It seems that the mortgatge crisis is hitting not just the middle class and new home owners these days but the rich and famous as well. A notice of default was filed on Ed McMahons hollywood mansion. About 18 months ago Ed Mcmahon broke his neak leaving him unable to work. In the current credit crunch refinancing the 5.75 milli

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How can it be? The cost of living is going up day by day, gas prices are going up by the minute, foreclosure rates are skyrocketing....but people are still building huge mega mansions. It is a paradox that clearly demonstrates the inequalities of American society.

Eri Kroh is one of the builders that are constructing these

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As the housing and credit crisis continues in the US, specialists believe that the total loss in revenue and or capital can total over 4 trillion. U.S home prices may have lost a third of their value by the time the crisis is over. There are more losses than that as top credit analysts say High-yield bond valuations will hit n

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When I heard the term zombie debt I asked what is that. Zombie debts are those old, unpaid debts owed companies that have given up trying to collect but they seem to keep coming back becoming Zombie Debt. Now, however, they are selling those debts to debt collectors, who miraculously bring them back to life and resume the pursu

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The online world if full of dodgy operators and slick salemen so I had to wonder about the authenticity of ex-Flip This House showman Armando Montelongo turning up online with a $100 ebook and a $1000 CD coaching course. More of the same ol same ol'. Perhaps the brick and mortar flipping business is bust and the virtual flippi

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The Navy Federal Credit Union is like any other financial institution, like a bank. It is considered one of the best places to work in the United States and is perhaps the the largest retail credit union in the world. it has the most members, over 3,000,000 and the most assets, more than $35 billion. It primarily serves US Navy

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People nearing retirement in the UK look for ways to maximise their often fixed income. Equity Release is a way for people over 55 to release equity that may be tied up in their homes. Equity release products geared for older people to get a home loan tailored to your circumstance. If you don't know anything about equity relea

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Here is a graphic of the amount of subprime mortgages broken down by county. You can mouse over the map to look at different areas. Unfortunately it doesn't work inside my blog software. But if you click on the map below a new page will come up with a working map. It looks like there are alot of subprime mortgages in Florida and Detriot.

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As interest rates have risen more and more Countrywide customers have experienced hardship and even foreclosure. But now the mortgage giant is doing something to help - they’re offering foreclosure prevention programs to keep more of its clients fro

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The House of Representatives is debating whether or not to pass a bill to make lenders more accountable for who they lend to and the ability of people being able to pay those loans back. Consumers may have the chance to rescind loans and even sure

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This article on Liar Loan Mortgages by Access Loss is very informative. It describes how banks were willing to make loans to customers who did not have to have their income verified. They are technically called stated income loans, which means that the income that is stated by the person receiving the loan is taken at face valu

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Let's face it, not everyone has enough money on his bank account to buy a house. If you are an average American, chances are you need a mortgage loan.

There are many types of mortgages and these can be classified into 2 categories. These are conventional and governmental loans. Mortgages from both categories can be further

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Many people are faced with the challenge of deciding what to do with their funds when they have income coming in for the first time. You want to look for the way that is going to help make your money work for you more than you working for it. Ther

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Mortgage Freedom for Smart Business Owners from Vancouver, indeed from all of British Columbia and Canada, can come from the 2010 Olympics Business Boom. Set big goals. You'll have success and Good Luck. The Year 2010 and the Winter Olympic Games also co-incide with early retirement demands from Baby-Boomers. For the first tim

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People just like you can dream about a career that will help them achieve financial freedom. Now that dream can become a reality.

I cannot tell you what a wonderful feeling it is to have money set aside for just about anything and everything that comes up! Financial Freedom is

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This article talks about the subprime mortgage scandal and who's to blame for it. It lays the blame for most of it on greed and loose morals of those most closely involved and goes on to question why we have to expect government to legislate honesty, personal accountability and good sense.
It finishes up by pointing out that there are stil

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