ABS East panel says Shiller wrong on housing bubble call Trade groups balk at FHFA attempt to redefine Home Loan Bank membership In short, the record demonstrates a series of assignments of the right to record the mortgage as nominee, but no more. In the absence of any evidence that the Bank owned Greenleaf’s mortgage, we conclude that the Bank lacked standing to seek foreclosure on the mortgage and accompanying note. We vacate the foreclosure judgment on this basis.ABS East panel says Shiller wrong on housing bubble call yale professor predicts housing ‘bubble’ Will Burst : NPR – Yale Professor Predicts Housing ‘Bubble’ Will Burst Is the red-hot housing market a bubble about to burst? Madeleine Brand talks to Yale University economics professor robert shiller about the.According to an article in fredericksburg.com, he used "charts, graphs and plenty of humor" to illustrate the reasons as to why he perceives the housing market to be ‘a complete wreck.’ "Every sector in the U.S. has cleaned itself up from the recession with one exception: housing.It’s still a complete wreck," he told the audience.U.S. Economy Appearing to Slow; Labor Market Strong; While other data on Wednesday showed private employers hired the most workers in nine month in April, the surge in job growth was likely driven by technical factors. The mixed reports came as Federal Reserve officials were wrapping up a two-day meeting.