Tag Archives: american households

BofA Reduces Mortgage Loan Principal For 200,000

As a result of a settlement with state and federal government, Bank of America is writing down mortgage loan principal for about 200,000 Americans, sometimes as much as $100,000 per mortgage. Banking is far more regulated than ordinary business. Bankers … Continue reading

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Why Is The Mortgage Default Rate So Low?

About 11 million American households are underwater on their mortgage. So why don’t more Americans walk away? That’s the theme of about a dozen articles in the New York Times over the past month. There’s been a lot of rhetoric … Continue reading

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New Mortgage Rescue Plan

Pundits are still talking about last week’s Alan Greenspan and Sheila Bare testimony. Politicians want to jig up a new mortgage rescue plan. Anything to reduce foreclosures, which drag down home prices, which lead to more foreclosures. It’s a vicious … Continue reading

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Steve Forbes Interviews Neil Hennessy

Transcript: It’s a pleasure and privilege to introduce you to our featured guest, Neil Hennessy. Neil is chairman of Hennessy Advisors and the manager of the Hennessy Focus 30 fund, which has defied the bear market with strong returns over … Continue reading

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