Over at Econbrowser we find an interesting article about “crony capitalism” and a potential bailout for the bankers.  It underscores some key points that highlight why I remain extremely cautious on the mortgage and real estate markets.  The tensions inherent in the article continue to exist between mortgage lenders, investment banks, lenders, retail mortgage servicers, […]

Fixed rate mortgage loans faced a stunning increase last week from 5.72% to 6.04% demonstrating the continuing credit crunch in mortgage markets.  Also underpinning this is the fear that housing values will continue to fall and the ever declining liquidity to fund these credit securities.  The rates are about at where they were at the […]

Many people have approached me wondering where the real estate crisis was - they just didn’t see it in their local real estate and mortgage areas.  There is no doubt that the severe ends of this crisis are local in nature.  Politics in the Zeros discusses the issue of banks denying most mortgages in Miami […]