Dialing for dollars
Posted Thursday December 6, 2007, 11:04 am, Over one day oldThe federal government and a group of major lenders are cooking up a plan to save certain subprime borrowers from foreclosure.
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Dialing for dollars
Posted Monday December 3, 2007, 11:38 am, Over one day oldThe federal government and a group of major lenders are cooking up a plan to save certain subprime borrowers from foreclosure.
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We just gotta buy some time?
Posted Monday December 3, 2007, 11:38 am, Over one day oldWhose time is being bought with the proposed subprime bailout? Is it better to lose your home to foreclosure now or a few years from now?
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A new confidence game
Posted Friday November 30, 2007, 8:45 am, Over one day oldThe Wall Street Journal reports that the Bush administration and several big lenders are working up a deal to freeze interest rates on certain subprime loans.
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Yields bounce back
Posted Wednesday November 28, 2007, 11:38 am, Over one day oldBond yields bounced back a bit yesterday. Freddie Mac's 30-day required net yield rose 9 basis points, after falling 15 basis points on Monday. The 10-year Treasury rose 12 basis points, after falling 18 basis points on Monday.
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Full economic calendar
Posted Monday November 26, 2007, 11:23 am, Over one day oldLots of stuff on the economic calendar this week.
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Tough times for home builders
Posted Wednesday November 21, 2007, 11:23 am, Over one day oldCensus Bureau reports show that 110,400 houses were started in October. Compare that to the 130,600 houses that were started in October 2006, for a 15 percent drop year-over-year.
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Downgrades and foreclosures
Posted Wednesday November 21, 2007, 11:23 am, Over one day oldGoldman Sachs has downgraded Citigroup because of potential write-downs in collateralized debt obligations.
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Downgrades and foreclosures
Posted Monday November 19, 2007, 1:03 pm, Over one day oldGoldman Sachs has downgraded Citigroup because of potential write-downs in collateralized debt obligations.
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Winners, losers in mortgage bill
Posted Monday November 19, 2007, 1:03 pm, Over one day oldIf this bill becomes a law fewer people would get mortgages. Whether that is good or bad depends upon your perspective.
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