Category: Mortgage Interest Rates
America Committing Suicide by Stupidity
Thank you Lehman, Bear Stearns, Citi, Bank of America... for THE Credit Default Swap Mess and...
The demise of the dollar
This is oil politics at its best but it is made 1000 times worse by the inept greed hoisted on the globe by America's foolish Wall Street Bankers....
Subprime Defaults Double.. Over 60% of Those Files Contain Substantial Fraud
Standard & Poor’s raised expectations for losses on Subprime mortgage securities tied to exotic mortgages. Mortgage Backed Securities (MBS's) backed by non-conventional loans have been downgraded substantially in recent weeks. The latest downgrades are a result of declines in...
Are African-Americans Avoiding Their Credit Responsibilities?
I had felt the pain of Subprime borrowers but didn't know the problem was so wide spread until I attended a credit repair event. Seemingly, the cost of credit is being raised disporportunitly by a single minority group- African-Americans.
More complaints surfaced...
To Hell With Subprime Credit Borrowers !!
I just had to write this article and vent to you all. Hopefully some of you will understand what I'm experiencing.
A borrower walked in to my office and dropped off some credit information for me to deliver to the credit repair company (as a favor to her). Credit repair...
Obama Pulling All The Right Levers
President Obama will host a roundtable discussion this morning (April 9th) in the Roosevelt Room about the impact of historically low interest rates. Attending the meeting will be a handful of households who have re-financed their homes and benefited from lower mortgage payments, as...