Posted on November 25th, 2008 by moneyvsdebt
The Federal Reserve and Treasury Department on Tuesday unveiled a plan to pump $800 billion into the struggling U.S. economy in an attempt to jumpstart lending by banks to consumers and small businesses.
The government hopes that these initiatives will enable more money to flow to consumers in the form of loans than has occurred so [...]
Filed under: Ben Bernanke, Credit Card, Finance, Financial News, Investing, Mortgage Information, Real Estate, Real Estate Investing, federal reserve, housing crisis | No Comments »
Posted on October 31st, 2008 by moneyvsdebt
First American CoreLogic, a data supplier, says that in the July-September period, 18% of all properties with a mortgage were underwater—that is, worth less than the outstanding debt.
The company’s data includes over 80% of all mortgages.
Here are some points from the press release:
• Over 7.5 million mortgages or 18% of all properties with a [...]
Filed under: Finance, Financial News, Mortgage Information, Real Estate, Real Estate Charts and Graphs | No Comments »
Posted on October 31st, 2008 by moneyvsdebt
JPMorgan Chase & Co., the largest U.S. bank by market value, said it won’t begin new foreclosure proceedings on some loans while it finds ways to make payments easier on $110 billion of problem mortgages.
Within the next 90 days, the bank, which two weeks ago accepted a $25 billion cash infusion from the [...]
Filed under: Easy Money, Finance, Financial News, Investing, Mortgage Information, Real Estate, Will Make you Smile, federal reserve, housing crisis | 1 Comment »
Posted on October 29th, 2008 by moneyvsdebt
Yahoo housing prices dropped again! I understand if you purchased to much home or you’re in over your head it might suck for you. However, you can’t feel to bad because the stupid Fed and this retarded bail-out plan are going to help you with a soft landing anyway. Hopefully you’ll learn [...]
Filed under: Ben Bernanke, Financial News, Mortgage Information, Real Estate, Real Estate Charts and Graphs, Real Estate Investing, housing crisis | No Comments »
Posted on October 29th, 2008 by moneyvsdebt
Update
Ok ok so the Fed didn’t go to zero but they did follow suit with what Wall St was hopeing for… Of course. They dropped the rate by 50 basis points or in main street terms 1/2 of a percent also known seen as .5 percent. Juding by what everyone on CNBC [...]
Filed under: Ben Bernanke, Credit Card, Easy Money, Finance, Financial News, Global Economy, Investing, Mortgage Information, Real Estate, Stocks, Will Make you Smile, federal reserve, housing crisis | No Comments »
