Nontraditional Loans and Barney Frank

Banks Housing

            Pearl River      As it becomes harder to get loans to buy homes, borrowers are increasingly looking for alternatives, including non-traditional, unguaranteed, noncomforming mortgages.  The Wall Street Journal notes that in 2025, such loan originations rose from less than 1% in 2020 to almost 6% of total mortgages in 2025.  Should we worry?  Maybe, they …

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Capping Credit Cards at Ten Percent

Banks Trump

            Pearl River      President Trump is flailing as he tries to convince Americans that he is finally doing something about the economy and the issue of “affordability” that has become huge for Democrats.  As he grabs at different straws, like suspending garnishments for student loan defaulters or blocking Wall Street’s avaricious pursuit of tens of …

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