Tag Archives: HELOC

Subprime Mortgages – They’re Ba-ack!


Summary: With an eight-year easy money policy from the Federal Reserve (ZIRP) and real estate prices in some regions above pre-financial crisis highs, subprime mortgages are making a comeback! Subprime mortgage loans yes, but apparently not in the pre-2008 financial crisis form of ‘Liar Loans’! Liar Loans: ‘A category of mortgages known as low-documentation or no-documentation […]

Household Debt Chart: How much do Americans owe?

title insurance, New York,New York City,Long Island,Michael Haltman

Follow @Hallmark Abstract Service Household debt is once again on the rise ($11.52 trillion) and is not that far behind the Q3 2008 peak! Most Americans are very aware of what they owe to someone else whether it be for a mortgage, a car loan, student loans, credit cards or very possibly for all four […]