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 No Mortgage Meltdown For These Banks The news from Wall Street in recent weeks has not been good, especially in the world of mortgages. Famous lenders with once-fabulous finances are turning up in the headlines among the broke and busted. One result is that the mortgage meltdown is described in global terms, as if all lenders offered toxic loans during the past few years and the entire financial community is universally in trouble. VIEW FULL STORY | ||
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Long-Term Solution for Fannie and Freddie Dilemma It's been a rough year for Fannie Mae and Freddie Mac. Share values have dropped more 90 percent, investors have lost more than $100 billion, and both companies were rescued by the federal government earlier this month, placed in a government conservatorship run by the newly created Federal Housing Finance Agency. VIEW FULL STORY  Option ARM Borrowers Running Out Of Time Step right up folks. You say you want to buy a home but have no money. You say monthly payments are unaffordable but you want to buy anyway. Well don't worry about a thing. You've got a friend in the business. Let me introduce you to the option ARM, an affordability mortgage product that can get you into the home of your dreams.... VIEW FULL STORY Can We Save $700 Billion Fixing The Mortgage Mess? That's the question which has suddenly emerged in the past few days, with the Bush administration asking for the right to spend such money with virtually no oversight, and the Congress worrying that delay could cause the financial markets to swoon. VIEW FULL STORY MORE ARTICLES |
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