A formal criminal probe has been opened by the Federal Bureau of Investigation into New York Attorney General Letitia James, an infamous adversary of the president, setting up a federal-state showdown with profound constitutional and political consequences…
About The New “Affordable Housing” Fees on Mortgages that Punish High Credit Borrowers…
Stop looking at the Washington DC Potemkin village; start looking at the financial system behind it that controls it…
Three in Four Millennials Are More Than $100,000 in Debt: Report…
Millennials on average spend nearly half of their monthly income, 47%, on housing alone…
China’s Mortgage Boycott Crisis Is Growing, As the Government Looks for Solution…
The crisis in China over middle-class homeowners refusing to pay mortgages for properties that developers have failed to deliver has now spread over 301 development projects in about 91 cities. As homeowners accuse developers of failing to deliver apartments they paid for, the total value of the mortgages affected has surged to an estimated 2 trillion yuan, or US$297 billion…
Here’s the Real Reason Why U.S. Home Prices Haven’t Been Smashed…
In a recent column, I focused on five key factors which indicate that housing markets may be topping out. Yet one other important factor may be the main reason why housing prices have not already deflated. Investors have always played an important role in housing markets. I have written extensively about the crazy bubble years […]
Wells Fargo Is Now Accused of Making Improper Changes to Mortgages…
Even as Wells Fargo was reeling from a major scandal in its consumer bank last year, officials in the company’s mortgage business were putting through unauthorized changes to home loans held by customers in bankruptcy, a new class action and other lawsuits contend. The changes, which surprised the customers, typically lowered their monthly loan payments, […]