All Posts Tagged With: "Federal Reserve"
Mortgages: Can You Stop Line of Credit Freezes?
The Federal Reserve has published a new guide to home equity line of credit financing — and what you can do if your lender reduces or freezes your HELOC. To be polite, not a damn thing. The Board’s 5 Tips for Dealing with a Home Equity Line Freeze or Reduction first tells us the following: [...]
10Aug2009 | Peter G. Miller | 0 comments | Continued
Mortgages, Foreclosures & The Disgrace of Journalism
It was long ago when I received a degree in journalism. I wanted to study journalism because it gave me an opportunity to travel and to meet interesting people. I have been a correspondent on Capitol Hill and at the White House, I have lived on an offshore drilling rig in pursuit of a story, [...]
14Mar2009 | Peter G. Miller | 0 comments | Continued
Who Should We Blame For The Mortgage Meltdown?
According to Alan Blinder, a former vice chairman of the Federal Reserve and now a professor of economics and public affairs at Princeton, there are six factors which caused the current foreclosure mess — a list which curiously excludes, ahem, the Federal Reserve. Let me explain. Writing in the New York Times, Mr. Blinder says [...]
2Feb2009 | Peter G. Miller | 1 comment | Continued
Buy-Backs: Keeping Lenders On The Hook
Did you ever wonder what happens to lenders when mortgages fail, when someone gets foreclosed? Lenders know, and for them there are lots of sleepless nights. “When loans go bad borrowers can be foreclosed. Meanwhile, investors such as pension funds, insurance companies and others who own loans can lose money,– say James J. Saccacio, Chairman [...]
26Aug2008 | Peter G. Miller | 0 comments | Continued
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