ARCHIVED BLOG POSTS
The wheel driving lending in 2004 and 2005 was the Federal Reserve. The Federal Reserve has the responsibility to regulate lending practices under two mortgage lending laws, one enacted in 1994 and the other passed more than 30 years ago. The Feds have now awakened and along with banking regula...
Banks are crying all over the globe because of the losses they are experiencing with mortgage delinquencies and defaults. All the major banks had monetary interest in sub prime loans and are now crying rivers of tears. Do we feel their loss? We shouldn't. Banks made historic profits in 2004 ...
The Global Economies are whistling right along according to today's Wall Street Journal. Did you know the U.S., Europe and Japan make up 70% of the world's economies? All the rest, including China and India, are included in the 30%.Even with the global housing slump, and yes, it is global, Europ...