Have you ever heard someone in the mortgage industry use a bunch of terms that you didn't know? We're here to help. Here are some common terms used in the industry to help educate you.
Posted on April 26, 2010 by
CA Hagy
Articles by tag - housing bubble
Former Federal Reserve Chairman Allan Greenspan has just published a paper which serves as a defense of his economic stewardship during the bubble years. The thesis of the paper is that a global savings glut, not a low Federal Funds rate led to the housing boom and its subsequent bust. In addition, lax regulation allowed banks to take on risk that they couldn't support.
Posted on March 19, 2010 by
Sam Cass
The WSJ is reporting this morning that the Feds and several large mortgage lenders are close to an agreement that will freeze the introductory rate on certain types of subprime loans. I've long predicted this would happen and to be honest, I'm disappointed.
Posted on November 30, 2007 by
Sam Cass
Century 21 CEO discusses the real estate market and of course he's not that gloomy. It's his job to keep the houses selling. He lists four factors that are key to homesales and points out that three of them are favorable.
Posted on November 29, 2007 by
Sam Cass
The experts never said that housing prices would come down. Now listen to what they are saying. This time I fear they are correct. There will be more real estate pain ahead before things get better. This is the sound of the largest real estate bubble in history deflating.
Posted on November 27, 2007 by
Sam Cass
We will never know if Caterpillar's Q3 result caused today's crash, but the stock was among the biggest Dow losers. I can't figure out why everyone is so scared.
Posted on October 20, 2007 by
JRodgers
This housing bubble is going to take decades to work through the system.
Posted on September 28, 2007 by
alan pender
The US Department of Housing and the US Census Bureau reported today that sales of new houses tumbled by 21.2% from a year ago. Is this an anomaly or is housing really about to crater.
Posted on September 27, 2007 by
Cindy Daniels
More bad news on the real estate front? Maybe.
Posted on September 25, 2007 by
Cindy Daniels
The commerce department reported that starts of new homes fell by 2.6% to a seasonally adjusted annual rate of 1.331 million, which was the lowest since June 1995.
Other data was just as bleak.
Posted on September 19, 2007 by
Cindy Daniels
In August, Frederic S. Mishkin a member of the Board of Governors of the Federal Reserve Bank authored a paper which explored how the Fed should react to a bursting of the housing bubble. One idea explored and advocated was a drop in short term rates.
The 50 basis point reduction in the federal funds rate by the Fed seems to indicate that they are trying to prevent a more severe downturn in the housing market.
I included some interesting charts.
Posted on September 19, 2007 by
David Walsh
Data that I follow seems to show fewer homes on the market, not more as would be expected. What's the explanation?
Posted on August 13, 2007 by
Cindy Daniels
The subprime/mortgage mess has accelerated this week and today the Fed stepped in to shore up the market. Many believe that a rate cut is inevitable to further shore up the market. In the meantime, the market gyrates up and down as more banks freeze credit and try to assess their positions.
Posted on August 11, 2007 by
PhilR
In Massachusetts even borrowers with good credit are having trouble getting a jumbo mortgage. The credit crisis seems to have spread beyond just the sub prime market.
Posted on August 09, 2007 by
PhilR
After a 10 years of hype on how the real-estate market is the safest place to be, the spinmeisters have gone into reverse, saying we're headed for a collapse. Don't believe it. Sure, the real-estate market is correcting but it's not going to collapse and bring the economy down with it. Here's why.
Posted on August 05, 2007 by
MBANewlyMinted
