1 day ago

Home loan troubles break records again      Similar

The source of trouble in the mortgage market has shifted from subprime loans made to borrowers with bad credit to homeowners who had solid credit but took out exotic loans with ballooning monthly payments. In this July 2, 2008 file photo, a foreclosed home is seen for sale in Sacramento, Calif. A record 9 percent of American homeowners with a mortgage were either behind on their payments or in foreclosure at the end of June, as damage from the housing crisis continues to mount, the Mortgage Bankers Association said Friday, Sept. 5, 2008. In this Aug. 13, 2008 file photo, a foreclosed home sits...
Feed: SacBee -- Wire Real Estate

3 days ago

Russia and Georgia - An Economic Mistake      Similar

A recent Wall Street Journal article titled “Borrowing Costs Increase Sharply for Russian Firms” lays out the economic toll that Russia will begin to feel from their invasion of Georgia. Per the article: “the Georgian conflict has sparked prohibitively funding costs… conditions have deteriorated significantly for Russian borrowers, as reflected by sovereign and corporate-credit spreads, [...]
Feed: Chicago Boyz

1 day ago

Alabama Payday Lenders Playing it Smart.      Similar

Easy Money, a payday lender with stores in Alabama, recently joined Borrow Smart Alabama – a TV campaign aimed at encouraging borrowers to use loans wisely. The title loan and cash advance industry, under fire for high-interest rates, have smartly recommended regulatory oversight which will help to promote legitimacy. Borrow Smart Alabama is comprised of more than [...]
Feed: Leadpile - The Lead Exchange B...