Silver as an investment

Category Archives: Subprime crisis impact timeline

Warning: the Subprime 2.0 Bubble is About to Burst

As we’ve been outlining for weeks now, Subprime 2.0 is the subprime auto-loan industry. And just as the collapse in the subprime mortgage lending was what signaled the beginning of the housing crisis… trouble in the subprime auto-loan industry will be what signals that the next Debt Crisis is here. On that note… subprime auto-loan […]

This Is What A Bank Run Looks Like: Home Capital Loses 70% Of Deposits In One Week

In the beginning it was a slow pace, then it became a casual jog. Then, starting early last week, the jog morphed into a full-blown run, and – as of the past 3 days – the withdrawal of deposits at Home Capital Group’s high interest savings accounts has mutated into a full blown mad dash […]

Canada’s Housing Bubble Explodes As Its Biggest Mortgage Lender Crashes Most In History

Call it Canada’s “New Century” moment. We first introduced readers to the company we said was the “tip of the iceberg in Canada’s magnificent housing bubble” nearly two years ago, in July 2015 when we exposed a major problem that we predicted would haunt Home Capital Group, Canada’s largest non-bank mortgage lender: liar loans in […]

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 […]

US Housing Market Reeling After Mortgage Rates Jump To Two Years Highs

Ten days ago, we wrote that the “US Housing Market In Peril As “Increase In Mortgage Rates Has Shocked Consumers.” Fast forward to today when the same “shocked consumers” referenced in the WSJ piece must be on the verge of a nervous breakdown because according to the Mortgage Brokers Association, rates on US fixed-rate mortgages […]