Hey, Let’s Invest In Some Subprime Mortgages!
Ben Carson has joined the Committee to Re-Inflate the Housing Bubble.
The Trump administration is vastly expanding the scope of condominium purchases eligible for lower-down-payment loans.
The move, to be announced Wednesday by the Federal Housing Administration, could help revive the entry-level condo market for first-time buyers because FHA-backed loans require only a 3.5% down payment and lower credit score than conventional loans.
It also loosens financial-crisis-era rules and could expose the government to a higher probability of loan default if the housing market continues to slow and prices fall.
Let’s review some headlines: inverted yield curve, the Fed already acting like we’re in a recession, apparently endless if desultory trade war under way, etc. Stocks are all over the place, but it’s not just stocks:
The Merrill Lynch Move Index, which measures volatility in government bonds, has jumped about 43% this month, FactSet data through Friday show. Measures of currency volatility and oil-market swings through the Cboe/CME FX Yen Volatility Index and Cboe Crude Oil ETF Volatility Index also have risen in August. The currency volatility gauge last Monday hit the highest level since early January.
Yesterday saw the Dow drop 800 points and social media went into meltdown.
As Safe As Auschwitz: The Nazi German Deutsche Bank’s Greatest Coup In American History
US Gov. partners with Home Thievin’ Nazi German Deutsche Bank, which stores in excess of 21 million homeowners legal documents.
The One Percenters: Donald Trump Created the Wealthiest Wall St. Cabinet in US History
Trump’s Goldman Sachs Cabinet appointments allowed the largest Wall Street players to remain as virulent and parasitic as they are now.
PHH Mortgage Corporation and the Anti-Consumer Agency CFPB’s Relationship is Undoubtedly Incestuous
Here’s proof that Wall Street has controlled and conspired with the US Govt in the Greatest Theft of Citizens Homes in American History.
Indymac Bank’s Revival Attempt by Fannie Mae Defeated in New York Supreme Court
Despite a default judgment, Indymac Bank, Ocwen Loan Servicing, LLC and Fannie Mae vindictively litigated to reinstate their case. They lost.
The Fall of Indymac and the Failure of Sen. Chuck Schumer. Fifteen Painful Years Later, He Needs to Go.
The irony in this whole situation is that Sen. Schumer was trying to warn about a run on the bank, when that very warning helped cause a run.
Indymac Bank’s Victor Woodworth: This is What Jail Looks Like for the Sr VP of Predatory Lending
You will note in the FDIC litigation involving Indymac Bank, Victor Woodworth is listed as Senior Vice President.
#DidYouKnow MORTGAGE FRAUD – BANK FINES NO JAIL; Including both cash and non-cash consideration such as consumer relief, Bank of America paid $16.65 billion ; J.P. Morgan, $13 billion; Deutsche Bank, $7.2 billion; CORRECTION $0, THE GERMANS SAID HELL NO; THE DON OWES US! #Trump
— LawsInTexas (@lawsintexasusa) August 12, 2019
One of the causes for the Panic of 1893 can be traced back to Argentina. One of the causes for the Panic of 2019 can be traced back to Argentina, another to Trumps’ Cabinet of Bankers. In 1893 @JPMorgan had to Bail Out the President, this time round it was @DeutscheBank #Panic
— LawsInTexas (@lawsintexasusa) August 14, 2019
