Saturday, November 21st, 2009

Posts Tagged ‘ Mortgage Meltdown ’

The Ghost of Housing Past

Jul 7th, 2009 | By Chris Mayer | Category: Financial News, Real Estate Investments

The housing bubble was one for the ages. We’ve all heard stories of one kind or another… There was the glass cutter who earned $5,000 per month, pretax. WaMu gave him a $615,000 home loan with payments of $3,600 per month.



A Rare Bank Without Defaults

Dec 19th, 2008 | By David Fessler | Category: Financial News

No Credit… No License… No History? No Problem? Even before our current mortgage meltdown, most banks would never touch a prospective customer with any one of the above issues, let alone all three. But there’s one bank in a quiet little corner of Pennsylvania that’s made thousands of loans – all to customers who have no credit history, zero credit scores, no drivers license and nothing beyond an eighth grade education.



Reigniting Fears

Jun 2nd, 2008 | By Chuck Butler | Category: International Investing

There’s been a return to risk aversion overnight, as some news from the United Kingdom has reignited the fears that the banks may still be sitting on a ton of bad debt… Of course, as Pfennig readers, you already know this…



Two Ways to Profit From the Looming Credit Card Squeeze

Apr 9th, 2008 | By Robert Williams | Category: ETFs

Late credit card payments and outright defaults have soared in recent weeks. The most recent data says that “dead” balances written-off as uncollectible by banks have jumped 24% from a year ago. Late payments are up 16%. Can this be linked to the subprime mortgage meltdown? Our research says it is.



Signaling the All Clear Horn?

Apr 3rd, 2008 | By Chuck Butler | Category: International Investing

Seems the markets are getting all pumped up on the Kool-Aid Big Ben is serving up… But these are just words folks… We’ll see who’s right and who’s wrong on this… His track record isn’t so good!