[News] Mortgage Market Giving Economists Fits, Should Mortgage Borrowers Care?

Author:  //  Category: Mortgage

It seems we are in the perfect economic storm for mortgages. Many homeowners and potential home buyers are stuck in a confusing mix of market signals. A blend of good and bad that leave us with a balanced scorecard. This is leaving most experts offering little practical advise and instead focusing on predicting the bottom.

Since, there is little market news on this Labor Day lets take the down time to step back and see what all these current mortgage trends might mean to you.

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[News] Mortgage Market Giving Economists Fits, Should Mortgage Borrowers Care?

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Stock Market Dead Cat Bounce ‘What to do…

Author:  //  Category: Mortgage

… fundamentals are. Second, the fundamental forces that caused this crisis the number of mortgages going bad and the losses at banks, brokers and insurers are piling up …

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Stock Market Dead Cat Bounce ‘What to do…

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Labour needs unity to tackle downturn

Author:  //  Category: Mortgage

… been lifted by tax cuts. The result is that America, the home of the sub-prime mortgage, is enjoying 3.3 per cent growth, while Britain’s growth has collapsed to zero. So …

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Labour needs unity to tackle downturn

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7:42amCommerzbank buys Dresdner Bank

Author:  //  Category: Mortgage

… suffered successive quarterly losses following the meltdown of the US market for high-risk, or subprime, mortgages a year ago, could see heavy job cuts in London and Frankfurt. The Sunday …

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7:42amCommerzbank buys Dresdner Bank

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Fed Rate Cuts Fail to Halt US House Price Crash

Author:  //  Category: Mortgage

… collapse of risk-taking in the financial markets. Mortgage rates rose as policy rates declined, underscoring … in foreclosure rates will spread beyond the sub-prime market. Bottom line: Even if the GSEs …

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Fed Rate Cuts Fail to Halt US House Price Crash

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Crisis leads to $583bn in writedowns

Author:  //  Category: Mortgage

… be heading into an unexpectedly severe downturn, blaming cheap lending. For the BIS, the sub-prime mortgage market, or credit given to borrowers with poor credit ratings, was not a root …

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Crisis leads to $583bn in writedowns

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Commerzbank buys Dresdner Bank

Author:  //  Category: Mortgage

… suffered successive quarterly losses following the meltdown of the US market for high-risk, or subprime, mortgages a year ago, could see heavy job cuts in London and Frankfurt. The Sunday …

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Commerzbank buys Dresdner Bank

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The mess spreads

Author:  //  Category: Mortgage

… The subprime contagion that has tainted banks and thrifts … a $2.3 million private jet. Even jumbo mortgage specialist Hudson City Bancorp, touted on Wall …

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The mess spreads

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Credit crunch leads to $583bn in writedowns

Author:  //  Category: Mortgage

… be heading into an unexpectedly severe downturn, blaming cheap lending. For the BIS, the sub-prime mortgage market, or credit given to borrowers with poor credit ratings, was not a root …

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Credit crunch leads to $583bn in writedowns

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Asset write downs reach $US503 billion

Author:  //  Category: Mortgage

… be heading into an unexpectedly severe downturn, blaming cheap lending. For the BIS, the sub-prime mortgage market, or credit given to borrowers with poor credit ratings, was not a root …

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Asset write downs reach $US503 billion

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