Credit
by Charles Feldman
| February 6, 2008
Once upon a time, having sterling credit meant that banks and other lenders valued your business.
No more.
The subprime mortgage 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 that they [...]
Read the full article →
Mortgages & Lending
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 Miami, Florida, [...]
Read the full article →
Joshua Dorkin
Charles Feldman
Ted Karsch.
It’s The Principal, Stupid! Fed Chair Bernanke Wants Lenders To Slash Their Loans
by Charles Feldman | March 5, 2008Want 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 Reserve [...]