Reverse Mortgage

oralee v asked: How does bad credit come off your credit report once you have passed the 7 year deadline?

shara. asked: If the US had regulated their mortgage industry a little bit we might not be in this mess. The suffering around the world that this will cause will be beyond compare. It was meant to be a rhetorical question. Of course the whole idea of compensation is preposterous. But geez it’s fun to [...]

areusmarterthanafifthgrader asked: from regression analysis I found that there is a strong positive relationship between the unemployment rate and mortgage rates. I can’t figure out why. Any thoughts?

krazykdd asked: For example, if I had a $10,000 mortgage over 5 years at 5%, I know that the interest in the first year would be $500 and the principal in the first year would be $1810. I can use excels spreadsheet function to figure that out, but I can’t figure out how the math [...]

Tosh asked: This is for a discussion question at school. Do you think the economy of China will be “immuned” from the global subprime mortgage crisis? Since China’s economy has this “independence” that works on its own compared to the US,Euro, Japan economic market alliance. Please share your view. I think this crisis only affects [...]

diblyhoo asked: Greenspan tried to slow down the economy – they knew the mortgage situation – but still raised rates so fast payments couldn’t keep up.Content for WordPress

Blockhead asked: The big problem seems to be people defaulting on their mortgage loans, which leads to foreclosure and losses for the banks. What if the banks offered to take 20% of the mortgage amount and put it in a non-interest accruring loan account, base mortgage payments on the 80% balance at high interest rate, [...]

charolastras2 asked: It is a scenario theorized by the economist Irving Fisher. I don’t understand how deflation “increases the real cost of debt.” Can someone please explain?Content

batlim asked: was this what caused the recession in the USA?Content for WordPress

areusmarterthanafifthgrader asked: from regression analysis I found that there is a strong positive relationship between the unemployment rate and mortgage rates. I can’t figure out why. Any thoughts?Content – Members-Only Content for WordPress