Tag Archives: default rates

Despite Trillions Of Dollars Of Interventions, The Debt Market Remains Paralyzed

It’s impossible to get a loan from a bank these days unless you have a credit score north of 700 and a lot of documentable income. Until people are ready to buy bonds backed by real estate, by homes and … Continue reading

Posted in federal reserve | Tagged , , , , , , , , | Comments Off on Despite Trillions Of Dollars Of Interventions, The Debt Market Remains Paralyzed

Subprime Factor

I’m reading the novel “Subprime Factor” by CPA Jeffrey D. Schlaman, who’s from Auburn, CA, where I lived (most of the time) from 1980-1993. I graduated from Placer High School in Auburn in 1984. A CPA targeted for assassination explains … Continue reading

Posted in Books, Subprime | Tagged , , , , , , , , , , , | Comments Off on Subprime Factor

Increasing Number Of Americans Late With Their Mortgage Payments

From the New York Times: About 1 in 11 American mortgages were past due or in foreclosure at the end of March, according to a report released on Thursday, a figure that is rising fast as home prices fall and … Continue reading

Posted in Foreclosure, mortgage | Tagged , , , , , | Comments Off on Increasing Number Of Americans Late With Their Mortgage Payments

The 2007 Subprime Crisis

According to wikipedia: The subprime mortgage crisis is an ongoing economic problem manifesting itself through liquidity issues in the banking system owing to foreclosures which accelerated in the United States in late 2006 and triggered a global financial crisis during … Continue reading

Posted in Subprime | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on The 2007 Subprime Crisis

Will The U.S. Government Make Or Lose Money With Its Refinancing Proposals?

The government could win a bundle or lose a bundle, depending, says a new study. I don’t understand why the government should bail out those who made bad decisions? Why not do the same for credit card borrowers? If the … Continue reading

Posted in Politics | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on Will The U.S. Government Make Or Lose Money With Its Refinancing Proposals?

HUD Secretary Alphonso Jackson Asleep At The Wheel

From the Washington Post, a report on incompetence and cronyism at the government agency: HUD Secretary Alphonso Jackson, left, with President Bush and Treasury Secretary Henry M. Paulson. Zealous about Bush’s goal of increasing homeownership, Jackson encouraged policies that threatened … Continue reading

Posted in Articles | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on HUD Secretary Alphonso Jackson Asleep At The Wheel

What Exactly Is The Subprime Mortgage Crisis?

Everybody is affected by it, many people are talking about it, but what is it? What went wrong? Real estate prices kept going up for years. Now they’re way down. I hear about the credit crisis. I went to wikipedia … Continue reading

Posted in Subprime | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on What Exactly Is The Subprime Mortgage Crisis?

Buying Bad Mortgages

Reuters reports that there are buyers for distressed mortgages: BOSTON (Reuters) – Money management firm BlackRock Inc (BLK.N: Quote, Profile, Research) and hedge fund Highfields Capital Management are backing a new firm that will buy up distressed mortgages, betting that … Continue reading

Posted in Bankruptcy | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on Buying Bad Mortgages

India’s Mortgage Crisis

Here’s a report: Does the mortgage crisis demand a government bailout? A year ago, most experts thought not. Sad as the situation was for some homeowners, many experts felt the problem would be confined to those who had gambled on … Continue reading

Posted in Articles | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on India’s Mortgage Crisis