Stanley Kurtz: HOW ACORN & ITS DEM ALLIES BUILT THE MORTGAGE DISASTER, and how Obama is right in the middle of it
UPDATED Please scroll down I didn’t have a chance to post on it yesterday, but Maria and a couple of friends sent this, ... to relax their credit standards as well, local banks would never make home loans to customers with bad ... to force banks into making high-risk loans to low-credit customers is still active. None [more...]
Date: 2008-10-14 12:37:34
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Buying a home with creative financing
With home prices falling and problems in mortgage markets continuing, buyers and sellers both stand to benefit from creative financing ... broker, even with bad credit. Before the growth of the subprime loan market, there were swindlers ... ,” for home buyers who didn’t meet traditional qualifications because of credit, income or job [more...]
Date: 2008-12-21 14:31:04
Can't Anybody Play This Game? The McCain Campaign Defies Belief
You know, we have llike seen this before. On health care: ... to immediately buy up the bad home loan mortgages in America and renegotiate at the new value of those ... McCain started with a tax credit that was equal in aggregate to the additional tax he levied [more...]
Date: 2008-10-09 05:19:26
After the Bailout, Bank Stocks are a Bad Deal for Investors Now
The $250 billion bank bailout announced Monday is a great improvement on the $700 billion Troubled Asset Relief Program (TARP) ... have invested in troubled mortgage loans, relics of a home mortgage bubble that should never ... . You haven’t received Uncle Sam’s credit card bill yet. Under the new bailout plan, the government [more...]
Date: 2008-10-17 12:59:00
Taking Home Mortgage Loans
by John Bear If you are looking to refinance your current mortgage, there are several options available for you ... refinancing would involve taking a new mortgage, mortgage companies require you to present various ... that an applicant wouldn’t just do anything bad to tarnish their perfect credit report. So they approve a no doc [more...]
Date: 2009-01-02 16:59:45
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
Interest Only and Credit Card Debt
by Mary Bush Well, here is an example of the system that isn’t functioning as intended: a mortgage loan that encourages paying off one debt, ... as if to say, ‘You mean you can’t pay?’ What do these loan and credit companies think they’re going ... product, let’s give the bad credit crowd a chance to make an even worse decision, and finance a home [more...]
Date: 2009-01-01 10:19:52
Interest Only and Credit Card Debt
by Mary Bush Well, here is an example of the system that isn’t functioning as intended: a mortgage loan that encourages paying off one debt, ... as if to say, ‘You mean you can’t pay?’ What do these loan and credit companies think they’re going ... product, let’s give the bad credit crowd a chance to make an even worse decision, and finance a home [more...]
Date: 2009-01-06 08:22:54
Interest Only and Credit Card Debt
by Mary Bush Well, here is an example of the system that isn’t functioning as intended: a mortgage loan that encourages paying off one debt, ... as if to say, ‘You mean you can’t pay?’ What do these loan and credit companies think they’re going ... product, let’s give the bad credit crowd a chance to make an even worse decision, and finance a home [more...]
Date: 2009-01-05 15:03:54
FHA Mortgage Insurance Updates… Will this Increase Your Monthly Payment?
... from the current 1.5% of the loan amount to 2.25% for “high risk” or bad credit borrowers. Yearly Mortgage ... not seem like much but the closing costs were already higher than average with an FHA loan [more...]
Date: 2008-07-14 23:55:49
GA Mortgages: FHA Refinancing With Bad Credit
by Brenda Puckett You can’t turn on the television or open a newspaper or magazine without encountering a new headline showing the meltdown of the ... loan. FHA loan guidelines allow refinancing with higher debt ratios. They allow you to qualify ... guidelines due to past credit problems or because your home’s value has not gone up as fast [more...]
Date: 2008-06-20 09:12:32
'Too Much House' Buyers To Be Rewarded?
The Treasury and FDIC are considering a plan to guarantee about $500 billion of bad mortgages in an attempt to reduce the total number of ... , and not their ability to afford the home. If homeowners also took out a home equity line of credit, no problem ... as 3 million loans into ones that homeowners would actually be able to afford (imagine that). In [more...]
Date: 2008-10-31 15:51:36
Should You Walk Away From Your Home?
(source) Despite the struggle, most responsible homeowners don’t think twice about whether they should make the mortgage payment each month ... back from bad credit and don’t want to let your credit score sink again. Whether you choose to fight ... a shot at a loan modification, when you can just take the “Free Housing For Six Months Package” [more...]
Date: 2008-12-03 22:29:29
Bailout developments reax
By TigerHawk at 9/24/2008 08:43:00 PM The president's speech was useful and important ... president could say: Easy credit — combined with the faulty assumption that home values would continue to rise — led to excesses and bad decisions. Many mortgage lenders approved loans for borrowers without [more...]
Date: 2008-09-25 01:46:48
The bailout may be killed by add-ons
The bailout may be killed by add-ons Posted Sep 22nd 2008 4:01AM by Douglas McIntyre Filed under: Deals, Bad news, Law, ... to potentially allow purchases of instruments such as car loans, credit-card debt and other devalued assets ... , if the plan is extended to include individual home mortgages and things like auto loans, the size [more...]
Date: 2008-09-22 12:35:18
The bail-out may be killed by add-ons (pfblogs.org)
Filed under: Deals, Bad news, Law, HousingThe list of additions to the $700 billion Paulson bail-out plan could well kill it ... , "a change to potentially allow purchases of instruments such as car loans, credit-card debt and other ... , if the plan is extended to include individual home mortgages and things like auto loans, the size [more...]
Date: 2008-09-22 08:51:01
So, What Is A PMI?
Buying a home is a realization of a life long dream and for many a symbol of “making it” in life ... of the American and the world economy; many experts believe. Consumers with bad credit wishing to attain ... in order to recover the lost costs of the loan. Mortgages were a favourite way of buying homes before [more...]
Date: 2008-09-17 09:42:48
Monday: Bi-Partisan Bank Robbery?
I don’t pretend to understand Credit Derivative Swaps and financial ‘instruments’ and it looks like the people who have been playing with them for ... like the Home Owners Loan Corporation (HOLC) where the government would restructure and refinance bad mortgages from individual homeowners and make them affordable. The theory goes that if those [more...]
Date: 2008-09-22 12:26:24
FHA Guidelines On Bankruptcy
One of the most touching experiences loan officers go through when we conduct marketing campaigns seeking FHA mortgage prospects are the borrowers who call us wanting to buy a home for their family but they just have too much bad credit to overcome in order to qualify for even an FHA loan. Often they have a bankruptcy. First, here are FHA’ [more...]
Date: 2008-06-14 00:26:57
It's the Housing Market, Stupid
Bad real estate loans helped set off the global credit crunch. Can modifications on home mortgages speed a recovery? [more...]
Date: 2008-10-21 11:37:35
The Bad Paper Chase
And the handout/buyout craze continues. The Federal Reserve said Tuesday it will buy up to $600 billion in mortgage-backed assets in another attempt ... obligations from mortgage giants Fannie Mae and Freddie Mac as well as the Federal Home Loan Banks ... also unveiled a new program to help unfreeze the market that backs consumer debt such as credit cards [more...]
Date: 2008-11-26 00:46:42
What Determines Your Home Mortgage Loan Qualifications
When underwriters consider your home loan application and credit history, they generally look for 6 basic factors ... in this requested home loan with previous loans (from credit cards, school, car, etc.), they’ll establish a debt ... is pulling the potential borrower’s credit record. This history shows not only the bad things [more...]
Date: 2008-12-30 15:28:20
9 Reasons for a good credit rating or FICO score
Does my credit rating really matter? That question goes through a lot of people's heads as they max out their credit card or don't pay their automobile payment Huntsville Alabama car loans financing with bad credit mortgage home loans, real estate auto insurance, web design. Huntsville schools festivals business events and community [more...]
Date: 2008-12-22 12:51:43
Huntsville Police DUI Checkpoints Alabama
Huntsville Police Department announces it will be using money awarded from the State of Alabama ADECA fund for increased DUI enforcement throughout the holiday Huntsville Alabama car loans financing with bad credit mortgage home loans, real estate auto insurance, web design. Huntsville schools festivals business events and community loans [more...]
Date: 2008-12-27 14:56:42
How to Use 0% Interest Credit Cards
If you're credit is strong enough to garner the attention of credit card companies offering 0% introductory interest rates, then you surely have the discipline Huntsville Alabama car loans financing with bad credit mortgage home loans, real estate auto insurance, web design. Huntsville schools festivals business events [more...]
Date: 2008-12-23 12:45:37
Selecting Best Homes in Los Angeles
by J. Kim Nowadays there are plenty of sites online that offer advice and information about what to do when buying a home ... as if their credit is bad or they have no credit whatsoever. Certainly the more loans and credit cards a person ... The Right Mortgage With the introduction of instant refinancing there are times now where [more...]
Date: 2008-10-29 01:54:17
BENEFICIAL SECOND MORTGAGE
Having a plan of purchasing new home also makes you face the deals of mortgage ... loan, bad credit loan, and many more. Go to the website and see the other scope of the service ... things so that you will not get the bad impacts of high interest that you should pay. Think [more...]
Date: 2008-11-13 07:31:03
Posted on June 8th, 2008 at 12:45 am by olijfje Santa Cruz del Quiche, daar ben ik nu, de hoofdstad van de … Quiche mayas ... is, in itself, mortgage loans anaheim refinance e. people credit bad home loan The first book to discuss people credit bad home loan was Services for UMTS by Ahonen & Barrett in 2002. boat me loan [more...]
Date: 2008-06-07 22:46:03
Poor Credit Scores And House Loan Possibilities
When applying for a mortgage as part of your overall preparation for home ownership, your credit score is vital ... (FHA) home loan. In this article, we’ll cover both options. 1. Sub-prime lenders who offer “bad ... that loan is going to cost you in interest over the life of the loan. If your credit score is below [more...]
Date: 2009-01-11 17:39:12
Should Obama reappoint Bernanke in 2010?
have redefaulted within five to six months. And 58% of loans modified in the first quarter were delinquent within eight months ... it Good credit, bad mortgage … now what? 10% of home loans delinquent or in foreclosure O.C. in top ... . That was for loans one-month past due. Credit Suisse said about 15% of subprime loans modified [more...]
Date: 2008-12-09 11:00:47
Mortgage loans available
Last few weeks ago, I was really concerned about our economy ... With experts that can help you refinance with bad credit and keep you in your dream home, you would ... take advantage of bad credit mortgage refinance opportunities to give themselves more manageable [more...]
Date: 2008-10-21 04:24:20
The Worldwide Credit Crisis
Recently in the UK Lloyds TSB has merged with the HBOS group which includes the old Halifax building society, BM solutions, IF, TMB ( ... to the satisfaction of everyone. What also will happen to the home owners who have a bad credit mortgage ... a large player in the financial market good deals on mortgages and lower rate loans could be impeded [more...]
Date: 2009-01-02 03:00:28
The Fannie/Freddy bailout
It’s almost as if the feds are trying to flush the economy down the crapper ... holders of U.S. Treasury bonds. -Higher rates are bad for anyone with a mortgage, credit card debt, a home equity loan, a margin account, etc. -Higher rates also increase the government’s debt burden [more...]
Date: 2008-07-15 01:21:54
Wall Street bailout: Congress 'must move'
by Mark Silva With leaders of both Democratic and Republican House ranks blaming each other for the initial failure of a $700-billion federal ... if the government does not act to unlock financial markets frozen by bad mortgage debt threatening a credit crunch at every level of the economy, threatening everything from home loans to car loans [more...]
Date: 2008-09-29 21:35:44
Obama Proposes Moratorium on Foreclosures
While Senator John McCain is urging the government to buy bad home loans, ... against foreclosures and an $800 mortgage tax credit per year for homeowners who fail to itemize ... , the Hope for Homeowners. The program encourages homeowners to apply for refinancing [more...]
Date: 2008-11-14 13:02:58
FHA Mortgage Lenders
Applying for a home loan for first time mortgage borrowers can be a daunting and treacherous task ... from a lender to a FHA. If we have bad credit, no credit, or simply not sufficient income to put ... . An alphabet soup family of difference is used: FHA, HUD, VA, and some-more can report a loan [more...]
Date: 2009-01-14 13:31:28
More hoops to jump through for enticing mortgages
Consumers rushing to refinance a home loan or get a new one to take advantage of the lowest U.S ... stellar credit. “This market has weeded out people with bad credit. That’s the difference,” said Ellen ... . mortgage rates in nearly four decades are in for a surprise: the new rates aren’t for everyone [more...]
Date: 2009-01-14 14:37:34
Does Bank Of America (BAC) Get The Next Bailout?
The Paulson/Bernanke bailout is now spreading across the financial system like a prairie fire in a stiff wind. AIG (AIG) got one deal ... on credit card, home, and auto loans increase, and commercial real estate and corporate loans fail ... of mortgages with its buyout of Countrywide, may not be a bad candidate. Neither is Morgan Stanly [more...]
Date: 2008-11-24 11:16:38
BREAKING: Washington Mutual seized by feds, biggest bank failure in US history
WSJ:In what is by far the largest bank failure in U.S. history, federal regulators seized Washington Mutual Inc ... after it got caught up in the booming part of the mortgage business that made loans to people with bad credit, known as subprime borrowers. Troubles spread to other parts of WaMu's home loan portfolio [more...]
Date: 2008-09-26 02:41:42
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