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How to Explain the Subprime Financial Crisis Part 1
The first lesson in a two part series on the subprime financial crisis and how to explain what happened in a simple manner.
9 commentsMortgage 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 commentsRecession: 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 commentsThe fall of the investment banking industry. Will Goldman and Morgan survive?
Rewind backward by just a couple of years and take a look at the investment banking industry on Wall Street. Everything was humming along quite brilliantly with no apparent signs of distress. There were at...
0 commentsWhy the Foreclosure 'Rescue' Bill is Insane
The US Congress is passing a foreclosure rescue bill in a big hurry this week because President Bush announced he would not veto it as he had stated earlier. The bill has been languishing in Congress for...
25 commentsHome Equity Loans and Home Equity Credit Lines
Buying a home offers a number of tax advantages and also means that you are investing in actually owning something. As you begin to pay for a home, you build equity in the home, which you can use to get a home equity loan, but it is important to be careful with this type of credit product...
2 commentsForeclosure Epidemic
Last year, I had a little money to invest so I made an investment to educate myself in the mortgage industry in order to become a loan officer. First of all, this was a new field for me, because, my training...
2 commentsHow Mortgages Began
In order to understand mortgages, it is best to start with their history and where the idea of a mortgage actually came from. It all began as far back as the 12th Century, when creditors were protected by law...
2 commentsUnderstanding Subprime Mortgages
A number of financial experts blame much of the financial crisis on subprime mortgages. While these mortgages certainly contributed to our current financial problems, they were only a part of the problem.
2 commentsHow to Shop for a Bad Credit Mortgage Loan
How can you apply for a bad credit mortgage loan to finance your needs? It may be hard but there is always a way. If you’re dreaming of getting a new car, or getting married and moving into a new home...
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