Dean Baker has the latest on the economy in the meltdown lowdown: A new bill sponsored by Rep. Barney Frank, chairman of the House Financial Services Committee, directs...
mortgages
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THE MELTDOWN LOWDOWN.
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Reached At His Tanning Bed, Angelo Mozilo Said He Just Wanted To Know "How That Broad Got Her Hands On My Mission Statement?"
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Rejecting the arguments of Countrywide executives and directors that they were unaware of lax loan operations that led to ballooning defaults, Judge Mariana R. Pfaelzer...
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Determine Whether Your Loan Officer Is Reputable
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Today’s Wiki Wednesday Feature: Determine Whether Your Loan Officer is Reputable Once you actually find a home to buy, the last thing you have time and energy to vet...
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Progressives and the Housing Bailout
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I have written at length about why the proposed housing bailouts in their current form are bad housing policy. The basic point is that they would have the government...
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Lenders, We Are Listening
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Since launching Zillow Mortgage Marketplace a little over a month ago, we’ve received all sorts of recommendations and feedback from our users. We have been busy...
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Alice in Housing Land
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Lewis Carroll, call your office. Or, better still, the author of "Alice's Adventures in Wonderland" should call Washington, where the government's determination to solve...
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Last week the best radio show ever, This ... [Mortgage Meltdown]
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Last week the best radio show ever, This American Life, tackled the housing and credit crisis by talking to some of the real people involved with packaging junk no-proof...
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House Hunting Pet Hates - Price on Application
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I'm still trawling property listings sites on a semi-daily basis and I've now got alerts setup with Daft.ieOf course buying a house involves some basic economics. You...
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Mortgage meltdown isn't just for people with ... [Subrpime Meltdown]
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Mortgage meltdown isn't just for people with bad credit, 2.3% of prime loans were 60 days past due in February, up from 1.4% a year ago and the highest in a decade....
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New Mortgage Calculators and Tools
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As you may have noticed, we recently made some additions to Zillow Mortgage Marketplace that help borrowers learn about their individual mortgage needs and the state of...
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Investment vehicle Golden Key for sale
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Barbara Buchanan, Accountancy Age, Wednesday 14 May 2008 at 10:34:00 Special investment vehicle of US mortgages is put up for sale by receivers Stricken investment...
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Defying Bush, House Passes Broad Housing Bill
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David Stout reports for The New York Times: "House Democrats defied a veto threat from President Bush on Thursday as they approved a broad housing bill that would provide...
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People lose their houses and move all their ... [Real Estate]
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People lose their houses and move all their stuff into self-storage, where the first month is often free. Then it turns out they can't pay their self-storage bills any...
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45,192 people think Sally should not have to bail out Bob
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As of 9AM this morning, 45,192 people have signed the online petition at AngryRenter.com calling for Congress to not pass any bailout programs that reward risky borrowing...
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Your Big Money Idea Of The Day
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There's mucho dinero to be made in this mortgage meltdown situation, but instead of jumping in your time machine, traveling back to last summer and shorting subprime, why...
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Advice
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Obviously all the homeowners who read DealBreaker bought their pads in cash, but for the one or two of you with mortgages, listen up: make those payments. And we don't...
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Mortgage Help is on the Way…
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For those of you who haven’t already heard the news, today Freddie Mac reached an agreement with Wells Fargo, Citibank, Washington Mutual and JPMorgan Chase to...
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Foreclosure Crisis Hits the Hamptons Like a Publicist's SUV
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Looks like there’s going to be a little more elbow room while applying that SPF 1,000 sunscreen on the beach this year. The foreclosure epidemic that's been...
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Apparently, buying a house you can afford ... [Solvent People]
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Apparently, buying a house you can afford and fixing it up with a modest loan and money that you earned through gainful employment is rare enough to warrant a 3-page...
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Government Intensifies Mortgage Investigation
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Federal agencies are intensifying a criminal investigation of the mortgage industry and focusing on whether some lenders turned a blind eye to inflated income figures...