http://www.zerohedge.com/news/2017-04-27/home-prices-continue-surge-sparking-fears-bubble-20 With each passing day, and each new financial bubble, it becomes more and more difficult to figure out what exactly is "normal."  That said, we can say with near certainty that home prices are not supposed to behave like this: ADVERTISING   Home prices in markets that bubbled over back in 2006/2007, like Las Vegas and San Francisco, got…[...]

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Thursdays LIVE! Click in to the The Neil Garfield Show Or call in at (347) 850-1260, 6pm Eastern Thursdays To Appeal or not to Appeal: That is the Question. In this episode California Attorney Charles Marshall will discuss the pros and cons of filing an appeal. Trial courts are not perfect institutions. They can and do make serious mistakes. And…[...]

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Tags: appeal, appeal decision, attorney charles marshall, attorney charles marshall california, neil garfield radio show
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Contracts to buy previously owned U.S. homes declined in March after rising a month earlier by the most since 2010, as perhaps the seasonal exuberance gives way to affordability constraints. Despite NAR's comments that "home shoppers are coming out in droves this spring," it is evident from the chart below that pending home sales have been stagnant for almost two years.…[...]

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Tags: housing market
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By Richard Bowen, CitiBank Whistleblower http://www.richardmbowen.com/is-the-fed-really-interested-in-protecting-consumer-or-is-it-just-lip-service/ Eric Ben Artzi … is a former risk officer at Deutsche Bank. Mr. Ben-Artzi was one of three former Deutsche Bank employees turned whistleblowers who in 2010-2011 notified regulators of improper accounting at Deutsche. What was discovered resulted in a five-year investigation and a $55 million settlement between Deutsche Bank and the SEC. While Mr.…[...]

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Tags: citibank richard bowen, O.C.C., richard bowen
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The  American Bankruptcy Institute (ABI) has formed a Commission on Consumer Bankruptcy. More information about the Commission is available on its web site . the committee is requesting input and suggestions about the Commission's work. The ABI has asked the Commission to assist with "researching and recommending improvements to the consumer bankruptcy system that can be implemented within its existing…[...]

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Tags: american bankruptcy institute
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‘Blockbuster’ ruling hits lending giant with $46 million for Kafkaesque tactics By Scott Thomas Anderson scotta@newsreview.com https://www.newsreview.com/sacramento/foreclosure-hell-sacramento-judge-says/content?oid=24151197 ILLUSTRATION BY MARGARET LARKIN The young boy playing piano inside his house suddenly looked up. A man he’d never seen before was peering at him through a sliding glass door. The man began pounding on the glass, yelling at the boy to let…[...]

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Tags: Bank of American, Sundquist v Bank of America
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Back at the beginning of creating the false pyramid of "Securitization" 9 lawyers in the New York metropolitan area resigned rather than contribute to drafting securitization documents. They all agreed that what was being requested of them was the drafting of documents to cover up a criminal enterprise. This article spells out part of the problem. Get a consult! 202-838-6345…[...]

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By K.K. MacKinstry/LendingLies Today I listened to a webinar about housing trends hosted by website Housingwire.  Ten-minutes after logging in, I logged off.  Chief Economists from Fannie Mae and the Mortgage Bankers Association discussed economic indicators that were little more than banker's spin.  They stated that Federal Reserve rate hikes would preserve the wealth effect of home equity among the…[...]

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Tags: CoreLogic
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http://www.fanniemae.com/portal/media/financial-news/2017/student-loan-debt-6546.html The massive student loan bubble the Feds created has resulted in a generation that is unable to afford a home like previous generations.  Millenials are often not able to find a job that provides a living wage and the ones that bought into the hype that an over-priced college degree provides value often graduate with tens of thousands of…[...]

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Tags: Fannie MAe, student loan
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If you need some evidence that the echo-bubble in housing is global, take a look at this chart of Sweden's housing bubble. http://www.zerohedge.com/news/2017-04-25/housings-echo-bubble-now-exceeds-2006-07-bubble-peak A funny thing often occurs after a mania-fueled asset bubble pops: an echo-bubble inflates a few years later, as monetary authorities and all the institutions that depend on rising asset valuations go all-in to reflate the crushed…[...]

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