The following four charts are compliments of Zero Hedge. As you will quickly notice, we don't have a housing recovery, in spite of what you hear from your real-estate broker. However, never let a housing crisis go to waste without government intervention. (I believe I have heard that phrase being used in the past.) So, out of the House Financial Services Committee comes H.R. 5148 "Access to Affordable Mortgage Act of 2014." That reads a whole lot like the "Affordable Health Care Act," doesn't it? Well, do yourself a favor and do a Google search on this pending legislation; because if it is passed into law, we will definitely have another sub-prime mortgage debacle like 2008.
Now the charts,
Now the charts,
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