Category Archives: Freddie Mac
Abracadabra
wallstreetexaminer.com / by James Howard Kunstler Via Kunstler / December 11, 2017 And so, as they say in the horror movies, it begins…! The unwinding of the Federal Reserve’s balance sheet. Such an esoteric concept! Is there one in ten thousand of the millions of people who sit at desks all day long from sea to shining sea who have a clue […]
Housing Bubble 2.0: Home Equity Loans Soar To Highest Level Since 2008
It seems as though the practice of using one’s home as a personal ATM machine is making a ‘yuge’ comeback of late thanks, at least in part, to the same aggressive lending terms and attractive teaser rates that nearly sank the world economy just under a decade ago. According the Wall Street Journal and Equifax, […]
Fannie, Freddie Would Need $100BN Bailout In New Financial Crisis
While the latest Fed stress test found that all US commercial banks have enough capital to survive even an “adverse” stress scenario, a severe recession in which the VIX hypothetically soars to 70, the two US mortgage giants would not be quite so lucky: according to the results from the annual stress test of Fannie […]
Meet JK2 Westminster LLC – The Kushner Family Real Estate Subsidiary Preying On Poor People
Authored by Mike Krieger via Liberty Blitzkrieg blog, Cox stopped cooking for herself and her son, not wanting food near the sink. A judge allowed her reduced rent for one month. When she moved out soon afterward, Westminster Management sent her a $600 invoice for a new carpet and other repairs. Cox, who is now […]
Are US Taxpayers Now On The Hook For Risky Wall Street Real-Estate-Backed Bonds?
Authored by Mike Krieger via Liberty Blitzkrieg blog, I’m fairly certain very few of you have heard of broker price opinions, or BPOs, but it’s something I think we should all become aware of given the influence of BPOs in the market for valuing residential real estate securitized bonds. Before we get to that, let’s revisit […]
Commercial Property Lending Tumbles As Retail / Hotel Originations Plunge
For those of you out there clinging to your commercial REIT stocks for their ‘defensive’ dividend yields while praying that the whole ‘retail implosion’ thing will simply go away, you may want to avert your eyes now. According to the Mortgage Bankers Association 4Q 2016 commercial real estate loan originations survey, mortgage originations related to […]
Why Is Goldman On A Buying Spree For Delinquent Mortgages
Last year Goldman Sachs entered into a settlement with federal and state governments over its role in packaging and selling toxic mortgage-backed securities in the housing meltdown to unsuspecting buyers while subsequently turning around and shorting those very same securities. As part of the settlement, Goldman agreed to provide $1.8 billion in homeowner debt relief […]