Posts Tagged ‘investor’

Henry Paulson Assessment Off the Mark

Written by Timothy Blake on August 01, 2007 under Archives, Editorial, Opinion

U.S. Treasury Secretary Henry Paulson said on Wednesday the re-pricing of credit risk was hitting financial markets, but U.S. sub-prime mortgage fallout remained largely contained due to the strongest global economy in decades.

Mortgage Blues Hit GMAC (ResCap) and Cerberus

Written by Timothy Blake on July 30, 2007 under Analysis, Archives

GMAC today reported that second-quarter net income fell to $293 million from $787 million a year earlier. Its mortgage unit, Residential Capital LLC, had a loss of $254 million, compared with a profit of $548 million a year earlier, because of loans to buyers with poor credit ratings.

Flip That House, Property Ladder Not The Norm

Written by Timothy Blake on July 30, 2007 under Archives, Suggestions

For those inspired by television shows like Flip That House and Property Ladder, where regular people like you and I by a house to make a profit, there are warning signs. Not so much with the Property Ladder show, but more so with the others, please be aware that those people have investors looking for fast returns on a short term investment. Property ladder seems to focus on individuals with a budget, although they may have money or a construction loan.

Adjustable mortgages adjust the stock market

Written by Timothy Blake on July 28, 2007 under Adjustables (ARMs), Archives

An adjustable-rate mortgage taken out in 2005 that adjusted earlier this year means $400 more each month in payments. That’s based on the average prie of the average home, around $250,000. Now don’t break out the calculators just yet, as I’m giving you rough information from statistics, as I remember my stats classes and those wonderful discussions on mean, medium, and norm.

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