Such policies are aimed at ensuring the housing market didn't experience a catastrophic U.S.-style meltdown. Mr. Cashin argues that they have had the opposite effect, pushing otherwise creditworthy borrowers who would have qualified for a conventional …
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Easy to obtain, low-interest loans backed by federal mortgage giants Fannie Mae and Freddie Mac caused a housing bubble, a stock market crash, and a financial crisis, they say. The truth is that Wall Street and banking industry greed had more to do …
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The mortgage-servicing business has proven to be a tough one to master, with many companies having fallen prey to the housing bust and subsequent financial crisis. Ocwen Financial (NYSE:OCN) managed to survive the market meltdown in 2008 and saw …
As a Buddhist monk, Kaneta wanted to offer something special to those still reeling from the triple disaster of earthquake, tsunami and nuclear meltdown. Credit: … The mountain scenery here is gorgeous, but life in these temporary housing units is …
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Every year since the 2007-'08 financial meltdown U.S. capitalism has been increasingly exposed as a failed system. While the wealthy elite continue to increase their already shocking wealth, workers, students, older and young people have increasingly …
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To conservatives, rising asset prices signal greater chances of another meltdown, similar to what occurred in the mid-2000s. But the stock market is down 3 percent since its peak in May. And housing prices have yet to return to pre-crisis levels. Let's …
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During the housing market meltdown, these units lost value at an alarming rate. Fast forward to today, and you'll find condos are gaining value at a faster rate than single-family homes in many areas of the country. A report by real estate marketing …
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… almost as if they're making little Uncle Sam citizens of all their dollars. The third type of tax that keeps coming up is taxes on private investments, like houses or companies or stocks, which are lower at 15% to encourage people to take long-term …
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Like Sweden and Denmark, Norway is attempting to fight the global currency wars while simultaneously wrestling with a housing bubble. As documented in these pages extensively, and as mentioned earlier today in the …
A weekend topic on a pair of articles related to the housing bubble. MarketWatch, “President Barack Obama was in Phoenix earlier this year to talk up something as hot as the desert sun—housing. In a January speech, …
That's a quote from a short documentary entitled “Million Dollar Shack: Trapped in Silicon Valley's Housing Bubble” which comprises 23 minutes of sheer, unadulterated comedy even as it very effectively critiques the extent to …
In theory, there was no reason falling housing prices in 2007 should have triggered a global financial crisis in 2008. But the economy is interconnected, and if venture capital firms start losing boatloads of money, it could cause a broader financial …
That program helped 14 people in 2014, but has helped a lot more in the past, thanks to the federal government's stimulus program, which offered up to $8,000 to buyers in the immediate aftermath of the housing meltdown. In 2010, the figure was 58.
“The housing crisis in London is bad now but as a consequence of this bill it will fall off a cliff edge,” said Khan, who is making housing a leading issue in his attempt to become the capital's mayor in May. “It is going to be catastrophic for …
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I like to collect academic studies documenting the interaction of America's love affair with Diversity and Immigration with the Housing Bubble/Bust of the 2000s. From the The Annals of the American Academy of Political and …
Harris likened the case to the nationwide litigation over the mortgage meltdown. The U.S. Justice Department took the lead, properly so, and New York sought to take the lead for the states. But noting that no state was harder hit by the housing crisis …
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HEMEIMEEM AIRBASE, Syria — Sleek combat jets loaded with precision bunker-buster bombs roar into the skies as soldiers in desert-style uniforms march past rows of neat housing at this Russian military base at one of Syria's largest airports. The air …
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Ideally, the association thinks the metropolitan market can support 8,000 to 10,000 permits—still far shy of the 13,000 issued a decade ago, before the housing meltdown. One of the biggest factors contributing to the slumbering activity is that …
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