October 13, 2010
in 2010, October, US economy, banks, collapse, housing, market reports, mortages, news and updates, real estate, risk, sectors, wealth protection
Foreclosure-gate, Fraudclosure, the foreclosure scandal – you’ve been hearing about this in the news the last few days, but what the heck is the foreclosure-gate scandal, exactly?
Foreclosure-Gate is the New Risk Factor Everyone Should Be Talking About
What Is Foreclosure-Gate?
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Well, there’s two parts to this answer. The first part is the simple fact that Bank of [...]
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Option ARMs are the new subprime. Option ARMs stand for “payment-option adjustable-rate mortgages” – so-called because the rate paid on the mortgage varies with the market, but the total payment can be adjusted by the borrower according to his or her needs. How’s that for a sweet deal? It’s good right now, because interest rates [...]
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