subprime mortgages

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Latest blogosphere posts tagged “subprime mortgages”

  • NACA Save the Dream Foreclosure Prevention


    The Foreclosure NewsAuthority Authority: 145
    The Neighborhood Assistance Corporation of America’s Save the Dream events prevent foreclosures by helping homeowners obtain mortgage modifications from their banks.Related posts:Hold On To The Dream: Prevent Foreclosure – NBC4i.comEvents draw thousands hoping to keep homes – San Francisco ChronicleThe American ...
    10 hours ago
  • Why You’re Broke


    PA Pundits - InternationalAuthority Authority: 560
    By Alan Caruba While it is incontestably true that a lot of people took out mortgage loans they could not afford to replay, it is just as true that they were encouraged to do so because banks were required by federal law to make these bad loans. Bankers even gave them an acronym, “Ninja” loans as in “No ...
    3 days ago
  • Mortgage Lenders Continue to Struggle


    Mortgage Rate NewsAuthority Authority: 463
    Image by wallyg via FlickrMortgage lenders are having a tough time of it right now. Concerns about the housing market are still in effect. Even though November showed an increase in housing starts, and there has been an extension and expansion of the home buyer tax credit, there are still worries about the housing ...
    5 days ago
  • More police killed by gunfire in ‘09


    Survival News NetworkAuthority Authority: 141
    MSNBC ran a piece the other day about how Gun-friendly laws sweep South, West The number of officers killed in the line of duty by gunfire increased 24 percent from 2008, according to preliminary statistics compiled by the National Law Enforcement Officers Memorial Fund, a national nonprofit organization that tracks ...
    1 week ago
  • More Missing Money In The Subprime Mortgage Mess


    OHOMEN171Authority Authority: 133
    FAIR GAME Get Ready, Get Set, Point Fingers E-MAIL SEND TO PHONE PRINT REPRINTS SHARE CLOSE By GRETCHEN MORGENSON Published: December 12, 2009 DURING the lending mania, as Wall Street’s mortgage machinery hummed and the money poured in, millions of loans were bought and ...
    1 week ago
  • Have Mortgage Delinquencies Peaked?


    Sense on CentsAuthority Authority: 433
    This past May, I designated mortgage delinquencies as “The Most Critical Economic Statistic.” I wrote then and continue to believe now: Which economic statistic is the most important? Unemployment? Housing starts? Trade deficit? Inflation? Retail sales? Well, they are all important . . . but as I review the ...
    1 week ago
  • ACORN’s Fingerprints on Mortgage Crisis Appeared 20 Years Ago


    Big GovernmentAuthority Authority: 819
    ACORN has been fairly criticized for its actions that led up to the mortgage crisis, which culminated in a huge rash of foreclosures last year.  While the tide appears to be waning, it’s a problem that is still occuring. Specifically, ACORN strong-armed banks and worked with members of Congress, such as Barney ...
    2 weeks ago
  • Fraud and Failure: Bo Cutter’s Indictment of the Finance Industry


    New Deal 2.0Authority Authority: 139
    Bill Black explains how Bo Cutter’s defense of Tim Geithner reveals the  fraud and failure that plagued the financial sector  long before the crisis. Bo Cutter has presented the best possible defense of Treasury Secretary Geithner. It is a remarkable defense because it is premised on a scathing indictment of ...
    2 weeks ago
  • Mark Pittman, Reporter Who Challenged Fed Secrecy, Dies at 52


    Survival News NetworkAuthority Authority: 141
    Mark Pittman, the award-winning reporter whose fight to make the Federal Reserve more accountable to taxpayers led Bloomberg News to sue the central bank and win, died Nov. 25 in Yonkers, New York. He was 52.Pittman suffered from heart-related illnesses. The precise cause of death wasn’t known, said his friend ...
    2 weeks ago
  • Mark Pittman, Reporter Who Challenged Fed Secrecy, Dies at 52


    Get Out of Dodge!Authority Authority: 127
    Mark Pittman, the award-winning reporter whose fight to make the Federal Reserve more accountable to taxpayers led Bloomberg News to sue the central bank and win, died Nov. 25 in Yonkers, New York. He was 52. Pittman suffered from heart-related illnesses. The precise cause of death wasn’t known, said his friend ...
    2 weeks ago
  • Mark Pittman, A Close Friend, Great Reporter, And The First Person To Sue The Fed And Win, Has Died


    zero hedgeAuthority Authority: 740
    Mark Pittman, the Loeb Award-winning Bloomberg journalist, a personal friend, a legendary financial reporter and the first person to sue the Fed (in conjunction with Bloomberg News) and win, passed away on Wednesday. He was 52. Our thoughts are with his family. Bloombergs brief on Marks legacy. Nov. ...
    3 weeks ago
  • 1 in 4 mortgages ‘underwater’


    Survival News NetworkAuthority Authority: 141
    In a sign that more foreclosures could be on the horizon, 23% of people with mortgages owe more than their home is worth, according to a report released Tuesday.Almost 10.7 million U.S. mortgages were “underwater” as of September, said research firm First American CoreLogic.Another 2.3 million homeowners are ...
    3 weeks ago
  • Falling for Teasers and Not Squirreling Away Our Nuts


    EconomistMom.comAuthority Authority: 465
    I like Ed Andrews’ New York Times article on how we’re running out of ways to cheaply finance our federal debt.  Ed explains: The White House estimates that the government will have to borrow about $3.5 trillion more over the next three years. On top of that, the Treasury has to refinance, or roll over, a ...
    3 weeks ago
  • Bad Credit Mortgages Are A Rip-Off


    Amateur Asset AllocatorAuthority Authority: 491
    Bad credit mortgages are a rip-off.  Not only are they a rip-off, they were also a prime contributor to one of the deepest recessions of the past 100 years.  They are more commonly referred to as “sub-prime mortgages,” which is more politically-correct than “loan only a sucker would take.” Why Bad Credit ...
    3 weeks ago
  • Real Recovery Hallucinations


    The Daily ReckoningAuthority Authority: 625
    What happened yesterday? The Dow sold off 93 points. Investors had been hesitating. There’s supposed to be a recovery going on. But the latest news is unsettling. Housing and employment numbers are weak. What’s going on? Maybe this recovery is not a sure thing after all. “Record numbers late on US loans,” ...
    4 weeks ago
  • Even the good die young? High-quality mortgages approaching foreclosure


    BloggingStocksAuthority Authority: 672
    Filed under: Economic data , Housing , Recession The loans that got us into this mess were generally the first to fall. Variable rate mortgages written without documentation for people with sketchy credit histories shocked nobody as their slide became an avalanche. But, the good stuff is starting to follow . An ...
    4 weeks ago
  • John Paulson’s Big New Bet on Gold


    GreenLightAdvisor ViewsAuthority Authority: 142
    Gold is getting a great deal of sponsorship, in general, but it is even more notable, when some of that sponsorship is coming from the likes of this era’s new contrarians. John Paulson, who personally made $4-billion betting against subprime mortgages in 2007, has shifted his focus to gold during the last 9 ...
    4 weeks ago
  • Prime Borrowers Are The Latest Victims in Foreclosures


    Progressive News DailyAuthority Authority: 160
    by ALAN ZIBEL The Huffington Post WASHINGTON — The foreclosure crisis likely will persist well into next year as high unemployment pushes more people out of homes, pulls down housing prices and raises concerns about the broader economic recovery. The latest evidence was a report Thursday that a rising ...
    4 weeks ago
  • Addabbo: Landmark Legislation Will Protect New Yorkers From Foreclosure


    Lost in the Ozone...Authority Authority: 133
    Bill Protects Homeowners at Risk of Losing Their Homes, Prevents Similar Crises from Happening in the Future New York State Senator Joseph P. Addabbo, Jr., announced today that the New York State Senate passed critical legislation yesterday to protect homeowners across the state. Expanding upon ...
    4 weeks ago
  • Hedge fund genius out-earns J.K. Rowling, Oprah and Tiger combined


    DailyFinanceAuthority Authority: 756
    Filed under: Goldman Sachs , Citigroup The Paulson whos been most in the news over the last few years has been former Treasury Secretary Hank. But the Paulson who has made the most money during that time is a fellow youve probably never heard of -- another Harvard Business School graduate in the hedge fund ...
    4 weeks ago

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