How The Securitization Of Mortgages Impacts The Average Citizen

Trace: Welcome back to the Runtogold.com Podcast. I have with us Aaron Krowne, who operates ML-implode.com, the Mortgage-Lender-Implode-o’ Meter. Welcome, Aaron!

Aaron: Hey Trace, good to talk to you again.

Trace: Live from DC, it sounds like. So, we were talking about a little bit before the show about this foreclosure gig and . . . → Read More: How The Securitization Of Mortgages Impacts The Average Citizen

Income Tax Cuts, Unemployment Benefits, and Social Security Relief

A deal appears near with President Barack Obama and congressional leaders. The pending bill will essentially give U.S. taxpayers a pay raise which will in turn pump money into the recovering economy almost immediately. The deal will also boost the creation of hundreds of thousands of jobs over the next two years.

The big . . . → Read More: Income Tax Cuts, Unemployment Benefits, and Social Security Relief

Economic Events on December 8, 2010

The Mortgage Bankers’ Association purchase index was released at 7:00 AM EST, and there was a week to week increase of 1.8% in the Purchase Index and a week to week decrease of 1.4% in the Refinance Index as interest rates continued to move up from near record lows.

At 10:00 AM EST, the . . . → Read More: Economic Events on December 8, 2010