banks

Issuance of Alt-A Mortgages Down Sharply in Third Quarter

A report released by Standard & Poor’s Ratings Services said the issuance of Alt-A mortgages plummeted in the third quarter, and is projected to fall further in the fourth quarter and early 2008 thanks to ongoing liquidity concerns. The value of Alt-A mortgages issued during the third quarter dropped a whopping 64 percent to $39.3… Read More »Issuance of Alt-A Mortgages Down Sharply in Third Quarter

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The Great Student Loan Debate: Part 2

This second installment of MintLife’s 2-part series on student loans explores the types of student loan relief available, including one program that only an estimated 2% of borrowers are taking advantage of.

The post The Great Student Loan Debate: Part 2 appeared first on MintLife Blog.

What will housing credit look like in next recession?

We need to understand the credit channels in the U.S. today and why they’re so different than the period of 2002-2008.

Janet Yellen says bank deregulation may have gone too far

(Bloomberg) –Treasury Secretary Janet Yellen warned that deregulatory efforts that watered down some post-2008 financial reforms might have gone too far and contributed to the recent banking crisis. “These events remind us of the urgent need to complete unfinished business: to finalize post-crisis reforms, consider whether deregulation may have gone too far and repair the … [Read more…]

Low inventory a challenge to housing market as rates decline 

Mortgage rates declined for the third consecutive week, sparking hope for a good spring buying season, but low inventory levels continue to be a challenge for the housing market.

Fannie and Freddie Shares Plummet Amid Takeover

As financial stocks enjoyed a broad rally Monday morning, shares of Fannie Mae and Freddie Mac plummeted. Yesterday morning, the Treasury formally announced the takeover of the two ailing mortgage giants, effectively wiping out common shareholders (and preferred) in the process. Under the terms of the takeover, the Treasury has enacted a four-part plan aimed… Read More »Fannie and Freddie Shares Plummet Amid Takeover

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Tips of How to Buy a Foreclosed Home in 2023

Who doesn’t dream of nabbing a really good deal when shopping for a home? Maybe you’re even considering a fixer-upper, a property that would allow for some sweat equity and would, over time and with work, help you grow your wealth. If you have been studying the real estate listings, you have probably seen some […]

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