When lenders violate the U.S. federal lending disclosure laws, they may get stuck with the loan losses. This is the case now being argued before the courts in Wisconsin, with major implications on the number of cases to be filed and the loan losses banks may have to write off.
Susan and Bryan Andrews of [...]
Archive for July, 2008
Lawsuit: steering mortgage applicants could mean more writedowns
Jul
Denmark: the latest victim of falling house prices
Jul
According to the Wall Street Journal, Denmark has slipped into recession because of falling house prices. Denmark saw a fairly head rise in house prices during the bubble (58% appreciation from 1997-2005). Since that time, house prices have gone bust.
European recession fears grew Tuesday as Denmark became the first European Union country to [...]
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UK House Prices down in June
Jul
Nationwide, the UK building society, announced today that house prices in the UK fell 0.9% in June. As the worry about the international credit crisis has expanded, the UK has moved centre stage in terms of concern over house prices. As a result, I have begun to track UK house prices alongside [...]
Chart of the day: Japan 1984-2004
Jul
Japan suffered one of the most horrific market meltdowns in history from 1984-2004. Only four years after the last market bottom and on the verge of another global market downturn, it even may be too early to use the past tense to describe the bubble.
Yet, Japan offers a remarkable lesson regarding easy money and [...]
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