Milwaukee Anyone running out of things to worry about? How about housing finance? Maybe we could party like it was 2007 again and watch it all come crashing down again? For example, The Wall Street Journal, noted that housing “cash-outs” hit the highest level since the 2007 housing meltdown in the 3rd quarter of 20018, …
Tag: mortgage crisis
Governments and Housing: Mortgage Reform in the US and Formalization in Quito Norte
Quito Housing was on my mind. I spent hours yesterday in a pickup riding the steep roads and byways of Quito Norte with our team and local barrio leaders in the area, four up front and three in the back. We traveled more than a dozen kilometers up, down and around the mountain sides, often with …
Spanish Banks Move to Freeze Foreclosures Sounds like a Plan!
New Orleans Watching the banks back track and squirm in Spain over foreclosures that ended in several well-publicized suicides that are now roiling the political establishment in that country is a good lesson in how financial institutions can actually be moved when political will begins to coalesce. In the USA we certainly do not seek …