Who Is To Blame For Borrowers Taking Loans They Can’t Afford?

Ever since the mortgage crisis started in 2008, there has been a wide divergence in opinions on who was to blame for borrower defaults.  Many blame greedy bankers who abdicated sound underwriting principles for financial gain by approving mortgages for unqualified borrowers.  Others blame the borrowers themselves for being irresponsible and taking on debt that […]

Fannie Mae Housing Survey – Consumers Believe Prices Have Bottomed But Prefer To Rent

The large and continuing decline in asset values has been one of the greatest contributing factors to loan defaults and subsequent banking failures.  Today’ release of Fannie Mae’s National Housing Survey provides good news for banks if consumers are correct in their belief that housing prices have bottomed. The survey reveals that 78% of Americans […]