Investing
60 Minutes - The Mortgage Meltdown
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Scott Pelley reports on the mortgage crisis that’s far from over, with a second wave of expected defaults on the way that could deepen the bottom of the U.S. recession.
This exceptionally good report documents a lot of the information about the mortgage market that most people do not know. It explains what [...]
These are Not Ordinary Circumstances, The White House Gives the Bailout
In a time of economic disaster, the american car industry is falling off the chart. Instead of letting the companies go into bankruptcy, the US government has given the car makers a Christmas gift to help support the economy. Bush needed to keep at least some of his composure as he leaves his position as [...]
The Housing/Credit Crisis And Details on More Pain to Come
Before you consider investing in either the stock market or the housing market, make sure that you understand the risks that you will be taking in this market. T2 Partners LLC has put together an exceptional analysis of the market outlining the damage that the Subprime has caused and what a small portion of the [...]
Why Waiting for a Mortgage Interest Rate is not the Best Choice
Everyone always wants to try to get the best interest rate possible when getting a mortgage, renewing a mortgage, or refinancing a mortgage; however, there are many reasons why you should not wait to complete these activities and proceed with the current rate. Recently, a lot of people began to refinance there mortgages while rates [...]
A Conclusion is Near on the Bailout of Ford and GM
White House Press Secretary, Dana Perino speaks at a live conference yesterday about the state of negotiations between the white house and the US auto makers. One thing is for certain from this video, and that is that the US government cannot let the firms collapse disorderly. If the firms do enter bankruptcy protection, then [...]
The United States Fed Drops Interest Rates to 0.25%
The federal reserve decided on December 16, 2008 to lower rates to an all time low of 0.25%. The reserve also vowed to use all available weapons that they have to combat the credit crisis; however, after previous rate cuts, things did not improve. Home starts are down, consumer price goods are down, people are [...]
Mortgage and Refinance Applications have Surged Recently
Over the past two weeks, two major events have occurred. The first major event is the surge in mortgage applications. Many people are refinancing there properties and many people are shopping for better rates. Also, people are beginning to return to the market to buy properties.
The second major activity was the reduction in prime rate [...]
Obama’s Weekly Address on Job Creation in the USA
On December 5, 2008 The United States had one of the worst job reports in many many years. In November, the United States had lost 533,000 jobs. This number was only expected to be a loss of 320,000 jobs, so this greatly exceeded expectations. The unemployment rate has reached 6.7% in the United States. This [...]
Michael Moore Talks about the Auto Industry Bailout
Michael Moore is from the state of Michigan. Where he lives is directly affected by this crisis. In the auto industries current setup, the companies are destined to fail with the leadership even if they get the bailout. The companies need to make massive changes to the companies; however, they have not gave anyone the [...]
Get a Tax Deductible Mortgage in Canada
The tax deductible mortgage is a great strategy to get your interest payments tax deductible; however, there are some flaws that you should be aware of before getting into a tax deductible mortgage. This article will show you exactly how to employ the tax deductible mortgage to limit your risk and also make you some [...]
