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Blog entries tagged with "meltdown":
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An Encounter with Mr. Doomsday
Today as I was checking my email, I saw several notices that gave me a little chill. 
I know I’m a little late to the game, here, but I’ve been meaning to write a post about a great article in the New York Times for a while now. It’s from March 19, but it’s so good I’m going to write about it here anyway.
Sometimes you just need a little laugh. I was forwarded a link to this video that is very funny & unfortunatly true. Except for the references to an "unemployed black man." I think if you were to look at the stats you would find the subprime meltdown knew no ethnic lines. … (4 comments)
How Many Affected by The Market?
Whether or not each of us has been affected by the housing slump, it is affecting our financial markets and causing gloom among consumers, who feel less wealthy. The first quarter of this year saw a lot of ‘shoes dropping’ (Bear Stearns’ closure being just … (4 comments)
I'm new to Active Rain, but I'm surprised that no one mentions all the negative media hammering on real estate. Anyone who reads runs into articles punctured with words like 'meltdown,' 'deflated,' 'collapse,' referring to either the mortgage or real estate market. It's also an election year, so panic headlines add … (7 comments)
Republican, Democrat, Libertarian or Independent. It doesn't matter right now. We're all united as Fed Watchers, and today will be no exception. 
Treasury Secretary Henry Paulson recently "blamed the current credit crisis on several factions in the market, including loan brokers, rating agencies, Wall Street securitizers, and even regulators. " (National Mortgage News 3/14/08). It appears to me that the secretary missed one of the biggest "blamees" in this situation - the mortgagee. … (0 comments)
Subprime mortgages have now been credited for bankrupting well over 110 lenders and seriously damaging operations at many major mortgage firms. They've reportedly wiped out 5 hedge funds, tens of thousands of jobs, and have led to millions of foreclosures with millions more on the way. And, as if that weren't … (0 comments)
Everyone is talking about what the Feds will do tomorrow. Will they lower or raise the Feds Fund Rate? A lot of people actually believe that the Feds will lower the feds fund rate, but they disagree on whether it will be .25% or .50%. For a discussion on that, feel … (1 comments)
We've all said in the recent months that the Sub-Prime meltdown has caused ripple affects that go beyond just the foreclosure market and home sales. My landscaper is hurting for business, my flooring and painter is in the same boat. Cities and Counties are losing out on property taxes causing reductions in … (2 comments)
Bank Of America Buys Countrywide In $4B Deal
Is it true? For months how the media has been talking about how bad the economy is, and now I heard on the radio this morning it is gonna get worse! Yes, "Oh the economy was good, yesterday, but it looks like it's going to be so bad tomorrow. 
Any one out there have other source's of income? What are your thoughts on other sources of income dooes anyone fell that it would hinder their current career? I have been looking for other ways to off set the issue I am having in the mortgage industry I think I have … (3 comments)
According to the media, according to numerous blogs and internet posts a recession is just around the corner. But as history show's us, is a recession really going to hit in 2007-2008. This recent article I found may make you rethink that we're heading into a recession...atleast within the next few … (0 comments)
Special 4th Encore PresentationMortgage Market MeltdownWhat does it mean to You, and how can you turn crisis into opportunity?
After all of the recent huffing, puffing, and hyperbole regarding the mortgage industry, it's nice to see a media outlet as respected as the Washington Post carrying an article such as this:
These days, I see all kinds of finger-pointing. Most even make good points, and lots of people agree, sometimes people disagree. You have predatory lenders. You have predatory brokers. You have predatory banks. You have Realtors that contribute to the problems. You have the borrower themselves that have caused part of … (3 comments)
Be a Flipper, not a Flopper
Read any good newspapers or periodicals regarding the credit meltdown. and subprime mortgage woes?
Team;
I am a mortage banker NOT a realtor so I can not validate this comment. I hope that some of you can. I was watching CNN yesterday and they were talking about the "mortgage meltdown" and how now Jumbo and subprime loans are rare (FYI I can offer both down to … (9 comments)
I read and hear stories regarding the housing meltdown every time I turn on my computer or T.V.. I live in a up and coming neighborhood in Houston and it seems that my city is further from what they are broadcasting in the media. It seems that builders can't work fast enough to … (0 comments)
I read all the broker bashing going on . . . how lenders and greedy brokers encouraged borrowers to buy houses they couldn't afford and sign up for payments they couldn't make and about the bailout programs states are putting in place to keep people in their homes and I think … (6 comments)
While I am sure that everybody is tired of hearing about the sub-prime meltdown. It looks like this is now spreading over to the Alt-A lenders as well. Since June 1st of this year, 13 Alt-A lenders from wholesale to retail have closed their doors. In total over 100 lenders have … (0 comments)
Where did all the money come from that fueled the sub-prime lenders? 
This news hit yesterday in the Associated Press: