We are all suffering through the subprime lending crisis
First, it was homeowners asking their banks to forgive part of their loans. Now, it’s people with credit card debt: Q: I have $40,000 that I’ve withdrawn from a home equity line of credit to start paying down $90,000 in credit card debt. A friend in a...Tell us something we don’t know
You know, one thing I’d like to find out is, of all these loans going into foreclosure, how many are people’s primary residences, and how many are investment properties? Yes, to a certain extent, it doesn’t matter. But, when you hear day after day...Pretty graphics: NY Times explains the subprime lending crisis
The Times put together a couple of pretty graphics showing how home loans are made and then resold on the secondary market. I’m not sure it’s a subject that needs pretty graphics – it’s a simple concept, really – but maybe it will...Freddie Mac and Fannie Mae face enormous problems due to loans at risk
This is not very good news! Fannie Mae and Freddie Mac, whose shift into the risky mortgage market has been driven by the government’s affordable housing mandates, is faced with millions “maybe billions” in problem loans. The Office of Federal...The Governor’s $250 million handout
Well, guess what, it’s not a handout. Everyone was up in arms this week over the Governor’s plan to help homeowners facing foreclosure. Here is the proposal: Governor Unveils $250M Foreclosure Fund Earlier this month, Massachusetts Governor Deval Patrick...Condo Listings by Neighborhood
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