It’s official - the world is ending. Just kidding, but financial reports have one executive after another echoing reports of a credit crunch, irresponsible lending, real estate bubbles, and other such fire and brimstone. Personally, I’m still not worried - I’m in it for the long-term and I have no ARMs resetting anytime soon…caveat - […]

From what I can tell, the mainstream U.S. press seems absolutely determined to write about the “mortgage catastrophe” that’s “about to hit” the U.S. borrowing scene. It’s one part frightening, one part obnoxious and one part amusing - the reporting, that is, not the pending world destruction that shall result from past subprime lending mistakes. […]

A fixed income specialist at Leham Brothers has warned that subprime lending problems could cause ripple effects throughout the housing market - more news that homeowners and real estate investors certainly don’t want to hear. According to a Yahoo! news article:
There is not enough evidence to indicate such a scenario is taking place, but the […]