Thursday, February 7, 2008

Panorama - Bursting the House Price Bubble

A must to watch

Special thought to vonric :)

The others 2 parts.

Tuesday, February 5, 2008

Mortgage Fraud in the USA

Vi Marginal Revolution

BasePoint Analytics LLC, a recognized fraud analytics and consulting firm, analyzed over 3 million loans originated between 1997 and 2006 (the majority being 2005-2006 vintage), including 16,000 examples of non-performing loans that had evidence of fraudulent misrepresentation in the original applications. Their research found that as much as 70% of early payment default loans contained fraud misrepresentations on the application.