Subprime Lending Crisis Archives ⋆ Page 3 Of 13 ⋆ Boston Condos For Sale Ford Realty

Subprime borrowers driving foreclosures

Boston real estate foreclosures, subprime lending crisis

So, maybe this doesn’t add anything to what you already know, but it does clarify things, a bit. Here’s an excerpt from a speech that Treasury Secretary Paulson gave to the US Chamber of Commerce, the other day. I’ve highlighted the parts that I...

McCain to borrowers: Drop Dead

subprime lending crisis

BAM!! Take that, Mrs. “$30-billion bailout” Lady. Republican presidential candidate John McCain on Tuesday criticized government intervention that bails out banks and borrowers who made poor decisions. “I have always been committed to the principle...

People going into foreclosure / bankruptcy due to job losses, little else

Boston real estate foreclosures, subprime lending crisis

I always thought of this: The most important structural element of a story is the lede or lead—the story’s first, or leading, sentence.[2] The lede is usually the first sentence, or in some cases, the first two sentences, and is ideally 20-25 words in length...

Calls for homeowner bailout begin filling the halls of Congress

subprime lending crisis

My father was a kind-hearted man. He worked for forty years of his life at jobs he didn’t really like so that he and my mother could raise five (wonderful) children in a nice, safe neighborhood. They lived 28-years in the same house on which they paid their...

Crazy person given space in the Journal

subprime lending crisis

Government bailouts? Sure, give money to the poor or middle class who bought homes they can no longer afford. Give money to the rich, to stimulate the economy. Give money to the banks, to help them stay solvent. Or, give money to the 5 million homeowners who have...

Situation normal …

subprime lending crisis

Well, this is where things start going bad. Several major lenders, including Countrywide Bank and GMAC-ResCap, have categorized hundreds of counties and Zip codes as “soft markets.” Borrowers in these areas are often charged larger down payments and other penalties,...