Mortgage Debt Consolidation

Here are my favorites from this weekend’s New York Times: Food-Shopping Tips From Those Who Set PricesEconomy Can Wait; Stimulate Your Savings Travelers Facing Deep Flight Cuts by Summer’s EndHoping the Upswing Is NighWhy Some Succeed Wildly Life After Tenements Hidden Away in Frenetic Queens Luring Affluent Renters in Manhattan No Babies? Stress Test Pro Poker Players Bet Away From the Table, Too The Wife’s at Work, So… As Bill Evolves, Mortgage Debt Is Snowballing 101 Secrets (and 9 Lives)

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Corporate CEO’s accountable? For what? To whom, besides their share holders? Mortgage debt restructured? Paid for by whom and at what cost? Sounded almost like a Democratic ad to me. Copyright 2008 Nick Schweitzer. This feed is for personal non-commercial use only. All other uses are strictly prohibited without express permission from the author.

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FORT LAUDERDALE, Fla. - Counting on money from your home-equity line of credit to pay for home renovations or college expenses? Watch out. Some banks are starting to restrict or freeze access to emergency cash.

Max Keiser interviewed by Afshin Rattansi: Recession, the US dollar and bombing Iran
Max Keiser interviewed by Afshin Rattansi: Recession, the US dollar and bombing Iran An awesome interview Max gave yesterday to Afshin Rattansi at Press TV. UPDATE: You can read more here on Max s blog at Huffington Post. UPDATE: Here is the transcript: Afshin Rattansi: Live from Paris, Max Keiser, journalst and broadcaster, joins me now. Max, there s been higher inflation, there s been talk of the death of liquidity, easy money in the markets. You ve been predicting a recession in

01.20.09 … by gimleteye
Feeling safer? A significant majority of Americans believe the nation is headed in the wrong direction. Consumer confidence is hitting new lows. It is not just a staggering economy, or national security or energy or the environment, health, insurance and education: the next president of the United States is inheriting a gargantuan mess. Over a long period of time–not just the Bush terms–representative democracy has been deformed. That is the scariest part of the mess: it is a massive challe

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June 26 (Bloomberg) — Fischer Francis Trees & Watts plans to buy more U.S. commercial mortgage-backed securities, betting the worst of credit-market losses are over.

Australia cenbank pushing banks on liquidity buffer (Reuters Finance News, Australia via Yahoo!7 Finance)
SYDNEY, June 27 (Reuters) - Australia’s central bank has been encouraging the country’s commercial banks to securitise mortgage debt held on their balance sheets in order to give them access to official funding in times of market stress.

JAZZ GREAT ERNESTINE ANDERSON LOSING HOME: Friends and family are … - EURweb
*Jazz vocalist Ernestine Anderson, who once worked with Quincy Jones and Ray Charles, is facing foreclosure on her home in Seattle after falling behind more than $30,000 in payments and penalties, public records show. Family and friends of the singer …

As Bill Evolves, Mortgage Debt Is Snowballing (New York Times)
Congress?s sweeping rescue package for struggling homeowners may only be able to touch a fraction of those in trouble and would do little to bolster the market, analysts say.

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Big Oil - enemy of people and planet by Dick Nichols Posted on June 24, 2008 by dandelionsalad Dandelion Salad Posted with permission by Green Left Weekly (note: if you want to repost, you ll have to get permission from them.) by Dick Nichols Green Left Weekly 20 June 2008 The latest surge in the spot price of crude oil (to US$139 a barrel 87.4 cents a litre) dramatises the urgent need for society to wean itself off black gold . The longer we remain hooked the greater the devastation

HousingPANIC Quote of the Day
“Congress wants to have a nationwide housing bill ready by July 4. That’s ironic, since not much about its bipartisan legislation seems to foster independence. Quite the opposite. Capitol Hill’s attempt at helping Americans saddled with mortgage debt amounts to little more than a bailout.” - Peoria Journal Star editorial board, June 2008 (Sorry Chris Dodd, your corrupt POS lender and gambler bailout legislation ain’t playin’ in Peoria)

Fischer Francis to Buy `Cheap’ Mortgage Debt as Subprime Ebbs (Bloomberg.com)
June 26 (Bloomberg) — Fischer Francis Trees & Watts plans to buy more U.S. commercial mortgage-backed securities relative to government bonds in coming months, Tokyo-based fund manager Naruki Nakamura said in an interview.

The Fed is Losing Control of Inflation
The Fed loses control of inflation… The world is in danger of a “global stock and credit crash,” says the Royal Bank of Scotland. A “very nasty period,” may be coming, it goes on, as “the chickens come home to roost.” Morgan Stanley also warns that a ‘catastrophic event’ may be coming, caused by the collision between Europe’s tight monetary policy and America’s loose one. Surging inflation all over the world is putting pressure on the Fed to raise rates. But raising rates in an econom

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June 26 (Bloomberg) — Fischer Francis Trees & Watts plans to buy more U.S. commercial mortgage-backed securities on speculation the worst of credit-market losses are over, Tokyo- based fund manager Naruki Nakamura said in an interview.

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SYDNEY, June 27 (Reuters) - Australia’s central bank has been encouraging the country’s commercial banks to securitise mortgage debt held on their balance sheets in order to give them access to official funding in times of market stress.

Click Here for another interesting article you can’t resist

“Congress wants to have a nationwide housing bill ready by July 4. That’s ironic, since not much about its bipartisan legislation seems to foster independence. Quite the opposite. Capitol Hill’s attempt at helping Americans saddled with mortgage debt amounts to little more than a bailout.” - Peoria Journal Star editorial board, June 2008 (Sorry Chris Dodd, your corrupt POS lender and gambler bailout legislation ain’t playin’ in Peoria)

Anatomy of a Meltdown
There is an interesting three part series in the Washington Post on the U.S. Housing Bust. Part one is called “The Credit Crisis”. Of course this blog has been talking about the credit crisis for years, while most of the mainstream press was in absolute denial. Greenspan, Bernanke, and the Treasury department were also (and still are) in denial as well. Let’s start with a chart by the Washington Post showing a timeline of the bubble. click on chart for sharper image Myth Of The Savings Glut

01.20.09 … by gimleteye
Feeling safer? A significant majority of Americans believe the nation is headed in the wrong direction. Consumer confidence is hitting new lows. It is not just a staggering economy, or national security or energy or the environment, health, insurance and education: the next president of the United States is inheriting a gargantuan mess. Over a long period of time–not just the Bush terms–representative democracy has been deformed. That is the scariest part of the mess: it is a massive challe

Click Here for another interesting article you can’t resist

Big Oil - enemy of people and planet by Dick Nichols Posted on June 24, 2008 by dandelionsalad Dandelion Salad Posted with permission by Green Left Weekly (note: if you want to repost, you ll have to get permission from them.) by Dick Nichols Green Left Weekly 20 June 2008 The latest surge in the spot price of crude oil (to US$139 a barrel 87.4 cents a litre) dramatises the urgent need for society to wean itself off black gold . The longer we remain hooked the greater the devastation

Clayton shareholders approve sale to equity firm (AP via Yahoo! Finance)
Mortgage debt consultant Clayton Holdings Inc. said Wednesday its shareholders approved the sale of the company to an affiliate of private equity firm Greenfield Partners LLC for about $132.6 million.

JAZZ GREAT ERNESTINE ANDERSON LOSING HOME: Friends and family are trying to raise money for her mortgage debt. (Eurweb)
*Jazz vocalist Ernestine Anderson, who once worked with Quincy Jones and Ray Charles, is facing foreclosure on her home in Seattle after falling behind more than $30,000 in payments and penalties, public records show.

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LONDON (Reuters) - During the housing bubble a lot of people confused consumption with investment, a fact now becoming painfully obvious in Britain as prices fall and businesses suffer. As in the United States, home owners helped inflate a wider …

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