In The News Today
“We would characterize this situation as a systemic margin call.”
Here is a picture of what the bailout that was certain, like Friday’s $200 billion to fix everything, is going to do to us ALL. via Jim Sinclair’s MineSet
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Why Mortgage Life Insurance is Not a Good Idea (Wellsville Daily Reporter) (ARA) - If you've recently taken out a mortgage, brace yourself for the onslaught. Before you even finish unpacking, your mailbox will likely be filled with offers for all kinds
Bush Offers Help to Overwhelmed Mortgage Holders (NPR) Responding to the growing wave of mortgage foreclosures, President Bush has announced measures that could help some troubled borrowers keep their homes. But only a small fraction of subprime borrowers
FBR Taking $38 Million Mortgage Loss (AP via Yahoo! Finance) Financial services firm Friedman, Billings, Ramsey Group Inc. said Friday it will take $38 million in losses in the fourth quarter related to subprime mortgage holdings.read more...
Use reverse mortgage as a last resort, experts say (Arizona Daily Star) Q What is a reverse mortgage?read more...
United, Pension Agency Reach Settlement Associated Press Update 1: United, Pension Agency Reach Settlement 04.22.2005, 03:08 PM United Airlines' plan to eliminate its employees' defined-benefit pension plans moved a step closer to reality Friday when
Rising rates could deflate home buying (Reg Req'd) Americans may have seen the last of long-term mortgage rates below 6 percent, and borrowing costs for home buyers likely will climb further, slowing frenetic demand that has stoked U.S.
March 9th, 2008
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