RickB

Common Sense: My Solution to the Mortgage Crisis

Why isn't anyone up in arms over the fact that these defaulted debts probably had PMI? Since we never received any premiums, why are we now footing the !$#%@ bill??

Housing on the Slide

"Why should housing prices be above their long-run normal ratio to something (rental rates, income)? "

I don't believe there is any reason to believe it. In fact, I'd expect that the new wave of spec $ won't be enticed to the joys of r.e. mgmt till prices are at least .90 of rental income. Why commit $ if no reward?

Prime Foreclosures Now Greater Than Subprime

misleading article - look at the %, not the total #