Category Archives: Statistics

Subprime once hurt the elderly, now hurts the world

August 10, 2007 – 10:08 am

Subprime lending once hurt the elderly in the United States. It only took three more years for subprime to hurt all borrowers and the entire world economy. Back in 2004 subprime was not necessarily predatory lending. Others argued that mortgage fraud became predatory lending, which then evolved into subprime. Regardless of the position you take [...]

By Leatherneck | Also posted in Archives, Mortgage Fraud, Root Causes | Tagged , , , , , , , , | Comments Off

Mortgage Reset Numbers and Resets Defined

August 3, 2007 – 9:09 pm

A reset is when an adjustable rate mortgage goes to the next interest rate level, thus increasing the mortgage payment. Adjustable rate mortgage resets through the end of July 2007 were $197 billion (USD). That is less than what is projected for February and March – and just February and March – of 2008. The [...]

By Timothy Blake | Also posted in Archives, Definitions, Economic Impact | Tagged , , , , | Comments Off

When a house is not a home

July 28, 2007 – 12:16 pm

Roger Miller (see) released a song called “When a house is not a home”, and it is was recently re-released by talented musician Bobby Flores on his CD called “Too Many Rivers.” What is my point?

By Timothy Blake | Also posted in Analysis, Archives | Tagged , , , , , , | Comments Off