In the early 1930s, America was astounded and appalled by renowned criminals Bonne Parker and Clyde Barrow. The two out-laws were infamous for their bank robberies during the Great Depression.
Fast forward almost a century, and banks have to worry a lot less about modern Bonnie and Clydes. Instead, their greatest looming threats have gone underground into the vast depths of the Internet and cyberspace.
What would Bonnie and Clyde have to say about that I wonder?
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The latest CoreLogic home price index jumped a whopping 10.5% nationally, but analysts say values are still far away from creating a housing bubble.
This change represents the biggest year-over-year increase since March 2006 and the 13th consecutive monthly increase in home prices nationally, CoreLogic ($26.22 -1.38%) said in a...
This week at the Mortgage Bankers Association National Secondary conference there was a panel entitled "The Role of Rating Agencies and the Re-emergence of the Private Label RMBS Market".
As I sat down to listen to the discussion I was reminded of what Albert Einstein has said "insanity: doing the same thing over and over and expecting different results".
Will the RMBS investment community do the same thing again and rely on ratings to...
It seems government officials do have a plan to fix homeowners in trouble, but you would never know it since they are piecemealing the initiative together one silent step at a time.
The big news this week was President Obama’s pick of Rep. Mel Watt, D-N.C., to replace Ed DeMarco as FHFA director.
It’s no secret that Rep. Watt favors principal reductions, an issue that...
With housing starts on the rise, new homes are popping up all over the country. But many homebuyers prefer older homes that are often considered a piece of local history.
Trulia ($29.76 -1.37%...
In certain housing markets, it seems homes are selling like hot cakes. Buyers in California are feeling the heat more than anyone, with four of the top five fastest-moving housing markets in The Golden State.
Orange County, San Diego, Sacramento and Los Angeles topped the list, with Las Vegas coming in at no. 5, according to data from ZipRealty.
In Orange County, the median days homes spent on the market dropped from...
Lender Processing Services is in the middle of its three-part video series titled "The State of the Housing Union," hosted by Jonathon Weiner, vice president of research and development at LPS.
In the first video, Weiner recapped the events that led to the mortgage and finance housing bubble. The VP notes that the 13% annual appreciation in 2004 and 2005 coupled with rising mortgage rates in the same time period hurt...
The president’s reported pick of Congressman Mel Watt, D-N.C., to lead the Federal Housing Finance Agency is likely to be stalled by the simple fact that Watt is not qualified for the job based on a job description created by Republicans and Democrats back in 2008.
Yes, that’s right. Forget the confirmation hearing, he doesn’t even have the right...
They may be young, but millennials have witnessed their share of crisis. So far, millennials have lived through two wars, the financial crisis and terrorists attacks, with the most recent being the Boston Marathon—to name a few.
The millennials, also known as Generation Y, range mostly from age 18 to 34, and are 7% larger than the baby-boom generation.
Despite several hurdles like student debt, according to an...
There’s a reason the world hates lawyers, but in reality, the world should be more upset at politicians who generally confuse politically driven lawyers as task masters that are useful, but neither committed to the laws they write or willing to back them under divergent scenarios.
Take eminent domain for example. Even after San Bernardino County, Calif., gave up on the idea of allowing government officials to use eminent domain to disrupt investors' interest in mortgages for the...
