Uncategorized

How Much Is A Trillion Dollars? – U.S. Debt Levels Exceed Comprehension

How Much Is A Trillion Dollars? - U.S. Debt Levels Exceed Comprehension

With little press coverage and no debate by Congress, the U.S. debt level is set to automatically increase by another $1.2 trillion in January. The most remarkable aspect to the latest huge increase in U.S. debt is […]

Steve Jobs Dead At 56 – The World Mourns

Steve Jobs Dead At 56 - The World Mourns

Tribute to Steve Jobs We deeply mourn the tragic passing of Steve Jobs and join with the world community in expressing our sorry and deep sense of loss. Here are some of the tributes to Steve this […]

Can The Unemployed Afford A Mortgage Payment?

Can The Unemployed Afford A Mortgage Payment?

Government Determined To Keep Unwilling Homeowners In Homes The FDIC announced a new initiative to reduce foreclosures on home mortgage loans held by failed banks that were acquired by another institution.   This new FDIC program goes far […]

Time Shares – Another Shattered Dream

Vacation Turns Into Financial Nightmare Anyone who has vacationed to a tropical resort cannot be blamed for thinking how great it would be to own a piece of paradise.  Those who succumbed to the charms of the […]

Profile Of A “Making Home Affordable” Homeowner – Everyone Should Do It

Overburdened  Homeowner Subsidized Loan modification programs have been seen as the answer to preventing foreclosures and allowing the housing market to stabilize.  The programs have become progressively more aggressive as foreclosures continue to mount and housing prices […]

Obama – 40 more years!

Obama - 40 more years!

For all of those worried about tax increases, slow economic growth and rapidly expanding deficits, I have one word – relax.  Consider the following comments made by the President today. Obama Says Robust Growth Will Prevent Tax […]

FHA – Ready To Join Fannie And Freddie

FHA - Ready To Join Fannie And Freddie

Multiple Reasons For High FHA Default Rates Massive default rates in the FHA loan program are starting to raise a few eyebrows.  Without major reform of fundamentally poor lending policies, the FHA could soon join the failed […]

Loan Modification Searches Go Parabolic – Making Home Affordable Guidelines

Loan Modification Searches Go Parabolic - Making Home Affordable Guidelines

Loan Modification Enters Mainstream Vocabulary If you had used the term “loan modification” six months ago, most people would have given you a blank stare.  With the passage of the Homeowner Affordability and Stability Plan, the term […]

Chinese Likely To Halt Purchases Of US Treasury Debt

Nervous Times In China The Chinese are learning the hard way about an old American banking story. The man who owes the bank $50,000 dollars on a secured loan may lay awake at night worrying about how […]