2nd Mortgage Rate
2nd Mortgage Rate August 12th, 2008 Subscribe To Our Feed Do you own a home? ... . Applying for a home equity loan can be quick and painless. Even with bad credit, it may still ... or to purchase a car? Right now, mortgage rates are at the lowest they have been in decades [more...]
Date: 2008-08-12 14:23:58
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TOPWRAP 1-More economic pain seen in 2009, govt’s to pump up aid
Investors said good riddance on Wednesday to one of the worst years on record and prayed that massive government rescue plans will pull the global ... -term as bleak economic reports roll in, signalling more bankruptcies, bad debts and layoffs through ... struggling to pay off mortgages and credit card bills. “It has been a shocking year, hardly anything [more...]
Date: 2008-12-31 05:44:34
One More Legislation to Decrease Foreclosures
The 2nd Democrat of U.S. Senate has presented a law on January 6 in which the judges in bankruptcy would remove a couple of mortgage debts in the ... would erase some house loans as they would do for any types of debts. As what twenty-one state ... , and that the same thing must also apply for residential homes. The national home crisis went from bad to [more...]
Date: 2009-01-09 16:32:18
Foreclosures And The Mortgage Meltdown Continues to Plague America
Foreclosures’ flooding the real estate market following the mortgage meltdown continues to plague America. As the weary year draws to a close 3 ... package aiming to thaw the frozen credit market. Florida passed more stringent laws in its efforts ... . This has prompted a revival in refinancing workouts. Unemployment figures look grim. In Manatee County [more...]
Date: 2009-01-16 14:19:38
Helping to Explain the Bailout Issue to Jittery Clients/Consumers
by: Chris Galler, COO - Minnesota Association of REALTORS Most of the consumers you talk with will not have a good handle - I am not sure anyone does yet - of the nature of the credit problem. In this short article, I hope to give you at least ... and now holds in their portfolio is reported as a bad investment because the value of the asset [more...]
Date: 2008-10-01 17:06:08
Who caused “the biggest financial crisis since the Great Depression?”
Powerline links to a video that answers this question with admirable clarity. I’ll link to the video below ... a premium in order to obtain a mortgage (if they could obtain one at all) because a) they had bad or non ... Not 100% accurate, perhaps–it’s really a credit crisis–but close enough for government work [more...]
Date: 2008-09-29 14:53:25
AEI Subprime IV.3: Roubini Presentation
Here is Housing Doom’s third installment of our unauthorized annotated transcript of the American Enterprise Institute’s September 30, 2008 seminar " ... in terms of output contraction are not going to be as bad as the Great Depression because ... there much more generalized asset bubble and credit bubble in the economy. It was subprime, it was near [more...]
Date: 2008-11-17 07:01:46
Plowing Old Ground: New/Old Economic Outlooks
Welcome back to the New Year. In case you haven't noticed we've taken a bit of a hiatus - partly due to laziness and other workloads but also from a reluctance to put up the economic news, which is unrelievedly bad across the bad. Which doesn't ... that not only is the credit crunch continuing but it's metastasizing into other areas, e.g. consumer [more...]
Date: 2009-01-03 13:37:55
Fannie Mae & Freddie Mac Takeover Imminent?
Better get out of the feed reader and comment, Doctors may have just discovered that staying inside feed readers may cause involuntary voice control ... at Philadelphia International for my 11:30 flight only to find that it had been cancelled (due to bad ... and Freddie Mac as soon as this weekend to protect the secondary mortgage market by taking over [more...]
Date: 2008-09-06 15:10:46
Florida State Investment Pool: no confidence ... by gimleteye
.fullpost{display:inline;}In 2003 Enron collapsed after investors lost confidence through gathering disclosures of off-book accounting transactions-- ... " that are worthless, or virtually worthless, in "bad banks"; allowing their books to reflect only "good assets ... detail--anywhere in the mainstream press): the bank takes its mortgage backed securities [more...]
Date: 2008-12-02 13:52:00
Mortgage Market Week in Review
Well, here we are on Friday again and I’m trying to figure out how to summarize all that’s been happening in the mortgage and financial worlds ... out of wholesale lending. That started a lot of people wondering how bad things were at Wachovia because ... announced that they lost a LOT of money ($8.9 billion to be exact) in the 2nd quarter. But guess [more...]
Date: 2008-07-25 18:47:02
Recap on 2008 Predictions - how accurate was I? 68% Correct - not bad!
I just post my 2009 predictions this week -7 Social Media & Web Analytics Predictions for 2009 and Financial Predictions 2009 ... that information and sharing it in Google Reader - as shared items. Therefore - I’ll give myself partial credit ... it - but it did happen. 2nd PREDICTION - Virtual World Platforms such as Second Life will continue [more...]
Date: 2008-12-29 08:13:42
One Nation, Under Capitalized, With Loan Modifications and Forebearance For All
"Any idiot can face a crisis. It's this day-to-day living that wears you out." - Anton Chekov Our national psyche has been more thoroughly revealed over the past year or so, and it has been interesting to learn more about us. Before 2007, I was only vaguely aware of the term "schadenfreude", and I certainly didn't know how to spell it [more...]
Date: 2008-12-06 08:26:55
Gates of Vienna News Feed 1/8/2009
The latest word is that an agreement with Russia has been reached, and the flow through the gas pipeline will resume.Also, look for the storming of the Israeli consulate in Montreal, as well as other Gaza-inspired violence around the world.Thanks to AA, Abu Elvis, Insubria, JD, Tuan Jim, Vlad Tepes, and all the other tipsters who sent these in [more...]
Date: 2009-01-09 04:49:00
New York City Bankruptcy Lawyer amp; Attorneys - Chapter 7
div style=’float: right; width: 100px; padding: 5px; margin: 5px; background-color: #FFFFCC;’font size=1font color=’#cc0000′bTip! ... include child support, taxes, student loans etc./ppOne bad aspect of filing for personal bankruptcy is that it will stay on your credit report for ten years. Obviously, this makes applying for new [more...]
Date: 2009-01-11 16:15:36
Global Economy Melts & Takes Focus Away From Foreclosure Debacle
It’s soooooo old news, isn’t it? I mean, all that stuff about people not being able to pay their mortgages and the rising population of those ... , they are not. Backers of the bailout say that by buying up bad mortgages and mortgage related ... market drops for 2nd, 3rd, 4th, 5th………day . Another bank wants to buy another bank. The Feds want [more...]
Date: 2008-10-08 15:00:01
DrumBeat: September 18, 2008
Refilling fuel tanks after Ike to take weeks HOUSTON (Reuters) - Oil refiners and producers on Thursday rushed to restore Gulf of Mexico production following Hurricane Ike, but energy traders and analysts warned it will take several more weeks to refill U.S. fuel inventories, increasing the risk of shortages [more...]
Date: 2008-09-18 13:19:59
COLUMNISTS CALL FOR TAXPAYER REVOLT - WANT MORE SOCIALISM By: Devvy
December 4, 2008 © 2008 - NewsWithViews.com Back in September, I happened upon a column titled ‘Time for a Taxpayer Revolt.’ As I began to read the column, I thought, “This is good.” The two authors were outlining the disaster of the so-called “bail outs” underway [more...]
Date: 2008-12-04 13:01:57
Viking Global. Global macro funds seek to find investments in whatever market they can gain an edge, whether it be equities, bonds, currencies, debt, commodities, and more. So, keep in mind that these equity positions only represent a portion of the fund's overall holdings [more...]
Date: 2008-12-08 14:01:00
Why Credit Cards Matter So Much
Why Credit Cards Matter So Much Sharon December 2nd, 2008 Yesterday put the nail in the coffin of a move from recession (small “r”) ... -largest merchant vendor on credit cards - that is, people are now buying their Big Macs on plastic - in part because they don’t have the cash. Credit card balances have risen enormously in the last few [more...]
Date: 2008-12-02 19:29:36
Stop Your Credit Addiction! Who Quit Problogging? @ The Roundup
Personal Finance Reads Five Cent Nickel: If you think about it carefully, there are parallels between fitness and finance ... . No Credit Needed: You can do it! You can break your addiction to credit, and this piece right here explains ... . Additional Readings How to use Debt to Improve Your Credit @ Rich Credit Debt Loan Don’t Throw Away [more...]
Date: 2008-06-08 15:20:10
Commercial real estate mortgage rates
Even if finance techniques relating to long-term business might seem appropriate in several circumstances, ... to be cheaper by producing enhanced credit card processing as well as commercial mortgage results ... , along with loan programs on the commercial basis. Commercial real estate mortgage rates need [more...]
Date: 2009-01-07 00:42:46
How Would You Grade Your Money Management Skills?
Here’s why we should teach money management and personal finance in schools. I don’t think it’s a stretch to say that most people would be happy to see personal finance being taught in schools. I’ve wondered if the bottom-line is ironically….money. Perhaps schools don’t have enough money in their budget to teach it [more...]
Date: 2008-08-04 17:08:16
I give in.
I do not like the person I am right now.On Monday, after I went to my first ever kickboxng class, ... is in MY name. The house mortgage is in MY name. The Home Depot fucking credit card is in MY name ... for me.Um, HELL no.I flipped. I've had to get a 2nd fucking job in order to help pay down the debt [more...]
Date: 2008-12-17 14:36:00
Economic Harbingers
U.S. auto sales fell 36% in December, the 4th consecutive month that sales failed to exceed 1,000,000 vehicles. For the year, U.S ... rate had dropped to below 0% in recent years. This is the proverbial good news, bad news scenario. Good news - we are paying off personal debt like no other time in history. Bad news - spending [more...]
Date: 2009-01-06 16:48:17
Gates of Vienna News Feed 11/10/2008
You’ll notice several stories in tonight’s news about close ties being forged between Italy and both Libya and Turkey. The Berlusconi government cracks down on immigrants at home, but is promoting a strong Mediterranean policy in its external relations.There are too many Obama stories to take note of [more...]
Date: 2008-11-11 04:48:00
2008 - IV
October came, and, being the last month of university, I expected a very busy month of assignments. What I got was beyond my anticipation - a lot of work, a lot of rushing, and a lot of headaches. I had to write well over 20,000 words of assignments, one finishing up being 60 pages due on the same day as one that ended up being 50 pages [more...]
Date: 2009-01-09 13:09:13
MBIA DESERVES to Go Belly Up
"DESERVES to go belly up" seems to be our latest new series, but its not. Instead, this is the 2nd -- and hopefully last -- example of a lousy company whose value has been greatly diminished by poor management threatening or actually suing an analyst/fund manger/critic [more...]
Date: 2008-08-11 16:32:52
Alaska Senate: Count the Votes!
Alaska Senate: Count the Votes! Sen. Ted Stevens of Alaska and his supporters watch vote results showing the Republican ahead of his opponent on election night. Photo by By Johnny Wagner -- Getty Images UPDATE, 8:22 pm: In a remarkable turn of events, Democrat Mark Begich has surged into a three-vote (!) lead over Republican Sen [more...]
Date: 2008-11-13 01:22:00
A Tax Holiday
An alternative to all of the bad business bailouts has been proposed by Rep. Louie Gohmert of Texas ... provide a $1500 tax credit for any family with an income of less than $250,000 who purchased a car ... from year to year, but we've never come close to not being eligible for the tax credit in the first [more...]
Date: 2008-12-06 05:17:31
Why We Should 'Point Fingers' and 'Look Backwards'
January 13, 2009, 9:15 a.m.Breaking news (1030 CT): New FCC Chair to be Julius Genachowski (a choice I would generally support) ... has compiled 87 pages of names, dates, places and details of our downward spiral. Jason Cox, "Credit ... , and is well worth perusal by anyone seriously interested in "credit crisis" issues.There is much [more...]
Date: 2009-01-13 12:32:00
Paulson Throws the Markets a Curve
Paulson throws the markets a curve… Goldman says to buy the yen… RBA intervenes to protect the AUD$… China provides support to commodities… And ... to buy troubled mortgage assets and is moving his attention to non-banks and consumer finance. And… in a striking admission, Paulson said that buying mortgage assets “is not the most effective way” [more...]
Date: 2008-11-13 16:24:55
DD’s Monthly Expenses - December 2008
I for one am glad the holidays are over. I am having a very hard time getting back into the swing of things ... : $830.00 - Mortgage $749.70 - Household Misc/Gifts $ looking-for-groceries 639.00 - Daycare $494.34 ... it didn’t feel so bad, but now that it’s January, I wish this was closer to $500. $494.34 - Groceries [more...]
Date: 2009-01-07 11:59:00
Reverse Mortgages
Reverse Mortgages Posted by Karen Dorothy, the main character of the movie, The Wizard of Oz, once exclaimed, “There’s no place like home! ... and the bad, come together to form your home. The place you’ve lived, and maybe even raised a family ... to mind is a reverse mortgage. The concept of a reverse mortgage is rather simple: someone pays [more...]
Date: 2009-01-02 21:14:35
Fed's "Tough Guy" Act & Lending Rates
A: Well, it's officially summer but there is nothing hot about the markets these days ... this credit crisis began, except now its finally here. I mean, the bond insurers' saga took weeks of front lines in January, and now its actually here inflicting it's pain. The credit crunch has way [more...]
Date: 2008-06-23 15:28:49
AEI Subprime IV.4: Zimmerman Presentation
Here is Housing Doom’s fourth installment of our unauthorized annotated transcript of the American Enterprise Institute’s September 30, 2008 seminar "The Deflating Mortgage and Housing Bubble, Part IV: Where Is the Bottom?" This is the presentation by Tom Zimmerman. He makes use of an extensive slide deck. [more...]
Date: 2008-11-22 07:01:39
READING ROVE’S REALLY RAMPANT REVISIONISM, REACTING
The former presidential adviser, in the Wall Street Journal this past week: ... entities that facilitate bad actors and lousy practices.” Barry Ritholtz of the economic blog The Big Picture on the last sentence of the 2nd paragraph above: “Wrong. Fannie and Freddie were cogs [more...]
Date: 2009-01-10 17:32:02
Fixing Housing & Finance: 30/20/10 Proposal
A Modest Proposal: The housing crisis worsened over the summer of 2008, prompting Congress to debate various bailout proposals ... to the credit crisis. The bankruptcy of Lehman Brothers and the nationalization of AIG were the results ... or administrative or budgetary review. It is fraught with moral hazard, rewarding bad judgment [more...]
Date: 2008-09-22 11:30:25
second mortgage with bad credit
An important point to bear in mind is that with a simple plan and clear some clear action getting a superb second mortgage with bad credit is not a ... not approve the request for a second mortgage with bad credit. In this case, homeowners would need ... to their low credit rating, they may have the opportunity to refinance the 2nd mortgage, and obtain [more...]
Date: 2009-01-14 10:26:35
best second mortgage loan
The idea of refinancing your second mortgage is undoubtedly attractive – if you can pay off your present 2nd mortgage by obtaining another with ... ? If so, then refinancing makes sense. Use the best second mortgage loan to your credit advantage. It can be an easy ... second mortgage loan. If you have bad credit it is likely that rates and fees will be [more...]
Date: 2009-01-14 04:56:59
Former NAR Economist David Lereah is a Jackass
Alternative Title: David Lereah: Even More Full of Shit Than Previously Believed > Of all the various parties who contributed to the boom and bust in housing and credit, none ... to corrupt appraisers and mortgage brokers. They constantly cheerleaded prices, despite evidence [more...]
Date: 2009-01-06 11:45:02
Confusing Consumption With Investment
People are now waking up to the fact that what that real estate investment guru was pitching at the seminar wasn’t necessarily an "investment": ... credit report Mortgage for people with bad credit Credit card machine to buy Free credit report ... home loan rate refinance Bad credit home improvement loan Bad credit personal loan 1 Home interest [more...]
Date: 2008-06-24 14:10:35
Joe Sixpack and the Subprime Crisis
The Subprime Crisis is a broken promise to Joe “Sixpack”. One Day in early 2006, Joe was feeling pretty darned good about himself. He was making $65,000 a year at a job he held for over 6 years. He had $30,000 saved up in the bank. He had no credit card debt. He owned his car free and clear. He looked at his pregnant wife [more...]
Date: 2008-10-11 20:31:04
AEI Subprime IV.5: Whalen Presentation
Here is Housing Doom’s fifth installment of our unauthorized annotated transcript of the American Enterprise Institute’s October 30, 2008 seminar "The Deflating Mortgage and Housing Bubble, Part IV: Where Is the Bottom?" This is the presentation by Chris Whalen. He makes use of a slide deck. Here is the official transcript [more...]
Date: 2008-12-02 07:01:48
138 Obama Lies, Mistruths or Inconsistencies
Out of the 1,500 posts on this website since Election Day 2007, 138 related to the Obama Campaign and some lie, slight of hands or some truth that contradicted his campaign position. Just think if it has been so easy for him to make these 138 Lies, Mistruths or Inconsistencies just think how easy it will be for him to lie about his policies if [more...]
Date: 2008-11-04 03:27:23
Current FHA Mortgage Rates
From the beginning in 1934, FHA has helped almost 35 million homeowners, making it the biggest insurer of mortgages in the world ... payment mortgage program, and also for those that need a bad credit mortgage. FHA mortgages can help ... enable FHA mortgage loans to be a safe option for more underserved low-and moderate-income [more...]
Date: 2008-12-09 04:51:46
We’ve Only Just Begun
We’ve Only Just Begun—The Carpenters ... . If a family wants to own a home for stability and security because they have small children ... are paying an hefty price for their own bad timing. Look at what a difference a few years makes. Let [more...]
Date: 2009-01-15 13:32:01
Free HPK (High Paying Keywords) for AdSense
Googling for the topic of this post can have you looking through subscription and pay sites all day - but we managed to find an actual free list of ... $53.68 bad credit equity loan $53.38 abdominal mesothelioma $52.99 cash settlement $52.98 student loan ... school loan consolidation $76.54 college loan consolidation $74.93 car insurance quotes $74.78 aut [more...]
Date: 2009-01-06 13:12:02
An introduction to second mortgage interest rates
Today, there are many competitors in the mortgage business, and predictably there are also so many offers for the borrowers ... to note is the loan rate. If you have bad credit, you may expect a higher interest rate ... . One of the best things you can do to protect your credit and your home is to compare interest rates for 2nd [more...]
Date: 2009-01-14 09:55:22
Investing in Second Trust Deeds
From an email: I've been enjoying your blog posts on mortgages ... on trading. Anyways, the newsletter talks about buying 2nd mortgage notes as an investment ... , and overextended borrowers, I suspect that the market for 2nd notes will be heating up over the next [more...]
Date: 2008-09-06 07:39:38
