Large U.S. Banks Are Desperate to Grow & Extend the Housing & Real Estate Bubble?




from WallStForMainSt

While the countrywide macro US home price data like Case-Shiller looks good still, there’s red flags beneath the surface of the local real estate markets like Miami and the San Francisco/Silicon Valley area and large US banks and mortgage bankers are starting to do desperate things to try and extend and grow the US real estate bubble.

New Danielle DiMartino Booth real estate article out today: The Housing Market’s Rebound Is No Mirage https://www.bloomberg.com/amp/opinion…

Track the S&P/Case-Shiller U.S. National Home Price Index Here: https://fred.stlouisfed.org/series/cs… or here: https://tradingeconomics.com/united-s…

Appraisals are no longer required on some home sales of $400,000 and under and large US banks are up to some old tricks and some new tricks to try and grow and extend the US real estate bubble.

Wells Fargo, Bank of America, Quicken Loans, others want DTI requirement eliminated from QM lending rules https://www.housingwire.com/articles/…

It’s official: Appraisals are no longer required on some home sales of $400,000 and under https://www.housingwire.com/articles/…

Credit Suisse and Citigroup join other major banks in mortgage bond revival, with a twist https://www.marketwatch.com/story/cre…

Miami Real Estate Is About To Collapse? http://adventuresincapitalism.com/201…

Is WeWork A Fraud? https://www.zerohedge.com/markets/wew…

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