Danny Bruno's (cousinvinny) Blog

The National Association of Realtors (NAR) has been asleep at the wheel during the current housing crisis! I receive e-mails asking to notify Senators or Congress to vote to protect out interest. Well we as a group need to notify the NAR that their leadership is lacking direction and clarity.   T...

Next Wave of Mortgage Re-sets   As Financial Institutions brace for the next wave of mortgage re-sets hit the housing market in June. Many first time homebuyers are busy looking for homes they can afford! The banking industry has done little to aid the homeowners that are currently in a distresse...

        With all the recent attention about increases in food prices and energy cost taking off like a rocket many ask the question when or will it end? The answer is not a simple one as there are many factors that must be considered before arriving at some possible outcome. While the Federal Res...

  I for one have ask myself repeatedly, how have mortgage interest rates remained stubbornly high in light of the Federal Reserves interest rate cuts? I think the answer part of the answer can be found in a recent article in Barron's written by Alan Abelson. In an interview with Andrew Tilton fro...

 It is simply crazy to think the Federal Reserve can save the economy from a recession or worse!No country has ever inflated and debased their currency into economic prosperity. The problem first came to light in July of last year when Bear Sterns had substantial losses due to exposure in sub-pri...

Staying upbeat has become a difficult task, facing economic uncertainty, and the volatile environment of the stock market. The rule of thumb I believe still holds true live within your means. Many are facing their first downturn in the economy perhaps in their lifetime. The years of easy credit a...

The much lauded interest rate cut has turned out to be a non-event. The 1.75% in recent interest rate cuts by the Federal Reserve has done little to help the beleaguered housing industry or homeowners for that matter. Banks meanwhile have borrowed over 50 billion from the central banks as a means...

I don't know how many caught the article in Barron's Saturday about mean price reversion. According to Jeremy Grantham housing peaked in the Boston area at six times the average income. Historical homes follow the a pattern of 2.8 times the national income for two earner families presently that f...

With consumer debt at an all time high many in the UK are having difficulty paying the revolving credit accounts. Never in the History of the UK have so many taken out home equity loan to splurge. The American epidemic of over purchasing has hit the UK big time and the banks are worried whether t...

With all the hype of the media and mis-information provided  by the so called analysts its is easy to become confused.As most are aware very few have gotten it right. First we hear that the sub-prime problem is contained, next it will not spread, and finally it shall not impact the economy as a w...