Subprime Loans

How Wall Street is Ruining America: More Than a Slap on the Wrist, Socialize Lending?

By Candy Evans / July 19, 2012 /

We’ve been hearing a lot about the Libor scandal lately, and as I’m sure most of you know, the LIBOR rate affects many home mortgages. The London Interbank Offered Rate, or LIBOR, is a benchmark interest rate on which a whole lot of loans and financing is based. The scandel, which started in good ole’ London, is…

How Washington, D.C. and the Banking Industry is Killing the Housing Market, Part II: Dodd Frank Gone Rogue

By Candy Evans / September 19, 2011 /

I hate Dodd-Frank. It’s a good idea gone rogue. And if you value the ability of qualified people to buy real estate without having to place 20% to 50% as a down payment, you should hate it, too. Dodd-Frank is like nuking an entire apartment complex to get rid of bedbugs in one small 300 square foot…