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Which banks are in the most trouble now?
After Friday afternoon's news that IndyMac Bancorp was being taken over by the government and then reopened yesterday under the new name IndyMac Federal Bank, the worry on Wall Street and Main Street has grown...
18 commentsAre You Ready for the Next Mortgage Crisis 2010?
The United States sub-prime mortgage crisis 2009 is behind us. But an Option ARM mortgage crisis 2010 is on the way. The United States economy appears to be improving. Housing sales continue to rise. Home...
1 commentMortgage Market Crisis/A Failure to Manage Risk/Economic Outlook Grim
Economic Outlook--Slow Motion Recession Plummeting home prices and car sales, rising foreclosures, accelerating joblessness, tight credit, expected FEDERAL RESERVE interest rate increases. 2 years of sub-par...
7 comments9-19-08 Crisis End Game--Paul Krugman NY Times
Op-Ed Columnist Crisis Endgame By PAUL KRUGMAN Published: September 18, 2008 On Sunday, Henry Paulson, the Treasury secretary, tried to draw a line in the sand against further bailouts of failing financial...
29 commentsDelinquent Mortgage
Fact, in the US more than 11% of all mortgages are either delinquent or in foreclosure. This is an alarming number. Currently there are about 1.5 million homes which are probably going to be going...
0 commentsThe Tumble of Post-Industrial Society
The Tumble of Post-Industrial Society By Dmitriy Belyanin The sub-prime mortgage crisis in the United States of America and the beginning of recession in Europe have created doubts about the sustenance...
0 commentsForeclosure Alley, a Sad Video
Foreclosure Alley Trashouts Foreclosures are dominating the real estate market in Southern California. 700 families lose their homes every day.IRS Q & A on Foreclosures Foreclosure Statistics One in 200 homes...
4 commentsFreedom Debt Relief - Subprime Mortgage Crisis guide
According to Investopedia - A subprime mortgage is a type of loan granted to individuals with poor credit histories (often below 600), who, as a result of their deficient credit ratings, would not be able to...
0 commentsSponsor an Executive
You may not realize it but the people who are suffering the most as a result of the subprime mortgage crisis are executives of Wall Street firms whose bonuses have been cut or have lost their jobs. In...
5 commentsA New Mortgage Crisis
What is the New Crisis A recent video by 60 Minutes brought light of the fact that there’s much more to the subprime mortgage crisis than we know about. A good portion of those having the 3/1...
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