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Credit Reporting Agencies Fined $23 Million For Practices

Credit Reporting Agencies Fined $23 Million For Practices

After a lengthy investigation, the Consumer Financial Protection Bureau reports that two of the three major credit reporting agencies have deceived consumers.
Both Equifax and Transunion were dinged for deceit and also for taking advantage of consumers. The agencies were fined over $23 million.

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Housing Drop Sign Of Recession?

Housing Drop Sign Of Recession?
As we've pointed out numerous times in recent months, real estate in America's largest metropolitan areas like New York and San Francisco looks to be rolling over in a big way. Earlier this week we pointed out that the volume of apartment sales in New York was down 20% YoY in 3Q 2016 as buyers disappeared while sellers, who have grown accustomed to...
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Is The Party Over For Globalist?

Is The Party Over For Globalist?
But exotic cars and jewelry aren't the only items not moving as real estate brokers say that Greenwich mega mansions are sitting on the market for years amid collapsing prices. As head of Starwood Capital Group, Barry Sternlicht, said the rich are beingmaddeningly frugal "you can't give away a house in Greenwich." In fact, according to Houlihan Law...
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China's House Of Cards Collapsing

China's House Of Cards Collapsing

​But nothing does China's housing bubble justice quite like a simple chart showing what is going on right now with home prices in Shenzhen, which incidentally also puts the housing bubble in the context of China's recently burst stock market bubble. No comment necessary.

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HUD Failures Part Of Decades Long Debacle

HUD Failures Part Of Decades Long Debacle

​HUD's inspector general couldn't audit billions of dollars worth of the agency's spending because it's financial statements and systems were missing records, were inaccurate, and even broke federal law, according to a report made public Monday.


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