Appraisal Fraud and Industry Standards Described in 2003 Official White Paper-RED FLAGS DESCRIBED IN DETAIL WITH EXCELLENT DIAGRAMS EXPLANATIONS AND DESCRIPTIONS OF BEST PRACTICES

loan_origination_mortgage_fraud_ffiecloan_origination_mortgage_fraud_prevention_response_nelsonRed Flags • Critical loan processing activities, such as  verification of income, employment, or deposit, is delegated to brokers. • Delegated underwriting allowed for correspondents that are new or lack an established track record with the FI [more...]

Date: 2009-01-09 15:33:10

Blog posts (130) | Videos (264)
 

Portugal Sustains

“Art has a function of teaching about the human condition. We live in hope, hope is fundamental” - Manoel de Oliveira Manoel de Oliveira (photo and quote above) is a living example for the Potuguese people of how to force their way out of the low growth/low per capita income trap into which they have steadily stuck their neck [more...]

Date: 2009-01-12 14:37:23

You Know What I Need, or Maybe You Don’t

Last week, hands were wrung and tsks were tsked over the potential $25 billion dollar bailout of GM, Chrysler, and Ford. Sure, directly and indirectly the U.S. auto industry employs about 4.5 million people ... workers! And they’d made some bad decisions, like counting on the financial system not to collapse. How [more...]

Date: 2008-11-24 08:59:58

Sunday Papers 18 Jan 2008

Pushed for time this week, so the Bloggosphere round-up is a little short - I’m off on another real-world assignment to the darkest corners of Asia this coming week, but I’ve left you with plenty to read below, and have scheduled a load of articles to appear each day while I’m away - have fun y’all [more...]

Date: 2009-01-18 06:41:32

Economic and Investing Forecast for 2009: 10 Charts Showing no Economic Rebound in 2009.

Today the ADP National Employment Report stated that private sector jobs fell by a much larger than expected 693,000 in December.  This report stunned on the downside and is a prelude to the Bureau of Labor and Statistics report which comes out on Friday.  The market also suffered its worst one day since early December [more...]

Date: 2009-01-08 08:01:43

A Plan to Be Debt Free in 2009

Considering the current state of the economy, it’s likely a smart thing to try and rid yourself of any excess debt right now ... out your latest credit card statements, auto loan statements, student loan statements, etc ... high interest debt. Mine comes in the form of an auto loan. What about you? Do you have plans [more...]

Date: 2009-01-05 16:10:27

DrumBeat: January 13, 2009

Analysis: Global power demand to languish in 2009 The outlook for energy commodities this year remains grim, says a new report from Merril Lynch. Neither cold winter temperatures in the Northern Hemisphere nor a steep fall in the price of energy have provided much support to the demand for oil, natural gas or coal [more...]

Date: 2009-01-08 01:35:34

Secured Bad Credit Loans Make Sense

Secured bad credit loans were seen with a bit of contempt in times gone by. Now they make complete sense, and we should be glad ... by means of a secured bad credit loan. Now new lending sources are springing up which consider ... speak for themselves. The much higher rates of interest payable on credit cards, auto and retail [more...]

Date: 2009-01-17 00:00:02

Signature Loan (Personal and Fast)

It’s common for our visitors to be looking for a fast personal loan on a signature basis, meaning they have no collateral and good credit ... . If you have bad credit your odds of getting approved for a signature loan are rather dismal these days because the banks are reluctant to approve even good credit applicants. ... Related posts [more...]

Date: 2009-01-16 04:54:09

Obama Urges Congress to Jump-Start U.S. Economy with Tarp Funds

President-elect Barack Obama yesterday (Monday) asked Congress to release the remaining $350 billion in bank bailout money that’s part of the $700 billion Troubled Asset Relief Program (TARP). In a letter addressed to the leadership of both the U.S. Senate and the House of Representatives, top Obama economic aide Lawrence H [more...]

Date: 2009-01-08 01:36:03

Terence Corcoran: Trade risks in auto bailouts

Will Ottawa and Washington be able to resist a return to the old tradition of auto-industry protectionism and a trade war? By Terence Corcoran On the subject of the U.S. auto bailout, Murray Ross of Pleasant Hill ... in the North American auto sector. So far there are no signs Canadian policymakers have plans to duplicate [more...]

Date: 2009-01-06 00:30:00

Portugal Sustains

"Art has a function of teaching about the human condition. We live in hope, hope is fundamental" - Manoel de OliveiraManoel de Oliveira (photo and quote above) is a living example for the Potuguese people of how to force their way out of the low growth/low per capita income trap into which they have steadily stuck their neck [more...]

Date: 2009-01-12 14:35:00

Tips for Financing or Refinancing Your Car Loan

by katie George Always get your financing first before shopping for a car When buying a new car, if you have financing already in place, ... you think you will spend, just in case. The 0% financing trick - 0% financing or cash back rebate? Don’t be fooled by 0% financing, unless your credit is almost perfect, you won’t qualify [more...]

Date: 2009-01-06 09:02:41

Auto Leasing Guide - Vocabulary

Auto leasing has increased in popularity in the last few years and many car buyers are facing the same question over and over: leasing, financing or paying cash. Despite the increased new car sales through leasing programs, many ... - but they are not comfortable with the unfamiliar  language or the entire leasing process.   Credit: [more...]

Date: 2009-01-02 05:00:32

What the hell is wrong with these people?

By BJ We are in the midst of one of the worst financial crisis’s in modern history in large part because of a house of cards built on the prospect ... the availability of auto loans, student loans and credit cards, according to people familiar with the matter ... to investors who want to buy securities backed by credit cards, auto loans and student loans, [more...]

Date: 2008-11-25 17:45:42

First Time Car Loaner: Free Helpful Knowledgebase

If the financial implications worry you and you dream of owning a car, then you still have many options left ... types of loan. And even if you have a bad credit, you can still get a loan from a specialist provider ... ways; - find the right auto financing alternatives for you. - determine a car loans total costs [more...]

Date: 2009-01-16 09:24:48

January 10 2009: Hornswoggled Absquatulation

Russell Lee Tobaccy Candy 1940 Pool hall, Shasta County, California Ilargi: The revolving doors between Washington and Wall Street are swinging like never before. Lawrence Summers and Robert Rubin are the finance powerhouses in the upcoming Obama administration. They were in the exact same place 10 years ago [more...]

Date: 2009-01-10 16:28:00

Asia Economic Crisis: Spotlight on Japan, China, Korea, Vietnam

Decoupling, an idea that never made any sense, is talking another beating. Bad news is coming from multiple places in Asia, with Japan and China leading the way. Let's take a look starting with Japan’s Recession Deepens as Factory Output Plummets.Japan’s recession [more...]

Date: 2008-12-27 08:10:00

Cheap Auto Insurance : Reduction of costs, Attorney, but with maintain protection

individual_ins If you’re the owner of the car, you must be having an auto insurance ... of experts recommend that you to always review insurance policy thoroughly. Apply online for bad credit ... . If you are looking to buy a car, consider buying a car that “looks good” to insurance companies. For instance [more...]

Date: 2009-01-14 02:41:37

Get Professional Advice - First Time Car Loaner

If the financial implications worry you and you dream of owning a car, then you still have many options left ... of loan. And even if you have a bad credit, you can still get a loan from a specialist provider ... ways; - find the right auto financing alternatives for you. - determine a car loans total costs [more...]

Date: 2009-01-16 15:50:00

Blue Hippo computers - The Truth

hippo I listen to the radio in my car while traveling, ... .  I am sure you’ve heard them, Blue Hippo promises a desktop or laptop with no credit check and they even throw in a free digital camera and color printer.  If you have bad credit this sounds like an awesome [more...]

Date: 2008-12-16 11:25:35

Using Good Debt to Pay for a House, Car, or Education

Hello again! Cate here, talking, as usual, about debt. The point of my series here at Queercents is to talk about the dangers of getting into debt ... that will produce concrete benefits to your life. The bad kind of credit card debt that I’ve talked about often ... benefit. I’ve had both kinds: Bad Debt: $5,000 credit card debt from living beyond my [more...]

Date: 2009-01-16 02:45:14

DrumBeat: December 1, 2008

A Shore Thing? Why Offshore Wind Power Will Likely Struggle Offshore wind power is the Holy Grail of renewable energy: It’s clean, abundant, and out of sight. Now that energy security is meshing with environmental concerns inside the White House, is offshore wind power ready to come of age? [more...]

Date: 2008-12-01 13:48:47

Fear and Loathing in Detroit

Fear and Loathing in Detroit Posted by Guest Poster Published: December 8, 2008 - 7: ... as the auctioneer); Bad Loan Department (no explanation required) and Workout and Restructuring Group ... who had seen more than his share of bad loans and dumb business decisions. This fellow was an anomaly [more...]

Date: 2008-12-09 00:27:43

Clownish Rachel Maddow Rewrites History of Great Depression, Reinforces Liberal Creation Myth

Must have been that full moon. Or "fool full moon" as Rachel Maddow stumbled in referring to it ... in the week and warning congressional Republicans that if the GOP blocks the auto bailout ... at MSNBC know enough history to refute her assertions -- That's a bad thing! Hoover is a political [more...]

Date: 2008-12-15 19:13:50

A brief history of the beginnings of the Ford Motor CompanyWhy now? ... coming today from news outlets when:Government Loans Chrysler $1.5 Billion to Get Credit Moving ... and Chrysler CEO’s would you leave your private jets for sale in DC and drive home from Washington [more...]

Date: 2009-01-17 10:01:11

Best Auto Loan - Tips for Avoiding an Upside Down Loan

If you are new to the car buying process, the likelihood of acquiring a bad auto loan is high. For this matter, car buyers must familiarize themselves with how the financing process works ... than it’s worth. If possible, limit loan terms to 60 months or less. For a list of reputable auto [more...]

Date: 2009-01-17 06:47:20

Does Penny-Pinching Encourage Economic Decline?

About the author: This is a guest post by Carson Brackney, writer for Personal Finance Analyst. Personal Finance Analyst is an online community of bloggers dedicated to taking the mystery out of money and helping you to live a happier, more successful life with the money you have [more...]

Date: 2008-11-29 14:00:07

DrumBeat: December 22, 2008

Pemex Oil Output Falls 6.5% to 2.711 Million Barrels a Day (Bloomberg) -- Petroleos Mexicanos, the state-owned oil company, said crude oil output fell 6.5 percent in November from the year-earlier period as production at its Cantarell field declined at a faster-than-expected rate. Production dropped to 2.711 million barrels a day, from 2 [more...]

Date: 2008-12-22 14:01:59

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

Economic Brink Shapes 2009 HPI Power 50

By BRIAN A. HOWEY in Indianapolis and MARK SCHOEFF JR ... . The total credit market debt as a share of the U.S. gross domestic product stood at 176 percent in October ... last summer and the fissures of Wall Street swept Main Street credit into the gutter, Indiana saw cascading [more...]

Date: 2009-01-10 12:14:21

How "Something For Nothing" Ideas Become Policy

Leaders all over the world are now in an Undeniable Shift to Keynes even though every such attempt in history has failed. Please consider the madness:The sudden resurgence of Keynesian policy is a stunning reversal of the orthodoxy of the past several decades, [more...]

Date: 2009-01-02 08:49:00

DrumBeat: January 17, 2009

Recession drills deep into oil and gas: Industry in crisis Job cuts have been the dominant theme in British business over the past three months ... in the North Sea in recent years and provide a much-needed windfall for Wendel. The firm saw its credit [more...]

Date: 2009-01-17 14:50:47

Trepidation About Quantitative Easing, Version 2.0

The Fed made official its move to quantitative easing today, and said it will take no prisoners until it has lowered rates and credit spreads further ... Securities Loan Facility to facilitate the extension of credit to households and small businesses [more...]

Date: 2008-12-17 10:28:49

Free Time Proven Hints - Business Loans

Try to remember: depending on your past track record getting an online small business loan can be next to impossible ... with just one Bad Credit Secured Loan. If you are suffering of a bad credit history bad credit secured loan is a smart solution for you. With a bad credit history you tend to become quite a prey [more...]

Date: 2009-01-18 07:40:36

Blame the bailouts on Mr. Rogers???

Guest blogged by Dan I miss the "Outrageous Quote of the Week". I admit that I was never certain if an honest, but truly ignorant quote, was more outrageous than one that was just mean-spirited. Elizabeth MacDonald lets us have both. Ignorant and Mean-spirited. Blame the Bailouts on Mister Rogers? [more...]

Date: 2008-12-19 15:21:57

CDS Money 'Waiting Around' For Auto Rescue Closure?

A: For anyone late to the credit crisis party, or I should say funeral, credit default swaps (CDS) have played a large role in the shadow banking system taking this crisis from bad to worse ... a large role in not allowing Bear to fail. When AIG, a large issuer of credit default swaps on the other [more...]

Date: 2008-12-14 17:03:42

180th Carnival of Personal Finance

Hi and welcome to the 180th Carnival of Personal Finance.  This is my first time hosting the Carnival of Personal Finance and I’m excited to do so!    If you are interested in hosting or submitting to the Carnival please check out the website. My name is LAL and I’m a twenty-something DINK writing about my journey to one day live large [more...]

Date: 2008-11-24 14:05:11

Simple Ways to Keep More of Your Money in 2009

This is a guest post from Trisha Wagner. Please take a minute to check out her bio at the end of this article ... . Raise your insurance deductibles - This tip is fairly straight forward—raise your deductibles on your auto and home owners insurance and see a reduction [more...]

Date: 2009-01-08 09:00:36

DHS City Council January 6 - AIPP Is Approved

Tonight's city council meeting began with Police Chief Pat Williams introducing the new Community Service Officer Tom Pettinger, who you see here: After that was the pinning and swearing in of new police officer Paul Tapia, who has worked with the police in Colton, Huntington Park and Anaheim [more...]

Date: 2009-01-07 09:51:32

Car Loans

Like all sophisticates, ... a great job of detailing how the car loan business looked amidst the general credit madness: Here’ ... the financing, often because they advertise lower rates than banks. That’s when the scam starts. Many car [more...]

Date: 2008-12-22 18:56:16

Words from the (investment) wise for the week that was (January 12 – 18, 2009)

Investor sentiment around the globe was negatively impacted during 2009’s second full week of trading as a barrage of bleak economic and corporate ... to multi-year lows amid growing concerns that they will battle to cope with increasing credit losses [more...]

Date: 2009-01-18 08:31:29

Auto Sales Plunge To Lowest Level Since 1982

MarketWatch is reporting Automakers post steep sales declines. Here are some of the highlights from the report.Ford, Lincoln and Mercury combined car sales fell 31.5% to 37,272 units. Ford truck sales slumped 29% to 81,546 units with sales of the flagship F-Series pickup down 18.6% to 37,911. Volvo sales tumbled 46.5% to 4,404 vehicles [more...]

Date: 2008-12-03 05:02:00

Words from the (investment) wise 12.15.08

Words from the (investment) wise for the week that was (December 8 - 12, 2008) ... that liquidity was still being hoarded. (Also see my “Credit Crisis Watch“.) 13-dec-v1.jpg Source ... of the biggest industrial failure in US history caused a sell-off on global stock markets, a widening of credit [more...]

Date: 2008-12-14 12:42:13

Words from the (investment) wise 12.28.08

Investors spent the holiday-shortened Christmas week in an un-merry mood, digesting more gloomy economic data and taking stock of a tumultuous 2008 ... s exuberance), but also still be battling with the implications of the credit crisis for the global economy [more...]

Date: 2008-12-28 12:31:33

Auto Loans for No Credit People – Finance a Car without any Credit Status

No banks will give loans to the people who don’t have credit score. Such applicants are usually treated as applicants holding bad credit. Auto loans for no credit people helps then to buy an automobile without any hassles. These loans are available easily with the new age money lenders. [more...]

Date: 2009-01-10 16:04:41

The Student Debt Dilemma

mediocre student, so I can understand why I wasn't accepted there; but the other school that rejected me was a huge state school ... . This is too bad, because variable tolling is an excellent public policy. Here’s why: the basic economic [more...]

Date: 2009-01-08 06:59:00

DrumBeat: January 6, 2009

The Costly Compromises of Oil From Sand OTTAWA — A major source of oil for the United States must now confront another problem: its carbon footprint. Canada, in large part because of the production capacity of its oil sands, is now the largest oil supplier to the United States [more...]

Date: 2009-01-06 13:47:30

Where To Find The Best Rates For Home And Auto Insurance?

As part of a new feature called Ask the M-Network, a reader submitted a question asking about where to find the best rates for home and auto insurance.  The question was from Steve, and he wrote: I’ll be the first to ask a question. Can you recommend a good site on the internet to have my current insurance: home and auto evaluated [more...]

Date: 2009-01-15 00:02:08

Posts about Mortgage Market Report as of January 14, 2009

Flagstar Bank 12 to 14 month Promo CD Rate - monitorbankrates ... Bank $100 Checking Offer Roth IRA vs Tradtional IRA CD Ladder Calculator Imperial Capital Bank’ ... Online Banking Getting a Copy of Your Credit Report Islamabad An overview of housing in Pakistan [more...]

Date: 2009-01-14 12:23:49

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