There Are Signs of a Category 5 Housing Crisis Forming and Coming Straight For Us

The tentacles of a homeowners insurance crisis are far-reaching - Eric Salzman
If there was ever a “canary in the coal mine” moment for the next housing crisis, it’s that mortgage and insurance giant Fannie Mae maintains a secret mortgage blacklist.
The Wall Street Journal broke the news on March 17 that Fannie Mae keeps a blacklist that includes condo associations it believes have too little property insurance or need to make critical building repairs. 

According to the Journal, it’s a list that every major lender pays attention to.

• In other words, if you’re buying a condo in a building on that list, you’re likely not going to get a loan. 
• However, the insurance “canary” isn’t just about condo buildings.

If you think homeowners insurance has already skyrocketed — and it has — hold on because you’re likely about to get screwed even more...