Archive for December, 2009

Hedge Funds: Passport Capital’s gold experiment

0 Comments Published December 25th, 2009 in News.

SAN FRANCISCO (MarketWatch) — This summer, John Moran picked up 100 ounces of gold from a locker run by the Comex exchange in New York.

Jobless advocates seek more foreclosure relief

0 Comments Published December 23rd, 2009 in News.

Officials are considering using an existing billion program to help homeowners modify mortgages and put it in a program that would help the jobless stay in their homes.

Looking for new markets, IBM taps subprime loans

0 Comments Published December 23rd, 2009 in News.

Big Blue buys servicing firm from Bank of America.

Find more subprime information from Google
This blog discusses subprime mortgage problems. Subprime problems began when lenders offered loans to potential home owners with bad credit or credit / income that did not meet the standards of traditional lending. Subprime mortgages for people with bad credit or no credit face an uncertain future. Once the hope of many to enter into home ownership has now been corrupted both by overreaching consumers and predatory lenders. I hope to follow the aftermath of this crisis.

Mortgage Lender Implode-o-Meter






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