What is going on right now with regard to the Federal government and the credit industry represents possibly the single greatest realignment of the role of government in...
loans
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Fannie and Freddie [Venture Chronicles]
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Perilously funded papers hit the wall
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The most precariously financed newspaper deals apparently are starting to hit the wall, wiping out equity investors and causing at least some lenders to try to sell their...
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Better Example Against Double-Taxation Of 401(k) Loans
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Okay, so I view my last post on 401k loans as a failure. I tried to use as little math as possible in explaining why 401k loans are not a bad idea due to the incorrect...
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Spoilers (Not in my post)
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I'm a very weak person in the respect that I use the internet to spoil any kind of wonder I may have about something. For instance, I knew the whole plot and happening...
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Bush Drops Opposition To Housing Rescue Bill
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President Bush reversed his stance on a congressional plan to help Fannie Mae and Freddie Mac weather the mortgage crisis and to provide struggling homeowners with more...
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Double Taxation and the Real Reasons 401(k) Loans Are Bad
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I have noticed an increasing amount of discussion regarding 401(k) loans. While almost all sources denounce this as a bad idea, I take issue with one of the supposed...
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Thousands of Criminals Originated Loans in Florida
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More than half the 120,563 mortgage professionals registered in Florida entered the industry this decade without being licensed by the state, The Miami Herald found. More...
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OffTheBus Listening Post: Obama Camp Introduces New Spanish-Language Radio Ad - Obama Campaign Press Call 7.23.08 AUDIO
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WHO: Alejandro Miyar and Senior Communications Adviser Fred Balsera WHAT: Campaign press conference call to introduce new Spanish-language radio ad. WHEN: Wednesday,...
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In Tough Car Sales Market ResonseLogix Raises $8M In 1st Round
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A buddy from Detroit says that the car sector is through. We can't disagree with him. Who has less of a clue, the mortgage sector who handed out NINJA loans (No Income,...
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World Bank Still Not Lending With Environment (And Disasters) In Mind: Report
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Back in 1989, when I spent four months scouring the road-laced reaches of the western Amazon researching my first book, The Burning Season, I learned a lot about the...
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What It Takes To Qualify For A Mortgage In A World With Standards [Mortgage Meltdown]
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The party is over. If you want a mortgage you're going to have to be able to afford it. Oh no! Now what are you going to do? Kiplinger's has an article that explains how...
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Grant: Where's the Outrage at Wall Street?
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James Grant: For every dollar of equity capital, a well-financed regional bank holds perhaps $10 in loans or securities. Wall Street's biggest broker-dealers could hardly...
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My Adventures in Real Estate
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So I’ve decided to take a stab at real estate investing. I found a duplex for sale in Los Angeles. The property is a short sale. The owner bought it in November...
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Finns struggling with SMS loans
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Bloomberg writes that SMS-loans account for 20 percent of problem debts in Finland. Accoridng to the Finnish statistics bureau, Finns have taken about 270,000 SMS loans...
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The Business Channel Gets Ready for The Great Blog Off
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In 2008, the summer solstice will occur at 23:59 UT on Friday, June 20. It is the first time since 1975 that it hasn’t occurred on June 21. To celebrate, b5media is...
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Another Day Older and Deeper in Debt
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The big increase in consumer debt is driven by a major shift in the way lenders approach their business. Being repaid by borrowers was once crucial to lenders, but now...
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The damage is already done
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The headlines in the papers make it seems as if the sky is falling. It isn't. The sky fell from ~2000-2008 when homeprices shot up 300% in the US, making them...
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Son of Countrywide
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Call it the Indymac massacre. It’s the second largest bank failure in US history. Many of the unfortunate souls who put their hard-earned dough in Indymac’s...
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CustomizeGoogle and Kiva.org
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The donations to CustomizeGoogle has become loans to several businesses in the developing world using a website called Kiva.org.You can go to Kiva's website and lend to...
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Life assurance loans may catch you out
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In light of the cautionary statement issued by Judge Brian Galgut, the Ombudsman for Long-term Insurance, about the dangers of borrowing against a life assurance...