From indymedia.org.uk
()
Subprime Mortgages
How will subprime mortgages, and more importantly defaults of subprime mortgages impact the real estate market as well as the US economy as a whole?
Ron Beller, trustee of Ark Academies, finds it appropriate to make a fortune from the subprime mortgage disaster, and act as a 'philanthropic' trustee for Ark Academies, at the same time.
- Hamilton on CDS Trade: "A fool and his money ..." (calculatedrisk.blogspot.com)
- Op-Ed Friday: Son of Subprime (housingdoom.com)
- Worse than subprime? Other mortgages imploding slowly (McClatchy... (rss.news.yahoo.com)
Fitch Ratings took action on thousands of classes of subprime residential mortgage-backed securities (RMBS) issued prior to 2005, including many downgrades of some classes further into triple-C and single-D junk territory and affirmations of other triple-A classes.
The actions come as part of Fitch’s ongoing adjustments for deteriorating subprime performance. They indicate RMBS originated before the [...]
From housingwire.com
()
- Fitch Takes Action on Older Subprime Mortgage Securitizations ... (blogsearch.google.com)
- Fitch, S&P Downgrade Subprime, Jumbo RMBS Transactions (seekingalpha.com)
- Fitch Expects Home Prices to Fall through 2nd Half of 2010 (calculatedrisk.blogspot.com)
Obama's Subprime Refinance ProgramSeeking AlphaThe administration expanded its Home Affordable Refinance Program to include borrowers current on payments but whose mortgages are worth up to 125% of the ...New refi rules should help in Ariz.Arizona RepublicOwe more than your home is worth? You can still refinance, but ...Seattle TimesMobile Finance, Inc Announces Mobile Home Financing and ...PR-USA.net (press release)all 6 news articles »
From news.google.com
()
- Talk:Government policies and the subprime mortgage crisis (en.wikipedia.org)
- Subprime mortgage crisis solutions debate (en.wikipedia.org)
- Louis: A subprime mortgage wolf tries wearing sheep's clothing (nydailynews.com)
From Gretchen Morgenson at the NY Times: So Many Foreclosures, So Little Logic Alan M. White, an assistant professor at the Valparaiso University law school in Indiana analyzed data on 3.5 million subprime and alt-A mortgages in securitization pools overseen by Wells Fargo....In June, the data show almost 32,000 liquidation sales; the average loss on those was 64.7 percent of the original loan balance. Here are the numbers: the average loan...
From blogger.com
()
- Subprime mortgage culprits (blogger.com)
What is really behind the mushrooming rate of mortgage foreclosures since 2007? The evidence from a huge national database containing millions of individual loans strongly suggests that the single most important factor is whether the homeowner has negative equity in a house -- that is, the balance of the mortgage is greater than the value of the house. This means that most government policies being discussed to remedy woes in the housing...
From huffingtonpost.com
()
- Minority Women Treated Differently in Subprime Lending Market (theskanner.com)
On Friday, speaking in opposition to the Waxman-Markey energy bill, Spencer Bachus, R-Ala., the ranking GOP member of the House Financial Services Committee, warned that the bill's cap-and-trade system for restricting greenhouse gas emissions could set the stage for an economic meltdown of subprime-mortgage-like proportions.
Michele Chan of Friends of the Earth says if not properly regulated the offset derivatives could become what she...
From salon.com
()
- Could Cap and Trade Cause Another Market Meltdown? (search.live.com)
Felix Salmon submits: Mike at Rortybomb wades into the CRA debate with a very good point: toxic subprime loans bear almost no relation to CRA loans. 80% of the subprime mortgages expired in 30 months; they perpetually had to be refinanced. 75%+ of subprime mortages had a prepayment penalty. This is not at all what CRA loans looked like. CRA rooted for solid, longer-term mortgages.Complete Story »
From seekingalpha.com
()
- Are Reverse Mortgages the New Subprime Loans? (findlaw.com)
- Foreclosure crisis spreads from subprime to prime mortgages (foreclosurepulse.com)
