Tag Archives: home borrowers

Searching For A Sustainable Economy

Over the past four years, consumers have been saving more and paying off debt. That’s creating a foundation for a sustainable economic recovery. Right now, economic growth is near zero. The LA Times reports: In contrast to the unconstrained spending … Continue reading

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The Obama Administration Wants To Make A Deal With Banks On Foreclosures

Apparently many lenders were very naughty with their foreclosure procedures. This has produced a massive federal and state government investigation. Now the Obama administration wants to cut a deal with lenders. Both sides seem amenable. Let the healing begin in … Continue reading

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Are Minorities Responsible For The Subprime Crisis?

Source: By golly, it’s those low-income minorities! Those values have plummeted because borrowers are defaulting on their mortgages at much higher rates — a trend that will likely worsen as the real estate bubble deflates. At the center of the … Continue reading

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Mortgage Definitions

From the New York Times: HOME EQUITY LINE OF CREDIT (HELOC): A line of credit secured by a home. Borrowers can draw on it for a fixed period set by the lender, usually five to 10 years. LEVERAGE: Using borrowed … Continue reading

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One In Six Homeowners ‘Under Water’

From the WSJ: The relentless slide in home prices has left nearly one in six U.S. homeowners owing more on a mortgage than the home is worth, raising the possibility of a rise in defaults — the very misfortune that … Continue reading

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