From Bloomberg: Yellen Said to Be Obama’s Pick for Fed Vice Chairman I suggested Dr. Yellen as a possible candidate for Fed Chairman last year, so obviously I think this is a good choice. She was way ahead of most … Read More
Courtesy: reader Randall Marquis Federal and local law enforcement agencies raided the United Law Group’s offices in Irvine today, as part of a loan modification fraud investigation, The Register’s Irvine reporter Sean Emery writes. Officials shut the office at 2525 Campus Drive … Read More
The NY Times Deal Book has posted the Lehman’s examiners report online: Court-Appointed Lehman Examiner Unveils Report There is an interesting excerpt on the apparent use of repo transactions to bolster Lehman’s balance sheet: … former Global Financial Controller Martin … Read More
Will the reverse mortgage market disappear? Read here for reasons why the reverse mortgage market may not last too much longer. While a reverse mortgage is currently a very popular financial product that is taken advantage of by many senior … Read More
Are you sure a reverse mortgage is right for you? A reverse mortgage for many people is an opportunity to save their home from foreclosure, pay off medical bills or pay for care of a spouse. But it’s not right … Read More
How do you calculate reverse mortgage amortization? Read here to determine how you can calculate your loan’s amortization! One of the most confusing aspects of a reverse mortgage is how to calculate amortization. Since a reverse mortgage does not require … Read More
What are the reverse mortgage benefits for couples? Read here for the benefits that you and your spouse will receive with a reverse mortgage! A very popular product for any retired individual or couple is a reverse mortgage. This is … Read More
Daylight Savings Time “Spring Forward” …. taken too far What day is today? by Soylent Green is People From the FDIC : Valley National Bank, Wayne, New Jersey, Assumes All of the Deposits of LibertyPointe Bank, New York, New York … Read More
Note: This is not Mortgage Equity Withdrawal (MEW) data from the Fed. The last MEW data from Fed economist Dr. Kennedy was for Q4 2008. My thanks to Jim Kennedy and the other Fed contributors for the previous MEW updates. … Read More
Update: corrected mortgage debt amount. The Federal Reserve released the Q4 2009 Flow of Funds report today: Flow of Funds . According to the Fed, household net worth is now off $11.8 Trillion from the peak in 2007, but up … Read More