Peter Wallison more or less demolishes the conventional wisdom—and now the official Federal Crisis Inquiry Commission view—when it comes to the collapse of Fannie Mae and Freddie Mac.
Over at Barry Ritholtz’s “The Big Picture,” Bill Black has been publishing a series of posts on how mortgage lending should be regulated. Black, who is the author of “The Best Way To Rob A Bank Is To Own One,” does an admirable job at pointing out how pervasive fraud arises and undermines market discipline.
Foreclosure "actions" in Q3, which include anything from default notices to bank repossessions, rose in 65 percent of the nation's top 200 housing markets.
The mortgage mess that lead to foreclosure freezes by several large banks across much of the country may slow down the ability of banks to issue new mortgages, which could push the housing market into a sharp downward spiral.
Noise. There's an awful lot of it in today's report on September existing home sales from the National Association of Realtors. Even the markets could hear the noise, as they didn't react all that much to the 10 percent jump in sales that completely beat expectations.
If you’re looking to renovate and flip, forget it. But if you’re in a position to buy and hold, with the intent of either renting your property or sitting on it until the real estate recession subsides, the market is ripe for the picking.
The foreclosure process in the US is slowing, enabling delinquent borrowers to stay in their homes for months after they stop making mortgage payments, according to one of the largest lenders. The FT reports.
Bank of America and GMAC are firing up their formidable foreclosure machines again, after a brief pause, but homeowners are asking why lenders often balk at short sales. The New York Times reports.
When Bank of America resumes its foreclosures next week, it is going to find that the process is a lot tougher than it was just a few weeks ago.
Big lenders are trying to move past the foreclosure-document mess, saying they're now confident their paperwork is accurate. Yet they face so much organized resistance that they can't just snap up their briefcases, declare the crisis over and move on.
Treasury Secretary Tim Geithner discusses the administration's plan to reform GSEs, with CNBC's Steve Liesman.
Reacting to Treasury Secretary Geithner's comments on the administration's new plan for mortgage finance reform, with Mark Zandi, Moody's Analytics; Michael Barr, University of Michigan; and CNBC's Steve Liesman & Rick Santelli.
William Gross, of PIMCO, discusses the government's role in the U.S. residential mortgage market.
Rebuilding the mortgage industry, with Joseph Murin, former Ginnie Mae president, and James Lockhart, former Federal Housing Finance Agency director.
Some of the nation's most prominent mortgage investors are gathering in New York Wednesday for a meeting that could serve as a key first step in organizing a major action to recoup billions in losses and damages from the nation's big banks. CNBC's Kate Kelly has the details.
The Mortgage Bankers Association is meeting in Atlanta, and between the foreclosure mess and tougher regulations, this could be one of their most critical conferences ever, reports CNBC's Mary Thompson.
New home sales rise 6.6 percent in September, with CNBC's Diana Olick.