Archive for July, 2008

How Can Your Credit History Effect Your Mortgage
How Can Your Credit History Effect Your Mortgage Posted by Categories: Finance In the past few years, a problem remortgage has become commonplace in the UK as people try to refinance their homes and better their financial situation even though they have - and sometimes because they have - a less than perfect credit history and credit score. The terms adverse credit and bad credit are interchangeable. They both refer to someone whose credit history is not perfect. Bad credit can occur for

Want To Know The Future?
Want To Know The Future? July 21st, 2008 This is a 25-page Word document, a contribution from a long-term reader and contributor. It’s a long read, something that’s been put together carefully over time, and if you’re up to reading it through it will prove a genuine revelation. This is the stuff you will never hear on CNN or even Fox. According to the Peak Oil theory, after a reservoir has been depleted by half of its total volume, the output begins to plateau or remain constant for some unk

MortgageNewsClips: Richard Bitner in NYC, Rumors, GSEs - What’s Next, Jamie Dimon, Zach on GSEs, Mark Perry, Stopgap, MGIC, Yaron Brook on CRA, 2007 Vintage, Short Sales, John Mauldin
Richard Bitner (past contributor to this blog) has been on a media tour in NYC promoting his book - “Confessions of a Subprime Lender - Richard Bitner Video Clip on CNN RICHARD WILL BE ON JON STEWART’S DAILY SHOW SHOW TONIGHT (MONDAY) NIGHT ———— Goldman accused of spreading rumours about rivals - Stephen Foley in New York - Goldman Sachs, the most powerful investment bank on Wall Street, has found itself at the centre of a storm over the events that led to the collapse of Bear

WaMu Shows Paulson Mortgage Rescue Plan Is Perilous
By Shelley Smith and John Glover July 22 (Bloomberg) — Treasury Secretary Henry Paulson’s plan to revive U.S. mortgage financing depends on investors buying the same kind of bonds they’re shunning in Europe. Paulson wants to create a version of Europe’s market for covered bonds in the U.S. just as sales of the debt have fallen to a six-month low and prices have dropped 2.5 percent this year. While the securities are backed by loans and bank assets to get AAA ratings, most are valued, on ave

Crystal Ball Gazing: Visualize the Dow at 6,000 By Mike Whitney
Dandelion Salad By Mike Whitney 07/24/08 “ICH” Last Wednesday, at an improvised press conference, George Bush gave what may have been the most comical performance of his eight year presidency. Looking like the skipper on the flight-deck of the Hindenburg, Bush tried his best to reassure the public that “all’s well” with the economy and that everyone’s deposits were perfectly safe in the rapidly disintegrating US banking system. Leaning lazily on the presidential podium, Bush shrugged his sh

1-in-10 Could be Over-Insuring Their Homes, says Confused.com (PRWeb via Yahoo! News)
Around 10 percent of UK homeowners could be paying too much for their home insurance, according to a recent study by leading insurance comparison site Confused.com.

Want To Know The Future?
Want To Know The Future? July 21st, 2008 This is a 25-page Word document, a contribution from a long-term reader and contributor. It’s a long read, something that’s been put together carefully over time, and if you’re up to reading it through it will prove a genuine revelation. This is the stuff you will never hear on CNN or even Fox. According to the Peak Oil theory, after a reservoir has been depleted by half of its total volume, the output begins to plateau or remain constant for some unk