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Sphinx Cat

Who let the cats out? Russia did.

Aug 28, 2014
Russia is lending cats out to people taking out mortgages because of Russian lore.
Posted In: Russia, Mortgages, cats

Rising risk in mortgage market

May 27, 2014
A stress test for new mortgages reveals higher chances for a market correction.
Posted In: Housing, Mortgages

How your mortgage is related to the debt ceiling

Feb 12, 2014
...not to mention the Federal Reserve and treasury yields.
Posted In: Treasury bill, mortgage, Mortgages, loans, interest rates, Banks, lending, emerging markets

Why we can't let go of the fixed-rate mortgage

Nov 26, 2013
There's a financial cost to mortgages that stay at the same interest rate for 30 years, but there are also social benefits.
Posted In: Mortgages, interest rates, home buying

Who thought 30-year mortgages were a good thing?

Nov 25, 2013
Lending money for 30 years at a fixed interest rate isn't attractive to banks. So how did 30-year fixed-rate mortgages come to be the standard?
Posted In: Mortgages, interest rates, home buying

What did $13 billion just buy J.P. Morgan?

Nov 19, 2013
Most banks with legal exposure to the financial crisis are dealing with the lawsuits one-by-one. Not J.P. Morgan Chase.
Posted In: financial crisis, Mortgages, settlements, Jamie Dimon, J.P. Morgan Chase

Bank of America and Countrywide's "Hustle"

Oct 23, 2013
A jury in Manahattan found Bank of America guilty of a single count of civil fraud related to defective mortgages sold by Countrywide Financial.
Posted In: Bank of America, Mortgages, Countrywide

Housing is back, so why the mortgage layoffs?

Sep 24, 2013
The S&P Case Shiller home price index indicates that housing prices continue to recover.
Posted In: Banks, Mortgages, refinancing

Mortgage refinance slowdown leads to bank layoffs

Sep 10, 2013
Bank employees face layoffs as the latest refinancing era comes to an end.
Posted In: Mortgages, refinancing, bank layoffs

What will mortgages look like after Fannie and Freddie?

Aug 23, 2013
The government is trying to wind down Fannie Mae and Freddie Mac, which could really change the mortgage picture out there. What can we expect to see if the government-backed companies go private or have a diminished role?
Posted In: Housing, Mortgages, Fannie Mae, Freddie Mac

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