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CherylTheWriter profile image88

Recession: What is it and How did we get there?

Second quarter 2008 First of all, it hasn't yet been determined that the United States is currently in a recession. The National Bureau of Economic Research, the major (and supposedly unbiased) research...

8 comments    life advice finance
83

Are 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 comment    mortgage crisis mortgage crisis 2010
85

How Bad Is The Subprime Mortgage Crisis?

To understand the nature of the subprime mortgage crisis and how we got ourselves into such an incredible mess (as well as what that mess really is), we need to go back several decades and examine how the...

67 comments    business finance money
87

Chief Financial Officer Duties

In formulating a financial plan and financial policies for his firm the financial manager will find the following outline useful. I. GET AN UNDERSTANDING OF THE FUNDAMENTAL CHARACTERISTICS OF THE FIRM AND...

4 comments    business bankruptcy cash flow
Foreclosure Relief May Be Possible73

Struggling Homeowners Get New Hope

If you or a loved one is facing potential foreclosure on your home, you may have been offered some new hope, recently. The Bush Administration announced "Project Lifeline," which is a new initiative to offer a...

7 comments    finance home credit
72

Mortgage 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 comments    financial crisis mark zandi
Image from sf.curbed.com71

The Other Side of SubPrime Loans

A wise man by the name Warren Buffet had once remarked “Derivative products are financial weapons of mass destruction”. He was spot on but the so called finance wizards paid no attention to his wisdom. ...

65 comments    finance money loans
69

Subprime Mortgage Crisis Enabled by Alan Greenspan

Yesterday, Ben Bernanke reversed the Fed's position under Greenspan and proposed tighter mortgage lending rules, stating that " Unfair and deceptive acts and practices hurt not just borrowers and their...

5 comments    federal reserve alan greenspan
69

Crook Alert--Can these Mortgages Be Saved? by Gretchen Morgensen in the NYT

Gretchen Morgensen exposes the misleading claims and seedy practices of Countrywide Financial Corporation, the nation's largest home mortgage originator and servicer. The company has made innacurate public...

0 comments    subprime mortgages
ElizabethGrant profile image67

Subprime Mortgages Explained in Easy Terms

In the news these days all you seem to hear about is the subprime mortgage problems that are blighting the United States and Britain. And at the same time, there are adverts everywhere promoting subprime...

business subprime subprime mortgage
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