September 8, 2009 – 5:21 pm
The problem went far beyond mortgages and opportunists. Greed almost stopped the American economy. Too many unemployed, too many reduced credit limits, and too many homeowners are upside down in the value of their homes.
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September 7, 2009 – 5:05 pm
My friend and I have 45 years of military service between her career and mine. By 2005 it was clear to us that executives and many employees in the mortgage and finance sector lacked basic leadership traits and principals known to everyone in the American armed forces.
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September 5, 2009 – 12:07 pm
In the United States, years before the so-called “subprime crisis”, various financial businesses existed to serve the needs of the middle class. Among those were Household International, Citifinancial, and Avco. Household International represented the Household Finance (HFC) and Beneficial Finance brands.
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August 10, 2009 – 10:09 am
Austin Kilgore wrote an article about predictions from Deutsche Bank concerning the mortgage market and the financial position of homeowners. While we certainly saw mortgage blues on the horizon well before the summer of 2007, Kilgore’s article shocked even us.
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Chase MasterCard sent a change to terms agreement. Chase is deliberately setting their customers up to fail on their card agreements at a time when account delinquencies are at the highest level in history. The new terms increase the minimum payment 2% to 5% of the outstanding balance.
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