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Obama/Biden: When the Judge Becomes Your Mortgage Broker
Obama/Biden: When the Judge Becomes Your Mortgage Broker By: Bill Hitchcock From the Palin/Biden Vice Presidential debates on October 2, 2008 Biden:”Number two, with regard to bankruptcy now, Gwen, what we should be doing now — and Barack Obama and I support it — we... Not One Dime!
$700 billion in taxpayer money would be wasted in a federal bailout – it would be the wrong people paying the bill, the wrong people making the decision, and the wrong reforms to fix the underlying causes.
The... Financial Weapons Of Mass Destruction
"Financial Weapons Of Mass Destruction photo credit: laffy4k New York Times called the possibility of an AIG liquidation “as close to an extinction-level event as the financial markets have seen since the Great Depression.” We keep hearing that the current...jaw dropping
"WASHINGTON (AP) -- Struggling to stave off financial catastrophe, the Bush administration on Friday laid out a radical bailout plan with a jawdropping price tag -- a takeover of a half-trillion dollars or more in worthless mortgages and other bad debt held by tottering... Gap Between Prime and Subprime Foreclosures Narrowing
The foreclosure crisis, which hit the subprime industry at the beginning of 2006, has now crossed-over to the prime mortgages. As the non-profit alliance HOPE NOW reported that for the month of July, about 105,000 of the 197,000 foreclosure filings originated from prime... Los Angeles Foreclosure Homes- Down so Long, Seems Like Up?
The country’s most populous state could very well be the first to hit the lowest point of the existing mortgage sector crisis. As values continued to rise in the first five years on the century, California saw an increasing number of sub-prime loans originate. The Center...Will the New Housing Rescue Program Help Many Distressed Homeowners?
When the controversial housing bill became a law last Wednesday, millions of troubled homeowners breathed a sigh of relief. After all, the new housing legislation contains provisions that are supposedly designed to... Wealthy Struggle in US Credit Crisis
With news announced that American house prices have plunged by up to 15% in the subprime crisis, it has been revealed that America's wealthy are beginning to feel the pinch, struggling with their mortgages and credit card bills, with lenders tightening their lending... Senators working overtime on housing bill this week
Senators are working overtime this week to push through a massive housing bill. The new bill is a democratic proposal with broad republican support. The proposed housing bill will offer some relief to homeowners...Senators working overtime on housing bill this week
Senators are working overtime this week to push through a massive housing bill. The new bill is a democratic proposal with broad republican support. The proposed housing bill will offer some relief to homeowners... WaMu has $3.33B loss, may be cut to "junk"
Washington Mutual has had another miserable quarter. This isn't surprising since a significant portion of their revenues are from mortgage loans. What is surprising is that they haven't undertaken to refinance some of these loans rather than write them down. The most... Home Sweet Home?
During this time of high mortgage payments, dwindling property values, and rising heating and energy costs some people are beginning to think seriously about tailoring their housing needs. Some... Fannie Mae And Freddie Mac Rescue Plan
Treasure secretary Henry Paulson announced yesterday that he will ask congress to help the mortgage giants Fannie Mae and Freddie Mac to get better deals on loans from the Federal Reserve as well as a support of $15... Growing Threat Of Negative Equity
The falling house prices caused by the real estate foreclosure crisis have pushed thousands of US homeowners to negative equity. Negative equity is when a home owner owns a home that is worth less than the value of... Senators Getting Better Loan Deals
As chairman of the senate banking committee Chris Dodd has been trying to crack down on companies accused at predatory mortgages at the center of the home foreclosures crisis, but Countrywide, one of the companies...
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