Tag Archives: mortgage field

Revising The FICO Score

Americans credit scores have plunged over the past four years despite a reduced use of credit cards and a widespread commitment to paying down debt. Americans have reduced their consumption since 2006 and instead focused on reducing debt. A superb … Continue reading

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Solving The Mortgage Crisis

From Barrons: WHAT DO YOU CALL A PERSON WHO OWES MORE ON HIS MORTGAGE than his house is worth? Absurdly, the payments still are designated tax-deductible interest (mostly) and repayment of principal (a tiny fraction). To solve the mortgage crisis, … Continue reading

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Cutting Rates On Jumbo Loans

From the WSJ: Executives of Fannie Mae and Freddie Mac told Congress they are finally bringing down interest rates on some "jumbo" mortgages. Jumbo mortgages are those larger than the normal limit — currently $417,000 — on loans that can … Continue reading

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