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Borrowers need to re-think the use of Private Mortgage Insurance (PMI) as they consider different home financing options. This is true since PMI is tax-deductible for all purchases made in 2007 it is worth the consideration. read more »
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What is a bad credit debt consolidation mortgage? A bad credit debt consolidation mortgage is a loan to repay one’s consolidated debt in spite of the bad credit incurred. In other words easing the debt burden off faster is possible through refinancing of the mortgage which means that one... read more »
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Mish on the likelihood that credit ratings agencies will find themselves in hot water over ratings of CDOs stuffed with subprime mortages. also, a new issue that seems to be cropping up: misrepresentation of the investment strategies of funds. instead of following their stated objectives, many funds bought mortgage related securities instead. read more »
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