Monday, May 19th, 2008
Today HUD (The Department for Housing and Urban Development) announced that they have helped
200,000 troubled homeowners from losing their homes. FHASecure, a program that was recently enhanced by the Bush administration allows consumers with good credit standings to refinance their
ARM (adjustable rate mortgage) into a safer FHA insured ...
Posted in Market Commentary | No Comments »
Wednesday, November 28th, 2007
Up until now Wells Fargo has dodged a bullet with the sub-prime credit crisis. But their luck finally ran out, as it has for everyone who dipped into that pool of "less than perfect credit" loans. The bank has been hit hard, in particular, by the California market, ...
Posted in Stock Highlight | No Comments »
Friday, August 31st, 2007
Comments from President George W. Bush and Fed Chairman Ben Bernanke put a thin smile on the faces of beleaguered investors, who are looking for any sign that the current economic woes which are largely the result of the subprime mortgage crisis, will soon be a thing of the past. ...
Posted in Market Commentary | No Comments »
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