Tag Archives: incomes

Mortgage Crisis – Interest Rates To Rise

Michael Goode writes about the future mortgage crisis. Future? Yep. He says things are going to get worse. Yes, the subprime crisis is largely over. It can’t do much more damage to the economy. He writes: "However, prime and Alt-A … Continue reading

Posted in Foreclosure | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on Mortgage Crisis – Interest Rates To Rise

Bank Of America Offers $40 Billion For Refinancing

Because of liabilities from its home equity loans, Bank of America has suffered a severe reduction in its earnings. It wants to take over Countrywide and must put aside billions to cover its liabilities. The bank needs regulator approval before … Continue reading

Posted in bank of america | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on Bank Of America Offers $40 Billion For Refinancing

Another Bank Drops Out Of The British Mortgage Market

Sky News Business reports that nobody knows how the mortgage mess will play out. Meanwhile, some lenders are pulling out of this dangerous market. People with great credit and good incomes can still get loans. The head of the Co-operative … Continue reading

Posted in Britain | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on Another Bank Drops Out Of The British Mortgage Market

Memo To Mainstream Media

If you want to constantly attack payday loans, then abandon any pretense to journalistic objectivity. The articles recently published about this matter, all of them vilifying the practice of payday lending, fail even the most basic standards of decent reporting. … Continue reading

Posted in Journalism | Tagged , , , , , , , , , , , , , , , | Comments Off on Memo To Mainstream Media