All Posts Tagged With: "nontraditional"
America’s Big Banks, America’s Financial Vietnam
Three years ago the most-powerful instutitions in America were the nation’s largest banks and brokerages, Wall Street for short. While millions of people were losing their homes, their jobs and their savings, the nation’s elite extracted a $700 billion line-of-credit from Uncle Sam. Now Wall Street is our financial Vietnam. It’s broken. The old cures [...]
3Oct2011 | Peter G. Miller | 0 comments | Continued
10 Ways Mortgage Loans Are Changing
With all the fall-out from the mortgage meltdown it’s not surprising that mortgage loans are changing. Many of the deals available during the past decade are not done and gone, not a loss for most borrowers. What happened from 2004 through 2007 is that new forms of nontraditional loan products were introduced, so-called affordability loans. [...]
23Feb2010 | Peter G. Miller | 0 comments | Continued
Are Toxic Loans Coming Back?
Our good friends at Realty Times report that some in the mortgage industry believe that no-doc loans and other forms of toxic finance “may soon be making a comeback” and that “some people can’t wait for the no-doc loans.” Really? I have no doubt that some people would be elated by the return of liar [...]
20Jul2009 | Peter G. Miller | 0 comments | Continued
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