Home Mortgage Aid

Homes don’t cost the same in Topeka versus the Bay Area. Neither does gas. Neither does a night out on the town. In fact, just about everything in Topeka is probably cheaper. So does it make sense to have a static IRA maximum donation rate when cost-of-living varies so wildly from place to place? No, […]

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The Digerati life has a great blog post about how we’ve found ourselves in the current subprime mess, and how to get ourselves out of it. It explores the reasons behind what has happened and without going into complicated economics that a normal person couldn’t understand. You can check it out at:

What’s Next After The […]

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Countrywide continues to offer mortgages, although it seems they are exiting the subprime area. For a company almost given up for dead a few weeks ago, they seem to be emerging from their darkest hour. Having already started the painful downsizing of lay-offs and more stringent loan requirements, they also now have a major financier […]

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With Bernanke and the Fed’s rate cut, it seems the credit crunch may be easing for some of us. The fall out in the subprime industry will be interesting. This past week, ETrade made news by exiting the mortgage market. Countrywide has already left the subprime market. This will leave big players, like Wells Fargo […]

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Depending on who you ask, holders of LEND were treated to either a great ride or a bad stomachache yesterday. The stock shot up over 50%, from a Thursday close of $6.50 to a peak around $10, then sold off gains to $8.66. The main reason for this rocket was an announcement that LEND had […]

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Accredited Home Lenders Holding Company
Currently trading at $7, supposedly going to be bought for $15…more to come
http://finance.yahoo.com/q?d=t&s=LEND
Cramer insists the $15 will go through unless Loanstar goes bankrupt.
Click Here for the The Street video
Interesting discussion of options from Google Finance

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Shortly after the opening bell yesterday, BNP Paribas announced they were pausing three of their largest funds due to uncertainty in the U.S. home lending market. BNP Paribas is not the first bank to announce problems stemming from the rising tide of loan problems here, but they are the most recent. Other European establishments have […]

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Yesterday (August 7th), the Federal Reserve announced plans to keep the interest rate at 5.25%. In the wake of some turbulence on Wall Street, and growing storm clouds in the mortgage industry, their decision was somewhat surprising. After analysis of the somewhat cryptic message, the general consensus seems to be not to expect any cuts […]

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The San Diego Union Tribune has a front page story this morning (Sunday, August 5th) about the increasing rate of mortgage defaults and the implications for homeowners in the San Diego area. While default rates are skyrocketing — as they are across the country — the current rate of defaulted homes on the market is […]

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