mortgage


Housing Crash?: U.S. Existing Home Sales Fall By The Most In Six Years

By Michael Snyder End Of The American Dream March 23, 2016 Housing Crash?: U.S. Existing Home Sales Fall By The Most In Six Years     We just got more evidence that a major economic slowdown is underway here in the United States.  Existing home sales were down a whopping 7.1 percent during the month […]

Housing Crash?: U.S. Existing Home Sales Fall By The Most In Six Years

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Mortgage Shenanigans Returning

By Paul-Martin Foss Carl Menger Center March 4, 2016   Mortgage Shenanigans Returning     In another ominous sign of a returning housing bubble, Bank of America is introducing a new mortgage that requires only a three percent down payment. The reason for doing so is to get around Federal Housing Administration (FHA) backing for […]


The Subprime Auto Loan Meltdown Is Here

By Michael Snyder Economic Collapse Blog February 25, 2016   The Subprime Auto Loan Meltdown Is Here     Uh oh – here we go again.  Do you remember the subprime mortgage meltdown during the last financial crisis?  Well, now a similar thing is happening with auto loans.  The auto industry has been doing better […]

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(Image courtesy of Michael Galkovsky/Flickr,CC)

A True American Crony

By Bill Bonner Bonner & Partners September 24, 2015   A True American Crony     PARIS – Volkswagen CEO “falls on his sword,” reports the Financial Times. The FT was speaking metaphorically, of course. Martin Winterkorn is German, after all, not Japanese. A Japanese businessman in a similar circumstance would have his intestines on […]


‘Why I can’t get a mortgage’ (From economist and pundit Stephen Moore)

By Against Crony Capitalism August 24, 2015   ‘Why I can’t get a mortgage’ (From economist and pundit Stephen Moore)     25% down. “Below average credit”, but which is below average because of $300 in unpaid parking tickets. Additionally Moore is a famous economist who could never walk away from a property. And he […]

Image: Jack Miller Center

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The True Cost of the Homeownership Obsession

By Ryan McMaken Mises.org January 19, 2015   The True Cost of the Homeownership Obsession   In 2014, the US homeownership rate fell below 65 percent, which means it’s back to where it was during the 1970s and much of the 1990s. Various federal agencies have long made homeownership a priority, and have introduced a […]


(To be clear, there’s no way I’d ever call Hillary Clinton a liar) Hillary Doubles Down on Being Broke: ‘We Couldn’t Even Get a Mortgage on a House by Ourselves’

Source: http://www.againstcronycapitalism.org By Nick Sorrentino (To be clear, there’s no way I’d ever call Hillary Clinton a liar) Hillary Doubles Down on Being Broke: ‘We Couldn’t Even Get a Mortgage on a House by Ourselves’   OK, I think there are any number of reasons why Ms. Clinton should not be considered for the presidency. […]

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New House Bill Wipes Mortgage Fraud Clean For Banksters 1

Source: http://www.occupycorporatism.com By Susanne Posel Occupy Corporatism New House Bill Wipes Mortgage Fraud Clean For Banksters   The House Financial Services Committee (HFSC), headed by chair Jeb Hensarling, has approved proposed bill entitled, “Protecting American Taxpayers and Homeowners Act” (PATH) that is being sold to the American public as a way “to create a sustainable […]


Federal Prosecutors Sue Bank of America Over Mortgage Program 1

Source: http://www.infowars.com By Ben Protess NY Times Federal prosecutors in New York sued Bank of America on Wednesday, accusing it of carrying out a mortgage scheme that defrauded the government during the depths of the financial crisis. In a civil complaint that seeks to collect $1 billion from the bank, the Justice Department took aim […]


Fed looks set to ease fairly soon barring swift rebound

Source: http://www.reuters.com By Pedro da Costa and Alister Bull (Reuters) – The Federal Reserve is likely to deliver another round of monetary stimulus “fairly soon” unless the economy improves considerably, minutes from the U.S. central bank’s latest meeting suggested. While the July 31-August 1 meeting occurred before some encouraging economic data, including a stronger-than-expected rise […]


Iceland Forgives Mortgage Debt for the Population 1

Source: http://sherriequestioningall.blogspot.com Iceland Forgives Mortgage Debt for the Population. Putting Bankers and Politicians on “Bench of Accused” This is awesome. It shows when the people DO STAND UP they have more power and win against the corrupt bankers and politicians of a country. Iceland is forgiving and erasing the mortgage debt of the population. They […]


Is Rick Santorum A Mortgage Fraudster?

Source: http://www.mfi-miami.com By Steve Dibert Sweetheart Mortgage Deals and Mortgage Assignments Don’t Add Up. Bobbi Bowman and Zandy Dudiak, Patch.com A search of land records for the $2 million Great Falls, VA, home of Republican presidential candidate and former Pennsylvania Senator Richard Santorum turns up a series of mortgages that at times equaled and exceeded the sales price of […]


Debt Slavery: 30 Facts About Debt In America That Will Blow Your Mind

Source: http://endoftheamericandream.com When most people think about America’s debt problem, they think of the debt of the federal government.  But that is only part of the story.  The sad truth is that debt slavery has become a way of life for tens of millions of American families.  Over the past several decades, most Americans have […]