep him going till at least next Christmas.
We regret to inform you that shortly after [...]

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BiggerPockets News

In Case You Missed It: Dick and Rich – A Real Estate Success Story

by Joshua Dorkin | December 14, 2008

We created the following video this past spring, but thought it was worth sharing once again, since it has re-emerged into the collective consciousness thanks to our friend Joseph at Sellsius. Enjoy!

How Does a Dick Become Rich?

Please make sure to share this with all of your friends! Blog about it or just spread the [...]

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Foreclosures

Santa Faces Foreclosure; Victim Of Subprime Debacle; Seeks Christmas Government Bailout

by Charles Feldman | December 10, 2008

Ho! Ho! Ho! boys and girls (and real estate investors) — it’s that time of year again–Christmas –when the holiday spirit is in the air. Jingle those bells! You know you want to. But, there is a slight problem this Yule time season (well, okay, a big problem) that just may dampen your good cheer. [...]

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Commentary

The Latest Dynamic Duo Disaster In The Making

by Rob K. Blake | December 6, 2008

I call the Bernanke – Paulson twosome the Dynamic Duo because what they devise to solve our financial crisis is no more ridiculous than the far-fetched ways Batman and Robin used to escape sure death in the campy TV show. Unlike the TV show, I’ve stopped rooting for this financially bungling Dynamic Duo to [...]

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Commentary

Massive New Bailout For Real Estate—Or Is It Really For Banks?

by Charles Feldman | November 26, 2008

It is actually getting hard keeping track of just how much money the government’s various bailout initiatives add up to. An Associated Press report says “total bailout commitments, loans and pledges of backing neared a staggering $7 trillion.”
Of course, much of this is “money” that may never get spent, or will be returned to [...]

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Commentary

Commentary: How to Really Handle the Foreclosure Problem

by Tom Koziol | July 25, 2008

Last week I opened my big mouth and said I’d present another solution to the foreclosure problem we are facing today. Before I do, I happened across this law:
“every insolvency of a bank shall be deemed fraudulent, and the president and directors shall be severally punished by imprisonment and labor in the penitentiary . . [...]

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Commentary

The Neediest Get Hurt The Most In Mortgage Crisis

by Charles Feldman | July 23, 2008

Here are some mighty strong words: “The subprime lending debacle has caused the greatest loss of wealth to people of color in modern U.S. history.” That is the conclusion of the lead author of a new report by United for a Fair Economy, Amaad Rivera, as quoted in an excellent article in [...]

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Economy

FEDS BAIL OUT FANNIE AND FREDDIE; EMERGENCY MEASURES TAKEN

by Charles Feldman | July 13, 2008

In a clear sign the federal government is far more concerned about the financial health of mortgage finance giants Fannie Mae and Freddie Mac than its public comments indicated as late as Friday, the U.S. government Sunday night announced what some are calling a “massive aid” package to the two shareholder owned and run companies [...]

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Financing Real Estate

Are Mortgage Brokers An Endangered Species?

by Rob K. Blake | July 13, 2008

By all accounts it seems the banking lobby will get everything they’ve been ask for from Congress over the past decade and in do so may legislate mortgage brokers out of existence.
A little history lesson is in order to understand all the political and media spin designed to sway their and public opinion away from [...]

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Credit

BREAKING: IndyMac Bank is Shut Down and Taken Over by Feds

by Joshua Dorkin | July 11, 2008

INDYMAC IS OFFICALLY CLOSED!!!
In the past minutes newswires around the country and world are now reporting that the Federal Government has shut down IndyMac Bank and has handed it to the FDIC (Federal Deposit Insurance Corp.) as conservator.
Couple the shut down with the Fannie Mae/Freddie Mac troubles, and we’re in for some really rocky waters [...]

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Commentary

The Sky is Falling . . . We’re Watching and We’re Not Going to Do Anything About It

by Tom Koziol | July 3, 2008

In a previous post I had mentioned I belonged to USAA. For anyone who doesn’t know, USAA is an insurance company founded by Air Force personnel back in the days when military members found it almost impossible to get insurance.
As it turns out, I had saved an article from their USAA MAGAZINE, Spring 2007, issue. [...]

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