Word: mortgagee
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Being rich during a recession can almost be as bad as being poor. The only difference is that the rich have more to lose. RealtyTrak, a research firm that follows mortgage trends, recently reported that the foreclosure rate on homes valued at more than $729,750, also known as the...
No one working on forecasts about the activity of home sales and home prices has any illusions about the severe problems at the low and middle segments of the market. Real wages are not rising and unemployment may reach 10% this year. Most of the people out of work will...
This conspiracy theory always had one weakness. There is no reason taxpayers would want to own troubled banks. The stocks in the companies would have to keep moving up and stay up for there to be a reasonable return. The Administration, on the other hand, might like to have the...
Yes. This crisis was substantially caused by a failure to manage real estate risk. Notably, we got individual homeowners into a leveraged position typically with their entire life savings in real estate in one city, in one house. That's very risky. I have one proposal for continuous workout mortgages...
Then there's all that bad debt. We've now mostly worked through the subprime mortgage mess that started this whole debacle, but lots more losses - from prime mortgages, credit cards, commercial real estate, you name it - are still to come. Morgan Stanley economist Richard Berner estimated on Tuesday that...