If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Money And Markets - Financial Terrorism and You
Huffington Post - In for a Penny, In for $2.98 Trillion
MISH’S Global Economic Trend Analysis - Commercial Real Estate Limbo; Lenders Ignore Defaults
Housing Doom - Lenders Refusing “Solid Offers”
Dr. Housing Bubble - Leveraging the Future for [...]
The UK-based bank announced a flurry of changes to its business in the States. HSBC announced 6,100 job cuts, raising $18 billion in new capital, and pulling out of consumer lending in the United States.
The company is most notorious for its purchase of Household International, one of America’s most prolific subprime lenders. In addition [...]
Our Friends over at the Mortgage Lender Implode-O-Meter have issed a statement regarding the fishy-smelling goings-on regarding the uncertain future of FHA seller-funded downpayment assistance. Here’s a bit of their press release for a synopsis on the problem:
The SFDPA practice was completely banned by the July 2008 housing bill, [...]
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