Posts Tagged ‘Crisis’

Real Estate Woes: The Subprime Mortgage Crisis by CAP

www.americanprogress.org With each passing release of housing-related data, the picture becomes bleaker for the estimated 1.8 million homeowners with subprime mortgages whose interest rates have reset this year or are due to reset before the end of next year. Many of these borrowers and their families hold the 22 percent of adjustable rate subprime loans [...]

Future Mortgage Crisis in Australia?

With the RBA dropping rates significantly Australia seems to be avoiding the existing financial crisis, or are we being set up for an Australian Version of the Sub-Prime Mortgage Crisis?

Understanding the Banking Crisis (Part 2): “Regulatory Failure”

Ed McCartin, a former governor of the Chicago Mercantile Exchange, shares his experience of the financial services industry. This series of short lectures examines credit risks in the growing derivatives markets, mortgage-backed securities, how the Feds reluctance to regulate US banks and zero interest rate policy affects working Americans. Video Rating: 5 / 5

President Obama on Working Through the Mortgage Crisis

The President speaks after Housing Refinance Roundtable with real people who have benefited from renegotiating their mortgages and explains how millions of others can take advantage of his Making Home Affordable plan. (public domain) Video Rating: 4 / 5

Understanding the Banking Crisis (Part 1): “Too Big to Fail”

Ed McCartin, a former governor of the Chicago Mercantile Exchange, shares his experience of the financial services industry. This series of short lectures examines credit risks in the growing derivatives markets, mortgage-backed securities, how the Feds reluctance to regulate US banks and zero interest rate policy affects working Americans.

Paul Ryan: Results – not empty rhetoric – to avert next crisis

Opening Statement Ranking Member Paul Ryan (WI), House Budget Committee Full Committee Hearing with Federal Reserve Chairman Ben Bernanke June 9, 2010 — Welcome to you, Chairman Bernanke. It’s appropriate that you are coming before our committee today to talk about the state of the economy because the health of the US and global economy [...]

Mortgage Fraud – MERS & The Forclosure Crisis

Any use of fraud or deception to manipulate true eligibility on a loan application represents mortgage fraud, a federal crime. Mortgage fraud goes by numerous names, such as wire fraud and bank fraud, and if indicted, can end in a prison sentence of as many as 30 years. Numerous average examples of mortgage fraud are [...]