subprime mortgages

Consumers Worried; Home Prices Down; Trillions in Losses; Any Good News? Well…

by Charles Feldman | March 26, 2008

How about some good news for a change about real estate, mortgages, credit, jobs, consumer confidence, Wall Street stability, the future of civilization as we know it? Sorry, not gonna get it here. Evidence is evidence and though some may like to engage in wishful thinking, the evidence is not good at all. Goldman Sachs [...]

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Commentary

It’s The Principal, Stupid! Fed Chair Bernanke Wants Lenders To Slash Their Loans

by Charles Feldman | March 5, 2008

Want to know just how bad the mortgage / housing / credit / banking / securities / oil / crisis has become? Okay. When was the last time you heard a high ranking government official actually call for lenders to slash the amount of their loans…NOT the interest, the principal! That is exactly what Federal [...]

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Credit

Mortgage Fiasco Credit Crunch Spreads To Best Borrowers

by Charles Feldman | February 6, 2008

Once upon a time, having sterling [tag]credit[/tag] meant that banks and other lenders valued your business. No more. The [tag]subprime mortgage[/tag] mess is now impacting even those who spent years building up their credit record, because banks are running scared. A just released Federal Reserve study shows that: “About 55 percent of domestic respondents indicated [...]

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Mortgages & Lending

Home Prices Plunge. Steepest Decline Since WWII !

by Charles Feldman | December 28, 2007

The sky might not be falling, but home prices certainly are and in more parts of the nation than ever before. From October of 2006, home prices fell a whopping 6.1 percent. Most troubling, the declines happened in 20 of the largest metropolitan areas, and in many of those, the declines were much steeper. In [...]

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