It’s been about half a decade since the Great Recession, and the economy still has room for improvement. Christopher Whalen argues that the low-interest-rate environment that arguably helped cause the 2008 financial crisis remains in place today.
Back in 2000, the dot-com bubble burst, costing $6.2 trillion in household wealth. Then shortly after, the housing crisis hit, and the value of real estate owned by U.S.
However, the two created very different results.
The housing market will never return to the heyday it experienced before the Great Recession when it was the driving force behind the entire US economy. While that's a disappointment to many, at least one economist calls it "a good thing."
“Nearly every part of the real estate process has been transformed by technology except for home financing. Getting a mortgage is still manual, frustrating and confusing,” said Nick Stamos, CEO and founder of Sindeo..
Legacy insurers are headed toward solid ground, with some experiencing their first full year of profitability since the housing crash. New entrants, meanwhile, are raising capital, entering the fray and gaining market share. Read More
First, I’m not suggesting totally yanking FICO or Vantage Scores or anything like that. What I am recommending is the adoption of other models that would equally, or even more effectively, determine who can repay a loan. Read More