Clearing up misinformation about the new Fannie Mae and Freddie Mac mortgage fees, coming into effect May 1.
Recent Items
Friday, January 16, 2026
The New Mortgage Fee Structure
Topics: Banking industry, Credit markets, Guest Post, Politics, Real estate, Social policy
Posted by Yves Smith at 3:05 am | 5 Comments »
Why You Should Never Use an AI for Advice about Your Health, Especially Covid
Lambert chats with two AIs about Covid’s airborne transmission.
Topics: Guest Post, Ridiculously obvious scams, Technology and innovation
Posted by Lambert Strether at 2:55 pm | 43 Comments »
Links 4/23/2023
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 288 Comments »
Amex Customers – Above-Average-Income Consumers – Are Spending like Drunken Sailors, incl. on Travel & Restaurants
They’re the Big Spenders, they can move the needle. Millennials and Gen Z-ers are now the drivers of this growth.
Topics: Banking industry, Credit cards, The destruction of the middle class
Posted by Lambert Strether at 6:50 am | 20 Comments »
Links 4/22/2023
Topics: Links
Posted by Yves Smith at 6:58 am | 147 Comments »
Do Dem Party Leaders Want to Increase Support from Independents?
The US is split between party loyalists and independents who don’t trust either tribe to watch their back.
Topics: Banana republic, Free markets and their discontents, Guest Post, Income disparity, Politics, The destruction of the middle class
Posted by Yves Smith at 6:53 am | 65 Comments »
Debt and the Collapse of Antiquity – Michael Hudson
Michael Hudson explains how Rome rejected debt forgiveness and nstituted a pro-creditor legal system, which our establishment defends today.
Topics: Banking industry, Credit cards, Economic fundamentals, Guest Post, Income disparity, Legal, Politics, Social policy, Social values
Posted by Yves Smith at 6:32 am | 23 Comments »
2:00PM Water Cooler 4/21/2023
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 107 Comments »
Why the Food System Is the Next Frontier in Climate Action
Virtually all paths to a net-zero-emissions food system rely on consumers in high-income countries shifting to a more plant-forward diet
Topics: Doomsday scenarios, Environment, Free markets and their discontents, Global warming, Guest Post, Social policy, Social values, Species loss
Posted by Yves Smith at 9:55 am | 69 Comments »
Links 4/21/2023
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 134 Comments »
What Does Biden’s Pick for Next World Bank President Augur for the Global War on Cash?
Ajay Banga, in his former senior executive roles at Mastercard, waged a decade-long “war on cash.” Under his tenure, the company did more than just about any other to demonise the role of physical money around the world.
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 12 Comments »
TSA, UPS Brutalizing Shipments. What Gives?
UPS and TSA are serious hazards to your stuff.
Topics: Free markets and their discontents, Ridiculously obvious scams
Posted by Yves Smith at 6:00 am | 57 Comments »
Ukraine Conflict Highlights Key Question for Africa: Should We Focus on the Problems of the Elite, or Those Faced by the Majority of the Population?
Professor Sokona, Vice-Chair of the IPCC, on how Ukraine has reshaped thinking in Africa and on the needed transformation in its leadership
Topics: Africa, Commodities, Economic fundamentals, Energy markets, Europe, Globalization, Guest Post, Income disparity, Politics, Social policy, Social values
Posted by Yves Smith at 3:08 am | 13 Comments »
Naked Capitalism (Again) Named One of Top 100 Economics Blogs
Naked Capitalism again makes the cut!
Topics: Notices
Posted by Yves Smith at 1:25 am | 25 Comments »
2:00PM Water Cooler 4/20/2023
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 64 Comments »



