Some sub-prime moments
The Australian - Sydney,Australia
One is widespread defaults in the US sub-prime mortgage market (home loans to borrowers who fail to meet normal lending criteria), which spreads to the rest ...
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Put fat market lions back in their cages
The Australian - Sydney,Australia
The collapse of the mountain of securitised debt that Wall Street built on top of the sub-prime and broader mortgage market and the associated crash of the ...
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Bradford & Bingley Death of a one-trick pony
Economist - UK
UNLIKE the botched nationalisation in February of Northern Rock, a troubled mortgage lender, or the forced monster merger—which could still come unstuck—of ...
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What the Bailout Means for Mortgage Rates
U.S. News & World Report - Washington,DC,USA
Under the terms of the legislation—which still faces an uncertain road through Congress—the government would purchase up to $700 billion of souring mortgage ...
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An Unprecedented Move and What It Means to You
Community Advocate - Westborough,MA,USA
The recent events with Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation) took me back to that ...
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Credit Unions Buck Trend; Remain Solid Despite Mortgage Meltdown
MarketWatch - USA
MEQUON, WI, Oct 02, 2008 (MARKET WIRE via COMTEX) -- The subprime mortgage meltdown continues to have ripple effects throughout the economy, ...
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UPDATE 1-Friedman cuts target on Thornburg Mortgage stock
Reuters - USA
N: Quote, Profile, Research, Stock Buzz), saying the uncertainty in its residential mortgage-backed securities portfolio, along with financing risks, ...
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John Williams: Get rid of mortgage-backed securities, credit swaps
The Capital Times - Madison,WI,USA
The problem on Wall Street is all about mortgage-backed securities, derivatives and credit swaps -- none of which should exist. Close Fannie Mae and Freddie ...
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South Windsor Mortgage Broker Fined $10000 For Fraud
Hartford Courant - United States
By EDMUND H. MAHONY A 38-year-old mortgage broker escaped prison time but was fined $10000 Monday for a multilayered mortgage fraud that cost a Coventry ...
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ECONOMY ON EDGE Q & A: Mortgage rates, defaults on minds
Detroit Free Press - United States
Q: What does my wife need to do to get out of an adjustable rate mortgage? The rate is 9.5% and she has tried calling the bank where the loan is from, ...
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The Basics of Home Financing: A Mortgage Loan Guide
By Stacey Doyle
A mortgage payment should not exceed one-third of your monthly income because you have to pay for utilities, homeowners insurance, taxes, home repairs and other everyday expenses. Many online lenders and financial sites have loan ...
The Smarter Wallet -

Q: What is the difference between carbon offsets and mortgage ...
By Joe
In the case of the securities, before paying good money for them, you have to figure out what the value of the underlying mortgages are. Oftentimes they are almost worthless. In the case of carbon offsets, before you pay good money for ...
Climate Progress -

Quarter of Americans Are Unaware of Their Mortgage Status
By admin
Although the issue is tied to matters beyond individual behaviour, there is still a problem with many people across the nation who had or has mortgages. Put simply, they don’t know what the nature of their home loans is exactly. ...

US mortgage rates up slightly in week
Average mortgage rates were nearly unchanged during the past week, leaving rates above the levels of two weeks ago, said Frank Nothaft, Freddie Mac vice president and chief economist. Reflecting the rate uptick from two weeks ago, ...
Times of the Internet -

Mortgage Crisis Scholarship
By Jeff Sovern
Who is to blame for the large mortgage market losses borne by consumers, communities, the financial services industry and others? This paper explores government's responsibility. It explores whether the decision to deregulate the ...
CL&P Blog -