According to recent reports, housing prices are continuing to fall and more poor credit mortgages are going into default. Although many hoped that the lowering of property values would spark interesting first time home buyers, banks have tightened their restrictions to the point where it is becoming impossible to get a poor credit mortgage, or […]
A simple guide to Poor Credit Mortgages
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Casting Blame on Poor Credit Mortgages
Posted on April 3rd, 2008 by Bright Light
Many have been left scratching their heads as to what really caused the current subprime crisis. Although the statistics point to lowered home values, higher interest rates and consumers overextending their means, many analysts believe that the problem goes much deeper.
Chris Whalen, founder of the Wall Street consultancy Institutional Risk Analytics, blames Washington for the […]
Treasuries Fall on Federal Reserve News
Posted on April 3rd, 2008 by Bright Light
After the Federal Reserve announced that it would be backing poor credit mortgages with a $200 billion plan, treasuries fell sharply. “The Fed is trying to do anything it can to free up markets,” said Jason Brady, a managing director in Santa Fe, New Mexico, at Thornburg Investment Management. “People have been in asset- preservation […]
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