Mortgage Meltdown
Posted in Mortgages on Mar 10th, 2008
Aaaargh! I forgot to include this a couple weeks ago in the round-up. It’s a great way to understand how the bottom fell out of the subprime mortgage market.
Category Archive for 'Mortgages'
Homeowners Fight Back and WIN!
Posted in Mortgages, Real Estate Industry on Feb 5th, 2008
Note: Whenever I use the term ‘fight back’, I think of David Horowitz and his TV show which aired in the 70’s. That was good TV, I tell you. Great, now I have the theme song running through my head.
Anyway, some Staten Island Homeowners were pressured into a high-cost subprime loan, when they would have qualified [...]
Help from Washington - D.C., that is
Posted in Mortgages, Tri-Cities Market on Dec 5th, 2007
Some people wanted more help for those struggling with their subprime mortgages. Others thought they shouldn’t be helped out at all. The Bush group compromised with this plan.
This paragraph struck me -
The administration plan is designed to deal with the crisis by letting subprime borrowers who are living in their homes and are current on [...]