Posts Tagged ‘mortgages’

Mortgage Lending Made Easy Makes Me Uneasy

Mortgage Lending Made Easy Makes Me Uneasy

By The Banker | Blog Posts, Wall Street

Yesterday was a pretty big day in the slow unwinding of post-crisis mortgage-lending policy making, according to the Wall Street Journal. I’m not going to jump up and down and declare that this latest negotiated relaxation of federal mortgage standards means we’re back to the pre-Crisis madness. On the other hand, it appears that all [&hellip

New HUD Secretary - The Good and Bad So Far

New HUD Secretary – The Good and Bad So Far

By The Banker | Blog Posts, Texas

Editor’s Note: A version of this post ran this morning in the San Antonio Express News. I can’t remember any speech Mayor Julian Castro ever made to which I paid much attention. Decade of Downtown? Meh. I had just moved to San Antonio’s downtown and I didn’t have any context. Democratic National Convention? I missed [&hellip

On Mortgage Spreadsheets and Old French Origins

On Mortgage Spreadsheets and Old French Origins

By The Banker | Audio Posts, Personal Finance, Video

I was scouring the interwebs lately for a financial education project I’m doing and I came across Sal Khan’s joint educational venture with Bank of America called www.bettermoneyhabits.com There’s some very good stuff there, but I was drawn in particular to his “How does a mortgage work” video. I recommend checking it out here. I [&hellip

Mortgages Part VIII - The Cause of the 2008 Crisis

Mortgages Part VIII – The Cause of the 2008 Crisis

By The Banker | Blog Posts, Wall Street

On the 2008 mortgage crisis, from my perspective Ok friends, are you ready?  I’m about to piss you off. Contrary to the dominant journalistic narrative of the 2008 Crisis – that greedy bankers and their Wall Street enablers tricked the poor and gullible into predatory loans on their homes which led to foreclosures and economic [&hellip

Mortgages Part VI - On Wall Street

Mortgages Part VI – On Wall Street

By The Banker | Blog Posts, Wall Street

How do mortgages make it to Wall Street anyway? None of the following is essential to understanding mortgages from a personal finance standpoint, I just thought the details of mortgage securitization and mortgage bond trading and structuring would be interesting for some people.     I sold mortgage bonds at Goldman for a few years [&hellip