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Tag Archive | "credit crisis"

An Economy On The Edge

The credit crunch has demonstrated with painful clarity that the financial sector has become dangerously over-leveraged, to a degree that almost nobody realized before – partly because the normal metrics to measure leverage are pretty useless. Fed Chairman Bernanke reported to the U.S. Congress on April 2, 2008 that the economy is in such shaky shape, [...] [...more]

Finances Comments (0)

Negotiating Debt Settlement

I’ve talked to people who didn’t believe that the credit card companies would actually settle for less than they were owed. But the fact is that if you haven’t paid your bill in a few months, it is likely that they will offer you a settlement without you doing anything. If your debt is no longer [...] [...more]

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The Subprime Situation is Still Really Bad — No Kidding

On Condé Nast’s Portfolio.com, there is a post telling us something that we, unfortunately, already know: The subprime mortgage situation still sucks. The post points out that while mortgage lender Countrywide shares have gone up recently, that ‘victory’ is relative and hardly an indicator that happy days are here again. The so-called subprime meltdown is [...] [...more]

Borrow, Mortgages, News, Uncategorized Comments (0)

Prepare yourself for the upcoming credit crisis

The mortgage industry has fallen victim to a credit crisis and borrowers need to prepare themselves for the months to come. If you are planning on refinancing your home or investment property in the next year or two, there are a few important factors you need to know. […] continue [...more]

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