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Where bad credit is good
They're banking on subprime and deep subprime borrowers for new business. This post comes from Marilyn Lewis at MSN Money. Who knew that defaulting on your mortgage would make you attractive to lenders?
money.msn.com
Wife's bad credit doesn't have to ruin her husband's
fter paying off delinquent card and school debt, a wife wants her credit score to rise -- but not at the risk of ruining her husband's good credit
finance.yahoo.com
A Year-End Bonus Drove Bankers To Scheme, SEC Says
The SEC says Credit Suisse employees manipulated the prices for mortgage securities to make their trading books look profitable so they could earn big year-end bonuses.
www.forbes.com
Insight: Borrowing spree pushes Canadians to edge of debt cliff
TORONTO (Reuters) - The two giant jars on Randolph Taylor's windowsill are filled with shards of credit cards, chopped up by the clients whose staggering indebtedness drove them to the front line of Canada's household debt crisis. "I used to cut them up myself, but then I saw that having them do it themselves was a huge symbolic act," Taylor said, pulling out a pair of scissors from his desk ...
news.yahoo.com
Timely New FreeScore.com Commercials Aimed at Helping House Hunters
Low mortgage rates, elimination of a minimum credit score requirement for some refinancing by Freddie Mac, and The Obama Administration’s announced program, Making Home Affordable, have set the table for renewed interest in affordable home ownership for Americans.
finance.yahoo.com
'Strategic Defaults' Take Off in Seattle; Lawyers, Doctors Walk Away from Mortgages
​In recent months, the national press has spotlighted a new type of foreclosure. It involves so called "strategic defaults," whereby homeowners can afford their mortgage but nevertheless choose
blogs.seattleweekly.com
Why is the Normally Astute Taibbi Sounding Like a Hopey Dopey Liberal on the Mortgage Settlement?
I hate taking issue with Matt Taibbi. I'm a huge fan of his writing and think he has done more to cause the big bad banks discomfort than any single writer. But even someone as skilled as Taibbi occasionally has the writing equivalent of a bad hair day. And his post, " A Victory for the Public on Foreclosures? " is an example. And his misreading matters precisely because he has so much cred with ...
www.nakedcapitalism.com
Real Estate & Mortgages Articles
The unique tax advantages offered by these investments can translate into superior yields. Learn the key features of three subcategories of equity REITs: industrial, multifamily and hotel REITs.
www.investopedia.com
Insight: Borrowing spree pushes Canada to edge of debt cliff
TORONTO (Reuters) - The two giant jars on Randolph Taylor's windowsill are filled with shards of credit cards, chopped up by the clients whose staggering indebtedness drove them to the front line of Canada's household debt crisis. "I used to cut them up myself, but then I saw that having them do it themselves was a huge symbolic act," Taylor said, pulling out a pair of scissors from his desk ...
news.yahoo.com
Getting new credit cards can ding your credit score
If you're eager to buy that new car you just spotted at the North American International Auto Show, I'd like to share a story from a reader who learned the hard way about the power of credit scores.
www.goerie.com
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