John WakeinBubble NotebookThe Great Real Estate Bubble — ExplainedMoney Chasing HomesJun 18, 2016Jun 18, 2016
John WakeinBubble Notebook2 Ignored Impacts of “Too Low, Too Long”The Fed’s drastic reduction in interest rates following the Dot-Com stock market bust is often described as “Too low, too long.”Jun 12, 2016Jun 12, 2016
John WakeinBubble NotebookFannie and Freddie Financial Innovations“Fannie Mae and Freddie Mac were statutorily required to hold mortgages with at least 20% down payment. The way the GSEs [Fannie and…May 14, 2016May 14, 2016
John WakeinBubble NotebookCrowdsourcing Housing Bubble PreventionAn economist at the Bank of International Settlements looked at 60 countries and found the most common housing policy changes over the last…May 12, 20161May 12, 20161
John WakeinBubble NotebookThere’s Subprime and There’s SubprimeSubprime is the top villain in most explanations of the Great Real Estate Bubble but not all subprime mortgages were created equal.May 11, 2016May 11, 2016
John WakeinBubble NotebookColossal Failure of Rating AgenciesThe ratings agencies (Moody’s, Standard & Poor’s and Fitch) had a terrible track record even before the Great Real Estate Bubble and the…May 10, 2016May 10, 2016
John WakeinBubble NotebookThe Miracle of Mortgage-Backed SecuritiesIn the olden days, when savings and loans (and banks) made and held mortgages on their own books, they bore the entire cost when bad loans…May 9, 2016May 9, 2016
John WakeinBubble NotebookThe Rise of Fannie & FreddieThe mortgage system that replaced Savings and Loans was;May 8, 2016May 8, 2016
John WakeinBubble NotebookThe Rise & Fall of Savings and LoansEarly in the Great Depression (before Roosevelt?), a new federal banking charter was created for savings and loans. Savings in federally…May 7, 2016May 7, 2016
John WakeinBubble NotebookThinking out loud about the Housing BubbleI’ve been trying to figure out what the hell happened during the Great Real Estate Boom and Bust.May 7, 2016May 7, 2016