Housing Meltdown

Two convergent themes we've been keen on documenting this year are stagnant wage growth and the soaring cost of living. Needless to say, when housing prices rise inexorably but incomes remain stuck in the mud, the …

Newsom’s 2021 budget includes billions for California housing, homelessness  Pacifica Tribune

… Protection Bureau is working to prevent a repeat of the mortgage meltdown, and its new rules, which took effect this month, represent the CFPB's attempt to protect home buyers from some of the banking behaviors that planted the seeds the housing …

Donald Lambro,. Economist Peter J. Wallison, who lobbed a blistering attack on the government's Financial Crisis Inquiry Commission's findings, says another housing bubble is looming on the horizon. While the 2007-08 …

Dimensional Fund Advisors Ltd. : Form 8.3 – WILLIAM HILL PLC – Ordinary Shares  Yahoo Finance

Denny’s Stock Gets Upgrade As More Restaurants Reopen  Benzinga

Israel to okay 2000 new settler homes: Security source  Arab News

Billionaire Investor Who Predicted the 2008 Housing Crash Says Crypto Is a ‘Worthless’ Bubble  Gizmodo Australia

Timothy Geithner on Monday defended the Obama administration's efforts to help homeowners in the aftermath of the financial crisis, saying “we tried to do as good a job as we could with our limited authority.” Speaking at POLITICO's Playbook Lunch in …

Housing bubble worse than lead-up to subprime crisis: Rosenberg  BNN

Nomura CEO Okuda Paid $2.9 Million in Year With Archegos Collapse  Bloomberg

"In 2006, I went out and authored a letter with 24 other senators asking for major reform of Freddie and Fannie, warning of a meltdown and a bubble in the housing market," the former Pennsylvania senator he said. "I stood out …

For a half-decade before the meltdown, the middle class detected instability in its economic terrain. As the wealthiest took higher ground, the middle class felt lost in a widening valley bereft of opportunity. The Great Recession froze those middle …

First-time homebuyers and those with less-than-perfect credit histories still struggle to qualify for loans, a byproduct of the mortgage meltdown. But the lowest-risk buyers and refinancers have been enjoying loans at 4 percent or less in recent months …

Those Who Predicted the Economic Crisis now Giving New Warnings – MUST WATCH.

The May foreclosure starts represented an 86 percent drop compared with the same month in 2012, and the first time since the state's housing meltdown started seven years ago that the number of foreclosures initiated fell below 250, Warren Group reported.

But more to the point, the housing “recovery” (i.e. bubble) is faltering because of the clogs in the lending system. The banks, the 20% down payments, the last minute cancellation of loans and other factors have discouraged the few remaining buyers …

Critics of the White House administration of Bush's brother, George W. Bush, say tougher oversight of banks and the U.S. housing market could have prevented the crisis or lessened its impact. But many critics of the 2010 law argue that instead of …