If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!The Big Picture - Was the ‘00-03 Crash Bush’s Fault? ‘09 Obama’s?
The Big Picture - Daily Show vs CNBC
Mish’s Global Economic Analysis - Top Secret Musings And Other Economic Insanity
Naked Capitalism - The Treasury Mortgage Mod Program: Should We Hope It Doesn’t [...]
Realty Check - Second Liens Forgiven: Are You Kidding Me?
Accrued Interest - General Electric: Kobayashi Maru
The Big Picture - Cost Concerns
Deal Journal - Mortgages: Waiting for the Other Credit Shoe to Drop
?As a new Federal foreclosure policy unfolds in the months to come, public opinion will certainly play a central role. It’s clear that people have strong opinions and a candid and vigorous debate will improve the chances for a successful outcome. The outcome could shape the real estate markets for many years to come,? said [...]
Much has been made by those in the peanut gallery of the need to modify the terms of delinquent or defaulted mortgages. The logic behind this line of thought was relatively sound: after all, the reckless issuance of adjustable-rate mortgages (ARMs) to people who wouldn?t be able to make the payments once the rates were [...]
by Constantine von HoffmanDecember 9, 2008
Economy
A guest post from Constantine von Hoffman, veteran business journalist and author of the blog CollateralDamage.biz, a satirical look at marketing and business.
John Dugan, head of the U.S. Office of the Comptroller of the Currency, said yesterday that nearly 36 percent of borrowers who received restructured mortgages re-defaulted within three months. That rate jumped to [...]
A guest post from Frank Shump. Frank is a veteran from the financial services industry, and currently authors a blog called Thefinancecastle.com, which documents his thoughts on money matters and his adventures in self employment.
Government assistance and intervention when it comes to housing and mortgages is always a thorny issue. First, it?s important to note that when the government [...]
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