Tags: michael david white

Analyst Solves Global Financial Crisis

June 26th, 2012
in econ_news

Econintersect:  Michael David White is a well known real estate and mortgage market analyst.  White has just released a revolutionary summary of the path to solving the global financial crisis through his website, HousingStory.net. White has determined… more »

Upside Down Home Equity Positions Now Driving Housing Market

June 12th, 2012
in econ_news

Econintersect:  News of low inventories being good for the market continue to grow.  Most imply it is good news. One of the loudest voices comes from Lawrence Yun, NAR chief economist who said: “The general downtrend in both listed and shadow invent… more »

Strategic Default Option Popularity Grows

June 9th, 2011
in econ_news

The term 'strategic default' refers to someone who can afford to make mortgage payments chosing not to. They may simply turn in the keys to the lender and walk away or, in some cases, live rent free until foreclosure is completed. As reported in GEI News last week, stopping payments and waiting for eviction creates an average term of more than than two years of rent-free, payment-free living. Last year 14% of homeowners said they would consider a strategic default, according to CNN Money. This year the number has almost doubled to 27%. more »

Mortgage Market Expert: Homes to Lose 17% More

March 31st, 2011
in econ_news

Mortgage expert Michael David White says it will take until 2018 for the housing markte to return to normalcy. more »

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