Financing Real Estate
by Rob K. Blake
| July 13, 2008
By all accounts it seems the banking lobby will get everything they’ve been ask for from Congress over the past decade and in do so may legislate mortgage brokers out of existence.
A little history lesson is in order to understand all the political and media spin designed to sway their and public opinion away from [...]
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Credit
by Joshua Dorkin
| July 11, 2008
INDYMAC IS OFFICALLY CLOSED!!!
In the past minutes newswires around the country and world are now reporting that the Federal Government has shut down IndyMac Bank and has handed it to the FDIC (Federal Deposit Insurance Corp.) as conservator.
Couple the shut down with the Fannie Mae/Freddie Mac troubles, and we’re in for some really rocky waters [...]
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Fed Research Sheds Light On Reluctance Of Subprime Lenders To Modify Loans
by Rob K. Blake | January 17, 2009I came across a research paper published by the Boston Federal Reserve Bank where the researchers looked into among other things a mathematical formula that demonstrates subprime lender have little financial motivation to modify mortgages facing default.
This research I thought was interesting because I am caught between wanting the government or the lenders to “help” [...]