Confessions of a Subprime Lender: Richard Bitner - 07/15/08 06:19 PM
After reading about Richard Bitner's recent book entitled "Confessions of a Subprime Lender" I faced the possibility that this section of our generation will be known for our economic blunders.  Then the thought occurred to me that we could either be known for our amaziing ability to screw up, or we could be known as the generation who made things right. 
It's easy to understand the draw to the subprime boom back in the early 2000's after reading bits of Mr. Bitner's publication.  After realizing the awful truth about the lending industry - that its boundaries were too looose - Bitner … (0 comments)

Commercial Loans: Behind the Next Hit - 07/15/08 06:07 PM
The article below was TAKEN FROM THE WALL STREET JOURNAL and touches on a subject that I've spent a lot of time considering.  I'm sorry that the story cuts off the way it does - on the website it asks you to join as a member for further information, which you are welcome to do if you choose. By Jennifer S. Forsyth Word Count: 454 So far most of the losses in the housing crisis have been from homeowners defaulting on their mortgages. But there is another wave of pain about to hit.
Developers increasingly are falling behind on loan payments, … (0 comments)

Where is the Peak of Foreclosures and the Trough of our Economy? - 07/10/08 09:38 PM
I still snicker a little bit when I think back to the July 1, 2008 news that boasted the fact that we didn’t “officially hit bear market”.  The National Bureau of Economic Research has a pretty good description of what a recession consists of (read about it here for yourself).  It brings into consideration GDP (for those of you who slept during Economics 101, you can see the definition of GDP here), labor statistics and is defined as “a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, … (0 comments)

Even the Hollywood Celebs Have Mortgage Problems - 07/01/08 10:03 PM
It’s pretty easy to think of how good you might have it if you were a Hollywood star:  The glamor, the fame, the fortunes.  The possibilities seem endless when you ask yourself the question, “What would I do if I were world famous and a millionaire?”  Activities such as these come to mind initially; heli-skiing in Switzerland,  cruising the Caribbean in a 50-footer, and flying to Paris for the weekend.  In my private jet.
The thought of Evander Holyfield missing payments or Ed McMahon becoming concerned about his long  days-on-market leads me to two thoughts:  We’re all human.  Foreclosure could happen … (6 comments)

 
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