Wednesday morning links
TOP STORIES China cuts rates, Fed and others set to follow - Reuters Fed May Cut Rate to 1%, ... the Next Crisis: It’s Credit Cards - NY Times Why the surge in home sales is bad news - MSN Money ... down a third of mortgage applications - Times Online Canada's housing market 'tracking' U.S. boom [more...]
Date: 2008-10-29 13:11:00
Blog posts
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Videos
(13)
The Sand States
Here are excerpts from "The End" in Portfolio by Michael Lewis, author of Liar's Poker, on the financial collapse ... in asking homeowners with bad credit and no proof of income to put no money down and defer interest ... states. The loans would have been made by one of the more dubious mortgage lenders; Long Beach Financial [more...]
Date: 2008-11-12 00:44:27
Shopping and Saving Money...
Oh, for the good old days when people would stop Christmas shopping when they ran out of money. ~Author Unknown So... ... has a mortgage, we own everything. No loans. No credit card debt. We lived on hand-me-down furniture ... . I thought -- heck, it's NOT the weekend, and it's early in the morning, it shouldn't be too bad. WAS I EVER [more...]
Date: 2008-12-06 10:17:42
Illinois Mortgage Rates Weekly Update
Welcome to Illinois Mortgage Rates and News week in review for the week ending September 26th, ... Street down to Main Street, and the fear is that if this isn’t resolved soon, it will cut off credit ... up to $700 billion of tax payer money to buy up the bad debt, it will recapitalize the banks [more...]
Date: 2008-09-27 17:40:18
The Vegas Decade
As I research the history of the mortgage meltdown, it's funny how often Las Vegas takes center stage ... -down option to borrowers with blemished credit. The FHA isn't a direct lender, but guarantees loan ... with bad credit to put money down on a house is UnAmerican and probably racist, at a homebuilder's [more...]
Date: 2008-11-21 10:32:00
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