Take two things for certain. First, there’s never been nor ever will be a housing bubble without a corresponding bubble in mortgage credit. Second, no matter who may yap about credit being too easy (usually complainers about the federal role in mortgages), stick with the Fed’s quarterly accounting of U.S. financial flows, Z-1.
However, the current situation is nothing like the 2008 financial crisis
Opinion
Yesterday, UK voters voted in support of a referendum to decide whether the United Kingdom should leave or remain in the European Union
The overnight market panic is overdone and not a sign of economic trouble to come
The platform aims to be the alternative to mortgage loan trading via email
Last week’s rate movements were unusually powered by individuals acting on principle
Some decisions are just hard, and GSEs have correctly and successfully resisted administration demands to reduce loan balances
There have been notable changes since the last update in April 2015
The trick is to offload distressed property before disaster hits
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The outside world is a wreck, the U.S. is the world’s only locomotive, and cash is pouring in here again
Asserted, but not true: the record lows are the result of bad policy at central banks
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The outside world has more impact on the U.S. than the Fed considers
RealtyTrac finds single women homeowners face lower home values and slower appreciation than single men
Buyers want to enjoy entertaining outside in their new homes