Archive for November, 2006
The Hidden Cost of Foreclosures
Wednesday, November 29th, 2006The biggest asset held by most of us — the thing that makes us as wealthy as we are — is real estate. According to the Federal Reserve, in the second quarter of 2006 the net worth of our personal real estate, value less mortgages, was $11 trillion —
The Hidden Cost of Foreclosures
Tuesday, November 28th, 2006The biggest asset held by most of us — the thing that makes us as wealthy as we are — is real estate. According to the Federal Reserve, in the second quarter of 2006 the net worth of our personal real estate, value less mortgages, was $11 trillion —
Is It Time To Rein In “Risk-Based” Pricing?
Friday, November 24th, 2006For the past few years getting a real estate loan has been fairly easy. The reason has little to do with interest rates or credit reports; instead investors who provide the cash used for mortgages have been looking at risk versus reward. For them the
Has The Mortgage Market Become More Risky?
Wednesday, November 22nd, 2006Is the mortgage market more risky than it used to be? Does this mean more foreclosures loom ahead? It’s been obvious since they first became popular a few years ago that interest-only and option ARMs represent new and unknown levels of hazard. As the
Has The Mortgage Market Become More Risky?
Tuesday, November 21st, 2006Is the mortgage market more risky than it used to be? Does this mean more foreclosures loom ahead? It’s been obvious since they first became popular a few years ago that interest-only and option ARMs represent new and unknown levels of hazard. As the
Government Issues New Standards For Toxic Loans
Wednesday, November 15th, 2006When it comes to new-fangled loan options, caveat emptor — buyer beware — is no longer enough. The government now says lenders must give equal billing to both the pros and the cons of each loan choice so that borrowers are not surprised by rising mon
