Tag Archives: FDIC

60 Minutes On Mortgage Robosigning Scandal

Posted on April 3, 2011 by HS

Tonight, 60 Minutes explored how banks forged foreclosure documents and complications that mortgage securitization has caused with chains of title. Continue reading →

Posted in Banking and Finance, Foreclosures and Short Sales, Fresh Perspectives, Newsletter | Tagged FDIC, foreclosuregate, Foreclosures, Mortgage Fraud, Mortgage Securitization, Robosigner | 1 Comment

Banks Exempt from New Mortgage Rules

Posted on March 29, 2011 by Mish

90% seems like a high number and it is. However, why would banks accept any “skin-in-the-game” risk, when they can easily dump all the risk onto taxpayers via Fannie and Freddie? Continue reading →

Posted in Banking and Finance, Fresh Perspectives | Tagged Fannie Mae, FDIC, Freddie Mac | Leave a comment

FDIC “Cash for Keys” Proposal Would Pay Underwater Homeowners $21,000 to Walk Away

Posted on March 27, 2011 by Mish

The five biggest US mortgage servicers were told this week at a private meeting with regulators to consider paying delinquent borrowers up to $21,000 each as part of a broader settlement of the foreclosure crisis. Continue reading →

Posted in Banking and Finance, Foreclosures and Short Sales, Fresh Perspectives, Home Economics, Mortgage News | Tagged Cash For Keys, FDIC, Foreclosures, negative equity, Strategic Defaults, Walking Away | 1 Comment

Housing Economics: Massive Supply, Faltering Demand

Posted on July 15, 2010 by Charles Hugh Smith

These stupendous government interventions have simply staved off the consequences of the supply-demand imbalance for the past two years. At some point these interventions will fail and the returns on the investment will go negative: all the trillions of dollars committed to propping up housing prices will fail to boost prices at all.

At that point public support for the prop-job will evaporate and the market will finally get a chance to clear the imbalance between supply and demand. Continue reading →

Posted in Best Of The Storm, Everything About Foreclosures, Fresh Perspectives, Home Economics, Investing, What You Need To Know About Buying and Selling Real Estate | Tagged Fannie Mae, FDIC, Foreclosures, Freddie Mac, Homeownership Rates, Housing Bubble, negative equity, Pending Home Sales, Shadow Inventory, Supply vs Demand, The Fed, Underwater Borrowers | 1 Comment

Home Mortgage Interest Deduction Inflates House Prices

Posted on June 30, 2010 by irvinerenter

Bair, the chairman of the Federal Deposit Insurance Corp., said in a speech Monday that Congress should consider paring back federal tax deductions for homeowners. She said these subsidies helped inflate house prices, harming the very consumers that many of the programs aimed to help. Continue reading →

Posted in Best Of The Storm, Home Economics | Tagged FDIC, Mortgage Interest Deduction, Taxes | 1 Comment