Andrew W. Smith: How kinder, gentler lending caused the Panic of ‘08

Blogger Andrew W. Smith lives around Tulsa, Oklahoma, but has deep roots in Nova Scotia ... ." Sloganeering has been a handy stand-in for understanding of this credit crisis. "Crony capitalism," "neocons ... which had approved that bad mortgage was not much bothered by the borrower being a bad risk, so long [more...]

Date: 2008-10-23 07:01:01

Blog posts (8) | Videos (11)
 

Refis

On the eve of the closing for my refinancing, I notice this from the W$J: ... their monthly mortgage payments on account of the fact that they have bad credit. Wouldn't ... can't meet the credit hurdles and won't get approved. My friend and mortgage broker told [more...]

Date: 2009-01-15 16:42:15

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

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

Bailout Passes Senate

Senate votes 74-25 to approve the measure in a dramatic desk roll call vote. The infamous twenty-five are listed here ... highway caused by bad mortgage loans,” Alexander said. “This should get economic traffic moving again and restore confidence so that Americans can get auto, student, mortgage, business, and farm credit [more...]

Date: 2008-10-02 02:31:10

Banks and Consumers Are the Problem, Not Bad Assets

Treasury Secretary Henry Paulson announced that he has shelved the original plan to buy troubled mortgage assets via the recently approved $700 ... loans, student loans and credit cards. This is creating a heavy burden on the American people [more...]

Date: 2008-11-14 12:14:14

House approves bailout: $700-billion-plus

by Mark Silva and updated at 3 pm With the House's second and successful vote on a $700-billion federal rescue of the nation's financial markets ... at freeing a freezing credit market for businesses and consumers alike. It authorizes the Treasury to start buying as much as $700 billion in bad mortgage-related debts from banks and other financial [more...]

Date: 2008-10-03 19:06:58

What To Look Out For When Shopping For Lenders On-Line

The lending industry will often resort to offering great benefits on some of their products ... conditions. They do exist. Quick Online Bad Credit Mortgage Approvals Now, do not rush. They are giving ... . Now, with bad credit, can they just approve your mortgage without digging into your financial records, job [more...]

Date: 2008-12-28 14:55:57

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