Article Exchange

Why Credit Scores Shouldn't Be Part of QRM

A minimum credit score would not cap or regulate risk, or even measure it consistently. Instead it would ensure that the risk floor for QRMs would actually fluctuate.

Crystal Cathedral gives founder board vote again

"The Crystal Cathedral megachurch has restored the voting rights of its founder, the Rev. Robert H. Schuller, on the church's governing board." Read more here.

The Broke and the Beautiful: Vegas Edition

"This week on The Broke and the Beautiful, Beso’s back in the news and football players are fumbling. Also, actor Tobey Maguire may need to ramp up his Spidey senses for next year’s poker-lawsuit trial." Read more here.

Madoff, Borders, Lehman, Giordano’s, Spansion: Bankruptcy

Nice summary of bankruptcy current events: read it here.

A Professional Lender's Perspective on the Debt-Ceiling Crisis

If I came across a borrower who is deep in debt and whose obligations exceed their income and yet continues to borrow to service those obligations, I would not consider them a good risk.

The Broke and the Beautiful: Vegas Edition