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Job Creation, Not Loan Mods, Should Be Next Step

by phillenbrandDecember 10, 2008 Economy

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!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 [...]

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Signs of Recovery, Signs of Stupidity

by phillenbrandDecember 4, 2008 Consumer Mortgage Tips

On Monday, all of the financial world turned its ears to announcement that the United States is indeed in a recession, confirmed by the National Bureau of Economic Research. Of course, most of us who have followed the state of the economy already knew this, and are likely shaking their fists at the [...]

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Can the TALF Return Demand to the Markets?

by phillenbrandNovember 30, 2008 Consumer Mortgage Tips

We can now enter a new acronym into our lexicon: TALF. And what is TALF? The Federal Reserve and the Treasury announced on November 25th that a Term Asset-backed securities Loan Facility will be created to provide liquidity for purchasers of ABS?s (Asset-Backed Securities, which include mortgage-backed securities). Asset-backed securities also include student loans and [...]

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