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Content Tagged with debt + bottomfeeding
[from amaah] Markets Fall as Lender Woes Keep Mounting
The financial pages are very entertaining these days. John Kenneth Galbraith is sorely missed. "I have been at this for 22 years, and this is about as bad as I have seen it in the fixed-income market... A liquidity crunch. It's a credit freeze."
[from amaah] In the mortgage mess, finger pointing is in style
"American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed rate mortgage," said Alan Greenspan. Rarely has an industry done a better job of following a regulator's suggestion. Guilt?
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[from amaah] Living The American Nightmare / Foreclosures On The Rise
The 40-year fixed-rate loan, at an interest rate of 10.5 percent, carries monthly payments of $5,000. It was underwritten by BNC Mortgage of Irvine (Orange County), a subsidiary of Lehman Bros. BNC said that it is a responsible lender. Indeed.
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