Quit Blaming Democrats or Obama for Economic Meltdown

By Rowan Wolf Republicans and the "right" have been yelling that the mortgage crisis which toppled the economic house of shaky cards is the fault ... often inappropriate for buyers with bad credit. -Banks would have been required to increase efforts ... guidelines for banks writing risky loans. Today, in the midst of the worst housing recession [more...]

Date: 2008-12-01 15:57:31

Blog posts (113) | Videos (158)
 

Getting More for Less with Bad Credit Cards

By now everyone knows that the economy is close to collapse.  Banks and lending institutions are the most responsible for the mess ... even to those who don’t.  Credit card, personal loans, payday advances, and mortgages were readily available to people with bad credit. The downside of this easy credit is that common sense evaporated [more...]

Date: 2008-10-29 16:22:57

OBAMA’S ‘ORGANIZER’ BUDS PUSHED FOR BAD MORTGAGES

O’S DANGEROUS PALS By STANLEY KURTZ, NY POST Chutzpah: ACORN’s drive to lower mortgage standards paved the way for the meltdown - yet last week, ... banks into making high-risk loans to customers with poor credit. In the name of fairness ... the US economy by pushing the banking system into a sinkhole of bad loans. And Obama has spent years [more...]

Date: 2008-10-13 03:22:59

The Roots of the Financial Crisis

The Roots of the Financial Crisis In the New York Post, ... and Freddie were willing to relax their credit standards as well, local banks would never make home loans to customers with bad credit histories or with too little money for a downpayment. So ACORN's [more...]

Date: 2008-10-13 15:05:32

Debt Consolidation Loans for people with bad credit

Amazon.de Widgets Debt free programs seem to be available everywhere. Banks and financial institutions offer many solutions. Online companies are also gaining in popularity. But spending extra money when already in a money crunch is not always the best solution. Plus, many people simply cannot afford to pay more money that just isn’t there. Fixing the problem may seem daunting, and many people simply choose to ignore the problem, allowing it to worsen even further. Others may not even realize t [more...]

Date: 2009-09-21 14:03:37

Fixing a Global Confidence Crisis

It's been called a crisis of confidence. It started with bad real estate loans and highly leveraged bets on those loans. Now it has frozen credit markets. Banks aren't lending to each other. Businesses can't ... credit, the financial crisis threatens to become a real economic one. And it's global. Welcome [more...]

Date: 2008-10-08 23:12:39

Economic Potpourri December 30, 2008

The barrage of noteworthy economic news continues as we head into the new year ... to buy bad loansJapan's government and central bank are considering a $110 billion scheme to buy bad loans and other financial assets from banks to ease a credit crunch gripping the country's businesses [more...]

Date: 2008-12-31 02:58:00

Do you want to go out and get a kitchen and need money

A bank in Lynchburg Virginia or so may have a total different actual rate of interest for a 17500 dollar deferred payment then a moneylender in ... or if you don’t with the bank that offers you a credit loan. ... of of the merchant banks wil show you a interest rate that looks mediocre but feels bad or so after a period [more...]

Date: 2008-12-02 20:41:43

Some Useful Tips on Securing A Good Value Personal Loan

by katie George Be sure to ask for quotes not only from your current bank or any other nearby, but also from other finance companies, ... to find convenient low-rated unsecured or bad credit loans, the chances of that are very small ... your credit history is, it may be very difficult to find unsecured loans, as most lenders will impose [more...]

Date: 2009-01-03 10:38:27

Some Useful Tips on Securing A Good Value Personal Loan

by katie George Be sure to ask for quotes not only from your current bank or any other nearby, but also from other finance companies, ... to find convenient low-rated unsecured or bad credit loans, the chances of that are very small ... your credit history is, it may be very difficult to find unsecured loans, as most lenders will impose [more...]

Date: 2009-01-04 11:46:48

MORE FINANCIAL BLARNEY FROM OBAMA AND BARNEY

Now that Barney Frank and his Democratic friends have brought down the banking industry by forcing banks to give loans to people who couldn't afford ... . It grew out of charges that banks were "redlining" entire inner-city neighborhoods as bad credit risks ... laws so that Judges could arbitrarily reduce interest AND principal of home loans. Hey I lost [more...]

Date: 2008-10-07 01:18:10

When you should use a credit repair agency.

Credit has become a very important part of peoples live in todays age. If you have bad credit you are familiar with having closed doors to loans, bank cards, credit cards, car financing and mortgages. Now all is not lost and you have the option to start fixing your credit. [more...]

Date: 2009-09-29 18:23:10

When you should use a credit repair agency.

Credit has become a very important part of peoples live in todays age. If you have bad credit you are familiar with having closed doors to loans, bank cards, credit cards, car financing and mortgages. Now all is not lost and you have the option to start fixing your credit. [more...]

Date: 2009-09-29 18:23:10

5 Ways to Save Money on Your Next Vehicle Loan

by Ada Denis Don’t get stuck with a bad car deal. Here are five ways to walk away from an auto dealership and save money on the vehicle loan. 1 ... an application with your personal bank, credit union, finance company, or online auto loan broker ... a shorter loan term, perhaps 36 or 48 months. Several auto lenders offer better rates on short term loans [more...]

Date: 2008-12-09 09:27:49

Brown urges banks to come clean over loans

LONDON (Reuters) - Banks must reveal the true scale of their bad assets to help revive frozen global credit markets, Prime Minister Gordon Brown said on Saturday as officials met bank chiefs to thrash out a new rescue package. See original here: Brown urges banks to come clean over loans [more...]

Date: 2009-01-17 10:55:04

Venture Firms Pull Back, But Not for Long

Venture firms are sounding the alarm over what this current downturn might mean for their portfolio companies — and it’s not pretty ... , all as their personal wealth dwindles and banks decline to offer home equity loans or other lines of credit ... stay on the sidelines? As bad as things are forecast to be, my bet is that they won’t be there for long [more...]

Date: 2008-10-10 04:01:04

Do Politicians Even Know What Free Trade Is Any More?

Here’s President Bush calling for more free trade at the Asia-Pacific Economic Cooperation forum in Peru: Tell me: ... that aren’t responsible about who they loan money to aren’t allowed to fail that bad credit inflates ... What do bank bailouts have to do with free trade? What do auto industry bailouts [more...]

Date: 2008-11-23 06:28:52

Does more debt to beat the debt-crisis make sense?

Order my book online from this link The UK newspapers are full of a new $33 billion government-backed debt facility for small and medium enterprises, while in the UAE credit for SMEs remains very tight and 1,500 people are losing ... with big debts and banks with bad loans. How can providing more loans possibly help? At worst [more...]

Date: 2009-01-15 05:17:25

When you should use a credit repair agency.

Credit has become a very important part of peoples live in todays age. If you have bad credit you are familiar with having closed doors to loans, bank cards, credit cards, car financing and... Writers Wanted: Join Our Blogging Community Today! [more...]

Date: 2009-09-28 18:57:28

Automobile Loans After Bankruptcy

by Thulas Sukati Although some people have enough money to buy a car from savings, ... to be fixed as a bad credit or any error may affect your rate and you may have to pay more interest ... loans like dealers, credit union, bank, or online lender and it is better to shop around first before [more...]

Date: 2008-09-25 21:14:49

Brown orders banks to come clean over loans

LONDON (Reuters) - Banks must reveal the true scale of their bad assets to help revive frozen global credit markets, Prime Minister Gordon Brown said on Saturday as his government thrashed out another … Read more from the original source: Brown orders banks to come clean over loans [more...]

Date: 2009-01-17 06:44:45

Paulson Testimony on Turmoil in U.S. Credit Markets

The following is testimony by Secretary Henry M. Paulson before the Senate Banking Committee today: ... . These bad loans have created a chain reaction and last week our credit markets froze – even ... credit markets that threaten American families’ financial well-being, the viability of businesses both [more...]

Date: 2008-09-23 12:36:34

Up next: Credit card crisis

Feb 29 2008 picture 26 - Bank Of America - doesn't exist anymore, I don't think - transparent credit cards, originally uploaded by s, ... ? Lenders wrote off an estimated $21 billion in bad credit card loans in the first half of 2008 ... . Currently, the total losses amount to 5.5 percent of credit card debt outstanding, and could surpass [more...]

Date: 2008-10-29 14:58:57

Good Banks, Bad Banks

Check out this turn of events: JP Morgan Chase is stepping up to offer $400, ... . The bank’s offer comes on the heels of Bank of America’s pledge to also make a loan to Republic ... its credit. From Reuters: The worker sit-in that began on Friday has become a symbol of Main Street [more...]

Date: 2008-12-10 22:04:02

Bank of America posts loss, gets $20 billion from U.S.

Escalating credit losses drove Bank of America Corp ... with soaring credit losses. Bank of America set aside $8.54 billion for bad loans in the fourth ... sharply from a profit of $215 million, or 5 cents per share, a year ago. BofA cited rising credit [more...]

Date: 2009-01-18 00:32:29

Mortgage Chatter for the last day of July: Covered bonds, Pres. Bush signed the bill - now what?

“People need good lies. There are too many bad ones.” So chimed in Kurt Vonnegut ... . of Colorado. Mercury’s lenders pulled their line of credit after Mercury failed to meet loan requirements ... if the mortgages go bad, the bank must step in to ensure that bond holders get their interest. Put another way [more...]

Date: 2008-07-31 12:19:55

Good News

There's a change, but it didn't come as a complete surprise considering how packed the Keys have been with cars and gasoline around $1.80 a gallon ... and no one wants to kick their neighbors out of the Keys. The bad news is that locals looking for secure ... . Naturally bridge loans and credit extensions aren't available as banks hoard their (taxpayer) [more...]

Date: 2009-01-05 05:00:00

Chinese banks facing risks from bad loans

China’s lenders may have evaded the worst of the global credit crisis so far, but they are facing plenty of risks of their own, economists with credit agency Fitch Ratings said Friday. A larger-than-expected downturn ... , which have boosted lending at the government’s behest, will see an increase in problem loans, said [more...]

Date: 2009-01-16 09:39:30

Citi to hive off India arms after global split

Citi Financial, one of the largest finance companies operating in India, may sport the ‘For Sale’ sign, ... or bad loan ratio in India for its credit card and consumer banking business in India rose to 6.3 ... loss of $8.29 billion. Citi Financial, whose businesses in India span mortgages, personal loans [more...]

Date: 2009-01-17 05:43:13

Advance America Makes for a Great Payday (pfblogs.org)

The credit crisis has been so bad that even banks won't lend to each other ... is in such demand that payday loans always find a way to prosper. The bad press the product gets, and market's ... to unfairly bash: payday loans. These short-term loans have found widespread favor among their users, which [more...]

Date: 2008-10-06 09:51:27

Housing in O.C. beach towns slumps, sales off 28%

Analysis of MDA DataQuick’s November report shows the county’s beach-close communities are clearly being challenged by a credit crunch and a ... rents? 30-year mortgage at 37-year low CA banks drop protection against bad loans Mortgage aid scheme a failure Bad house, car debts mount in O.C. [more...]

Date: 2008-12-22 08:24:51

Monday morning links

#fullpost{display:inline;}TOP STORIESFurther bank aid must include pay limits - ReutersU.S ... to Tolerate More Bad Loans, Relax Credit Rules - BloombergHOUSINGEconomic downturn pounds commercial real ... trading - BBCGM says could seek further U.S. loans - ReutersMARKETS/INVESTINGOil back below $40 - CNN [more...]

Date: 2009-01-12 14:13:00

Is Canada in a Recession?

I know this has nothing to do with travel, but I really have to ask this question: Is Canada in a Recession? Has your daily life changed?  Has your bank called your loan?  Is your credit gone?  Have you lost your house? Yes ... and we are selling it everyday. Is it really as bad as they are saying it is?  There has been a downturn [more...]

Date: 2008-11-27 18:50:03

Bailout Gets More Costly Due to “Bipartisan” Deal; Foolish Limits on Foreclosure Should Be Removed

Liberal Congressional leaders have apparently reached a deal with the Bush Administration on the principal elements of a $700 billion bailout of the ... student loans, car loans, credit card debt and any other ‘troubled’ assets held by banks.” ... .  Although it is being sold as a “bipartisan” — a buzzword often used to push bad policies – Republican [more...]

Date: 2008-09-28 20:34:55

The Democrat Comic Opera

By Alan CarubaThe Democrats have lusted for total power for eight long years since the departure of Bill (the meaning of 'is') ... to throw billions at the credit liquidity problems brought on by Democrat “social justice” programs that actually required banks and lending institutions to make bad loans to people who could not pay [more...]

Date: 2009-01-06 21:54:00

Is Peer To Peer Lending Coming Into It’s Own?

For several years now, the peer-to-peer lending has been gaining traction as a valid way to borrow money without going through a bank via social ... with lower credit scores. Here are some important points to note: Loans made to borrowers with at least a 600+ credit score returned in the 9-10% range on an average annual basis. Not bad. Loans made [more...]

Date: 2008-12-31 18:25:01

UK Advance Bad Cash Credit Loan

by John Lonshot This article looks at the way banks exploit customers with NSF and overdraft fees. It contrasts this with the alternative of using fast online payday loan and proposes ... as certain to incur these fees. The FDIC study reinforces the payday loan industry’s position that short [more...]

Date: 2009-01-14 17:08:03

Banks and Bad Behavior

So far it seems those banks and financial institutions fortunate enough to receive billions of dollars from the government are showing their ... accounting problems, analysts say. The company could be taking the $85 billion line of credit ... , just after getting its loan. The securities industry isn’t the slightest bit apprehensive about doling [more...]

Date: 2008-10-30 13:23:09

How Bad Is It?: Leveraged Loans at Slowest Volume Since 2002

How Bad Is It? is a Deal Journal feature focused on confirming or debunking the worst fears about the credit crunch ... after the credit crunch hit, investment banks still are facing full trash bags of old leveraged ... of high-yield debt for Canadian telecommunications operator BCE; $4.3 billion for credit-card processor [more...]

Date: 2008-08-20 12:22:00

Give Me a Real Fix

Well it was another down day on Wall Street. All of the news seems pretty gloomy, from Sands corp ... is to restore confidence and force banks to loan and get people purchasing again on credit ... was they were really advertising that the food was bad and the service mediocre, not something you want [more...]

Date: 2008-11-12 08:12:08

Gordon Announces Re-Training The Already Trained For New Jobs That Don’t Exist

http://news.bbc.co.uk/1/hi/education/7785906.stmMy name’s Gordon. Am I taking the piss? Yes. Yes I am.The task is simple ... and factory workers in the 1980s, who had no skills other than making bad cars and hammering ... any liquidity, caused by banks not extending credit in the form of bridging loans. I have told [more...]

Date: 2008-12-17 15:48:04

Frugal Friday

Frugal Friday Christina Tynan-Wood on Oct 31 2008 | Filed under: Uncategorized The economy is bad, right? ... to my Visa card at a place called Mary’s Sandwiches, it guessed “Dining.” It did a good job, too ... passwords) giving Quicken the log-in information for my credit cards, bank accounts, and loans [more...]

Date: 2008-10-31 18:09:07

Dubai home loan debt incredibly low

Order my book online from this link Dubai’s sovereign debts have come under the microscope this week but nobody has highlighted the most unusual ... on home loans and bad debts for the banks. Dubai does not have this problem, or no more than a tiny ... conference: ‘The reality is that Dubai is not built just on credit. Dubai’s growth has been largely [more...]

Date: 2008-11-27 04:30:53

Arguing about bank nationalization

We’re edging towards nationalizing the banks. First, the government announces plans to insure loans to small businesses, saying that credit insurance markets fail in recession - which makes them as useful as umbrellas that don’t work when it’s raining. And now, it is thinking of buying banks’ bad assets, thus saying [more...]

Date: 2009-01-16 16:08:59

12 Common Credit Report Myths

12 Common Credit Report Myths In these troubled economic times, when discussing Newport Beach Real Estate with customers, ... . Bad news comes off in seven years. 12. I can always pay someone to fix or repair my credit ... the topic turns to loans, which of course, turns into a conversation about credit scores. Banks [more...]

Date: 2008-10-26 00:29:45

Your Lenders And Mortgage Brokers Information To Better Assist You With Your Loans

Mortgages are offered or promoted by various kinds of lenders. Your loan can be obtained from mortgage brokers, banks, credit unions and mortgage bankers, where ... . This normally includes discovering customized or tailored “Bad Credit” mortgage programs [more...]

Date: 2008-12-23 14:29:49

The Bad Paper Chase

The Bad Paper Chase November 26th, 2008 admin And the handout/buyout craze continues ... such as credit cards, auto loans and student loans. By all means, let’s just keep buying up debts from people ... Loan Banks. It also will purchase another $500 billion in mortgage-backed securities, pools [more...]

Date: 2008-11-26 07:37:00

Basics of Reverse Mortgages

Basics of Reverse Mortgages Posted by Dark Spider at January 17, 2009 What is a reverse mortgage? ... profile fortune 500 bank, for whatever reason. If you have bad credit or questionable financial ... free card. It is a serious loan and therefore must be treated as one - if you know for sure [more...]

Date: 2009-01-17 00:07:33

Bank cuts 130 O.C. jobs

HERE. Jeff Altman of WestCal Mortgage Corp. in Orange said later today rates fluctuated between 4.75% and 4.875% with a one-point fee ... Homeowners who got a break often defaulted again The regulator did it Good credit, bad mortgage … ... in 2007. And in other mortgage news… Bad-loan fix: Model or Myth? O.C. mortgage rates return [more...]

Date: 2008-12-11 21:09:31

More Holiday Cheer

Long time readers of the blog remember my obsession with freight and port traffic last year ... to set up trade financing by government bank or quasi-government credit. I found this article ... into disaster. You cannot compensate well for bad loans after they are written, which is why we are seeing [more...]

Date: 2008-12-23 20:25:00

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