Worst 10-year performers: MBIA takes a triple-A nosedive on risky mortgage debt
Filed under: Major movement, Bad news, S and P 500, Housing, MBIA Inc (MBI) In this series, we take a look at the 25 stocks on the S&P 500 Index (SPX) that have turned in the worst performance during the past decade what went wrong, and what happens next. (See all 25). While financial-services firms have been dragged down as a group for more than a year, few have flamed out with the spectacular ferocity of municipal bond insurer MBIA Inc. (NYSE: MBI). In fact, among equities listed on the
Q&A: Economist Mark Zandi
Mark Zandi, chief economist of Moody s Economy.com, is a frequent housing-market commentator. Now he has a new book out — Financial Shock: A 360 Degree Look at the Subprime Mortgage Implosion, and How to Avoid the Next Financial Crisis. Seems an opportune time for a Q&A — not just about the book, but also about his views on local home prices, his advice for homeowners and his take on the ripple effects of BRAC. Q. So — what can we do to avoid the next financial crisis? Zandi: Well, w
Merrill’s Debt Deal Not So Cut and Dry - Street.Com
We have heard that Merrill Lynch MER is better off after having sold a bucket of mortgage debt. And we have heard that they are worse off. But how — I repeat how — can we hear about Mother Merrill’s sale of this debt without a mention of the …
Mortgage Acceleration Program - Debt Elimination Program
by Ray Lam Mortgage Debt Elimination shows that most home loan debts will be secured. Secured debts usually are tied to an asset, like your house for a mortgage. If you stop making payments, lenders can foreclose on your house. Debt consolidation mortgage loans offer several distinct advantages to buyers or consumers with significant credit card or personal loan debt. First, the consolidation can often significantly lower the overall monthly debt bill. By paying a single bill each month, the a