Sanity Returns to Mortgage Lending - After Trillions In Losses
Liar Loans To Become Illegal
New legislation passed by the House will outlaw “stated income” mortgage loans (commonly called liar loans).
WASHINGTON — The House voted Thursday to outlaw “liar loans,” ballooning mortgage payments and other bank practices that [...]
Insiders Lose Taste For Chipotle
Insiders on Selling Rampage
Led by Chief Executive Steve Ells, Chipotle Mexican Grill (CMG) insiders sold over 230,000 shares in April. This large number of sales by insiders has investors wondering if they should follow the lead from [...]
New Twist On Stimulating Economies - Work Less
Desperation Produces Silly Suggestion
Governments worldwide are obsessed with pushing consumers to spend more. From Japan we now have a new twist on how to stimulate spending. Government bureaucrats (with obviously too much time on their [...]
FHA 203k Program - Financing Uninhabitable Homes
Good Intentions Gone Astray?
The Federal Housing Administration (FHA) currently provides over one third of all mortgage financing. One unique mortgage program the FHA offers is the “Rehabilitation Loan Program (203k)”.
The benefits and features of the 203k program [...]
Low Rate Credit Cards That Make Sense
Make Your Credit Card Work For You
Many consumers with impeccable credit have seen huge rate and fee increases imposed on them recently by the major credit card companies - see Pay Back Time For Credit Card Companies.
There [...]
Pay Back Time For Credit Card Companies
Card Company Practices Draw Heat
The credit card industry has drawn considerable attention in Washington. It’s the kind of attention that the card industry did not want but probably deserves. In an effort to reduce mounting credit [...]
