Mortgages Archives - Rethinking the Dollar

Four Mortgage REITs Collapse After Chaos Hit Markets for Residential & Commercial Mortgage-Backed Securities

Mar 26, 2020 | World News

Mortgage REIT # 4 so far: This afternoon, March 24, MFA Financial announced that it had received “an unusually high number of margin calls from financing counterparties,” and that by the close of business on Monday, it couldn’t meet those margin calls. Its shares...

Illinoisans Are Overwhelmed By “Shadow Mortgage” Of Pension Debts

Feb 18, 2020 | Debt, Retirement

Illinois’ combined state and local pensioner debts have reached absurd levels. When divvied up between Illinois’ households, the “shadow mortgage” each one is on the hook for now totals hundreds of thousands of dollars per household, if not more, depending on who...

The State of the American Debt Slaves, Q4 2019

Feb 9, 2020 | Uncategorized

The State of the American Debt Slaves, Q4 2019 Consumer credit rose to 19.3% of GDP, the highest ever. Consumer debt – student loans, auto loans, and revolving credit such as credit cards and personal loans but excluding housing-related debts such as mortgages and...