mortgage

Worldwide Housing Declines: U.S. Halfway Down the List

Interesting data, but what about that graph overlay going back to 2005?

Modern Subprime Finance 101

Good chart. The crisis is actually due to CDO structure and leverage, not just the subprime collateral. Wall St. & the rating agencies have ducked this critical point. Any A, AA or AAA asset that is synthetically created and leveraged 10, 20 or 30x on top of BBB tranches is suspect. Using teaser rate Subprime/ Alt A that would have payment shock was playing Russian Roulette.

California Home Sales: 43% Year Over Year Increase!

Any breakdown on different Zip Codes?

Ultra Short Financials Proshares ETF: Profit From the Housing Bubble

He needs to learn more about the difference between mortgage broker and a banker. The bankers (lenders) did not make more money on the teaser loans...the brokers (the ones that got the customer to sign the docs without fully explaining the risks and implications) made the $ in extra points, often undisclosed...Yield Spread Premium YSP!