The Borrower Bailout Fallacy: Why PIMCO’s Bill Gross is Flat-Out Wrong
Quite often, policy-makers must trade one off against another. But if a proposal gives you neither more equity nor improved efficiency, that suggests you should go back to the drawing board. Gross’s idea fails both tests. Gross says, without any proof, that a 10% fall in housing prices would tank the economy and wipe out household nest eggs.
RealtyTrac’s Sharga: Banks still holding 70% of REO from market REO Properties | Bank Owned Properties | BiggerPockets – BiggerPockets' reo directory locates bank owned reo Properties, through listings of foreclosed and REO properties, often before they hit the mass market.Clear Capital: Price recovery in most housing markets will slow down Zillow launches new Premier Agent App for mobile devices · Zillow is testing a mobile app that enables users to tour a house for sale without the need for agent or an appointment. The app puts the control in the hands of the potential home buyer and it. · THE ENIGMA OF CAPITAL AND THE CRISIS THIS TIME (paper prepared for the American Sociological Association Meetings in Atlanta, August 16th, 2010) David Harvey There are many explanations for the crisis of capital that began in 2007. But the one thing missing is an understanding of “systemic risks.” I was alerted to this when Her [.]
The borrower bailout fallacy: Why PIMCO’s Bill Gross is Flat-Out Wrong RealtyTrac’s Sharga: Banks still holding 70% of REO from market NY regulator freezes ocwen-wells fargo .7b MSR deal Sponsor Content Just three days ago, Ocwen closed at $23.04, receiving a bump on rumors that New York Department of Financial Services.
It’s like a financial Hurricane Katrina. Our most vulnerable citizens — the nation’s poorest borrowers including single moms, first-time homeowners, lower-income and minority families — have been.
Private capital filling in where banks won’t tread · A bank draft or banker’s draft is a check that it guaranteed by the bank that issues it. In most cases, it lists the bank’s main office or branch as the issuer, and the person or company that is receiving the money as the payee; the name of the person who requested the draft is often not included.
Here’s another one not to be too alarmed about: Obama is flat-out wrong when he frets on his campaign Web site that "the personal savings rate is now the lowest it’s been since the Great Depression." The latest rate, for the second quarter of 2008, is 2.6 percent — higher than the 1.9 percent rate that prevailed in the last quarter of Bill.
Home prices rise in 3Q, but Zillow forecasts sawtoothed recovery Home prices rise in 3Q, but Zillow forecasts sawtoothed recovery – Looking ahead, the Zillow Home Value Forecast shows U.S. home values will increase 1.7% over the next year, and that 183 of the 252 markets covered by the forecast have hit a bottom.
Other branches of the government can!! They can orchestrate bailouts and wave a magic wand with your and mine tax dollars to erase bad credit that was made. That is why the cut in the discount window couple of weeks ago I thought meant jack squat in the big picture. It helped ease the liquidity crises but it took none of the toxic debt out.
Goldman Sachs misses on expectations with $6.86B in 3Q So while per-share profit beat expectations, revenue disappointed. it is typically better to step aside and wait to see an improvement. Goldman Sachs initiated Mallinckrodt at a Buy less than two.
Shadow Inventory of Homes to Take Nearly 3 Years to Clear: S&P Supplies of starter homes shrinking – May. 11, 2010 – In March, there were nearly 2% fewer homes on the market than there were a year ago, and 21.7% fewer than the record of 4.6 million in July 2008. In some areas, supplies are even bidding-war tight.
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