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Option ARM

San Diego Drowning

by MorganFebruary 15, 2009 Mortgage News/Insight

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!A great graph of San Diego and the percentage of homeowners experiencing negative equity (h/t Paul Kedrosky) from the San Diego Union Tribune.
As a commentor on Paul’s site remarked it would be interesting to see the percentage of Option [...]

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Are Credit Scores Obsolete?

by phillenbrandFebruary 4, 2009 Credit

“Credit is a system whereby a person who can’t pay gets another person who can’t pay to guarantee that he can pay.” – Charles Dickens

In this current economy where foreclosures, unemployment, bankruptcies and consumer credit defaults are reaching epic levels, are credit scores irrelevant?
A credit score is a numerical expression based on a statistical analysis [...]

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Morning Quickie 01/21/2009

by phillenbrandJanuary 21, 2009 We're Reading

Dr. Housing Bubble - Option ARM Borrower Psychology:  The Dirty Truth Behind The Worst Mortgage Product And Those That Abuse Them.  My Name Is Bob And I Use Option ARMs – Although it doesn’t seem possible, this article is even better than the great title!
How The World Works - Ben Stein:  Please Eat Your Hat
Mortgage Insider - BofA Needs [...]

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