[TS] High & Low Finance: Responsible Lending: Now Too Risky?
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The government may be arriving far too late to prevent damage to borrowers from subprime mortgages, and just in time for its intervention to make things worse.
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Investor's Business Daily - The Fed's interest rate cuts seem "wholly appropriate" given the severity of the housing slump and the odds that tight credit could hinder economic growth for a long time, Minneapolis Fed chief Gary Stern said. He said the current situation resembles the 1990-91 recession, which was prompted by tighter credit and a housing slump. He added that inflation fell in the early '90s and that current inflation, while running above the Fed's target, should decline over the next several years.
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Business & money: Specialist teams to tackle illegal lending.
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Don't bother with the small stuff. Here's what really matters to your lender.
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Prepare for an odd kind of financial disaster.
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Thanks to relaxed lending standards, in recent years borrowers with bad credit -- such as a bankruptcy or a delinquent loan on their records -- found it relatively easy to get home mortgages.
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Danger lurks down the road for people with interest-only mortgages.
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For months, securities backed by risky mortgage loans have been in trouble. Now, the credit-rating agencies that once blessed those securities as safe investments are in trouble, too.
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Don't let tighter lending rules keep you from home ownership.
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You might not want to set your credit record straight after all.
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Think twice before you rid yourself of a mortgage at retirement age. Use the leverage to your benefit.
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The credit reporting industry is overextended, and it's up to you to fix it.
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Think before you fall for an attractive low payment on a longer-term loan.
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Don't fall for overly high yields.
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Stronger lending standards are justified, but they'll slow the recovery.
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Why you shouldn't care about the yield curve.
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How to say sorry to your lenders and minimize the damage to your credit.