Home Mortgage Meltdown, Credit Crunch

Author: admin  //  Category: Home Mortgage Loan
RealEstateTalk asked:


Federal Reserve injected $38 billion into credit markets on August 10, 2007 to ease panic in a jumpy week on Wall Street.

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12 Responses to “Home Mortgage Meltdown, Credit Crunch”

  1. mannyfeseha Says:

    thehelpfund.blogspot

  2. ally008 Says:

    Good post, check out the-crunch com for more credit crunch and house price news. Also forums and more related videos.

  3. snaxs2000 Says:

    gambling is fools game.

  4. cuddleyd Says:

    its all a big poker game some you win some you lose

  5. MrWolf666 Says:

    can’t afford it - losing value - a loss…sad

  6. dink65 Says:

    Yes he is, but at least he has some skin in the game since he said he’s putting 20% down. He’ll lose all that equity pretty quickly though since prices in that area need to (AND WILL) fall 50%.

    The misconception that it’s now a “good time to buy” is total hogwash. This decline has only just started……

  7. dink65 Says:

    Yes! And it’s necessary!

  8. cuddleyd Says:

    another wall st crash coming? (hope not)

  9. cuddleyd Says:

    the man buying a home he cant afford is a fool

  10. MrWolf666 Says:

    that man buying a home is a fool

  11. DangerousCombination Says:

    Bank Runs will be more common, take your money out now, while you still can. This global credit crisis will hit every Bank. Government guarantees on banks could take 6 months to 2 years to retrieve your money. Australian banks don’t guarantee deposits, only that depositors will have first claim to bank assets. Most countries have limits on guarantees, USA it’s 100K per PERSON (even if you have multiple accounts across different banks).

  12. TYX91101 Says:

    38 Billion Dollars! All due for repayment in 14 days. Now doesn’t that make you feel secure?