If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Huffington Post - The Obama Economic Team’s Flawed Cosmology: Still Believing the Universe Revolves Around the Banks
Whistle Blower - Ameridream and Nehemiah Lobbied to Stop 100% Financing
Mortgage Insider - Irvine loan-aid company targeted in government crackdown
Deal Journal - The History of Mike Mayo [...]
Ever since Fannie and Freddie were taken over by Uncle Sam, both consumers and politicians alike have been wondering what exactly the future holds for the two firms. Certainly from a pragmatic perspective they’ll be eventually released back into the wild once they’re “stable” enough for the task, but what will their functionality be? Will [...]
Money And Markets - Financial Terrorism and You
Huffington Post - In for a Penny, In for $2.98 Trillion
MISH’S Global Economic Trend Analysis - Commercial Real Estate Limbo; Lenders Ignore Defaults
Housing Doom - Lenders Refusing “Solid Offers”
Dr. Housing Bubble - Leveraging the Future for a Short-Term Fix. FHA and GSE New Subprime Loan Breeding Ground: The Resurrection of Bad Ideas. [...]
Infectious Greed - Simon Johnson: The Triumph of the Banking Oligarchs
The Mortgage Porter - FHA Appraisals Tougher starting April 1st – No Foolin’
Huffington Post - “South Park” Explains The Bailouts (VIDEO)
The Big Picture - Hybrid of Risky Mortgages and a Ponzi Scheme
L.A. Land - Online town hall references refi lifeline
Mortgage Insider - Early defaults rise on FHA loans
Mish’s Global Economic Trend Analysis - Bonus Bonanza Bingo, a Blessing In Disguise
The Big Picture - Did Naked Shorting Do Lehman In?
Today’s Business Press - Fed’s License To Print Money
Naked Capitalism - On the Fed’s “Shock and Awe”
Calculated Risk - KCET: The Trashout Squad
The Big Picture - Implode-o-Meter Rolls Out Campaign Against “FHA Subprime”
Mortgage Insider - U.S. doesn’t need to seize banks, Fed chief says
Huffington Post - The Hottest Recession-Proof Jobs
Financial Times - Bernanke calms nationalisation fears
Mortgage Lender Implode-O-Meter - Subtly Misleading LA Times Article Distorts In Favor of Seller-Funded Downpayment Programs
Huffington Post - Creep of the Week — John A. Thain
Huffington Post - America’s Most Stimulated
Calculated Risk - U.S. Considers Mortgage Subsidies for Some Homeowners
Mortgage Insider - Struggling homeowners get religion
The Big Picture - Greenspan: Blame the Rating Agencies
Huffington Post - Time: 25 People To Blame [...]
Our Friends over at the Mortgage Lender Implode-O-Meter have issed a statement regarding the fishy-smelling goings-on regarding the uncertain future of FHA seller-funded downpayment assistance. Here’s a bit of their press release for a synopsis on the problem:
The SFDPA practice was completely banned by the July 2008 housing bill, [...]
I wrote a year ago about the site, Mortgage Lender Implode-O-Meter, being sued by a mortgage company for damages allegedly tied to the company’s listing on the site’s imploded lender list. The claims were fanciful, with the lender claiming that their bank accounts had been drained by institutional warehouse lenders and other sorts of malarky [...]
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