Finding the exit

How you think we might get out of our current economic problems has something to do with how you think we got into them in the first place ... ratio of household mortgage debt to GDP. Home mortgage debt outstanding as a percentage of GP ... the phenomenal debt accumulation of 2005. Personal saving as a percentage of disposable [more...]

Date: 2008-12-16 01:26:45

Blog posts (26) | Videos (10)
 

Debt Consolidation

Are you having financial problem and you feel like your back is against the wall, Always stressing out don’t know what to do or where to turn? ... out your financial situation they do free debt analysis, Credit counseling, Mortgage & Refinance and Debt ... of he most trusted and reputable law firm specializing in all matters concerning debt negoti [more...]

Date: 2009-01-13 02:23:50

Bankruptcy Bad Credit Mortgage Loan

The word bankruptcy gives rise to an image of utter helplessness ... one gets rid of all the debt problems in a short period of time. There are many debt elimination ... with multiple debt problems juggling with payments often consider bankruptcy. They feel it can offer [more...]

Date: 2008-12-03 04:00:19

Employee Stress Levels Are Rising - What Are You Doing?

Stress is wreaking havoc on the day-to-day lives of your employees. How do we know? ... experiencing stress, depression and financial worries. According to Retail Trust, its helpline is taking ... in conversations including mortgage, foreclosure, loan problem, and debt.  From July to September [more...]

Date: 2008-11-17 15:22:22

Financial Forecast for 2009, Considering Resource Limitations

In this post, I consider some major issues contributing to our current financial problems, before making a financial forecast for 2009. These are 1 ... from the bottom: Layer 1. Household Debt (Mortgages, auto loans, credit card debt, student loans ... debt-based financial system operating. 3. Where we are now, and the role reduced resources [more...]

Date: 2009-01-06 15:10:32

Medical debt adding to credit crisis and economic problems

For me this is one of the most disgraceful aspects of the Republican control in America ... led them to amass a pile of credit card debt and forced them to refinance the mortgage on their house ... where someone either went into debt or feared going into debt so opted for no health care or a bad [more...]

Date: 2008-10-30 05:57:01

Citigroup and Bankrutcy Judges Join Forces to Save Homeowners from Foreclosure

News came out today that may help many homeowners who are facing problems with their mortgage ... to follow suit. Known as “cramdown,” the rewrite would let bankruptcy court judges erase some mortgage debt to help bankrupt homeowners better handle their payments, subject to strict conditions [more...]

Date: 2009-01-08 22:36:43

Bad Credit Consolidation: When Its Necessary

by Jill Harney Bad credit consolidation is something that everyone seems to go through at some point ... cannot keep up with their mortgage payments. Most bad credit and the resulting card debt consolidation ... way out is consolidation of debt. Credit problems can start off small but when large sums [more...]

Date: 2008-07-17 15:05:54

Did collection calls contribute to Floridian's death?

Filed under: Credit , Debt Florida law firm Morgan and Morgan filed a first-of-its-kind lawsuit alleging that a company's collection calls were so frequent and harassing that they contributed to a person's death because they increased Stanley McLeod's blood pressure and stress levels. McLeod's debt problems stemmed from the fact that he had difficulty paying his mortgage because he had to quit his job at Sears after suffering a massive heart attack. [more...]

Date: 2009-09-17 19:00:00

New Congress Looks To Add Mortgage Debt To Bankruptcies - BIG MISTAKE

Congress So we have finally flushed most of the bad debt out of our system in 2008 ... modify other unsettled obligations, such as credit card debt. While the housing market downswing ... problem on the horizon is that Congress is back in session today. Instead of looking at 2009 [more...]

Date: 2009-01-06 14:51:56

Dicing With Debt

Dicing With Debt Posted in January 15th, 2009 Category:Debt Relief Britons are taking on record levels of mortgage and credit card debt, with figures released last year showing that UK personal debts far out weigh that of our European neighbours. For those in need of help with financial problems then the Citizens Advice Bureau [more...]

Date: 2009-01-15 07:42:47

The “Helicopter Drop” Has Begun

The Fed cut interest rates to effectively 0% today, but that really isn’t important. The problem is that even though money is now ( ... about all the existing debt starting to go bad, so creating new loans doesn’t make sense. Thus comes the “helicopter ... debt and mortgage-backed securities to provide support to the mortgage and housing markets.” [more...]

Date: 2008-12-17 00:03:00

Subsidizing Mortgages

One prominent proposal comes from Glenn Hubbard and Christopher Mayer ... the obvious. "The problem with subsidizing mortgages is you're subsidizing people getting into debt [more...]

Date: 2008-12-22 13:37:08

When Banks Increase Profits In A Falling Market

While we have all seen the headlines about debt problems in the UK, falling house prices, etc, you would have thought that the banks would be struggling to make money.  Think again! The only real way in which banks can lose money, from their traditional banking operations, is by writing off bad debts.  You may find this a little curious because surely as interest rates fall, their profit from each loan, each mortgage  and other instruments will fall – not always. [more...]

Date: 2009-09-25 02:04:09

We can’t predict anything in financial markets, let’s stop fooling ourselves and the public

Sand in the Gears. Image by JFabra [de nuevo en Am?? ... to markets won’t be enough to solve the problem: “But merely making credit available via bailouts ... economy. Take a mortgage. That’s a piece of debt (what you, the punter, owe the bank), and that debt [more...]

Date: 2009-01-09 08:52:18

FANNIE AND FREDDIE MAC ON THE BRINK

Continued sharp slide in shares of mortgage finance firms raises new concerns about need for new capital, threat of government takeover [ ... , or about half the mortgage debt in the country. They play a central role in the U.S. housing market ... of the companies if their problems worsen. The shares started to erase early losses when word came [more...]

Date: 2008-07-11 15:26:26

The Bubble Was Bound To Break

WCSH 6 reports from Maine. “2008 was a difficult year for real estate on many fronts ... s now been resolved. But if the problem is your mortgage went up to more than you can afford, (Chapter ... A Manchester woman who owns a courier business got into debt after her gas expenses spiked to $1,500 [more...]

Date: 2009-01-14 13:37:16

Bad Credit Mortgages

Bad Credit Mortgages Posted by Dark Spider at December 26, 2008 Many people these days have an adverse credit mortgage rating ... isn’t difficult to get, but unless you take some professional advice, you may not get the best deal ... or suffered other debt problems, such as defaults,non payment of utility bills. Maybe [more...]

Date: 2008-12-26 00:07:19

Commercial mortgage problems, GMAC & Indy update, Bank branch pricing strong

It was mealtime during an airline flight. “Would you like dinner?” the flight attendant asked John, seated in front. “What are my choices? ... and credit card debt. Last week GMAC received an early “Christmas present” by receiving the Federal ... private equity firms, and the hedge- fund firm Paulson & Co. Credit cards and commercial real estate [more...]

Date: 2008-12-29 13:07:42

Believe It, YOU Can Be DEBT Free

Yes, I hear you asking, “HOW is it possible to be debt free”? Fair questions require answers that make sense ... mortgage payment, water bill, credit cards, etc. can cause serious problems. As you know, banks and credit card firms have huge fees waiting to hit us between the eyes if we are late with a payment [more...]

Date: 2009-01-10 00:34:38

Mortgage and Credit Card Companies Under the Spotlight on Consumer Charging

For the first time since May 1996 reports have indicated that wage increases have risen faster than house price inflation ... that consumers are struggling with debt. Ed Stansfield of Capital Economics, said, “Today’s figures show that for a small but growing minority of borrowers levels of debt have become a problem, despite [more...]

Date: 2009-01-14 23:35:31

Why Government Interaction is Ruining the Marketplace

In a deal that was set to finalize at the turn of the year, ... . Unfortunately, throwing money at the problem du jour, is the wrong solution. Rather than deal ... the government has made to this point has been to purchase $600 billion in debt and mortgage-backed [more...]

Date: 2009-01-15 16:19:33

Free credit report for a brighter tomorrow

The family encounters those financial problems arising. They make budgets for the family use and those debts to pay ... all at the same time? Like bills, mortgages, other loans, and credit card that way it’s beyond ... . With the use of debt consolidation, you can pay your multiple debts in one debt. Meaning, combining [more...]

Date: 2008-10-05 06:49:10

Bernanke: Obama stimulus would lift the economy (1/13/2009) ... mortgages and other bad assets held by financial institutions, a problem that has contributed to a lockup ... is lending billions to financial companies and buying mounds of companies' debt to help bust through [more...]

Date: 2009-01-13 20:08:03

bad credit 2nd mortgage

If you are in need of a second mortgage, don’t let bad credit stop you from applying for a loan. Bad credit is a very common problem and lenders have become much more lenient when it comes ... with a bad credit can help you to pay the huge amount of your debt and save extra money for expenditures [more...]

Date: 2009-01-14 04:43:23

Beware of fake mortgage ‘fixers’

Beware of fake mortgage ‘fixers’ In the housing market collapse, a new breed of rip-off artist has emerged, ... . Help! My post-divorce debt is killing me! Fuel Posted By : Steven G When it comes to business and finance there is a big problem with the ethics of the men and women behind big oil and the government [more...]

Date: 2009-01-15 23:19:09

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