The housing market is still PRICED at 3% mortgage rates. Either people get 40% real increases to their wages or Housing market prices fall 40% — Darth Powell (@VladTheInflator) May 26, 2023 it will likely greatly overshoot in the down …
The White House on Friday said it has already approved around 16 million Americans for student debt relief ahead of Supreme Court debate on whether or not the program will be allowed to proceed. https://justthenews.com/government/white-house/white-house-says-it-has-approved-16-million-borrowers-student-debt-relief
by silvertomars lol. pic.twitter.com/vOeaWrjWPn — Sven Henrich (@NorthmanTrader) September 20, 2022 U.S. 2-YEAR TREASURY YIELD HITS HIGHEST SINCE NOVEMBER 2007 AT 3.973%, UP 3 BPS ON DAY — *Walter Bloomberg (@DeItaone) September 20, 2022 How far will the Fed go? …
Ramping credit card debt + rising interest rates = trouble for many, many borrowers who are already struggling with their bills. pic.twitter.com/wIVtxSDhw9 — Markets & Mayhem (@Mayhem4Markets) June 22, 2022 Fed Powell facing criticism for inflation missteps… WASHINGTON (AP) — …
TOPICS AND TIMESTAMPS: Here We Go Again 0:00 Consumers Off 0:46 Subprime 1:58 Higher Than US 5:38 Recession Or Not? 7:48 THIS Is What You Need To Know 13:53
President Joe Biden’s Education Department again moved to ease the burden of U.S. student loans on Tuesday, with the federal government claiming its latest reforms will wipe out debts for 40,000 such borrowers and bring 3.6 million Americans closer to …
by confoundedinterest17 The ball is in the court of The Fed, the Biden administration (HUD) and Congress. Will they take action? There will be more housing inventory hitting the market soon. As home prices are up and most are no longer …
Inflation is coming has been the signal sent from bond markets. More money moving into the stock market. Value stocks have seen more inflows and tech stocks and other growth stocks are also performing well. More money is being pumped …
via housingwire: While it appears that the Federal Housing Administration may not be backing mortgages for Deferred Action for Childhood Arrivals recipients, Fannie Mae declared recently that it supports (and will continue to support) mortgages for DACA recipients, also called Dreamers. In recent weeks, HousingWire has been investigating whether …
by COMPUTER1313 via Bloomberg: Federal student loans are the only consumer debt segment with continuous cumulative growth since the Great Recession. As the costs of tuition and borrowing continue to rise, the result is a widening default crisis that even …
Interesting tid-bit from the article: “The riskiest category of borrowers has never been more leveraged. Companies with junk credit ratings are holding a record low $8 of debt for every $1 of cash, according to S&P.” also this “Ben Breitholtz, …
via Real Investment Advice: “There are benefits of where the dollar is and there are costs of where the dollar is,” Mnuchin said during a panel discussion at the World Economic Forum in Davos, Switzerland. “It’s not a shift in …
by COMPUTER1313 https://www.bloomberg.com/news/features/2018-05-24/small-time-bankers-make-millions-peddling-mortgages-to-the-poor Taylor had recently filed for bankruptcy because of his $25,000 in credit card debt. But he just bought his first home for $120,000 with a zero-down loan from Christian’s company. Monthly debt payments now eat up half …
By David Stockman You can say this for the swamp creatures: Their gall knows no limits. Apparently, the two government lifers running the US Senate—-Mitch McConnell and Chuck Schumer (hereafter “Mitchels & Chuckles”)—-have reached a deal to bust the already red-ink soaked budget by $400 …
by SpontaneousDisorder Interesting to compare the current cycle to before the financial crisis. Consumers have been going crazy by this measure. The recent increase mirrors the excitement we’re seeing in financial markets (stocks, bitcoin etc). Probably the final months of …
by John Rubino One of the hallmarks of late-stage bubbles is a shift of power from lenders to borrowers. As asset prices soar and interest rates plunge it becomes harder to generate a decent yield on bonds and other fixed …
