I’m weary of hearing that the sub-prime market is or was a small portion of the pie in the Puget Sound Region. Certainly, there are many prime conventional loans that were made. But the idea that the originations of sub-prime loans being reduced or eliminated will have a less than meaningful impact is just not…
Tag: S-Crow
What a last two weeks of extremes: Wall Street & Mortgage Mess to a symbol of America’s dark days and accomplishment.
Click to enlarge I just happen to look up at the ticker when I was in Times Square about a week or so ago (8/17) after a quick subway train ride up from Wall Street. Then shortly after, the following message in the picture below showed and I quickly took a shot of it. This…
Center for Economic Policy Research paper: highlight’s fundamentals (largely ingnored) and the media’s role.
Hi Bubbleheads, doom ‘n gloomers and market enthusiasts …. Good Reading: Via Jessica Swesey at Inman News blog gives us a glimpse into the mechanics of the bubble. She cites a paper released last week by Dean Baker of the Center for Economic & Policy Research asks:(PDF document & very easy reading with excellent analysis)…
Drive by commentary: Street of Dreams, I’m not digging any more post $#%!! holes, Red Sox, market, other stuff.
On the Radar: July 22nd date for new borrowing standards.
Yesterday Inman News had (subscription needed) a piece by Lou Barnes regarding this large blip showing on the Radar screen. The blip kept showing July 22, 2007. The Boston Globe picked up Lou’s piece and you can read it here. New guidelines making it tougher to qualify under interest only mortgage terms begins on July…