Maybe they could predict the stock market also!

Someone brought their neighbors house in 2006 for $600,000, (same house basically) and just sold it for $800,000 last month.Now I can't predict the future, I don't know if NY can still appreciate the way it has been for the past two decades.

I found this article in Yahoo Finance, pretty much it predicts that commercial R.E. will also collapse.

Using the FNMA chart does provide a definite advantage in predicting mortgage interest rates.

He predicted all of this when he ran in the primaries.

_Roosevelt Franklin Delano Roosevelt (January 30, 1882 – April 12, 1945), often referred to by his initials FDR, During the Great Depression of the 1930s, Roosevelt created the New Deal to provide relief for the unemployed, recovery of the economy, and reform of the economic and banking systems, through various agencies, such as the Works Project Administration (WPA), National Recovery Administration (NRA), and the Agricultural Adjustment Administration (AAA).[1] Although recovery of the economy was incomplete until World War II, several programs he initiated, such as the Federal Deposit Insurance Corporation (FDIC), Tennessee Valley Authority (TVA), and the United States Securities and Exchange Commission (SEC), continue to have instrumental roles in the nation's commerce.

In 2005, I (and everyone else that was predicting that the real estate bubble would burst) was constantly criticized as a doom and gloomer.

I am not saying that it will not, but I doubt even the most educated economist can predict that "Today is the day, we are at bottom".

The seller’s failure to insure the underlying payment is made in a timely manner will affect his credit score, not that of the buyer.There are a several legal instruments used for wrapping an existing mortgage.

Both mortgages and deeds of trust are considered primary security instruments.