Subprime Mortgage Crisis – Is it Old News?
Subprime has been a buzz word for what seems like forever in the mortgage industry; well, its really only been about three years, but with as much mortgage news coverage as there has been on it, it does seem like forever. I have started to hear that some analysts are predicting that the “subprime” part [...]
Did 9/11 Cause the Subprime Mortgage Crisis?
Please use Subprime Blogger to stay up to date with Mortgage Rate Trends and the direction of the overall economy. With the government printing TRILLIONS of dollars, inflation investments might be the best place to put your money. In the CNBC documentary “House of Cards” the staff points out that 9/11 was the primary cause [...]
Mortgage Blog – Will It Change the Housing Market?
Five years ago no one in the mortgage industry even knew what a blog was no less did they let it affect their company. Now that there is a plethora of information roaming around the internet mortgage lenders and brokers must be on their toes and do what is right. Obviously there will be many [...]
Daily Mortgage Rates News – How Low Will Rates Go?
Daily mortgage rates news gives readers information on the current mortgage market and how it affects your overall life. Today we ask the question “How Low Will Rates Go?” Yesterday I posed the question “What is the Fed’s Next Move with Mortgage Backed Securities?“ The answer to this question will help to determine exactly how [...]
Daily Mortgage Rates News – Fannie Mae Needs $19 Billion
Fannie Mae, which took 15.2 billion in government aid on March 31st, is now asking for an additional $19 billion due to an “unprecedented” housing market slump. The first quarter loss of Fannie Mae was reported at $23.2 billion or $4.09 a share which pushes Fannie’s net worth into the negative. The question we must [...]
Daily Mortgage Rates News – Subprime Will End Bank of America?
Over the last six months I have been very harsh, yet honest, in my thoughts about Bank of America. In January I posed the question “Will Bank of America File Bankruptcy?” This was prior to main street realizing just what was going on behind closed doors in Charlotte, NC. Just before the mention of bankruptcy [...]
Subprime Lending Changed the Mortgage News Industry
Prior to February of 2007, “Mortgage News” was a keyword that was searched at a rather consistent rate. There were seasonal peaks and valleys as there are with many keyword searches, but there were rarely extreme peaks that showed national interest. In February of 2007 that all changed! When the subprime mortgage crisis became national [...]