sign in • sign up
web | myLot | discussions | blogs | news | photos
homeinterestsdiscussionsblogsnewsmessages friendsphotosearningsmyLot

Solving the UK Credit Crunch ... email this discussion to a friend?

myLot reputation of 99/100. violetdreams (286)   ranked 576 out of 10,910 in questions & answers3 months ago

Today on the news (in the UK) I heard part of a report that the USA had done something to help sort out the current credit crunch - apparently it is now over - really?

I didn't hear the whole report and haven't heard anything about it since. So, I was wondering does anybody know more about what has been done in the US to try to halt this global problem that we are all facing? I think it may be something to do with mortgages ...?

Please let me know more details if you have them. Do you think this will work? Will we all start to see things easing off a bit now?

Violetdreams

 
 
questions & answers
sponsors
finance mortgage
Find Mortgage Companies, Brokers& Agents serving your area.
Mortgages.YellowPages.com

Yahoo! Finance: Mortgages
Mortgage& Home Loan Information. Advice - How To Buy or Sell A House.
finance.yahoo.com

Looking for a home Mortgage?
All Money Tips will help you get the best mortgage program.
allmoneytips.com/home-mortgage

User has not selected a best response.
tags:  finance, credit crunch, mortgages, help the credit crunch
 
1. myLot reputation of 27/100. urbandekay (3580)   ranked 1,102 out of 10,910 in questions & answers   3 months ago

No problem for me, I follow that old adage, never a lender nor a borrower be. It is folly to throw your money away making bankers rich.

all the best urban


myLot reputation of 99/100. violetdreams (286)   ranked 576 out of 10,910 in questions & answers  3 months ago

Hey Urban

That makes sense.

I see you are in the UK, have you noticed how everything has gotten more expensive to the point where people are battling to pay the mortgage/rent, gas, electricity, water and food ... never mind all the extras like petrol, insurances, etc...

Personally I think that the title 'Credit Crunch' is perhaps a misnomer since the interest rates seem to have stabalised (for now) so credit isn't really costing much more than it did before ... it's everything else that is causing the problems.

I still don't know what it is that America has done that is supposed to help the situation ... Can't wait to find out - lol.:¬)

Violetdreams


myLot reputation of 27/100. urbandekay (3580)   ranked 1,102 out of 10,910 in questions & answers  3 months ago

Well, a little different for me as I live party outside mainstream society, not that I am a hermit or anything like that but I make much of what I need, including biofuel, collect things and recycle them and don't partake in the credit craze, so I am insulated, to a degree, and don't always notice these changes

all the best urban


myLot reputation of 99/100. violetdreams (286)   ranked 576 out of 10,910 in questions & answers  3 months ago

Wow, now that sounds like a great way to live.

Go well
Violetdreams

finance mortgage Find Mortgage Companies, Brokers & Agents serving your area. Mortgages.YellowPages.com
 
2. myLot reputation of 99/100. jillhill (7260)   ranked 80 out of 10,910 in questions & answers   3 months ago

They bailed out Freddie Mac and FAnnie mae which are the two biggest mortgage holders in the US....how that effects other countries I am not sure....


myLot reputation of 99/100. violetdreams (286)   ranked 576 out of 10,910 in questions & answers  3 months ago

Thanks Jill

I'm not sure how it will make a difference either, guess we will have to wait and see...

Let hope it helps us all out.

Violetdreams

Yahoo! Finance: Mortgages Mortgage & Home Loan Information. Advice - How To Buy or Sell A House. finance.yahoo.com
 
sponsors
Save on Your Mortgage
Mortgage lender offers for online home purchase loan quotes.
www.findloanlenders.com

credit first mortgages
A Dedicated Resource To credit first mortgages.
1StMortgage.iAdd.net

mortgage financing
A complete website dedicated to mortgage financing.
BadCreditsMortgages.info

similar discussions
UK Government plans to stop mortgage repossessions - will they work?
In the last couple of weeks and repeated in the Queens speech earlier this week, the UK Government...
Financial Bind
The credit industry and our "got to have it now" attitude has just about bankrupted our nation. I,...
Who is resposisble for starting the housing mess with the high risk loans?
I am curious who is responsible for this housing mess. Of course the Democrats blame the...
What is the last book you read?
What is the last book your read? Who is written?
how much did you lose in the share market?
i have lost close to $2000 in the recent financial crisis, and i feel really measerabel for making...
what do you think about the current economical condition of world???
friends Here is one another topic for you all? what do you think about the economical condition...
sponsors
Save on Your Mortgage
Mortgage lender offers for online home purchase loan quotes.
www.findloanlenders.com
credit first mortgages
A Dedicated Resource To credit first mortgages.
1StMortgage.iAdd.net
mortgage financing
A complete website dedicated to mortgage financing.
BadCreditsMortgages.info
Cash 4 Owner Financed Mortgage Notes
We pay the absolute maximum lump sum in Cash for seller-financed first-position Mortgage Notes in the USA. We are fast, fair, friendly, and specialize in quick, confidential closings.
www.cash4contracts.com
mortgage financing Auto Facility Real Estate Loans
We're the Lender. We make the Decisions $1M - $5M Call (949) 701-7127.
www.caseychow.com/auto
Low Mortgage Rates
Lending programs for all credit situations. Apply online today.
1800-HomeMortgage.com