Technology and Invention in Finance – Yale, Econ 252, 3.2
This is synopsis two of two from lecture three of Dr. Shiller’s Yale ECON 252 course: Financial Markets. Go to the ECON 252 link to access all synopses to this point. Mental framing is something that is very important in finance. When countries want to make their citizens pay higher taxes, the only successful time [...]
Senator Dodd is Refinancing; What Rate Will HE Get?
On Monday, February 2nd, Senator Christopher Dodd said he will refinance two Countrywide mortgages that he took out in 2003. Dodd is refinancing his Washington townhouse and Connecticut home and will end his financial relationship with Countrywide. Dodd made the statement that he and his wife “acted properly in our mortgage refinancing negotiations. We did [...]
Vacant Homes in America Continue to Rise
The number of vacant homes in America is quite astonishing. If we could find a way to start filling some of these vacant homes to help the supply/demand imbalance, we would slowly start to see the road to recovery in the housing market. The number of vacant homes doesn’t have to decrease, but should at [...]
Mortgage Rate Predictions – February 5th
Last week rates dropped slightly to 5.1% on the 30 yr fixed rate and stayed the same at 4.8% on the 15 yr fixed mortgage rate. This was very close to our mortgage rate predictions. This week we actually see another drop in rates due to the influence of President Obama and the Federal Reserve. [...]
Bad Credit Mortgage Assistance – Are Americans Resorting to This?
Many Americans have made financial mistakes in the past. Unfortunately, in the current global economic environment, there is little forgiveness for these mistakes. Bad credit can negatively affect almost every aspect of an adult life. If one cannot access credit, they lose the ability to own a home, vehicle or even a television. Dreams can [...]
Technology and Invention in Finance – Yale, Econ 252, 3.1
This is synopsis one of two from lecture three of Dr. Shiller’s Yale ECON 252 course: Financial Markets. Go to the ECON 252 link to access all synopses to this point. Many times, the media portrays finance as unethical and evil. While there are some negative aspects of finance, for the most part, the study [...]
Deciphering an Economic Maelstrom
“…the Labor Department said the number of first-time jobless benefit claims jumped to a seasonally adjusted 589,000 in the week ended Jan. 17…” “…new data from the Commerce Department showed the housing market continued to weaken in December. Construction of new homes and apartments plunged to an all-time low annual rate of 550,000 units last [...]
Obama Promises to Lower Mortgage Costs; How Do You Benefit?
On Saturday, January 31st, President Barack Obama promised America that he would lower mortgage costs as part of the financial rescue package. The exact terms and methods of how he is going to do this has not been disclosed, but in the near future, the entire rescue plan will be released to the public. Many [...]
Mortgage Modification Google Image Search Produces……Golden Retriever?
Mortgage modification is the buzz of the mortgage industry right now, so I decided to see what images would result on google image search. All of the pictures on the first page directly related to mortgage modifcation in some way, but when I got to page two I was completely baffled. I mean, honestly, what [...]
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