Tag Archives: mortgage debt

Mortgage REITs Rebound

Concern about Greece’s pending default is “roiling” financial markets. How many times have you heard that word “roiling” in connection with Greek debt and the financial markets? Mortgage REITs have gone on a rollercoaster ride the past two days. Bloomberg … Continue reading

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The Massive Overhang Of Mortgage Debt

Most economists are Democrats. Most academics in the social sciences are Democrats. Thus, the Washington Post says that economists gave Obama’s Thursday night jobs speech high marks. The president’s proposal was a conventional stimulus package, a smaller version of his … Continue reading

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Huh? Not even Bank of America is safe from the grim economic news?

Not even Bank of America is safe from the grim economic news. What on earth is the Daily Beast thinking? Bank of America’s stock has been steadily sinking for the past three years because of all the toxic mortgage debt … Continue reading

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Bank of America Stock Weighed Down By Bad Mortgage Loans

Bank of America is still digging out from its 2008 purchase of Countrywide. In 2011, the bank has spent about $30 billion settling mortgage claims. Subprime lending was the largest cause of the housing crash and Countrywide was the largest … Continue reading

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Ten Days Left To Qualify For Federal Mortgage Assistance

The Obama administration is surprised by the dearth of people applying for its mortgage help. I think many people have just given up on keeping their home. I think many people don’t want to battle with the blizzard of paperwork … Continue reading

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How To Get A Low Down Payment Mortgage

It is much more difficult these days to get a low down payment mortgage. Buyers who put down a small down payment are much more likely to walk away from their mortgage when things get tough. On the other hand, … Continue reading

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Debt Curtails Prospects Of Economic Recovery

Americans have more credit card and mortgage debt today than they did five years ago. The federal government has 20% more such debt than in 2008. We all know that Greece’s debt problems are spiraling out of control. Why should … Continue reading

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How To Slash Your Mortgage Debt

* You can charge people to store stuff in your garage, such as a car or a boat. * Use your tax refund or pay bonus to pay down your mortgage. * If you earn the same or less on … Continue reading

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What Is Multi-Family Mortgage Debt?

I was reading a news story about multi-family mortgage debt and it did not even explain what the hell it was. Well, here’s the definition from the Federal Reserve: “Multifamily debt refers to loans on structures of five or more … Continue reading

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Sacramento Flooded By Underwater Homes

I lived in the Auburn area (45 minutes drive north of Sacramento) for most of 1980-1993. I remember talking one day to a journalist who wanted to quit the Sacramento Bee and write books full-time. He was investigating writing a … Continue reading

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