How Cutting The Fed Funds Rate Helps The U.S. Economy

... which credit card, equity line, and construction loan borrowing rates are based. As Prime Rate ... be needed to reverse that path. As Prime Rate falls, it brings business borrowing costs [more...]

Date: 2008-10-29 10:00:03

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As The Market Collapses, Here Is What Is Going On.

So yesterday we saw a 500+ point drop in the market and todays chart looks like a see-saw. Exciting, no? No, not really ... Brothers Holdings Inc. and credit downgrades of American International Group Inc. led banks to hoard ... ) shares plummeted after the insurer’s credit ratings were cut, heightening concerns it might file [more...]

Date: 2008-09-16 16:39:22

MortgageNewsClips: MUST READ: Forced To Lend, MUST READ pt 2, Reverse Slow Down, OTS Review, CSFB Bonuses Lump of Coal, Tax Break Cause Bubble?, John Mauldin, Bailout Chart, Bond Bubble, Obama’ Fed Pick, ZIRP and Ben, Walk Away, Sheila Bair, Extreme Makeover in Reverse

Today’s MUST READ:  Forced to lend? ... -logo     OTS Annual Report for Fiscal Year 2008 ———— Lump of coal in your stocking? - Credit ... s Weekly E-Letter - has interesting rates commentary ———— sfgate1 sf-chronicle nifty chart [more...]

Date: 2008-12-23 00:51:15

Greenspan Conundrum In Reverse

There was an interesting chart in the New York Times article Shrinking Lines of Credit. The fact that home lines of credit are shrinking is not really news, nor is the fact that mortgage rates are stubbornly high. I have talked about both of those on many occasions. However [more...]

Date: 2008-06-08 17:02:59

Borrowers here pay their U.S. insured mortgages

The government’s mortgage insurance program is doing better in Orange County than nationwide, at least as far as defaults go. The Federal Housing Administration has been insuring about 25% of home purchase loans in the county over the past few months, as the chart shows (click to enlarge). Of all FHA loans made in the county from August 1, 2007 (start of credit meltdown) to July 31, 2009, roughly 1.3% have fallen into default.That’s much better than the national rate for the same period, 5.6%. [more...]

Date: 2009-09-12 09:00:41

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