Mortgage journalism has gone mainstream. Which means disinformation is being even more widely disseminated than before. A new article in Glamour Magazine warns that even smart women can get into trouble with mortgages and extols the safety and simplicity of renting — we souldn’t worry our pretty little heads about home loans, apparently. Even those [...]
Tag Archives: subprime
Mortgages & Gender Discrimination: Why Are We Still Talking About This?
Consumer groups must be getting bored with the current foreclosure fault-fest. A recent article on Women’s eNews© claims that advocacy groups including the Consumer Federation of America believe that gender bias in mortgage lending is “quite common.” According to Allison Stevens, the author of the article, “The government currently screens for disparities based on [...]
The New F Word
Boy do the presidential wannabes love to throw the F word around while slamming the mortgage lending industry and blaming us for all the economic ills of the world. And the F word I’m talking about isn’t what you think. It’s FRAUD. In one presidential debate last night I heard the word FRAUD a dozen [...]
Vulture or Phoenix?
Discouraged about the dearth of subprime products or the availability of jumbos? Wilbur Ross may be your next wholesale lender.
While the Federal Reserve was conducting secret meetings with 30 top banks two weeks into September, Wilbur Ross was preparing to bid for the mortgage servicing assets of Michael Strauss’s bankrupt American Home Mortgage Investment [...]
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