Home Owner's Aid: Will this become another great American Giveaway. Bernake is asking lenders to REDUCE the principal amount of their loans. It is an awful thing for one to lose their home. But is this the right answer or the easy way out? Let's take it one step further. We're getting a tax from
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03/04/2008
The same people who are responsible for the mortgage debacle! I get sick and tired of hearing that all those borrower swith mediocre credit who fudged their earnings on a stated income loan are the problem!Let me ask you a question: you have a checking account, right? When you put money in you c
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03/03/2008
Fannie Mae (Federal National Mortgage Association (FNMA) January 2008 reports the following:MORTGAGE MARKET HIGHLIGHTS: According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey, the monthly average level of the conventional refinance applications index surgedby 84 perc
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03/02/2008
The Stock Market took another hit yesterday. Investors were "nervous about all the write-offs of financial firms. What does it all mean? When the expert economists and pundits look into OUR FUTURE, what do they see?A lot of trouble.Did you ever know any of these guys to report a silver lining?
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03/01/2008
Would you like to guess what the prime rate was in 1947? GO ahead take a whack at it? It was 1.47%! What do you think it was in 1980. In April of that year it was at 20%! For much of early 1980's it was a real roller coaster And in 1985 monetary policy began to settle down and begin it's way do
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03/01/2008