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"mortgage" tag
financial-crisis

Disaster in Making: Role of Monetary contracts in creating mortgage crisis

Mortgages purchased by Fannie Mae and Freddie Mac were sold in the market through Securitization – a financial mechanism under which various contractual debts/loans like home loans, auto loans, credit card debt/loan obligations, etc. are...

mortgage

Mortgage Applications Drop Despite Lower Mortgage Rates: Industry is Baffled

 A month ago, mortgages reappeared in the housing-hype circus, when it was widely reported that mortgage applications “soared” and “jumped.” Both types of mortgage applications did so: those used to purchase a home (purchase mortgages)...

financial-crisis-bank-fines-marketexpress-in

Financial crisis bank fines hit record 10 years after market collapse

Since the outbreak of the financial crisis in 2007, financial institutions have paid more than Qatar’s GDP in fines for their wrongdoings. As investigations and lawsuits continue, that number is expected to grow. $150 billion...

Fed to or not to taper

The global capital markets have been feeling the effect for several months and now the cause is at hand. The Federal Reserve is set to decide whether to continue at the same pace the purchases of...

JPMorgan Chase accused of massive fraud

New York state has filed a civil suit against JPMorgan Chase over the allegedly fraudulent sales of mortgage-backed securities. The suit comes just one month shy of the US presidential election. New York’s attorney general...