Blog Profile / Mortgage Lender Implode-O-Meter

Filed Under:Business & Finance / Mortgage & Banking
Posts on Regator:21266
Posts / Week:43.3
Archived Since:April 25, 2008

Blog Post Archive

Donald Trump took bulk of $107 million for inauguration promised to charities ... and kept it

President Donald Trump's inaugural committee raised an unprecedented $107 million for a ceremony that officials promised would be "workmanlike," and the committee pledged to give leftover funds to charity....The $107 million is a massive amount for even the most lavish inauguration. Show More Summary

'No evidence QE works' as balance sheet unwind starts

There's little question that the program, known as quantitative easing or "money printing," boosted the stock market. The three iterations of QE between November 2008 and October 2014 each saw big boosts to the market, with a cumulative S&P 500 gain from beginning to end, including the various down periods between each leg, of about 140 percent. Show More Summary

Toys R Us -- crushed by debt -- files for bankruptcy

Toys R Us been spiraling toward bankruptcy for years as it failed to keep up with competitors. Analysts cited many reasons for the company's demise: Lousy in-store customer service, a second-rate website and prices that are often higher than at many of its big-box competitors. Show More Summary

Equifax Suffered a Hack Almost Five Months Earlier Than the Date It First Disclosed

``Bloomberg is reporting that Equifax, the credit reporting company that recently reported a cybersecurity incident impacting roughly 143 million U.S. consumers, learned about a breach of its computer systems in March -- almost five months before the date it has publicly disclosed. Show More Summary

After single payer failed, Vermont embarks on a big health care experiment

The underlying premise is simple: Reward doctors and hospitals financially when patients are healthy, not just when they come in sick.... Vermont is setting an ambitious goal of taking its alternative payment model statewide and applying...Show More Summary

Bitcoin roars back from Chinese-regulation spurred swoon

Prices are rebounding because traders in China are likely to switch to alternative exchanges or seek loopholes in the regulation, said Peter Van Valkenburgh, director of research at Coin Center, a Washington-based nonprofit research firm focusing on cryptocurrencies. Show More Summary

Gary Cohn Is Giving Goldman Sachs Everything It Ever Wanted From the Trump Administration

GOLDMAN SACHS had been a favorite cudgel for candidate Trump -- the symbol of a government that favors Wall Street over its citizenry. Trump proclaimed that Hillary Clinton was in the firm's pockets, as was Ted Cruz. It was Goldman Sachs...Show More Summary

Hurricane Maria strengthens to Category 5, Puerto Rico prepares for potentially catastrophic storm

``... for the first time in 85 years, Puerto Rico is expected to suffer a direct landfall from a Category 4 or 5 hurricane. Puerto Rico's governor has declared a state of emergency ahead of that landfall, which will likely happen Wednesday.''

Yellen's Legacy Burnished by Job Market Hunch, Crisis Policy Exit

President Donald Trump said in July that Yellen is "absolutely" in the running to remain at the helm of the U.S. central bank when her term expires in February. That doesn't mean he'll pick her, or that she even wants a second term. Yellen has declined to comment on the topic. Show More Summary

Greece told to begin online auctions or face a bank bail-in

``The creditors have explicitly warned Athens about the prospect of a new recapitalization and the risk of a bail-in for banks and their depositors unless the auctions proceed quickly, as their representatives told notaries and banks in Greece during the presentations of the auctions' online platform, according to the president of the Notaries' Association, Giorgos Rouskas.''

Global Central Banks Can't Ignore the Bitcoin Boom, BIS Says

The world's central banks can't ignore the growth in cryptocurrencies and may at some point have to consider whether it makes sense for them to issue their own digital currencies, according to the Bank for International Settlements.... Show More Summary

The eurozone may be back on its feet. But is Greece?

``... if progress on Greece's privatisation programme is anything to go by, the eurozone's most troubled economy is still in the foothills of recovery. Despite signs of resurgence -- at 0.7%, Greece recorded two consecutive quartersShow More Summary

Pension Storm Warning - Mauldin

``What's the endgame? I think much of the US will end up like Puerto Rico. But the hardship map will be more random than you can possibly imagine. Some sort of authority -- whether bankruptcy courts or something else -- will have to seize pension assets and figure out who gets hurt and how much. Show More Summary

Equifax Chief Information Officer and Chief Security Officer retire following breach

A week after Equifax disclosed it suffered a massive data breach that may have compromised sensitive information belonging to 143 million people, the credit reporting agency's chief information officer, David Webb, and chief security...Show More Summary

"Going Broke at Mach 30"

``"Can you imagine how miserable the economy will be when it's larded up with $40 trillion in government debt?  You'd be lucky if GDP merely flat lined.  The whole dang shebang will be crushed under weight of this massive debt.  And don't get me started on corporate and private debt -- that's a whole other story.''

Catalonia referendum: Spanish state poised to seize Catalan finances - BBC News

Secessionists in the wealthy region in north-eastern Spain pushed ahead with their referendum project after winning control of the region's parliament in 2015, buoyed by a wave of discontent with rule from Madrid.The Spanish government...Show More Summary

Debt-ceiling shift signifies a remarkable political evolution for Trump

President Trump on Thursday signaled openness to a proposal to effectively eliminate the federal limit on government borrowing, a dramatic reversal from his view as a candidate and the long-standing position of the Republican Party that the debt limit should be raised only if other steps are taken to restrain the size of government. Show More Summary

Hugh Hendry Shuts Down His Hedge Fund; Predicts Inflationary Surprise

In the middle of 1964, CPI core inflation was running at 1.7% and indeed dropped to just 1.2% in 1965; unemployment was 4.5%, the same as today. And yet by the end of 1966 inflation had essentially got out of control and didn't dip below 2% again until 1995, almost 30 years later.... Show More Summary

Were you impacted by the Equifax breach? You risk financial chaos by doing nothing

Because the Equifax credit reports contained so much personal information, including Social Security numbers and financial account information, fraudsters could use the report for reasons including new account fraud, medical identity...Show More Summary

Fed to take historic leap into the unknown (+TRIES NOT TO SPOOK MARKETS)

The Federal Reserve is set to take a leap into the unknown next week by beginning to sell some of the roughly $3.7 trillion of bonds and mortgage securities it amassed during the financial crisis. The Fed will meet on Tuesday and Wednesday...Show More Summary

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