A decade after the financial crisis, the government still maintains many of the same incentives that drove too much investment into residential real estate. Washington still stands behind mortgage monsters Fannie Mae and Freddie Mac.
Mortgage rates remain historically low and recently moved lower. And anyone hoping it will be a long time before America’s next housing mania has to be concerned about a revival in a particular type of risky lending.To Read the Full Story
FreemanWSJ I am sick of radio commercials about $150 ticket house flipping seminars.
RT : Opinion: Anyone hoping it will be a long time before America’s next housing ...
FreemanWSJ Bank regulations were set in place along with President Trump's deregulation program that would prevent that from happening
FreemanWSJ Who were the losers in the last meltdown? Not the leader of the big banks and government agencies, it was the overextended home owners, contractor, and taxpayers. Next round, shame stuff. Congress is back in power, let them eat dirt.
FreemanWSJ As long as the finance guys are allowed the freedom around what they consider 'innovation', the systemic risks that are and will be created are a given! We need regulatory management with an ability to limit risk driven funding..