Tag Archives: financial

If I just refinanced my house last year, is it a bad idea to do it again this year?

Also, what about these companies who offer lending 125% more of your mortgage balance? New Day Financial does this. Is there any catch? I’m trying to borrow and extra $30,000 which is why I’m looking at refinancing.

Am I in a Bad Financial Situation?

I have $3,500 total savings. $9,500 in student loans. $6,000 credit card debt.

My monthly expenses are: $1400/mortgage and $435/ 2 cars.

I’m 30 yrs old with 2 kids and make $90K a year. I can’t seem to save a dime after all bills are paid end of month. My company offers me a retirement plan. Should I sell the home and car? (home appreciated 10K and I can profit $6k from one car).

thanks

Joseph Gyourko on Fannie, Freddie, and the Housing Bust

Wharton Professor Joseph Gyourko details the numbers underlying the downward spiral of the credit and mortgage markets. … wharton credit markets mortgage market subprime crisis meltdown Joseph Gyourko financial

Citigroup Bankruptcy: Federal Reserve & SEC Response

why the mortgage crisis, although real, is a ruse distracting the public from the real source of the problem. This is an unregulated shadow banking system dominated by hedge and private equity funds. Step one to turn the economy around should be that President Bush, Federal Reserve Chair Bernakke and SEC Chair Christopher Cox require these funds to register with the SEC and disclose their holdings and related accounting practices. Only then can confidence be restored. … Bill Parish Citigroup …

Mortgage meltdown in Russia

Russians bitten by the financial crisis are finding it difficult to pay their mortgages, and banks are pressing struggling borrowers despite government efforts to help debtors.