Private property rights in California are being subjected to Agenda 21, a United Nation’s declaration on the collective society’s right to control private property. To learn more, watch the video! [youtube Cg_hckM27A0 nolink]
News reports say that the Federal Housing Finance Agency (FHFA) will sue about 12 major banks in order to recover some of the losses that Fannie Mae and Freddie Mac sustained on mortgage-backed securities the banks issued. The suits will seek to make the banks repay a share of about $30 billion in losses from […]
Even the baseline scenario in places like Las Vegas and Miami is grim, where Case Shiller projects a 21% decline in home prices from 2010 to 2012. But in one scenario it could be worse. 6.7 million delinquent mortgages are waiting to flood the market around the country — and with near-zero cure rates most […]
The oil price spike, driven by instability in the Middle East, has the potential to cause repercussions in the U.S. housing market, according to Barclays‘ Luca Ricci. The simple reason why a rise in crude prices could tank the housing market is that it has done it before. From Barclays’ Luca Ricci (emphasis ours): The […]
Members of the 112th Congress were sworn in just days ago, and already lawmakers are making big waves. Rep. Michele Bachmann, a Republican from the state of Minnesota in her third term, introduced legislation Thursday that would repeal the Dodd-Frank financial reform bill that was signed into law just six months ago. Dodd-Frank calls for […]
TRUCKEE, Calif. – Clear Capital , is issuing this special alert on a dramatic change observed in U.S. home prices. “Clear Capital’s latest data shows even more pronounced price declines than our most recent HDI market report released two weeks ago,” said Dr. Alex Villacorta, senior statistician, Clear Capital. “At the national level, home prices […]
Even as prospects for the American economy brighten, consumers are about to face a new financial burden: a sustained period of rising interest rates. That, economists say, is the inevitable outcome of the nation’s ballooning debt and the renewed prospect of inflation as the economy recovers from the depths of the recent recession. The shift […]
If you watched with alarm as the government took over General Motors and Chrysler, and as Democrats tried to increase government’s role in the health care industry, you should be scared to death by the discussion of the mortgage markets. The unspoken, bottom line: The federal government has already nationalized the housing industry. We’re not […]
Barney Frank’s decision to ‘roll the dice’ on subsidized housing is becoming an epic disaster for taxpayers. PETER J. WALLISON On Christmas Eve, when most Americans’ minds were on other things, the Treasury Department announced that it was removing the $400 billion cap from what the administration believes will be necessary to keep Fannie Mae […]
