Reached levels analogous to 2007
‘They are missing out on [a big] source of middle-class wealth’
‘Student debt trumps all other consumer debt’
Should investors trust the forecasts coming from an institution with a history of making bad forecasts?
The housing market recovery won’t solve state and local governments’ long-term problems.
The plan would redistribute income from investors to homeowners.
Mortgage finance risk won’t return to the private sector until investors have faith in mortgage-backed securities.
In what has been the biggest housing market collapse since the Great Depression, banks have made a business in collecting and cashing in on foreclosed homes. In a Wells Fargo bank in Charlotte, N.C., “legal process specialists” are expected, if not demanded, to produce ten to eleven affidavit reports a day, reports that bank lenders […]
The housing market remains weak, despite the best winter for home sales in five years
‘We have seen the worst. We are at the bottom.’
US housing market is like a case of good cop/bad cop
The real problem is the government’s overwhelming dominance in the mortgage market.
Our housing finance system is broken and needs to be reformed.