subprime meltdown: Mortgage "Plan" all smoke and mirrors - 02/19/09 08:07 AM
I Listen yesterday to Mr. Obama's little speech laying our his "plan" for the housing mess and kept
wondering were the little old lady from the Wendy's ads in the 80's "wheres the beef"
After all, HOW are "WE" going to do this? A little while back when the "sub prime"market was imploding we received this wonderful program called "FHA Secure". This program was to help save homeowners just when the mess was starting with the ARMS adjusting all over the place and house payments going up hundreds of dollars in some places. So what happened? The banks didn't … (5 comments)
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subprime meltdown: More Sub Prime MeltDown - 09/15/08 12:03 PM
Edvard Munch and his famous painting have absolutely nothing on our industry and the American public and economy today. But as we watch the carnage on wall street one thing I have noticed and no talking head has mention..... BOTH companies were major players in the ALT A/ Sub Prime market. Lehman Brothers with Aurora Loan Services and Merrill Lynch with First Franklin add to the long list of investment banks dipping their sizable big feet in the mortgage world.
I found the comments interesting from the political candidates this morning right along party lines. One saying that no tax payer … (8 comments)
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