Spreading the truth. Empowering the people.
Americans aren’t seeking mortgages in big numbers despite low borrowing costs and moderating price gains. Mortgage applications fell 3.3% from last week despite mortgage rates that remained low, according to … Read more
BY JOHN RUBINO There are trillions of dollars of bonds in the world with negative yields – a fact with which future historians will find baffling. Until now those negative … Read more
A sizable drop in mortgage interest rates didn’t do much to help home sales in April, as high prices and tight supply at the low end of the market continued … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Where are the foreign investors in this phenomenon? Declining home sales in the US is a phenomenon that baffles the industry, given that mortgage rates have … Read more
Like the mortgage crisis never happened. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. As the UK housing market is facing serious challenges, a high-risk relic of the last … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Industry and government organs in Canada, Australia, the UK, and other places with housing bubbles that are now deflating are trying to hide behind a false … Read more
by howmuch Cash is king in real estate, but the reality is that most home buyers will need to take out a mortgage in order to afford a house. Many … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter There is plenty of supply, but it’s the wrong supply, priced too high. Across the US, hot and cold housing markets all thrown into one bucket: … Read more
via nationalmortgagenews: Independent mortgage bankers lost the largest amount for originating a loan in the fourth quarter since this data has been tracked, as costs rose and volume dropped, according to … Read more
via housingwire: While it appears that the Federal Housing Administration may not be backing mortgages for Deferred Action for Childhood Arrivals recipients, Fannie Mae declared recently that it supports (and will continue to support) mortgages for DACA … Read more
via marketwatch: Cash-out refinancing fallout threatens home prices The 2004-07 bubble era in U.S. housing markets was a time of utter madness. Much has been written about it, but almost nothing … Read more
The subprime crisis taught the world, particularly those in the U.S, the dangers of gambling with real estate. They pushed it to the absolute maximum and it destroyed many people … Read more
by ButtGardener This is a wierd situation and I’m gutted… I really just wanted to post here for some advice. I was in the process of removing my PMI … Read more
by confoundedinterest The Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie were placed into conservatorship with their regulator back in 2008 after housing prices declined and mortgage defaults spiked. But since … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter But deposit-taking banks have pulled back. Lovingly known as “shadow banks,” nonbanks have come to dominate the mortgage market. And they originate the riskiest mortgages. The … Read more
By Robert Ross “Housing prices in the US never go down.” Just about everyone in America believed that in the mid-2000s. A limited amount of buildable land and a growing population … Read more