December 17, 2007
Last week, after the Federal Reserve announced it would cut the fed funds target rate and discount rates by 25 basis points each, equity prices plunged, with the Standard & Poors dropping 2.5% on the day. Investors and many analysts, …
December 10, 2007
No one likes to hear about people losing their homes in foreclosure, but industry analysts predict that real estate markets across the country will see a rash of home foreclosures through 2008 and into 2009. Many homeowners with sub-prime adjustable-rate mortgages …
December 7, 2007
After a rally on Wall Street, pretty good news on the job front, and the announcement by the Bush administration that the HOPE NOW coalition of mortgage lenders will freeze interest rates for some homeowners with subprime adjustable-rate mortgages, it …
December 4, 2007
On Friday, the Wall Street Journal reported that the Bush administration is working with some of the big mortgage lenders on a plan to reduce foreclosures and loan defaults by freezing interest rates on subprime adjustable-rate mortgages (ARMs). Treasury Secretary Henry Paulson and …
