Naked Capitalism has a very interesting post up about the consequences of lazy mortgage securitization. A Federal judge has thrown out a mortgage that was challenged during a foreclosure hearing.
Posts Tagged ‘economy’
Saturday October 24th
Obama offers millions in Muslim technology fundThe White House Friday highlighted a new multi-million-dollar technology fund for Muslim nations, following a pledge made by President Barack Obama in his landmark speech to the Islamic world. The White House said the US Overseas Private Investment Corporation (OPIC) had issued a call for proposals for the fund, which will provide financing of between 25 and 150 million dollars for selected projects and funds. The Global Technology and Innovation Fu
Trends Research Institute Founder Predicts That the Worst Is Yet to Come
Trends Research Institute Founder Predicts That the Worst Is Yet to Come by Naresh Vissa Recently by Gerald Celente: The 2nd American Revolution Our society tends to take the Nostradamus-type forecasters with a grain of salt, but Trends Research Institute founder Gerald Celente’s record of predictions is nearly flawless. His accurate forecasts include the
Friday Scoop on Housing Market and Credit Karma News
TGIF and thank goodness mortgage loan rates are still at or below 5%! It’s another good house-hunting weekend, but headlines remind us to be weary of homebuyer hiccups in our uncertain home market. Plus, Credit Karma trends have been all over the blogosphere and news. Here’s today’s scoop: Home & Mortgage MarketWatch reports on mountains of modifications .
California Governor Arnold Schwarzenegger Takes Aim Predatory Lending
Image via Wikipedia California is ready to enact tough laws aimed at restricting predatory lending practices. While over-reaching consumers certainly deserve some of the blame for the foreclosure crisis, some of the things mortgage lenders and brokers did in order to close deals were not above board
Market Movers That Aren’t Housing
Wall Street Strategies submits: The market is fixated on the less than desirable housing-related reports out Tuesday morning.
What has bankers’ bonuses to do with anything?
Why are we bothered about bankers bonuses? Why are bankers bonuses being blamed for the state of the economy?I may be wrong but from what I have seen the reason we are in the mess we are is that the banks developed this strange form of ‘pyramid scheme’, where at the bottom everyone who wanted a mortgage could have one, many without evidence to prove they could afford one.
Loan Modifications: Why Is Citigroup Optimistic About Future Loan Delinquencies
Loan modifications seem like a pretty simple concept.