Can The Unemployed Afford A Mortgage Payment?
Government Determined To Keep Unwilling Homeowners In Homes The FDIC announced a new initiative to reduce foreclosures on home mortgage loans held by failed banks that were acquired by another institution. This new FDIC program goes far [...]
Time Shares – Another Shattered Dream
Vacation Turns Into Financial Nightmare Anyone who has vacationed to a tropical resort cannot be blamed for thinking how great it would be to own a piece of paradise. Those who succumbed to the charms of the [...]
Profile Of A “Making Home Affordable” Homeowner – Everyone Should Do It
Overburdened Homeowner Subsidized Loan modification programs have been seen as the answer to preventing foreclosures and allowing the housing market to stabilize. The programs have become progressively more aggressive as foreclosures continue to mount and housing prices [...]
Obama – 40 more years!
For all of those worried about tax increases, slow economic growth and rapidly expanding deficits, I have one word – relax. Consider the following comments made by the President today. Obama Says Robust Growth Will Prevent Tax [...]
FHA – Ready To Join Fannie And Freddie
Multiple Reasons For High FHA Default Rates Massive default rates in the FHA loan program are starting to raise a few eyebrows. Without major reform of fundamentally poor lending policies, the FHA could soon join the failed [...]
Loan Modification Searches Go Parabolic – Making Home Affordable Guidelines
Loan Modification Enters Mainstream Vocabulary If you had used the term “loan modification” six months ago, most people would have given you a blank stare. With the passage of the Homeowner Affordability and Stability Plan, the term [...]
Chinese Likely To Halt Purchases Of US Treasury Debt
Nervous Times In China The Chinese are learning the hard way about an old American banking story. The man who owes the bank $50,000 dollars on a secured loan may lay awake at night worrying about how [...]
Fed Struggles To Lower Mortgage Rates
Fed Determined To Lower Mortgage Rates With Unconventional Methods Mortgage rates started dropping late last year after the Federal Reserve announced that it would be purchasing mortgage backed securities (MBS) in an effort to lower mortgage rates. [...]
The Age Of Austerity
Very little of the $8 trillion plus that the Government has committed to the economy seems to be trickling down to the average consumer. One in five U.S. households was behind on its utility bills One in [...]
