Items Tagged with 'Housing Crisis'

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Zillow: Total value of U.S. housing reaches all-time high

Housing market regains all value lost in crisis
The total value of all the housing stock in the United States has never been worth more than it is right now, according to a new report from Zillow. That also means that the U.S. housing market has now regained all of the value that was lost during and after the housing crisis.
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What happened to all that mortgage settlement money?

New York Times' Dealbook provides look at 8 massive mortgage settlements
While the headlines don’t show up quite as often as they once did, it still seems like that every few weeks another bank is settling with the federal government (or other parties) over the mortgage misdeeds of the past. Each of those settlements checks in the multi-billion dollar range, but what happens to the settlement money after the banks pay up?
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[video] MBA President explains need for housing director

Surplus of housing regulators creating unnatural conflict
The Mortgage Bankers Association president and CEO explained the need for a housing policy director, and why this position is crucial to the next administration. According to the MBA, we are on the front edge of a new kind of housing crisis.
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MBA president: The next President needs a housing policy director

Time to turn the page in housing
It’s time to turn a new page for housing when it comes to policy making, according to the Mortgage Bankers Association president and CEO. While the past eight years have been spent recovering from the recession, it is now time to move on, and this could include creating a new housing policy director.
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Monday Morning Cup of Coffee: Trump U paid AGs? NY Fed Bank heist warning?

Also, jobs crises may be like housing crash
Yahoo News broke a story on Sunday revealing that the Federal Reserve Bank of New York — which was the victim of a spectacular $81 million heist in February — actually blocked 35 requests for money transfers, but then approved five of those transfers later. Plus, two attorneys general who dismissed Trump U charges received campaign contributions.
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Hillary Clinton ad uses housing crisis to smear Donald Trump

New ad uses Trump's words against him
While former Secretary of State Hillary Clinton may be the frontrunner for the Democratic nomination for president, she's not the official nominee yet. But that’s not stopping Clinton from attacking the presumptive Republican nominee and attempting to use Donald Trump's seemingly crass prediction about the housing crisis against him.
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There's no consensus on GSE reform, but there is this

Revolution deadline, TBD
After attending a conference with some of the top investors in housing, I’ve come to realize housing is as close to solving GSE reform as it is in solving "which came first, the chicken or the egg?" But amid all the opinions and solutions discussed, there was one session right before I headed back to Dallas that tossed out an opinion I think needs to be mentioned.
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Monday Morning Cup of Coffee: Housing limbo due to homebuilder compliance costs?

The questionable future of interest rates
The housing inventory crisis has created a roadblock during the spring buying season, and it doesn't look like it will be ending anytime soon. As far as when the Fed will raise interest rates, no one seems to have a clue. Experts are widely divided, with only a little more than a month left until the Federal Open Market Committee meets again in June.
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