Higher credit scores needed for FHA Loans
The FHA guidelines we've been told to look forward to in the Spring are
Higher credit score to qualify for the low down payment option. In fact, scores under 600 may knock you out of the running immediately; and it isn't just FHA loans, it is also conventional mortgage loans
Credit Card Reform of 2010
Today a law goes into effect that could actually help your financial profile. The credit card reform laws are designed to protect consumers, and they may in fact do so.
Regulation, Reform, and lots of shame on wall street
Rep. Barney Frank, Chairman of the House Financial Services Committee wants more regulations for wall street, and to pass laws "addressing" executive compensation. I'm guessing "address" here means limit.
Obama's 'banking czar' Paul Volcker has his reform proposal, and it seems everyone in the country who doesn't make as much money as wall streeters or bankers wants them to make less
coffee and change . . .
Whether you call it coffee, cafe, Kaffe, or a cup of joe; whether you prefer brewed, french press, cappucino, expresso, turkish, or any of the many ways it is prepared; whether you get your coffee from Starbucks tm, Dunkin Donuts tm, your local roaster, or the Internet, Harvest fresh coffee will give you a whole new appreciation for a fine cup of coffee.
Apture Plugin
If you're new here, you may want to subscribe to my RSS feed. You can also subscribe via email.Thanks for visiting!I recently read that the apture plugin is a great boon to word press bloggers.
You are able to insert media, like so: Slick, easy, and pretty, to boot.
The other shoe: Commercial Crisis in Financial Markets Looming
Read in the The Wall Street Journal reports that commercial-real-estate may be ready to deliver "a roundhouse punch to the U.S. economy just as it struggles to get up off the mat."
Mortgage-backed securities failing due to foreclosures brought us the 2008 financial crisis, and now $700 billion in commercial-mortgage-backed securities appear to be about to fail.
Forbes 100 Most Powerful Women - or Mistresses of the Universe
So Queen Elizabeth is less influential than Michelle Obama, who is less important than Hillary Clinton . . . German Chancellor Angela Merkel, for the fourth time, is the world's most powerful woman.
A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers
I was shocked when Lehman Brothers was allowed to fail, and other (in my opinion lesser) Banks were saved.
From Larry McDonald's email to me about his book: I am exposing the few that HURT so many. Over 2 million jobs lost since Lehman failed. This NEVER should have happened!
What banks will be left standing when the dust clears?
Countrywide’s Golden Boy Angelo Mozilo said a year or two ago that within a year the top ten banks would fall to the top 5. I wonder if he thought his would be one of the first to go, or considered he would be charged with fraud before all the dominos fell. Since Taylor Bean & Whittaker abruptly shut down last week, I’ve considered Mozilo’s remark and the possibility that there will only be one or two banks left in the mortgage business. Since that is their money maker, I wonder how many will be left standing at all.
