Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
Written by Gary North on May 16, 2012
Maybe you recall that the big banks were forced by a settlement to pay $25 billion for their robo-signing schemes that violated contracts with specific homeowners. The banks paid the governments, not the victims. Do you think the money is now being used to help home owners? If you are that dense, you are dumb […]
Continue reading →Written by Gary North on April 6, 2012
The housing crisis began in 2007, escalated in 2008, and became a disaster in 2009. It’s going to begin again. It will be a great time for investors. “We are right back where we were two years ago. I would put money on 2012 being a bigger year for foreclosures than 2010,” said Mark Seifert, […]
Continue reading →Written by Gary North on December 30, 2011
So, you think “a contract is a contract, a deal’s a deal.” Not in housing, it isn’t. Â Delinquent borrowers facing foreclosure are learning that they can stay in their homes for years, as long as they’re willing to put up a fight. Among the tactics: Challenging the bank’s actions, waiting to file paperwork right up […]
Continue reading →Written by Gary North on December 2, 2011
The State of Massachusetts has refused to settle with the big banks that used what the state says was improper paperwork in foreclosing. Other state attorney generals had proposed a mild slap on the wrist of the banks. That joint deal is likely to fall apart. The banks say they will fight the State of […]
Continue reading →Written by Gary North on December 2, 2011
Historically, Americans have wanted to own their homes. This is true, even though, on average, Americans move every five years. The goal of home ownership was a social phenomenon. But because prices always seemed to rise, and because you could get leverage (mortgage), home ownership became the most popular capital investment. All this burst in […]
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