Wed 2008-06-25 00:00 EDT
naked capitalism: Illinois Sues Countrywide
mortgage counsellor suggests "70% to 80% of subprime mortgages involved fraud by the mortgage broker"
Wed 2008-06-25 00:00 EDT
mortgage counsellor suggests "70% to 80% of subprime mortgages involved fraud by the mortgage broker"
Fri 2008-06-20 00:00 EDT
Walter Bagehot Was Wrong, by James Grant - June 19, 2008 - The New York Sun; Jim Grant: structuring mortgages for central bank deposit in special liquidity facilities will result in a new cycle of currency debasement; Walter Bagehot versus Thomson Hankey on central banks, moral hazard, fairness, and ready money
Wed 2008-06-04 00:00 EDT
Mon 2008-06-02 00:00 EDT
By Kathleen Day; S&L Hell author Kathleen Day; mortgage debacle
Sun 2008-05-18 00:00 EDT
"nventory of homes is now beyond a two year supply and growing, while prices are falling off the cliff." "at least a third of todays builders will be bankrupt within the next 18 months."largest source of inventory is the homes moving through the foreclosure process" "The snakes have moved out of the mortgage business and into the REO disposition business."
Decession; Depression; Mike Morgan; Mish's Global Economic Trend Analysis.
Tue 2008-05-13 00:00 EDT
Fed purchasing mortgage-backed securities; Will Fed have contingent liabilities, counterparty exposures?
Fri 2008-04-18 00:00 EDT
Wed 2008-04-16 00:00 EDT
Sat 2007-12-29 00:00 EST