Tag Archives: nyt

Two Prototypes For The New Mortgage Form

Most people get a little confused by the blizzard of paperwork that they have to deal with to get a mortgage. Lenders prey on this confusion. As lending is their business, they tend to know the mortgage game better than … Continue reading

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Equity Sharing As A Solution To The Mortgage Crisis

When bad times hit, most people pull apart, assuming they have separate interests. Here’s a NYT op/ed which argues that homeowners and lenders have similar interests and would do better to pool their resources and to share equity. I’ve never … Continue reading

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Secret Way Of Cutting Mortgage Payments

The New York Times says this technique is called “recasting,” or “re-amortization,” and it is available through some mortgage lenders and servicers. You pay off a big sum (at least $5,000) of what is owed on your mortgage and dramatically … Continue reading

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Interest Rates Stay Low

Economists expected interest rates to rise dramatically in 2010. It hasn’t happened. They’ve stayed at record-low levels. The federal government has a huge deficit. Why isn’t this demand for funding driving up interest rates? How will this affect the housing … Continue reading

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One In Five Homeowners Helped By Obama Mortgage Modification Scheme

Lenders, politicians and homeowners are eager to avoid a flood of new foreclosures which would drive down home prices, leading to reduced equity and more foreclosures. It’s a vicious cycle. After a slow start, Obama’s mortgage modification scheme has helped … Continue reading

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Small Businesses Feel Credit Squeeze

The Federal Reserve predicts that lending will remain tight for at least another year. Frankly, there is no relief in sight. The debt-securitization markets are barely moving. There’s fundamentally a lack of trust in the economy and the banks. Small … Continue reading

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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

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Exotic Mortgage Resets Promise Trouble Ahead

If you want to get a home mortgage today, you’re unlikely to get a liar loan or no money down loan or a fancy ARM. Those died out in 2008. But until they died out, thousands signed up for them. … Continue reading

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Lending Industry Fights New Regulations

Many economists blame the lending industry for our credit crisis. They say the industry was lax in its lending standards and lent money at such low interest rates, that real estate values were inflated, leading to the big crash of … Continue reading

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Where Do Small Businesses Go To Raise Money?

The New York Times reports on a recent conference in Southern California for small businesses seeking capital. Surprisingly, the mood was upbeat. The market for venture capital is nowhere as overheated as a few years ago. The internet is a … Continue reading

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