News
Loan Modifications, How To Find Out If You Are Eligible Online
" Loan Modifications can be a way to save your home from an imminent foreclosure. It will also affect your credit score, and this could affect your chances of getting another loan or when applying for a job. This makes many people think twice before applying for a loan modification. The truth is that you could end up without being accepted for a loan modification but still suffer a drop on your credit score. There is also the time wasted applying and waiting for a response. Some troubled homeowners automatically assume they are not eligible for such a modification. A good way to make sure you are even eligible for a loan modification under the HAMP program is to visit http://makinghomeaffordable.gov/modification_eligibility.html and see if you pass the program’s requirements. "
Fed Ends Bank Exemption Aimed at Boosting Mortgage Liquidity
"The Federal Reserve Board removed an exemption it had given to six banks at the start of the crisis in 2007 aimed at boosting liquidity in financing markets for securities backed by mortgage- and asset-backed securities."
Fitch Says US and UK Need to Cut Budget Deficits by 6-7 percentage points of GDP to Bolster AAA Ratings
"Fitch Ratings suggests that the US and the UK need to cut their primary budget deficits by 6-7 percentage points of GDP to be sure of maintaining their AAA sovereign debt ratings."
Fitch says US Hotel CMBS Delinquencies to Double to 25-30%
"Loan defaults for U.S. hotel CMBS show no signs of slowing down as a large concentration of loans come due next year and in 2012 , according to Fitch Ratings."
Credit scores can drop after getting loan help
" Some homeowners who sign up for the government's mortgage assistance program are getting a nasty surprise: Lower credit scores."
Ferris Geithner's Day Off
Gary North on a Hollywood fable vs. the nasty reality of Federica.
The Feds Put Us Up to It
So say the hapless synagogue bombing suspects, and who can doubt it?
The 2012 Recession Will Be Worse
Because they've shot all their bullets, says Jim Rogers.
I Will Not Sell My Gold
Not as long as the US continues its fiscal, monetary, and foreign policies, says Marc Faber.
Deadly Deficiencies in the Average American Diet
Make up for them with these three basics, says Margaret Durst.

