Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter But no blood in the streets. Just a rate-hike cycle at work. Today the US Treasury 10-year yield broke out of its recent range and surged 8 basis points to 3.08% at the close, the highest …
From Birch Gold Group As the “Big Correction” continues, there are going to be a couple of big lessons to learn from when it comes to the U.S. economy… One of them will be what happens when you use solutions like …
From CNN Money: General Electric is still haunted by its disastrous adventure in subprime mortgage lending more than a decade ago. GE shut down WMC, its mortgage business, in 2007 after the market for lending to risky borrowers collapsed. But the …
https://www.youtube.com/watch?v=dP4IEDF5UgM So Yeah Freddie Mac The Same Corrupt Government Slush Fund That Caused The Great Recession Of 2008 Is Now 10 Years Later Doing The Same Thing Exact ThingThat Caused The Largest Recession / Depression Since The Great Depression 1929 …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The average interest rate for 30-year fixed-rate mortgages with conforming loan balances – $453,000 or less – and a 20% down-payment jumped to 4.73% for the week ending April 20, from 4.66% in the prior week, …
from Financial Survival Network Debbie Bloyd joins the program… The Senate passed a bill on Wednesday that aims to ease banking regulations, potentially making it easier for consumers to get a mortgage from a community bank or credit union. With some bipartisan …
by John Rubino Record student loan balances? Check. Trillion dollar credit card debt? Check. Six tech stocks dominating the Nasdaq? Check. Subprime auto loans at record levels? Check. All that’s missing is subprime mortgages and we’d have every bubble base …
Negotiating with a mortgage lender can be very tricky, especially if you’re applying for the first time. However, it doesn’t mean that it’s impossible to get your mortgage approved. Here are some ways you could do to make sure you …
The Big Six Banks’ out-of-control “Mobile Mortgage Specialists” on commission. By Stephen Punwasi, Better Dwelling: Bank executives are all of a sudden very vocal about foreign buyers. Strange timing, since a branch of the Government of Canada quietly dropped a report …
by Doug French of The Mises Institute Every 10 years or so there is a banking crisis. We are due. However, the furthest thing from most people’s minds with the Trump boom is a banking/financial crisis, except for a few folks at …
Mortgage Debt Outstanding Surpasses 2008 Peak The quality of the corporate debt market has deteriorated substantially since the financial crisis Before Campbell Soup sold $5bn of debt this month to fund its purchase of US snack-food maker Snyder’s-Lance, its …
https://www.youtube.com/watch?v=P8PshOYXBHY Maybe, but they’re probably using US taxpayer money… LO
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Surging home prices have primed the housing market for this. The average interest rate for 30-year fixed-rate mortgages with a 20% down-payment and with conforming loan balances ($453,100 or less) that qualify for backing by Fannie …
via Bill McBride Last year on Presidents’ Day, I excerpted from a post I wrote in February 2005 (yes, 13 years ago). In that 2005 post, I included a graph of household mortgage debt as a percent of GDP. Several readers …
by Anthony B Sanders US Real GDP seems to be booming (see yesterday’s Atlanta Fed GDPNow Report for 4.2% growth) while The Fed continues to raise their target rate and unwinding its $4.4 trillion balance sheet. The result? The US …
by Anthony B Sanders Freddie Mac’s 30 year committment rate keeps rising and … The Federal Reserve has an 88.7% probability of raising rates AGAIN in March. (Mortgage Orb) Mortgage rates increased significantly during the week ended Jan. 25, with …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Oops, they’re already rising. The US government bond market has further soured this week, with Treasuries selling off across the spectrum. When bond prices fall, yields rise. For example, the two-year Treasury yield rose to 2.06% …
Life insurance is a necessity that can provide individuals with valuable peace of mind. This point is especially true for homeowners, as they take on special financial responsibilities when they secure a mortgage and purchase a house. Without the guarantee …
by Thinker In May of this year,the story was told in a different manner than what it’s being reported today. NEW YORK, May 19 (Reuters) – J.G. Wentworth, a specialty finance company that buys structured settlements and annuities, filed for …
DC Foreclosure Activity Increases 60 Percent From Year Ago, Bucking U.S. Trend; Q2 Foreclosure Activity Below Pre-Recession Levels in 49 Percent of Metros IRVINE, Calif., July 20, 2017 /PRNewswire/ — ATTOM Data Solutions, curator of the nation’s largest multi-sourced property database, today released …
https://www.youtube.com/watch?v=YiXKBSGHSB0 Some U.S. real estate markets have bounced back strongly since the Great Recession while others have languished. All told, “the recovery is spotty at best.” Now, two new developments are adding risk to the mortgage market. https://www.youtube.com/watch?v=EiFtoy4_uv0 Retail ETF …
by John Rubino This cycle’s main bubble is in government bonds and fiat currencies, with a dash of large-cap tech thrown in for variety. But like a hurricane spawning tornadoes at its periphery, this Money Bubble is creating secondary …
by Robert Carbery Due to the federal government’s own reckless housing policies in the run-up to the financial breakdown in 2008, the world economy came crashing down. The seeds of the crisis were planted during Bill Clinton’s administration when …
Now we know why the US Senate has refused to confirm Dr. Ben Carson @ HUD. Obama diverted money from low-income housing to keep Obamacare alive. This could cause another mortgage meltdown….mortgage backed securities are not backed by anything or …
by Bob Stokes https://youtu.be/TB-VIvx0q2w [Editor’s Note: The text version of the story is below.] The convergence of the internet, faster computers and a rip-roaring bull market gave rise to the 1990s stock market day-trading phenomenon. It was all about the …
You’ve finally made it. After what seems like an eternity of getting up early and commuting to work, you are finally retired. Besides figuring out what you are going to do with all of your free time. Another question you …