To end the recession quickly there are four objectives that must be met.
1. More money must be created in the private sector to increase demand.
2. A majority of people in the economy must receive this money.
3. People’s monthly outlays must not increase.
4. The Federal Government’s deficit must not increase. It must be reduced.
Increasing taxes or decreasing taxes does not meet these objectives. Increasing Read More »
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People are losing their homes and many more will lose their jobs before the mortgage meltdown works its way through the system.
To paraphrase Alan Greenspan’s remarks on March 17th, 2008, “The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War. The crisis will leave many casualties.”
How many casualties? Read More »
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NJ mortgage company president guilty in $139M scam - Yahoo! News
NEWARK, N.J. – The former president of a New Jersey mortgage company has pleaded guilty in a $139 million fraud scheme that bankrupted his firm.
Michael J. McGrath Jr. pleaded guilty Thursday to federal charges of mail and wire fraud and money laundering. He faces 12 1/2 to 20 years in prison when Read More »
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When buying a new home one of the most important decisions to make is the kind of home loan to be chosen. With variety of loans available today, it could be quite confusing to zero down on a particular one. To help you choose a home loan, here’s some information on the types of home mortgage loans.
Have you decided to buy a new home but don’t know which home loan Read More »
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Hey everyone, I decided it would be a great idea to post up the latest news from Google so here it is…
Penetrating the Maze of Mortgage Relief
By VIVIAN S. TOY SINCE President Obama unveiled a mortgage modification program in March to help people who are at risk of losing their homes, … Read More…
Alex Blumberg of NPR translates the mortgage crisis
For many of us, it's one of the few Read More »
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If you should find yourself unable to work and lose your income then finding the money needed each month to continue making your mortgage repayments could be a struggle. In the worst case scenario the situation could lead to you getting behind on your loan and ultimately losing the roof over your head. Mortgage payment insurance can protect your home from repossession, providing you ensure that the Read More »
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Jumbo mortgage loans are making a comeback. The considerable disparity in mortgage rates between jumbo and conforming mortgages is rapidly diminishing as mortgage lenders are freeing up more capital by making more conforming mortgage loans salable to both Fannie Mae and Freddie Mac. In addition, because investors are being particularly cautious with their money Read More »
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Hey everyone, I decided it would be a great idea to post up the latest news from Google so here it is…
Mortgage Insurers to the Rescue?
By Aleksandra Todorova | Smart Money Homeowners in trouble may find help from an unlikely source: their private mortgage insurance company. … Read More…
Bond Investors Gear Up To Invest In Distressed Home Loans
The momentum has been rising, with a number Read More »
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I’ve had some time to do some reading lately and I’ve managed to come across a few really interesting posts that I thought I’d let everyone know about. Check em out and let me know your thoughts on some of the topics they talked about within -
Mortgage online Blog Archive Buyers face mortgage rate hike …
Buyers face mortgage rate hike | vote tags: Tracking the Vote. Homebuyers are facing their Read More »
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Hey everyone, I decided it would be a great idea to post up the latest news from Google so here it is…
WASHINGTON — Home-mortgage rates took another leap this week, bringing the average rate on a 30-year fixed-rate mortgage to its highest in seven months, … Read More…
US 30-year mortgage rate held steady on Friday-Zillow
By Julie Haviv NEW YORK, June 12 (Reuters) Read More »
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