Canadian Bank Run Contagion Begins?
A Canadian subprime mortgage lender is on the ropes. Is the end of the real estate bubble nigh? If so, how much damage will banks take?
Read more...Category Archives: Real estate
5 Times Charter School Founders Used Shady Real Estate Deals to Shamelessly Enrich Themselves
A trio of academics compare charter school tactics to Wall Street’s raiders.
Read more...Wolf Richter: Private Equity in the Thick of Bricks and Mortar Retail Implosion
The distress at traditional retailers has been made much worse by private equity asset stripping rendering them fragile.
Read more...Too Little, Too Late Lawsuit Against Predatory Servicer Ocwen Demonstrates Failure to Address Servicing Abuses
Recidivist mortgage servicer Ocwen gets whacked by the officialdom yet again, showing how inadequate mortgage “reforms” under Obama were.
Read more...Wolf Richter: Wild Housing Speculation Drives Entire Canadian Economy
Canadian housing continues on its relentless rise because too many people can’t afford to have it stop.
Read more...Ilargi: Our Economies Run On Housing Bubbles
A look at the long-term role of home price bubbles in multiple countries.
Read more...MIchael Hudson: The Democracy Collaborative
Michael Hudson gives new riffs on his regular themes: classical economics and its perversion by Hayek, rentier capitalism, debt jubilees.
Read more...Commercial & Residential Real Estate Bubble Again a Risk to Financial Stability; Fed’s Rosengren Worried
Real estate is again looking like a ticking time bomb. At super low interest rates, pray tell what does the Fed do if it blows up again?
Read more...Will New Required Reporting of $3 Trillion of Debt Crimp Big Cos, Private Equity?
A geeky accounting change in liability reporting may have real world consequences.
Read more...Wolf Richter: How Much Money Laundering is Going On in the Housing Market? A Lot
Treasury is starting to get serious about money laundering in high end residential real estate.
Read more...Trump’s and Hensarling’s Fact-Free Attack on Dodd Frank
Debunking Republican canards about Dodd Frank.
Read more...Bill Black: New York Times’ Andrew Ross Sorkin Tries to Make Hank Paulson a Hero
As part of reviewing Obama’s legacy, Bill Black eviscerates how Sorkin’s book tried to exhonorate Hank Paulson for his crisis performance.
Read more...Chinese Mortgages Tighten Fast
Chinese mortgages, which have been the driver of credit growth, are now hard to get. Is this just a short-term tightening?
Read more...How Obama Framed Trump with Faux Mortgage Insurance Rate Decrease
There are many things for progressives to criticize Trump about. The Obama mortgage deduction sleight of hand isn’t one of them.
Read more...The Obama Administration Bails Out Private Equity Landlords at the Expense of the Middle Class: Government Guarantees for Rental Securitization
So how much did Blackstone promise to give to the Obama library for this huge grift, um, parting gift? As regular readers may recall, private equity firms piled into buying foreclosed single family homes on the belief that if the government (in this case, Fannie and Freddie) was selling, they wanted to be buying. And […]
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