MBIA Inc, the world’s largest bond insurer, announced today that it had guaranteed 8.1 billion dollars of the riskiest mortgage securities
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Federal Reserve Chairman Ben Bernanke informed congress today that the credit crisis has caused “significant market stress”. He offered new assurance that regulators would take steps to curb fallout related to the mortgage mess.
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Whether you’re a seller, owner or buyer, by this point you’ve got to be feeling rattled. The bad news about the housing market is never ending.
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The percentage of U.S. mortgages entering the foreclosure process set an all-time record in the second quarter of 2007, even before a late-summer meltdown.
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Across the nation, housing market insiders can agree on one thing: the subprime mortgage crisis is not going away. Here’s what a trio of experts had to say about it:
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Margie Fisher is branch management loan officer for Republic Mortgage Home Loans and owner of B4Closure of Tyler, Texas.
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Storm clouds will persist over the subprime, or bad credit mortgage market, according to a report released today from Aite Group LLC.
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Just three years ago, Martin and Jennifer Cossette took out a Connecticut mortgage and officially bought into the quintessential American dream of home ownership.
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According to the Wall Street Journal, George Bernard Shaw once announced that “love consists in overestimating the difference between one woman and another.”
A similar principle can also apply to financial decisions, and it may provide some insight into the current bad credit mortgage meltdown.
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You are probably well aware that a poor credit score costs you money.
You are probably not aware how much money it add up to over time.
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