Add To Watchlist

SUBPRIME-MORTGAGE

The Vine
New Study reveal Women get Worse Mortgage Rates than Men
Source: addMoreJuice.com

Women aren’t getting the best mortgage rate when getting a loan compared to men, but it’s not because of gender discrimination.

Beau Biden, Delaware Attorney General, Sues Big Banks' Mortgage Registry
Source: The Huffington Post

Delaware Attorney General Beau Biden (Democrat) is suing a national mortgage registry charging it with engaging in deceptive trade practices that prevent homeowners from effectively fighting off foreclosure. Beau Biden and NY Attorney General Eric Schneiderman (Democrat) are two …

Barack Kissinger Obama
Source: The New York Times

Who would have predicted it? Barack Obama has turned out to be so much more adept at implementing George W. Bush’s foreign policy than Bush was, but he is less adept at implementing his own.

Obama's Fatal Addiction -- "Obama seems fatally addicted to the notion that the heavy hitters who got us into this mess are the very folks to be trusted to get us out of it."
Source: Truthdig

If it had been revealed that Jeffrey Immelt once hired an undocumented nanny, or defaulted on his mortgage, he would be forced to resign as head of President Barack Obama's "Council on Jobs and Competitiveness." But the fact that General Electric, where Immelt is CEO, didn …

Ten Things You Need to Know to Live on the Streets
Source: The Nation

For millions of Americans, the housing crisis began well before last year's front-page collapse.

Standard & Poors, Moody's, and Credit Rating Agencies contribution to the financial fiasco
Source: NPR

This book is the story of my journey through the gluttony and dysfunctionality of 1990s Wall Street. But it also is a story about the roots of the 2008 market crisis.

NAACP: Bank Giants Steered Blacks To Bad Loans
Source: Yahoo! News

The NAACP is accusing Wells Fargo and HSBC of forcing blacks into subprime mortgages while whites with identical qualifications got lower rates.

The Chinese are coming, to buy bargain US homes
Source: The San Francisco Chronicle

Beijing lawyer Ying Guohua is heading to the United States on a shopping trip, looking not for designer clothes or jewelry, but for a $1 million home in New York City or Los Angeles. Images Vincent Mo, Chairman of SouFun Holdings Ltd., speaks to j...Richard Dai, CEO of SouFun H …

Gimme, gimme, gimme: More scenes from the anti-Obama entitlement backlash
Source: Michelle Malkin

From the article: "So, a CNBC host is calling for a new "tea party" to protest Barack Obama's out-of-control spendulus/entitlement culture? We've been doing it all week. Seattle, Denver, Mesa. Kansas this weekend. And more outbreaks to come."

Nationalize the Banks! We're all Swedes Now
Source: The Washington Post

The U.S. banking system is close to being insolvent, and unless we want to become like Japan in the 1990s -- or the United States in the 1930s -- the only way to save it is nationalization.

We Found the W.M.D. - NYTimes.com
Source: The New York Times

This week's op-ed piece by Thomas Friedman. To say he thinks the economy is going to get worse before it gets better is something of an understatement.

The Subprime Wolves Are Back
Source: Business Week

Many of the predatory lenders who brought us the subprime mortgage meltdown are back in business using the same despicable tactics to peddle FHA-backed mortgage loans. Another multi-billion dollar disaster waiting to happen.

Do Facts Matter? Or is Obama's rhetoric and the media's spin enough to make facts irrelevant?
Source: National Review Online

Right now, the polls indicate that a whole lot of the people are being fooled a whole lot of the time.

As markets reel, the blame game begins
Source: Politico

After a 500-point drop in the Dow, Treasury Secretary Henry Paulson briefed reporters Monday. Photo: AP Wall Street is now at the mercy of Washington.

(Mis)Understanding a Banking Industry in Transition
Source: Dollars & Sense magazine

Under deregulation the industry became dysfunctional —but economists still won't revise their anti-regulation script. A great article on the banking crisis by one of the top experts in the field.

Buffett Says He Turned Down Investments in Financials
Source: Bloomberg.com

Billionaire Warren Buffett, the chairman of Berkshire Hathaway Inc., said he rebuffed U.S. financial firms that approached him recently about buying stakes in their companies.

Fed Shrugged as Subprime Crisis Spread
Source: The New York Times

WASHINGTON — Until the boom in subprime mortgages turned into a national nightmare this summer, the few people who tried to warn federal banking officials might as well have been talking to themselves.

Bush Announces Mortgage Agreement
Source: The New York Times

Here is the long awaited first official step in the bailout plan. I have written on this before here where you can find some details about why I think this risks destruction of the FHA MMI Fund and ultimately a taxpayer bailout.

Credit losses 'may reach $400bn'
Source: BBC News

Financial companies' losses due to the US sub-prime crisis could be as much as $400bn (£190bn), US investment bank Goldman Sachs has said.

How Merrill Lynch broke down in the subprime mess
Source: CNN

Two things stand out about the credit crisis cascading through Wall Street: It is both totally shocking and utterly predictable.

In Business Las Vegas: Homebuilders slowed but not stalled
Source: inbusinesslasvegas.com

i would have expected the las vegas real estate market to fall hard sooner.

Ponzi Returns - Time and Again

The subprime mortgage calamity in the U.S.

Lay-offs surge 85 pct in Aug vs July
Source: Yahoo! Finance

Planned U.S. lay-offs rocketed in August as the housing slowdown and subprime mortgage debacle led to record job cuts in the financial sector, an independent report showed on Wednesday.

Obama unveils radical mortgage plan
Source: FT.com

Unscrupulous lenders who deceptively sold subprime mortgages to millions of Americans should be fined and the proceeds used to help bail out borrowers facing a wave of foreclosures, according to Barack Obama, the Democratic senator running to be his party's presidential candida …

Are investment banks shutting up shop for summer?
Source: MoneyWeek

It's going to be long, nerve-wracking summer for the banking sector, as buy-out deals run into serious trouble amid the turmoil in the credit markets.

This area needs news. Click here to seed the vine