New Orleans Increasingly it seems that we are going to have to decouple the issue of home ownership and affordable housing at least in the traditional sense of small footprints in the dirt with picket fences around them. Home ownership due to harder loan standards, tighter credit, and the Great Recession has now fallen to …
Category: Foreclosure
More Evidence Emerging of the Big Banks Role in Mortgage Meltdown
New Orleans If there is anyone over the age of 10 years old that has any doubt that the pure and simple, unchecked greed of banks caused the mortgage meltdown triggering the Great Recession, please read, and listen carefully. Information now coming out on the dealings between Morgan Stanley, the Wall Street behemoth that acted as …
New and Better Mortgage Lending Standards Maybe
New Orleans The press is making a big deal of Mel Watt’s comments as the chief housing regulator at the Federal Housing Finance Agency to the Mortgage Bankers Association’s convention in Vegas. He claims he has a new plan to loosen up the rules so that banks finally lend some money to first-time buyers and …