Since late 2006

276

major U.S. lending operations have "imploded"

» Carteret Mortgage Corporation
» Accredited Home Lenders, Lone Star Funds - Wholesale
» Western Residential Mortgage
» Liberty Home Lending - Wholesale
» Equipoint Financial Network, Inc.

For the rest » Go to the list!

Implode-O-Meter:

Employment, Taxes, and War | RFWS Podcast ($$)

2/5/2012 6:00 PM

Russ Winter of Winter (Economic and Market) Watch and the Wall Street Examiner's Lee Adler discuss employment and economic maladjustments caused by the tax code stimulus programs, leading to booms followed by busts. Does it matter in the face of a coming liquidity bomb? And Russ thinks that all signs point to war with Iran. In the intermediate term...Read More

MF Global trustee says most missing money found

2/5/2012 6:00 PM

``A trustee seeking to distribute customer securities overseen by bankrupt MF Global Inc. said Monday that they have traced a majority of the cash that disappeared from the commodities broker. "The trustee's investigators have now traced a majority of the cash transactions, totaling more than $105 billion, made in and out of MF Global Inc. in the l...Read More

What If We're Beyond Mere Policy Tweaks?

2/5/2012 6:00 PM

``The mainstream view uniting the entire political spectrum is that all our financial problems can be fixed by what amounts to top-down, centralized policy tweaks and regulation: for example, tweaking policies to "tax the rich," limit the size of "too big to fail" financial institutions, regulate credit default swaps, lower the cost of healthcare (...Read More

Lawmakers push Fannie, Freddie to write-down mortgage principal

2/5/2012 6:00 PM

"Rep. Barney Frank and two other House Financial Services Committee Democrats on Monday pressed Edward DeMarco, the regulator of seized housing finance giants Fannie Mae and Freddie Mac, to write-down the principal on mortgages of underwater homes....Read More

White House to push housing plan despite Republican opposition

2/5/2012 6:00 PM

"The White House has recently promised major steps to boost the housing market and help struggling homeowners, but bruising fights with Congress loom over major pieces of the plan....Read More

Making Over the Mall With Parks and Sermons

2/5/2012 6:00 PM

``as though they were upholstering polyester chairs from the 1960s with Martha Stewart fabric, urban planners and community activists are trying to spruce up and rethink the uses of many of the artifacts. Schools, medical clinics, call centers, government offices and even churches are now standard tenants in malls. By hanging a curtain to hide the ...Read More

The January Jobs Are Statistical Artifacts

2/5/2012 6:00 PM

"Last Friday the US Bureau of Labor Statistics reported that in the first month of this new year 243,000 jobs were created and the unemployment rate (U.3) fell to 8.3 percent. This good news is a mirage. It is due to faulty seasonal adjustments and to the BLS birth/death model. In a prolonged downturn, seasonal adjustments and the birth/death model...Read More

Ron Paul Warns Of Federal Reserve Power Grab

2/5/2012 6:00 PM

"Not only was Obama's appointment of Richard Cordray to the misnamed Consumer Financial Protection Bureau (CFPB) unconstitutional, but the newly minted federal leviathan itself is in direct violation of Constitution, specifically the Tenth Amendment....Read More

Deal Is Closer for a U.S. Plan on Mortgage Relief

2/5/2012 6:00 PM

"The biggest remaining holdout, California, has returned to the negotiating table after a four-month absence, a change of heart that could increase the pot for mortgage relief nationwide to $25 billion from $19 billion....Read More

Bank of America, Wells and Chase's legal woes mount as New York sues

2/5/2012 6:00 PM

"New York Attorney General Eric Schneiderman sued banking's Big Three -- J.P. Morgan Chase , Bank of America and Wells Fargo -- on Friday over their use of an electronic mortgage database that played a key role in financing the nation's historic housing bubble....Read More