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Bailout goes from necessary to nightmarish - Atlanta Journal ConstitutionThat $700 billion financial sector bailout that I supported — and do still, but with an exit strategy — is a nightmare in the making. Look what’s happened since the first of the month: Atlanta Mayor Shirley Franklin, smelling a bailout handout ...
Only Halfway Through the Foreclosure Crisis? - ABC News BlogsABC News' Z. Byron Wolf Reports from Capitol Hill: Martin Eakes, who runs the Center for Responsible Lending, told the Senate Banking Committee in February 2007 that the U.S. was on the precipice of two million foreclosures for subprime loans. Today ...
What is the single most important ramification of the election? - Atlanta Journal ConstitutionBefore I tackle this week’s topic, I must first congratulate Barack Obama. Even the election of a man with whom I deeply disagree makes me proud to be an American. I will probably object to his policy priorities, but the ascendance of our first ...
More from Christian Science Monitor: - Yahoo NewsLet market forces resolve the US credit crisis Regarding the Nov. 5 Opinion piece, "What's really burning down the financial house": Natural market forces should be used to correct this matter. Why bail out institutions that made grave mistakes and ...
Peter Murray from toronto, Canada writes: Hmmmmm, - Globe and MailIt seems that most people on here are arguing against Merrill an dnot the facts. U.S. subprime mortgages that ended 2 years ago. Canada 0% down, 40 year mortgages, unlimited portion of income set towards servicing debt ending now U.S. going into ...
Remember 2004? It ain’t over. - Atlanta Journal ConstitutionGo vote. As the polls were closing on election day four years ago, I sat with a group of George W. Bush campaign officials and supporters listening to reports of exit polls delivering the bad news. Bush was defeated. John Kerry had won the presidency ...
Mortgage losses mounting - Portland TribuneKaren Rider (foreground), an agent for a trustee sale officer, conducts an auction of foreclosed homes on the Multnomah County Courthouse steps just inside the building. Uncle Sam is bailing out Wall Street wheeler-dealers who invested in home loans ...
Auto industry troubles leave UAW workers and suppliers struggling and ... - Cleveland Plain DealerJoshua Gunter/The Plain Dealer Auto workers and employees of suppliers to the car manufacturers are fearful that their jobs could disappear in the current economic climate in which car sales in the U.S. have declined from 16 million-plus per year ...
Media Pundits Ignore Gathering Storm of Housing Crisis - Common DreamsAn economic tsunami is coming at us. We already witness the early squalls. Stocks are down. Gas prices are up. Financial houses are writing off billions in losses. The dollar has steadily declined. The head of the Federal Reserve warns that the ...
The Boom Was a Bust for Ordinary People - Common DreamsI t begins to sound a bit naughty -- all this talk about the need to "stimulate" the economy, as if we were discussing how to make a porn film. I don't mean to trivialize our economic difficulties or the need for effective government intervention ...
Today's Mortgage Terms starting with N
Notice of Default: A step in the foreclosure process in which the lender formally informs the court that the borrower is in late in payments.
Non-Assumption Clause: A provision in a mortgage contract preventing the assumption of the mortgage by another borrower without the lenders permission.
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