Posts Tagged ‘ foreclosure ’

The American Housing Market Is Headed for Total Destruction

Oct 13th, 2010 | By | Category: Featured, Housing, Macro Economics
The issue with the recent robo-signing scandal is that clear title could disappear in the American mortgage market. Part of the outrage is that U.S. banks have been foreclosing on mortgages which they don’t even own. Part of the reality is that the convoluted process of securitisation means banks may ...read more

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Posted in Featured, Housing, Macro Economics | 22 comments


Adding Hurricanes to Foreclosure

Jun 1st, 2009 | By | Category: Featured, Macro Economics
The first of June is the opening day of "Hurricane Season," which makes it an excellent time to consider insurance companies, again, in terms of whether or not they should be in our portfolios--if, indeed, anything much ought to be other than metals and sound energy sources. Insurance is taking hits ...read more

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Posted in Featured, Macro Economics | 1 Comment »


Hope Now: Pretending People Can Keep Their Homes

Mar 9th, 2009 | By | Category: Featured, Housing, Macro Economics
"Any house bought for 'No Money Down' should become a no money home, a free gift to the debtor. How's that for putting a floor under prices...?" Remember the great hope for Hope Now...? "Let's not harp on about the costs, absurdities or risks of governments meddling in real-estate bubbles when they ...read more

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Posted in Featured, Housing, Macro Economics | 2 comments