by Jim Crowder | Nov 9, 2015 | GENERAL
As we reported Friday, it is true that at least statistically it is harder for blacks and hispanics to get mortgages than it is for whites and asians. However, while the news isn’t necessarily good, it’s not completely dire, either. At least we can say...
by Jim Crowder | Nov 6, 2015 | GENERAL
The problem with averages is that pretty much no one is average. While it’s fairly clear that the housing market as a whole has recovered, Business Insider correctly points out that the recovery is divided by age, race, and location. The location part is...
by Jim Crowder | Nov 5, 2015 | GENERAL
As you’ve seen, the data are up and down on the state of the housing market. The Economist has done an exciting job of aggregating data from Zillow, and producing five interactive charts. The charts cover data from Q1 1980 all the way through Q2 of...
by Jim Crowder | Nov 4, 2015 | GENERAL
Freddie Mac reported a $475 million net loss for Q3 That net loss is actually based on a $4.2 billion gross loss on derivative investments. What’s a little weird about this is that the derivative investments were a hedge against interest rate...
by Jim Crowder | Nov 3, 2015 | GENERAL
As you may recall, there was much uproar at the time of the mortgage crisis, blaming Standard & Poor’s ratings firm for making false statements about risky mortgage “derivative” products. A federal appeals court had originally ruled in favor of...
