Items Tagged with 'Housing Crisis'

ARTICLES

CoreLogic: REO sales drop to lowest level since January 2007

Maryland holds largest percentage of distressed sales
Although the market will always have some level of distressed sales, it will no longer be at the same level witnessed during the financial crisis. If the current annual decrease continues, the market would reach its pre-crisis level of 2% distressed sales by mid-2018.
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When will housing inventory shortages finally end?

Not in 2016
Four years in active recovery, and the housing market can’t seem to get past the inventory shortage that penetrates into all crevasses of the industry. And while this won’t change this year, there may be hope for next year as builders start to play catch-up.
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Fox News personality predicts housing crisis, outs self as clueless fear-monger

Another national pundit spews housing nonsense disguised as knowledge
Cal Thomas, who is apparently “America's most widely syndicated op-ed columnist,” penned a syndicated column that appeared on FoxNews.com and in scores of newspapers from coast to coast recently, in which he writes that the creation of the HomeReady program by Fannie Mae is one giant step towards another housing apocalypse. Not only does Thomas not know what he’s talking about, he goes on to out himself as a fear-mongering doomsayer.
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The Big Short’s Michael Burry on disastrous Fed policies; failure of Dodd-Frank

Tells New York Magazine that current financial environment is ‘toxic’
Michael Burry, one of the featured players in both the book and movie “The Big Short,” is thought of as a “soothsayer” who saw the financial crisis coming before anyone else. Burry recently spoke with New York Magazine about his views on the run-up to the financial crisis, the aftermath of it, and where things stand now. And his forecast isn't good.
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Why are there almost no new banks since the crisis?

Dallas Fed: Regulations are crushing community lenders
In the aftermath of the economic crisis of the late 2000s, the federal government passed a number of sweeping laws that irrevocably changed the financial landscape of this country, but just how much?
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The same culprits are re-inflating the housing bubble

Here we go again...
Although there is plenty of blame spread across Wall Street for the housing crisis, to many involved in the mortgage and real estate industries, as well as to consumers themselves, the true enabler was our government. Now, evidence abounds that the bubble is being re-inflated by these very same culprits.
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