Subprime Lending Crisis Archives ⋆ Page 7 Of 13 ⋆ Boston Condos For Sale Ford Realty

Higher interest rates cause rioting in the streets

The Globe has a story out today about people facing higher home loan payments over the coming 18-months due to resetting adjustable-rate mortgage loans. – click on image for full-sized photo “I don’t know how I’m going to survive,” said...

Helping those in need get a loan … again

Boston real estate foreclosures, mortgage loans, subprime lending crisis

Holden Lewis of Bankrate’s Mortgage Matters lets loose this week on Congress’s plan to “improve” the Federal Housing Administration. He’s not happy. This week, the House passed H.R. 1852, known colloquially as “FHA...

Bernanke to Congress: butt out

subprime lending crisis

Not really that severe, but sort of. Federal Reserve Chair Ben Bernanke asked Congress Thursday to limit its response to the mortgage crisis, saying that federal agencies are handling it. “We are responding to the subprime problems on a number of fronts,”...

Most people understood their loans

subprime lending crisis

The Globe ran a “real estate chat”, yesterday, with Kimberly Blanton, their primary real estate reporter. Fun, interesting, and educational chat. I was surprised, however, by the following comment by Ms Blanton: One of the primary reasons for the subprime...

What’s driving the rise in loan delinquencies?

subprime lending crisis

From the National Mortgage News website: We got the chance to conduct a brief interview with Countrywide Home Loans chief Angelo Mozilo on Thursday. He seemed a bit perplexed about why the media was going ga-ga (late this past week) about his company lining up $12...

Government faces tough choice: help who, and why?

subprime lending crisis

So, the federal government can either help many homeowners keep their homes or let the free market reign. If the government steps in, they risk prolonging the inevitable – maybe a lot of the people facing foreclosure now will still end up losing their homes,...