Tag Archives: sub prime mortgage

Taking Advantage Of Record Low Interest Rates

This looks to be the best time in decades to buy a home with fixed rate mortgages at record lows. If you have mediocre credit, however, you won’t be able to get a mortgage. And if your home is worth … Continue reading

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We’ve Socialized The American Dream

Here’s an excellent investing report. It notes that while private banks are saying no, the government is saying yes. Almost all new mortgages issued over the past couple of years have been bought by Fannie Mae and Freddie Mac. Without … Continue reading

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Mortgage Rates And Home Sales

Analysts believe that the continuing US credit crisis is linked largely to failures on the part of both banks and the sub-prime mortgage industry. After the last recession in the 1990s, US banks and mortgage brokers were allowing high risk … Continue reading

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Another Bank Restructures Mortgages

Community groups are getting their say in banking. Chase is opening 24 foreclosure clinics. Other lenders will join in. Report: A leading lender has announced it will impose a temporary foreclosure moratorium following calls by two Solano County government bodies … Continue reading

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Tim Rutten Analyzes Alan Greenspan

Tim Rutten is surprised that Greenspan was surprised that financial executives would act recklessly to line their own pockets. Alan Greenspan was a longtime disciple of Ayn Rand, an important figure in libertarian thought. From the Los Angeles Times: Alan … Continue reading

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Why Give Affirmative Action To Mortgage Holders?

Abe Bernstein writes: The sub-prime mortgage debacle, a direct result of Mr. Frank’s political of support Fannie Mae and its subsequent corruption of the Democratic Congress would pale to insignificance compared to their imminent control of the trillion dollar rescue. … Continue reading

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The Moral Factor in the Recession of 2008

From Time.com: Would the current financial crisis have been avoided if traders followed Jewish traditions embodied in the Bible and the Talmud? It’s an interesting, if debatable contention, but equally interesting is the authorities Levine cites as he makes his … Continue reading

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What Does The Talmud Say About Our Financial Crisis?

From Time.com: It is not surprising that scholars like Levine have begun to bring Jewish religious teaching to bear on the current crisis — which, if not completely about ethics, certainly has a large ethical component. Says Rabbi Eliezer Diamond, … Continue reading

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The End Of Capitalism? No Way

Economist James Galbraith writes: This does not mean the end of the United States’ position in the world economy. The US dollar has not moved, which does suggest that the position of the US government is still very much intact. … Continue reading

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Bad US Mortgages Cost Bankers Their Jobs

Robert Carr writes: ZURICH, SWITZERLAND-UBS, based here, will lay off 2,000 employees, mostly in the US and the UK, due to troubles brought on by investing too heavily in the US sub-prime mortgage market. The company reportedly has written down … Continue reading

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