mortgage meltdown

They saw it coming…

by Rob Powell | October 6, 2008

Greetings from the metropolis of Cedar Crest, NM. My ten year old son, Colt, loves football. Colt’s football season came to an end this past weekend and he was devastated. In an effort to pick up his spirits, I promised him that we would practice basketball this coming Monday. My words of basketball did not [...]

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Housing

The Transformation of Stated Income Loans

by Troy Schuricht | March 6, 2008

Stated income loans have been a touchy subject for many regulators trying to blame some one for the mortgage meltdown. Some individuals go as far a calling these loans “liar loans” because in a number of instance the income was inflated. Right or wrong there is a need for stated income loan. Self-employed individuals see [...]

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Economy

U.S. Economy Melting Like Oz Witch

by Charles Feldman | October 25, 2007

“I’m melting,” said the Wicked Witch after being doused with water in the land of Oz. Well folks, looks like the economy is melting having been doused with a hefty dose of reality. A new report today by the Joint Economic Committee of Congress, says the New York Times, is predicting some two MILLION foreclosures [...]

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