What Is ‘Zombie Debt?’ Why Homeowners Are Facing Foreclosure on Old Mortgages

What Is ‘Zombie Debt?’ Why Homeowners Are Facing Foreclosure on Old Mortgages

“Zombie debt” – old loans with new collection actions – are resurfacing as properties gain...

Jeff Bezos' Bet On Housing Slide

It should be obvious that billionaires don’t accumulate wealth by accident. Their success is predicated...

US Government to Back Mortgages of More Than $1 Million

The federal government plans to back mortgages of more than $1 million, catching up with...

Rising Interest Rates and Dropping House Prices Squeeze Homeowners With Variable-Rate Mortgages

Amid falling home prices and rising interest rates, homeowners who went with a variable rate...

Citi Warns ‘Rolling Recessions’ Will Shake Global Economy in 2023

Brace for a tough year for global economic growth, Citi warns....

Gold Bound for Best Month in Over 2 Years; Focus on Powell Speech

Gold rose on Wednesday as the dollar eased and was headed for its biggest monthly...

ADP Signals "Turning Point": Weakest Labor Gains Since Jan 2021, Manufacturing Job Losses Soar

The Midterms are over and so any pretense of a ‘strong as hell’ economy are...

One Monetary Policy Fits All – Part II

The dollar is the world’s currency. As such, the Fed’s monetary policy is de facto...

Mortgage Rates Fall for the Third Straight Week, but Demand Still Drops Further

Mortgage rates continue to ease, but demand is not following, as there are few who...

European Central Bank Says Bitcoin Is on the ‘Road to Irrelevance’

The remarks are timely, with the crypto industry reeling from one of its most catastrophic...

Investors Fleeing Housing Market as Bubble Deflates

In another bad sign for a housing bubble that is quickly deflating, investor purchases of...

All Of The World’s Money And Markets In One Visualization

For 15 years, policymakers have tried to stimulate the global economy through money creation, zero-interest-rate...

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