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A creatively written fairy tale of the mortgage mess
Interesting Blog post which pulls together articles detailing how "housing experts" missed the crash. I remember in 2005 how the National Association of Realtors lead economist David Lereah was...
A Blogger calling himself Captain Capitalism has put together a short cartoon that explains the mortgage mess. From what I can tell he's an economics professor at a university in Minnesota.
From NY Times article: "Not since the Depression has a larger share of Americans owed more on their homes than they are worth. With the collapse of the housing boom, nearly 8.8 million...
BusinessWeek has a good article about the problems that HOme Equities are reaking and will continue to create for banks. Helocs are generally unsecured and when homeowners default, banks get...
Just a year ago if you didn't own a home you were out of the game. My what a difference a year makes. Now, if you own a home you're pretty much stuck. You have to find a buyer, a mortgage, etc.
Boston's Federal Reserve President Eric Rosengren said in a speech in Hartford that the current real estate downturn could be the longest one in the last 50 years, and risk pushing the country into...
The recent spike in home foreclosures in Massachusetts is caused primarily by falling housing prices, and not by rising mortgage payments, according to research released yesterday by the Federal...
The WSJ is reporting this morning that the Feds and several large mortgage lenders are close to an agreement that will freeze the introductory rate on certain types of subprime loans. I've long...
Century 21 CEO discusses the real estate market and of course he's not that gloomy. It's his job to keep the houses selling. He lists four factors that are key to homesales and points out that...
Freddie Mac cut its quarterly dividend in half Tuesday and announced plans to sell $6 billion in preferred stock to bolster its finances in anticipation of more losses. Freddie Mac, chartered by...
The experts never said that housing prices would come down. Now listen to what they are saying. This time I fear they are correct. There will be more real estate pain ahead before things get...
The bad news continues for housing. If you need buy you might want to wait. Prices are still coming down and probably will be for quite some time.
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BestCashCow provides rates and information on a wide range of financial products - savings accounts, CDs, credit cards, and more. - as well as financial information gathered from across the Web.
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Type
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Rate
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Institution
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4.01%
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Everbank
|
|
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2.57%
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Dreyfus
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~4.00- 12.00%
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Various brokerages
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|
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3.35%
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GMAC Bank
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4.00%
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IndyMac
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4.25%
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IndyMac
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4.50%
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Wachovia Bank
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5.00%
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Wachovia Bank
|
|
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4.84%
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US Treasury
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|
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4.00%
|
Federal Home Loan Bank (state and local tax exempt)
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|
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3.32%
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Northrop Grumman FCU
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|
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3.90%
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Alliant CU
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|
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4.08%
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Self-Help CU
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|
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4.44%
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Self-Help CU
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|
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2.00%
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Various brokerages
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|
|
2.28%
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Various brokerages
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|
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3.04%
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Various brokerages
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|
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3.68%
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Various brokerages
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|
|
4.21%
|
Various brokerages
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See more product and rate information
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