Commonsense Regulatory Ideas Ignored Prior to Mortgage Meltdown

What continues to bother me about the financial crisis is that so many people saw the warning signs and yet so many others refused to pay attention to the risks. A new AP report reveals the extent to which the Bush administration ... 2006: Regulators told bankers exotic mortgages were often inappropriate for buyers with bad credit [more...]

Date: 2008-12-01 14:25:05

Blog posts (88) | Videos (155)
 

Rates for Friday Afternoon

Mortgage rates are much improved since what I posted last week.  Wednesday and Thursday were rough on the markets as traders braced (and rightly so) for a stinky Jobs Report.  Bad news typically (but not always these days) equals lower rates ... quote below is based on owner occupied with a mid-low credit score of 720-739, “full doc” purchase [more...]

Date: 2008-11-07 21:38:07

Loan Loses Continue To Mount: A Look At FDIC Graphs

You're probably not surprised to hear that loan losses are continuing to mount at financial institutions, but just how bad are things getting? ... paint the grim picture in his blog post below. chart11 More Institutions Report Declining ... for credit losses topped $50 billion for a second consecutive quarter, absorbing one-third [more...]

Date: 2008-11-26 18:36:28

Why Phone Conversations with Bill Collectors is a Bad Idea

A highly trained bill collector knows how to get the most money out of defaulted debtors ... of how I wanted this reflected on my credit report. They would then have to agree with those terms ... . While you are nervously thinking of what to say they are taking notes… updating your credit file [more...]

Date: 2009-01-08 02:36:42

links for 2008-12-14

Causes: Subprime Lending - The Baseline Scenario Why I Think the Multiplier is Large - Arnold Kling Emerging economies: ... - washingtonpost.com The Serious Badness of the 1980's - Twenty-Cent Paradigms Fed Could Remake Credit Card Regulations - washingtonpost.com Report Spotlights Iraq Rebuilding Blunders - NYTimes.com How [more...]

Date: 2008-12-14 08:06:00

McCain’s Economic Non-Plan (Just Do What Bush Did) Is a Disaster

If you think the economy is bad now, just wait, according to the Daytona News-Journal. And if you want to make it unimaginably bad, vote for McCain ... , credit cards, college loans and business investments all become more expensive to finance ... and economic outlook. The report will include grim numbers that aren’t being talked about much [more...]

Date: 2008-09-08 15:06:36

America’s Secret war in Pakistan-MSNBC uncovers Marines with long beards and without uniforms

Technorati Tags: Afghanistan,Pakistan,USA,Under cover,special OPs پاکستاان لیجر | PAKISTAN LEDGER | پاکستاني کھاتا  |Sept ... into Pakistan. This report clearly discusses the good, the bad and the ugly MSNBC: JALALABAD, Afghanistan – ... t receive much attention or credit in the media, but they’re leading America’s secret war inside Pakistan [more...]

Date: 2008-10-09 03:12:35

In times of crisis, the old school tie rules

I hate to say this, but does the media create this gloom and doom in the markets? ... do, and then brace myself for the bad news report which states that the Confederation of British Industry (CBI ... , UK "Until a few weeks ago the credit crunch seemed to happen to other people, but had little [more...]

Date: 2009-01-12 23:37:43

Allied Irish: Too Good to Be True?

Allied Irish Banks PLC (AIB) is Ireland’s largest bank, and in the last two years the company’s shares have been on a relentless march downwards ... has faltered in the global credit crisis. However, as bad as the stock performance has been, AIB still looks ... on equity ((ROE)) of over 15% year after year, with its most recent reporting being over 20 [more...]

Date: 2009-01-14 10:06:31

Boehner Frets About What He Calls Republican "Knuckle-Draggers" Opposing The Bailout

The Bush Regime's Shock Doctrine strategy worked so well for them-- if not for us-- in the run up to the attack on Iraq ... is proceeding under (or around): today's monthly job report: The government is out with more bad economic ... the government conducted its survey during the week of Sept. 8, before the credit crisis took a new [more...]

Date: 2008-10-04 02:19:11

Xmas, Justice and Vince Cable

A short Xmas day post as I don’t want to seem too obsessive. First, thanks to Ben for sending me this fascinating polling report ... their children presents because they had been bad we would consider it almost an act of emotional abuse. Maybe ... to predict and warn against the credit crunch. If there was any justice Vince Cable’s prescience would [more...]

Date: 2008-12-25 11:26:16

Good News For Buyers Is Always Bad News For Sellers

The Desplains Times reports from Illinois. “Last month Dan decided to stop paying his mortgage. It was hard for him ... keep dropping,’ he said. ‘They go down by about $5,000 every month.’” “Dan’s credit score has been reduced from 750 before he purchased his townhouse to about 600 now, but he’s philosophic [more...]

Date: 2008-06-12 14:48:03

More Bad Economic News

(Our economy at sea.) Image credit: Found here.All you have to do is click on the keyword economy off to the left of this article to see what a sorry ... economists estimated, a report by ADP Employer Services said on Wednesday.The data comes two days ahead of the government's more comprehensive non-farm payrolls report, which unlike the ADP numbers [more...]

Date: 2009-01-07 19:48:00

Bush on last visit to Texas ranch as President

Bush on last visit to Texas ranch as President Bloggers Michael Swanberg Minority Report is Here... But So What? ... , The Prettiest Game I've Ever Played Or at least a good start... ...To Their (Bad) Credit [more...]

Date: 2008-12-28 06:41:13

Will Indian Car Maker Be First To Market A Tough, High-Mileage 4WD Pickup In The USA?

Mohindra diesel pickup. Image credit:AutoGreenBlog. India's Mahindra may launch new diesel pickup in U.S. in 2010. New York Times reports that domestic truck sales have plummeted badly. Real bad for auto workers and stockholders. Good for the enironment. Here's why the slump happened and what the win win alternative design might look like. A clip from the Times nails the main factor behind the dramatic fall off in truck sales. Car... Read the full story on TreeHugger [more...]

Date: 2009-10-01 12:33:31

How Bad Will The Bush Depression Be?

It looks like Bush is racing in his final days as occupant of the White House to see if he can beat Herbert Hoover's economic record as the most disastrous U.S. president for American families. Today's employment report puts Bush in good shape ... to the worsening credit crisis. That has put pressure on Congress and the White House to come [more...]

Date: 2008-12-05 20:30:00

The Yen Reeks Havoc on Some of Your Favorite Companies!

Over the years, American’s have really gotten a “thirst” for Japanese products ... of the recession and strong yen. Meanwhile, Honda had its credit rating cut by Fitch from A+ to A. Sony ... . How bad? Well, analysts were expecting a profit of 35 billion yen…instead, they may report a 100 [more...]

Date: 2009-01-15 19:52:35

Bottom feeding, Ollie soon & Freddy Coupon

A few interesting things to end a bad day with..... Jon Heyman was on MLB network tonight during the hot stove report and discussed the Lowe deal ... him". To Heyman's credit when everybody questioned why the Mets should raise their offer [more...]

Date: 2009-01-14 02:58:55

Automakers are expected to report another month of staggering sales declines for December

The good news for the auto industry in December came when General Motors and Chrysler got their federal bailout. The bad news is coming Monday, when . Many analysts are predicting the industry will report ... consumers avoided big purchases, unemployment and home foreclosures rose, and tight credit markets made [more...]

Date: 2009-01-04 01:32:16

Credit Crunch Effects to be Felt for Years: BlackRock’s Fink

While the majority of the financial crisis tied to bad mortgages and esoteric debt structures may be waning, ... to a report published by Reuters on Wednesday. “The worst of the financial market crisis is behind ... with the turmoil have quarters to go, maybe years to go, because of the contraction of credit, the bloated [more...]

Date: 2008-06-13 13:01:03

Consumer Reports Retirement Survey: Planning Ahead May Be Just As Risky As Rewarding

February issue offers 17 moves to rebuild the nest egg and secure the future In the wake of big investment losses many have turned to Plan B to ... their credit card use and spent less on groceries and household goods. “When bad investments happen to good ... . But it proved punishing during the unusually severe market downturn of recent months. The [more...]

Date: 2009-01-06 12:09:04

Chinese banks facing risks from bad loans

China’s lenders may have evaded the worst of the global credit crisis so far, but they are facing plenty of risks of their own, economists with credit agency Fitch Ratings said Friday. A larger-than-expected downturn ... ,” Chu said in a conference call following the release of a report outlining risks for the industry [more...]

Date: 2009-01-16 09:39:30

"McCain Is The Real Health-Care Reformer"

According to the Wall Street Journal,"It's good politics for Mr. Obama. But it's bad policy. Mr. McCain's proposal -- to give every American the tax credit businesses get for buying health ... who get their health insurance at work has been shrinking. In August, the Census Bureau reported [more...]

Date: 2008-10-07 23:21:07

Four at Four: Looking for Cash

Whatever remaining euphoria that existed on expectations for the passage of a mighty bailout package that will cure all bad debts and even ... s not ideal.” Business as usual means looking forward to the jobs report due out in the morning, the lackluster demand for consumer goods, and ongoing credit problems that have reduced borrowing [more...]

Date: 2008-10-02 11:40:00

The retail crash bodes ill for services

This is bad any way you slice it: Retail sales plunged far more than expected in December, a record sixth straight monthly decline as consumers were battered by a recession, a severe credit ... of the housing slowdown continued to seep into the local economy. According to a report Tuesday [more...]

Date: 2009-01-14 15:06:15

Catching the AP in the act: if the news isn't bad enough, they'll rewrite it

Take a look at the original article, which is still on Forbes' right at the moment, but I'm reproducing it here as a screenshot, ... are you doing? We can't report good economic news! At least not just yet, not until Obama has been in office long enough to take credit."Good lord. At least Dan Okrent at least admitted the New York Times [more...]

Date: 2009-01-09 04:15:00

Good Bank, Bad Bank: The Rich Win Again

So let’s see if I understand this brilliant brain fart correctly…Citigroup (C) and Bank of America (BAC) ... . What a fun game.Citigroup Reports $8.3 Billion Loss, Split Into Two Businesses: “Citigroup Inc. posted an $8.29 billion fourth-quarter loss, completing its worst year, as the credit crisis eroded [more...]

Date: 2009-01-16 13:40:00

B of A reports loss, gets more cash

The TARP was phase 1 of the bank bailout: give the banks cash to rebuild their capital ... for credit-losses nearly tripled, while the company showed why it needed further help from the government ... 1: the government is absorbing losses on bad assets themselves.  See Citi’s bailout in late November [more...]

Date: 2009-01-16 15:09:12

The Economic News Isn’t As Bad As the Media Wants You to Think It Is

Liz Peek Financial Columnist Today’s New York Times front page made me laugh. While the second-biggest jump in U.S ... Consumers Feel the Next Crisis: It’s Credit Cards.” Are they so worried that even one tiny day of respite ... has boosted the nation’s appetite for change, and that each new dismal report sinks McCain’s prospects [more...]

Date: 2008-10-29 17:30:08

Better Deals On A Bad Credit Secured Loan

A bad credit incident is identical to a peck on a borrowers credit report. The late payments or reluctant defaults were circumstantial, though right divided they have been strafing your repute as a borrower. Every time we visit a lender for a little help, bad credit remarks lift their nauseous conduct and we lapse dull handed. However, all is not mislaid for people with bad credit or ccjs opposite them. The lending marketplace is fiercely competitive. [more...]

Date: 2009-10-01 06:20:56

Better Deals On A Bad Credit Secured Loan

A bad credit incident is identical to a peck on a borrowers credit report. The late payments or reluctant defaults were circumstantial, though right divided they have been strafing your repute as a borrower. Every time we visit a lender for a little help, bad credit remarks lift their nauseous conduct and we lapse dull handed. However, all is not mislaid for people with bad credit or ccjs opposite them. The lending marketplace is fiercely competitive. [more...]

Date: 2009-10-01 06:20:56

Basics of Credit Repair

by Rob Kosberg People who know they have “bad” credit and are a big “credit risk” are usually aware that something has to change with the way they ... project. The “credit risk” label is based on your “credit report” and “credit score.” Therefore ... these reports. There are 3 credit bureaus that supply reports: TransUnion, Equifax, and Experian [more...]

Date: 2009-01-03 00:35:39

Fundamentals to Repairing Credit

by Rob Kosberg People who know they have “bad” credit and are a big “credit risk” are usually aware that something has to change with the way they ... . On a yearly basis, you are able to receive a free report (fee for the credit score) from each ... project. The “credit risk” label is based on your “credit report” and “credit score.” Therefore [more...]

Date: 2009-01-08 23:57:25

How Can Lawsuit Funding May Help To Avoid A Bad Credit

Many lawsuit plaintiffs have financial troubles while they wait for a settlement problem that could make more low their credit level . Credit reports are piled up by firms named credit bureaus that get reports directly from lenders about their customers paying practices. Founded on a debtors history of paying bills and the amount of debt the man has , credit bureaus go with a credit score for each man . [more...]

Date: 2009-09-30 13:20:28

Liens

If you do not pay State or Federal taxes or pay a debt owed to a creditor, they can make a claim against your property ... from the mortgage and the lien! How does a lien affect my credit report and credit score? This type of security interest looks very bad on your credit report. Potential lenders see a lien on file [more...]

Date: 2009-01-04 00:30:06

Best Credit Repair - Outdated Credit Fixing Techniques

Having bad credit report affects you in all financial aspects of your life, there is strongest reasons then, justifying a credit fixing as soon as you can, you will get the benefits of lower interest rates on all kind of loans you apply for. However, there some important points to take in consideration when you ... [more...]

Date: 2008-12-27 19:00:59

Bad Credit Unsecured Personal Loans: Feasible Monetary Aid Without Hassles

Getting approval for your loan application form will not be that easy if you are having bad credit problems ... , bank statements along with your past credit report. Once your credibility is established ... . But then, there are still some lenders, who cater to your specific needs and for the same are offering bad credit [more...]

Date: 2008-11-18 03:34:33

Looking Over my FREE Credit Report

Credit Report This past weekend while listening to some local financial talk show on the radio, they mentioned AnnualCreditReport.com ... as my report of choice. Things seemed to be working great — until they forwarded me on to Equifax’ ... it, they weren’t going to display my report. It left a bad taste in my mouth — I felt like I’ [more...]

Date: 2008-11-07 01:16:24

51 - 88 of 88 Posts
Page: First | < Preceding | Next >
0 | 1