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RSSTag : subprime_lending (12)
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Why Cheney and Bush Should be Blamed for the Economy »
Posted by: capj71 8 months, 2 weeks ago in News
Former vice president Dick Cheney was on CNN’s State of the Union today, and he absolved himself, the Bush administration, and the Republican Party ...
(read more)Read (1224) | Share | Discuss (80) | Read Full Story at politicususa.com
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Explaining the Recession: Housing and the U.S. Economic Collapse »
Posted by: capj71 7 months, 3 weeks ago in News
How did we get to the point of near economic collapse? There is no simple answer to the question. It can't be broken down ...
(read more)Read (39) | Share | Discuss (0) | Read Full Story at politicususa.com
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Worst Crisis Since '30s, With No End Yet in Sight »
Posted by: TechnologyExpert 1 year, 2 months ago in Business & Finance
The financial crisis that began 13 months ago has entered a new, far more serious phase.
(read more)
Lingering hopes that the damage could be contained to ...Read (434) | Share | Discuss (11) | Read Full Story at online.wsj.com
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Before economy stabilizes, housing must »
Posted by: TechnologyExpert 1 year, 2 months ago in Business & Finance
The spectacular collapse of two big investment banks — and the scramble by a major insurance company to stay afloat — has many on Wall Street and ...
(read more)Read (200) | Share | Discuss (1) | Read Full Story at msnbc.msn.com
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Housing Lenders Fear Bigger Wave of Loan Defaults »
Posted by: TechnologyExpert 1 year, 3 months ago in Business & Finance
The first wave of Americans to default on their home mortgages appears to be cresting, but a second, far larger one is quickly building.
(read more)Read (352) | Share | Discuss (3) | Read Full Story at nytimes.com
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Economist on bailouts: 'This is socialism' for the rich »
Posted by: TechnologyExpert 1 year, 3 months ago in Business & Finance
"The regulators should investigate themselves for bailing out Fannie Mae (FNM.N) and Freddie Mac (FRE.N), the creditors of Bear Stearns and the financial ...
(read more)Read (259) | Share | Discuss (3) | Read Full Story at rawstory.com
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Home prices fell by steepest rate EVER in May »
Posted by: TechnologyExpert 1 year, 4 months ago in News
Home prices tumbled by the steepest rate ever in May, according to a closely watched housing index released Tuesday, as the housing slump deepened nationwide.
(read more)Read (176) | Share | Discuss (1) | Read Full Story at msnbc.msn.com
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Why isn't Washington aiding savers? »
Posted by: TechnologyExpert 1 year, 3 months ago in Business & Finance
Meanwhile, tens of millions of people pay their mortgages on time, don't max out their credit cards and put money into retirement funds. They ...
(read more)Read (126) | Share | Discuss (1) | Read Full Story at msnbc.msn.com
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The Monster That Ate Wall Street »
Posted by: TechnologyExpert 1 year, 2 months ago in Business & Finance
How 'credit default swaps' - 'an insurance against bad loans - 'turned from a smart bet into a killer.
(read more)Read (655) | Share | Discuss (1) | Read Full Story at newsweek.com
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Bush confident bailout bill will stabilize economy »
Posted by: ap 1 year, 2 months ago in Business & Finance
WASHINGTON (AP) _ President Bush is urging lawmakers to pass the compromise financial system bailout bill they fashioned in marathon weekend bargaining, saying it is ...
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Commentary: Bankruptcy, not bailout, is the right answer »
Posted by: Emmanuel70 1 year, 2 months ago in Business & Finance
The right view of the financial mess is that an enormous fraction of subprime lending should never have occurred in the first place. Someone has ...
(read more)Read (320) | Share | Discuss (2) | Read Full Story at edition.cnn.com
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What You Need to Know About Subprime Mortgages | Mortgage Diary - Morgages Tips on Home and Commercial Mortgage »
Posted by: ivanpw 8 months, 2 weeks ago in Business & Finance
Subprime mortgages are available to consumers that have a less-than-average credit rating. These mortgages are comparable to traditional mortgages and come with fees, monthly rates ...
(read more)Read (16) | Share | Discuss (0) | Read Full Story at mortgagediary.com
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