On a related note, Terry, have you made our loan payment this month?
Has the subprime lending crisis hit Boston? Local lender Prime Financial has closed up their shop, previously located at 603 Tremont Street, in the South End. Their phones have been rerouted, and all branch information deleted from the company’s website. They...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 Now, it’s people with credit card debt: Q: I have $40,000 that I’ve withdrawn from a home equity line of credit to start paying down $90,000 in credit card debt.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...Condo Listings by Neighborhood
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