Home loans Archive

Mortgage Delinquencies Pass 10%

[Skip to the end] Looks like nothing is trickling down, at least yet, even with 5.7% real growth. Still going the other way, in fact, for the lowest income groups. On Wed, Feb 3, 2010 at 9:38 PM, Russell Huntley wrote: From Jon Prior at HousingWire: Mortgage Delinquencies Pass 10%: LPS Home-loan ...Read More

bank ‘hoarding of cash’

[Skip to the end] Agreed. And as I’ve been saying since day one. The transmission mechanism he references isn’t broken. It never existed. The reason banks are ‘hoarding cash’ is that the Fed has exchanged reserve balances for securities it bought in the market place. The Fed determines reserves/’hoarding’ and not the ...Read More