BANKS FACE ANOTHER BAD YEAR IN 2009

Rising loan losses, the threat of more regulation and tougher competition adds up to another year of poor profits for banks BY DAVID ELLIS ... a significant deterioration in the health of their credit cards and home equity loan portfolios ... bad the outlook for 2009 is just as dismal. It may seem hard to imagine how 2009 can be worse than [more...]

Date: 2008-12-22 15:14:10

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What are Home Equity Loans Good For?

Homeowners have seemingly limitless choices to tap in to the equity in their homes ... in your property. Even with poor credit, a home equity loan is not difficult to qualify ... of consolidating debt and eliminating high interest credit card loans. The biggest advantage to home [more...]

Date: 2009-01-17 12:50:29

The FHA and Impact on Real Estate Values

Today the FHA, the Federal Housing Administration, is a gigantic player in the residential mortgage business. The FHA guarantees mortgages against default, and allows purchases of homes with only a 3.5% down payment, and provides a rock bottom interest rate of near 5%. These lenient terms apply to virtually everyone, even those with poor credit scores and little equity in the home, which are highly correlated with default. [more...]

Date: 2009-09-19 16:13:23

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