Showing posts with label mortgages. Show all posts
Showing posts with label mortgages. Show all posts

October 26, 2018


What a bunch of idiots!

fromSovereignMan: FICO decided that they would reinvent the way they calculate the scores– giving a big boost to people with bad credit. People who have a history of not paying their bills will immediately be deemed creditworthy.
Economic Policy: Statism Versus The Free Market

The shocking differences between Google and DuckDuckGo

fromLibertarianNews: Don't be a chump. Don't be tracked and manipulated. Make DuckDuckGo your default web search engine.
Indoctrination and Censorship

Thousands line up for zero-down-payment, subprime mortgages

fromCNBC: Deja Vu. Borrowers can have low credit scores, but have to go through an education session about the program and submit all necessary documents, from income statements to phone bills.
Economic Policy: Statism Versus The Free Market

Brothers face $450,000 in fines for cutting trees on their own property without asking gov’t first

fromTheFreeThoughtProject: For removing invasive trees on their own property, two brothers are being fined a half million dollars because they didn't ask the state for permission first.
The Government is Not Us     Regulation Nation

The NEW social media: alternatives to Facebook, YouTube,Twitter, and other Big Tech platforms

fromActivistPost: You probably won’t find your parents, your best friend from kindergarten, and your Aunt Suzie on these platforms – not yet, anyway. But what you WILL be able to do is speak without fear of censorship.
Indoctrination and Censorship

The public sector pension crisis

fromReason: Will your state pay what its politicians promised? Almost certainly not.
Economic Policy: Statism Versus The Free Market

Joshua Krause: Americans Embrace Debt As New Norm

7 in 10 believe that debt is necessary.   America’s debt problem has been widely documented over past few years, and not just the public kind. The average American is swimming in trillions of dollars in medical fees, car payments, mortgage liabilities, as well as credit card statements and college tuitions. However, none of that is shocking        ... MORE

John Stossel: The Next Bubble

They're doing it again!      When the last housing bubble burst, politicians blamed "greedy banks." They said mortgage companies lent money recklessly, making loans to people with dubious credit, for down payments as low as 3 percent. "It will work out," said the optimistic bankers. Regulators didn't disagree. Everyone said, "Home prices  ... MORE

California City Tramples Property, Contract Rights

by Bob Barr.       It’s easy to make fun of California, the “Land of Fruits and Nuts,” with its history of “flower power” and its “fragrance free zones”; where environmental whackos are exalted, and Second Amendment supporters demonized. What is not humorous, however, are efforts by officials in the Golden State to use the power of      ... MORE

Heritage Foundation: The 10 Worst Regulations Of 2012

by Diane Katz and James Gattuso.      During 2012, virtually every aspect of American life was subjected to government meddling, ranging from how many calories you consume to how efficient your dishwasher is. These rules affect us in a variety of ways. Most increase the cost of living, others hinder job creation, and many erode our freedom.   ... MORE

Who Benefits From The Mortgage Interest Deduction?

by Anthony Randazzo & Dean Stansel.    The federal income tax code is riddled with loopholes, deductions, and credits designed to promote various social goals and benefit assorted groups of Americans. One of the largest of these is the mortgage interest deduction (MID), which allowed taxpayers to claim benefits of $82.7 billion in      ... MORE

Michael Barone: Mexican Migration May Be Over

A historical view. Is mass migration from Mexico to the United States a thing of the past? At least for the moment, it is. Last May, the Pew Hispanic Center, in a study based on U.S. and Mexican statistics, reported that net migration from Mexico to this country had fallen to zero from 2005 to 2010. Pew said 20,000 more people moved to Mexico from the      ... MORE

How Government Workers Profit At Taxpayer Expense

by Steven Greenhut.   Stockton, California city workers who attended the unveiling of a new report detailing the trends in public-employee compensation in California on Wednesday night complained about cuts in their compensation packages that are causing hardship for them and their city. But the report, prepared on behalf of the Howard Jarvis  ... MORE

Matt Cover: Obama Bailout Claim Off By $24 Billion

Obama: "got back every dime."  CBO: lost $24 billion. President Barack Obama said on Thursday that “we got back every dime we used to rescue the financial system." According to the Congressional Budget Office, however, the government will lose about $24 billion on the bailout. “We got back every dime we used to rescue the financial system, but    ... MORE

VIDEO: Reality Check: What is QE3?


And What It Means For You and The U.S. Economy

Gary Owen: Housing Crisis Redux

New wave of subprime loans demanded by government.    The 2008 melt down of the economy was a lesson.  The government learned well and is doing it better this time. A new wave of subprime mortgages is here, more powerful than the  tsunami that washed away the worlds economy with the Community  Reinvestment Act.  William Tucker informs us     ... MORE

Anthony Randazzo: No, This Is Not A Housing Recovery

Those saying we're in a housing recovery are wrong. We have not reached the bottom of the housing market. I hate to say it. I really do hate to always be the pessimist. And I don’t say this because I’ve been steeped in a couple decades' worth of bitterness as a Red Sox fan. The numbers are just not adding up to recovery. It is all the rage these ... MORE

Fannie Mae Needs Another $4.6Billion From Taxpayers

Government bailouts, the gift that keeps on giving. Mortgage giant Fannie Mae said Wednesday that it lost money in the fourth quarter and is asking the federal government for nearly $4.6 billion in aid to cover its deficit. Washington, D.C.-based Fannie said it lost roughly $2.4 billion in the October-December quarter, stung by declining home prices.      ... MORE