Written by Sub-prime mortgages blew a $2trillion hole in the US economy and caused a worldwide meltdown in financial markets, stopping just short of igniting a second Great Depression. Well guess what – sub-prime lending is alive and well again in the US. READ MORE »
Posts tagged loans
Financial reform bill another win for Obama, but will the public care?
Following the Recovery Act and health-care reform, the newly approved financial reform bill shows that President Obama is adept at getting his agenda through Congress. But the American public cares about one thing right now: the economy. READ MORE »
Foreclosure activity rises in most major metropolitan areas
Foreclosure activity climbed in three-quarters of the largest U.S. metropolitan areas in the first half of 2010, compared with the same period a year ago, but declined in some of the nation’s hardest-hit regions, according to data released Thursday. READ MORE »
Hard Money Lending to Hit $2-Trillion
Homeowners and business owners alike are borrowing money to keep their homes and commercial properties at high interest rates by the droves, sending hard money lenders busily searching for more cash to loan. The business of hard money lending is projected to hit a record $2-trillion in the U.S. within a year. READ MORE »
Sub-prime lending rises from the ashes
Sub-prime mortgages blew a $2trillion hole in the US economy and caused a worldwide meltdown in financial markets, stopping just short of igniting a second Great Depression. Well guess what – sub-prime lending is alive and well again in the US. READ MORE »