Court Ruling Could Spell Trouble for Mortgage IndustrySource: Reuters
A lawsuit filed by a Wisconsin couple against their mortgage lender could have major implications for banks should a U.S. appeals court agree that borrowers can cancel their loans en masse when their lenders violate a federal lending disclosure law.
Wachovia, WaMu still in big troubleSource: MSN
Those ill-fated twins of the subprime-mortgage calamity, Washington Mutual and Wachovia, are getting clobbered again, after some dramatic housecleaning at the top.
How Much Home Can You Afford?Source: New Homes Section
This article emphasizes the importance of understanding exactly how much of your income you should allocate towards a new home purchase.
The Education of Ben Bernanke Source: The New York Times
By cutting rates by a total of one point since August, Bernanke has clearly moved toward a policy of stimulus.
Who's most at risk for foreclosure?Source: MSN
There's a flood of foreclosures coming -- about 1.1 million of them, a new study estimates. Here are the borrowers who are most likely to lose their homes.
Personal Responsibility is the Cornerstone of Financial LiteracySource: steve-olson.com
The most obvious failure of our education system is the number of 'educated' people who are financially illiterate and seem to have no concept of personal responsibility.In a day and age where lenders show no restraint for the loans they approve, it's up to the consumers to r …
Real Estate Blog - ARM youself: The Truth About Adjustable Rate MortgagesSource: activerain.com
Throughout the last couple years, adjustable rate mortgages have become a very popular option for American consumers. It has been suggested by some analysts that adjustable rate mortgages currently make up close to a trillion dollars of the country's outstanding mortgage debt.