Enter into that the cast of characters who bet against the big banks, and potentially, the American economy to get rich while the Empire crumbled.
Add in a couple of Hollywood A-listers and you get The Big Short movie, based on the book by Michael Lewis. -- Jacob Gaffney in HousingWire http://www.housingwire.com/blogs/1-rewired/post/35122-watch-hollywoods-a-list-brings-subprime-to-the-silver-screen?eid=311684310&bid=1185288
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A survey commissioned by online brokerage Redfin of 2,134 Americans finds one in five buyers made an offer on a home without having visited it in person.
In fact, some 17% of buyers bought a home without an agent’s help, a significantly higher portion than is cited in the most widely accepted report on this figure. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/35091-survey-1-in-5-homebuyers-make-offer-sight-unseen?eid=311684310&bid=1180715
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Shared and taken by Xalima Miriel, Medieval town of Obidos, Spain.
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Building permits in August 2015 were at a seasonally adjusted annual rate (SAAR) of 1,170,000, up 3.5 percent from the revised July rate and up 12.5 percent from August 2014.
Housing starts in August 2015 were at a SAAR of 1,126,000, down 3.0 percent from July but up 16.6 percent from August 2014. -- Department of Commerce
-------------------------------------------------------------A total of 1,947,028 U.S. single family homes and condos sold through August in 2015, up 5.4% from the same time period a year ago to the highest total for the first eight months of the year since 2007, when there were 2,069,963 sales. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/35138-half-of-major-metros-on-track-to-hit-highest-home-sales-since-2007?eid=311684310&bid=1185567
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Shared by Valentina Cirosola, taken by Semra Suvaçoğlu.
Beautiful building - Casa Galimberti Liberty Style, Milano Italy.
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The Consumer Financial Protection Bureau finalized several changes to its mortgage rules to expand access to credit to small creditors, particularly in rural and underserved areas.
The rule was proposed in January and geared to increase the number of financial institutions able to offer certain types of mortgages in rural and underserved areas. -- Brena Swanson in HousingWire http://www.housingwire.com/articles/35109-the-cfpb-just-made-it-easier-to-get-a-mortgage-in-rural-underserved-areas?eid=311684310&bid=1182418
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Nat'l Real Estate Post:
FHA now says that credit scores of 500-579 are OK! However, the mortgage lenders aren't buying into the idea. http://thenationalrealestatepost.com/wells-snubs-new-fha-credit-scores/?
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Shared by Gia Huy Au Duong, taken by Greg Griffin . Hong Kong Harbor
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Nat'l Real Estate Post:
Congressional hearing in the House Financial Services Committee reports that Dodd-Frank makes us less free.
http://thenationalrealestatepost.com/are-we-more-free-act-slams-dodd-frank/
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Sales of new single family houses in August 2015 were 552,000 at a seasonally adjusted annual rate (SAAR), up 12 percent from July’s revised rate and up 5.7 percent from August 2014. -- Department of Commerce
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Shared and taken by Pasi Hortoma, Bridge in Finland
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