Category Archives: Risky Lending

New home prices might not be what they seem

Posted on September 11, 2023 by grim

From Wolf Street: Mortgage-Rate Buydowns by Homebuilders Are Now All the Rage to Prop Up Sales, Lowering Effective House Prices in a Big Way, but Don’t Get Picked Up by House Price Data Homebuilders don’t have the luxury of outwaiting … Continue reading →

Posted in Economics, Mortgages, National Real Estate, New Development, Risky Lending | 35 Comments

VLY goes all-in

Posted on May 3, 2023 by grim

From the Real Deal: Jersey boys: Valley Bank emerges as lifeline for NYC real estate For a few weeks in March, it seemed like 2008 all over again.  The tech industry’s go-to lender, Silicon Valley Bank, was seized. Depositors rushed to … Continue reading →

Posted in New Jersey Real Estate, NYC, Risky Lending | 96 Comments

Don’t worry about commercial real estate…

Posted on April 9, 2023 by grim

From Insider: Most of Wall Street is panicking about commercial real estate – but Goldman Sachs says there’s little chance it triggers a financial crisis It seems like there are three words on the lips of every investor now that … Continue reading →

Posted in Economics, Mortgages, National Real Estate, Risky Lending | 24 Comments

Jersey shore is underwater, but you still can’t get a good deal

Posted on April 6, 2023 by grim

From CNBC: A hidden time bomb? A ‘Big Short’ investor sees financial disaster brewing in housing markets More than a decade after a U.S. mortgage meltdown threatened to destroy the international financial system, a “Big Short” investor once again sees … Continue reading →

Posted in Crisis, National Real Estate, Risky Lending | 104 Comments

The bailout that’s not a bailout…

Posted on March 13, 2023 by grim

From CNBC: Bill Ackman says U.S. did the ‘right thing’ in protecting SVB depositors. Not everyone agrees Billionaire investor Bill Ackman said the U.S. government’s action to protect depositors after the implosion of Silicon Valley Bank is “not a bailout” and … Continue reading →

Posted in Economics, Politics, Risky Lending | 155 Comments

Do you have to pay it back?

Posted on February 17, 2023 by grim

From CNBC: Consumer debt hits record $16.9 trillion as delinquencies also rise Consumer debt hit a fresh record at the end of 2022 while delinquency rates rose for several types of loans, the New York Federal Reserve reported Thursday. Debt … Continue reading →

Posted in Economics, National Real Estate, Risky Lending | 53 Comments

Just the beginning?

Posted on February 13, 2023 by grim

From DSNews: January Foreclosure Filings Up 36% YoY Foreclosure volume continues in America, with year-end totals reaching 31,557, which includes default notices, scheduled auctions, or bank repossessions, a 36% increase compared to the previous year. The numbers reported in January … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, National Real Estate, Risky Lending | 129 Comments

Why not assumable loans?

Posted on December 9, 2022 by grim

From MarketWatch: How people bought homes in the 1980s when mortgage rates were 18% For all the similarities between the 1980s and today, there are key differences. One of them involves “assumable mortgages,” which were plentiful then and are in … Continue reading →

Posted in Economics, Mortgages, National Real Estate, Risky Lending | 166 Comments

This always ends well

Posted on August 30, 2022 by grim

From the FT: Big US mortgage lenders turn screws on smaller rivals as rates rise The two largest US mortgage lenders are turning up the heat on their smaller competitors, offering discounts and other incentives to win market share as … Continue reading →

Posted in Housing Bubble, Mortgages, Risky Lending | 196 Comments

Oh well?

Posted on August 21, 2022 by grim

From Bloomberg: US Mortgage Lenders Are Starting to Go Broke The US mortgage industry is seeing its first lenders go out of business after a sudden spike in lending rates, and the wave of failures that’s coming could be the … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, Risky Lending | 33 Comments

Isn’t this the American Dream?

Posted on February 25, 2022 by grim

From Yahoo Finance: New Jersey’s American Dream Megamall Is Once Again Sinking in Debt Since its groundbreaking nearly two decades ago, the megamall built in New Jersey’s Meadowlands has done little except hemorrhage cash. Now, less than two years after … Continue reading →

Posted in Economics, Employment, New Development, New Jersey Real Estate, Risky Lending | 326 Comments

Impact or not?

Posted on September 16, 2021 by grim

From the Philly Voice: U.S. housing market faces ‘shock’ from end of mortgage forbearance — but no bubble, experts say Pandemic policies have undoubtedly shaped the way the U.S. housing market has functioned throughout the health crisis, which has had … Continue reading →

Posted in Economics, Mortgages, Politics, Risky Lending | 113 Comments

Clear to close? Think again.

Posted on September 9, 2021 by grim

From Inman: Ida flooding could jeopardize 47,000 home sales in NY and NJ Devastating flash floods in New York and New Jersey in the aftermath of Hurricane Ida could delay or derail as many as 47,000 pending real estate transactions … Continue reading →

Posted in Mortgages, New Jersey Real Estate, Risky Lending | 197 Comments

It’s just not possible here

Posted on July 22, 2021 by grim

From Bloomberg: Zero-Down Mortgages Stoke U.S. Subprime-Like Fears in Canada They’re the kind of exotic mortgages that one typically associates with the reckless, go-go housing market that gripped the U.S., circa 2005: Put down 5% cash and get 3% back; … Continue reading →

Posted in Housing Bubble, Risky Lending | 378 Comments

Delinquencies at 20 year low

Posted on December 20, 2019 by grim

From CoreLogic: The States Leading in Nationwide Delinquency Rate Drops The overall delinquency rate was 3.8% nationwide in September, down from 4.4% a year earlier and the lowest for the month of September in more than 20 years, according to the latest … Continue reading →

Posted in Economics, Foreclosures, National Real Estate, Risky Lending | 67 Comments