It’s not just the mom and pop buyers who are looking at onerous mortgage resets on the poorly underwritten loans giddily funded back during the recent bubble.
The smart money in commercial real estate is not the Wall Street Firms that bought in at top dollar in 2007.
The smart money is the guys who sold to […]
In our prior posts on precious metals, we have alluded to the hoarding of these “commodity currencies” in Exchange Traded Funds.
Unlike direct ownership in common stocks, like most index funds, the precious metals ETFs actually require physical possession of the underlying gold or silver.
I’ve never been a big fan, because when push comes to shove, […]
This might be an opportune time to see how our Uncle Sam is working to protect our newly nationalized insurance and banking industries.
We’ve just had two back to back announcements on asset disposition that will help to shine a spotlight on the hard working Feds out to protect their taxpayer investments.
Today we will focus on […]
Younger readers will not be familiar with the term.
In years past, small factory or mining towns, dominated by one major employer, would often pay the employees in scrip redeemable only at the company owned store.
Of course, they abused their monopoly pricing power, and held the hapless employees in thrall to their meager, overpriced menu of […]
Like a dog with a bone, I just can’t let go of the raging health care reform debate.
It’s shaping up to be the pivotal paradigm shift for the next decade..perhaps longer.
I don’t consider myself to be an expert on health care reform…just a well-informed consumer. But I have immersed myself into residential real estate as […]
If health care is a right, than surely shelter and clothing are as well.
I am indebted to Craig Karpel’s op/ed in the 8/17/09 Wall Street Journal (p. A11) who takes the heretical view that we are not paying enough for health care…and that it is further a critical growth component in our economy. And his […]
You’d think that with all the sub-prime loan scandals no one would still be working that angle.
Think again.
The FHA, a product of FDR’s New Deal legislation, is alive and well, and may in fact account for one third of all loan originations this year.
For the seriously credit compromised, FHA loans require 10% cash down, but […]
Be careful what you wish for.
Just as generals are always fighting the last war, so also are the oversight and regulatory agencies.
In their zeal to punish all wrongdoing, they have caused considerable damage to the nascent recovery.
Case in point—- the stated income loan.
You may know it more by its colloquial nickname….the liar’s loan.
It turns out […]
