| Blue Chip News: BWR Begins Tracking SunTrust Banks Inc.
Coca-Cola, fast cars, and SunTrust Banks -- this Sun Belt financial holding company is southern to its core. Its eponymous flagship subsidiary SunTrust Bank operates approximately 1,600 bank branches across an arc of southeastern states, including Alabama, the Carolinas, Florida, Georgia, Maryland, Tennessee, and Virginia, plus Washington, DC. The bank's offerings include retail and commercial banking, as well as trust services, credit cards, mortgage banking, mutual funds, insurance, lease financing, asset management, and securities underwriting and dealing. Shares were down 2% announcing plans to release first quarter results. BellwetherReport.com is a leading online research firm for international investors looking to get an edge over their portfolio. Investors seeking the most up to date information on SunTrust Banks Inc.
Mortgage Troubles Killing 'American Dream' Of Home Ownership
That may sound at odds with a bedrock notion of society promoted by presidents for decades, but many experts say it is a message that can be drawn from the rising troubles with mortgages provided to home buyers with weak credit. Several large mortgage companies have stopped making new loans, and others have tightened lending standards. Hundreds of thousands of families who bought houses in the last two years - using loans with low teaser interest rates and no down payments - are now losing them. Their short tenure as homeowners calls into question whether the nation's long drive to increase homeownership - pushed by both public policy and financial innovations - has overstepped some boundary of demographic and economic sense. .
A mortgage is 'good' debt for those who get the right one
All debt is not created equal. While financial advisers almost reflexively urge consumers to avoid carrying credit-card balances from month to month and to go easy on boat loans, car loans and other forms of debt, they usually make an exception for a mortgage to buy your home. A home mortgage is one of the best uses of credit.
The fundamental reasoning is simple: Although you can save your money and pay for clothes, cars and maybe even a college degree with cash, few people could ever hope to save enough to buy a home for cash, especially during their child-rearing years when they have the greatest need. A mortgage allows you to buy a home after having saved a relatively small amount of its value, perhaps 5 percent or less, and to reap the financial gains as the home's value grows over the years.
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