The Federal Deposit Insurance Corporation or FDIC seized Washington Mutual and sold the thrift's assets to to JP Morgan Chase. This is one of the largest bank falls in our history. Some said … [Read more...]
Government Makes Ends (profit) AND Helps Banks With Toxic Mortgage Assets – Title Inspired by CNN Money
Ok, for the Layman's terms...that's how I "roll". I put it in terms YOU can understand.Govie (Government, Washington, Uncle Sam, etc...) has got a plan. Treasury Secretary Henry Paulson (money … [Read more...]
More Major Players in Banking World Troubled Still
The Mortgage Lender, Implode - O - Meter talked about Washington Mutuals troubles today in their blog and also mentioned the Lehman Brother's filing for bankruptcy. Those are two more very large … [Read more...]
Free Bees for Delinquent Borrowers Thanks to the FDIC
In a blog report by Dan Caplinger he brought attention to more help that the FDIC/Federal Deposit Insurance Corporation would be bringing to current mortgage delinquent borrowers all over the nation. … [Read more...]
Interest Rates Moving This Week
This week could be a very volatile week in the interest rate market. It appears that there are several bits of economic news that will be revealed this week that are expected to have some sort of … [Read more...]
Interest Rates Today and the Market Expectations
Have you ever taken a week or two and read the commentary from day to day about the economy and it's expectations? Have you ever noticed that every day seems to contradict the previous days … [Read more...]
Economic Changes Make Hopeful Mortgage Interest to Lower
If you are sitting and prowling in anticipating the interest rates to drop just a little lower before your refinance makes since, signs in the market make that chance look likely. there is good news … [Read more...]
The Fed Lowering rates and Your Mortgage Rate
It's today that everyone in the mortgage and financial advising world are on the edge of their seats to see what the Federal Reserve decides on the recent rate adjustment. Some think .25% and others … [Read more...]
