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Fannie Mae loses $2.3B in quarter as defaults rise
More bad news in the U.S. housing sector -- which is bad news for the U.S. (and other) economies. You have to wonder why Fannie Mae would respond by raising prices for borrowers. Won't this ultimately lead to more defaults? You'd think they would prefer to refinance existing...
US Economy Facing Sharp Decline: Federal Reserve Chairman
The US economy has taken a lot of hits recently. Between financing the wars in Afghanistan and Iraq, rising oil prices affecting every facet of production and delivery, shaky investor confidence after white collar...
created by James Pate | 2 years ago | updated 2 years ago
2258 views | 22 recommendations | 7 comments
2258 views | 22 recommendations | 7 comments
Michigan's Faulty Mortgage Lending Rules
"Mortgage foreclosures in July were up 93% over a year ago, and Michigan is among the worst hit states. But this is not just a problem of regional unemployment. States and local areas with low unemployment and strong growth have also experienced spikes. A credit crunch...Bush Proposes Subprime Mortgage Reforms
" President Bush on Friday outlined ways to help homeowners facing foreclosure — the administration's first effort to deal with an expected wave of defaults fueled by the mortgage crisis. The initiatives, which...Countrywide Borrows $11.5B From 40 Banks
Aug 16 08:51 AM US/Eastern - By STEPHEN BERNARD - AP Business Writer NEW YORK (AP) - The nation's largest mortgage lender borrowed $11.5 billion from a group of 40 banks to fund new loans, in a move that shows...Uranium vs. Thorium: Mining, Processing, Waste Generation
"I've taken a little time to do another comparison slide between the waste generated in a typical light-water reactor compared to a liquid-fluoride thorium reactor. For the light-water reactor waste calculations, I used the WISE Uranium Nuclear Fuel Energy Balance Calculator...
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