I don’t make enough money, so how am I supposed to get a loan these days? Fortunately “entrepreneurs” never cease to amaze me: http://www.fakepaycheckstubs.com
Jerry Seinfeld makes enough money: he just signed on with Microsoft for $10 million for an advertising campaign.
Yesterday mortgage company stocks were all over the map. Wells Fargo shares rose 4.1%, Bank of America’s gained 4.3%. Fannie Mae and Freddie Mac lost more than 22% each, as it would seem that if they were brought under... Read Full Story
Crude’s Slide Greases A New Bull - Martin T. Sosnoff - Hang on for a raging bull market once a bottom in home prices joins up with cheaper commodities. - Forbes
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Recession of 2008? Evidence Is Still Weak - Bill Conerly - Businomics Blog
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Pitfalls of Countrywide acquisition - RACHEL BECK - … “This deal is so rancid and npredictable,” said Christopher Whalen, managing director at the consulting firm Institutional Risk Analytics. “Bank of America’s executives can’t even articulate... Read Full Story
from BC - I have a complaint - The NYT accepted ad revenue and ran these ads. Now they imply the ads were bad. Isn’t that a bit hypocritical as they accepted advertising revenue, and now criticize? - thanks to 3 readers for pointing this article out. - The Debt Trap Home Equity Frenzy Was a Bank Ad Come True - LOUISE STORY - An ad in 2002 from Fleet, now a part of Bank of America, asked, “Is your mortgage squeezing your wallet? Squeeze back.” Another Fleet ad said: “The smartest... Read Full Story
Just a few weeks ago, U.S. Treasury Secretary Henry Paulson held that a bailout of Fannie Mae and Freddie Mac to be highly improbable, if not impossible. Now there is talk that an extraordinary Treasury capital infusion may be needed to restore faltering foreign demand for debt issued by Fannie Mae and Freddie Mac. The mortgage twins are the nation’s two top home funding sources that the government is willing to rescue to save the U.S. housing market.
Foreign central banks have dumped nearly... Read Full Story
As the market shows lower rates many are thinking of refinancing their home loans thus saving thousands of dollars in interests. However in order to decide whether a refinance is the right option for you, you need to know the process of mortgage refinance and which lenders and which loans are right for you. Mortgage Refinance DefinitionMortgage refinance implies getting a loan in order to pay off an outstanding loan. Both loans will be secured with the same asset thus the repayment is done... Read Full Story
