Types Of Bankruptcy

E*Trade sale may hinge on mortgage portfolio: report (Reuters via Yahoo! News)   Prospective buyers of online brokerage E*Trade Financial Corp are haggling over the value of its weakening mortgage portfolio, the Wall Street Journal reported Monday in its online edition, citing


Why Low-Cost Beach Towns Will Continue to Lure Buyers  These locations will no doubt continue to attract new residents, even as the housing market softens along the coasts -- especially as more baby boomers reach retirement age.read more...


ADV: Hundreds of Online Degree Programs  Search our directory of online degree programs. Associate, Bachelor, Master and Doctorate degrees offered from accredited colleges in business, health care, education and technology.via


Mortgage Mess Creates Lending Drought   "There are good bargains for people with reasonably good credit and a little money in the bank" Mortgage broker Ed Smith Jr. has been arranging home loans for 24


AMP sells stake in Henderson  FINANCIAL services group AMP has rid itself of the last vestiges of its disastrous foray into the UK by selling its remaining stake in the Henderson Group plc for $212


Court boosts homeless  IT IS AMAZING SOMETIMES the little things that turn into big things and hold people back.read more...

April 4th, 2008

Spreading Risk Around Isn’t the Answer

You have heard the complaint: In our home loan system, nobody worries about the risk because they pass it on to the next player in the chain. If everyone in the chain had skin in the game—something to lose if the loan went bad—we wouldn’t be in the mess we are in now.



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