Category: Credit

Strategic mortgage denial

15 November, 2013 (09:00) | Credit, Foreclosure, Homeownership, Markets, Strategic mortgage default, Underwriting, US News |

By:David A. Smith   From the What-did-you-expect? Department comes this story of people who, deserving no sympathy, are astonished, mortified, flabbergasted to discover that they get none – as reported in Market Watch (October 18, 2013):   Foreclosures dog even wealthiest home buyers   As I’ve posted before, for some reason unfathomable to me, journalists […]

That sound you hear: Part 3, the silence of the lambs?

30 December, 2011 (12:30) | Capital markets, China, Credit, Global markets, Markets, Recession, Speculation, Subprime |

[Concluded from yesterday's  Part 2 and the preceding  Part 1.]   By:David A. Smith   In yesterday’s Part 2, using as main text a Telegraph story by long-time China skeptic Ambrose Evans-Pritchard, and a doom-saying report a month ago from The Epoch News (13 November 2011), we discovered that the long-foretold but long denied correction […]

That sound you hear: Part 2, the whoosh of falling BRICs?

29 December, 2011 (19:12) | Capital markets, China, Credit, Global news, Markets, Recession, Speculation, Subprime |

[Continued from yesterday's  Part 1.]   By:David A. Smith   In yesterday’s post, we discovered that the long-foretold but long denied correction may be coming to the Chinese housing markets, as presented in a Telegraph story by long-time China skeptic Ambrose Evans-Pritchard, and supplemented by this report a month ago from The Epoch News (13 […]

That sound you hear: Part 1, the quiet of the stall?

28 December, 2011 (13:29) | Capital markets, China, Credit, Global news, Markets, Recession, Speculation, Subprime |

By:David A. Smith   That’s Brazil, Russia, India, and China, to you   Hard though it is to believe, if a Telegraph story is right, an economy touted for a decade as the Asian wirtschaftswunder may prove a magnificent obsession, a massive misallocation of capital in fixed assets and infrastructure for which there is far […]

Nobody home to go his bail

19 May, 2011 (09:17) | Collateral, Credit, Equity, Homeownership, Innovations, Markets, Security, US News | 1 comment

By: David A. Smith    I found out last Monday That Bob got locked up Sunday They’ve got him in the jailhouse way down town. – In the Jailhouse Now, Jimmie Rodgers   You’ll need some large collateral   Despite their prevalence in hard-boiled movies, I’ve never understood the business model of bail bondsmen until […]