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

Blog posts (329) | Videos (261)
 

Tom Gregory: Rearranging The Deckchairs

It's been nearly one hundred years since the greatest symbol of maritime achievement -- the "unsinkable" ... iceberg is bad mortgage debt. Initially viewed as insignificant on the surface, it stretches its heft ... compartments of credit availability, asset liquidity, bank's willingness to lend, and confidence [more...]

Date: 2008-10-06 06:54:54

Topics In First Time Mortgages Explained

Topics In First Time Mortgages Explained Posted By Chris Channing on @ 10: ... can be discounted as a tax write off where applicable. Having a bad credit score often hinders many from even attempting to obtain a mortgage loan. This shouldn’t be a deciding factor, since many [more...]

Date: 2008-10-21 03:44:39

Daftar Kata Kunci Harga Tinggi, HPK

Daftar Kata Kunci Harga Tinggi, HPK HPK atau High Paying Keyword adalah kata kunci yang memiliki nilai CPC (Cost Per Click) ... experience work 27.71 6.50 bank card chase credit 20.79 6.50 valencia car hire 20.45 6.50 ... services web 24.05 6.49 free mortgage quote 20.51 6.49 bad credit consolidation 18.37 6.49 best [more...]

Date: 2008-07-06 00:48:38

What You Need to Know About Refinancing

by Mary Bush Refinance loans allow you to take an old loan or several old loans, and redo your deal ... . It is the easiest way out of a foreclosure, but with bad credit, interest rates will be high. The current ... . In today’s economy, some banks are refinancing mortgages so that distressed homeowners can better [more...]

Date: 2008-12-19 19:08:13

What You Need to Know About Refinancing

by Mary Bush Refinance loans allow you to take an old loan or several old loans, and redo your deal ... . It is the easiest way out of a foreclosure, but with bad credit, interest rates will be high. The current ... . In today’s economy, some banks are refinancing mortgages so that distressed homeowners can better [more...]

Date: 2009-01-06 17:05:01

Mortgage Market Update: Version 1

Hey guys. Sorry for the delay in posts, this week has been absolutely hectic and I’ve had no time at all to take a step back and take a breather ... to you by your lender of choice. Obviously if you have bad credit and are looking for the maximum amount of financing ... market, banks will not offer as much equity out of borrower’s homes in a refinance tran [more...]

Date: 2008-08-22 20:15:47

Is the other shoe about to drop?

According to a December 14, 2008 segment of 60 Minutesentitled “The Mortgage Meltdown, ... is that most of the air has already leaked out of this bubble, but the bad news is that another, perhaps ... option ARM” mortgages. (See below for a brief explanation of each.) Credit Suisse estimates [more...]

Date: 2009-01-16 23:43:00

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

Fourth-Quarter Earnings: How Bad? - Investors are expecting something abysmal. Could earnings that are merely bad spark a rally?

We have been in an overly optimistic mode since Obama was elected, and this has been global ... economy, the financial sector. We have yet to hear from commercial mortgages and credit card defaults ... on individual company good news, but don’t fall on systemic bad news. Government bailouts go to banks [more...]

Date: 2009-01-06 15:58:53

Four Ways To Lower Your Alabama Mortgage Payment

Many homeowners would be able to afford their mortgages if not for a temporary financial hardship or an inopportune interest rate reset ... a more affordable payment, even if they have bad credit or they have recently changed jobs. While using a foreclosure lender is a viable option, in times of a credit crunch and lower property values [more...]

Date: 2008-10-30 13:45:41

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

Mortgage Rates, Scary Jobs Details, Investing in 2009, Russian Gas Dispute, and More!

by Addison Wiggin & Ian Mathias Mortgage rates plunge to record lows… but are they at the bottom? ... of the credit crisis. “That’s bad,” Byron King somberly explains. “We already have an aging work force ... to 2009… how to invest amid rife market manipulation If you’ve got money, credit and patience [more...]

Date: 2009-01-08 01:36:29

Commercial Real Estate Mortgage

There are different types of loans that are available in the market; while some loans are meant for personal requirements of an individual, ... risks by providing loans to those people, who have a bad credit record. The financial institutions ... for their business needs. This type of loans is highly in demand with all the people who are involved [more...]

Date: 2008-12-19 23:06:31

The Vegas Decade

As I research the history of the mortgage meltdown, it's funny how often Las Vegas takes center stage ... -down option to borrowers with blemished credit. The FHA isn't a direct lender, but guarantees loan ... with bad credit to put money down on a house is UnAmerican and probably racist, at a homebuilder's [more...]

Date: 2008-11-21 10:32:00

So, an I-Bank Walks into a Bar…

The U.S. is (possibly? maybe? mos def?) straddling the cusp of an economic crisis, and what do our politicians do? ... should keep a close eye on what makes it into this thing: defaulted mortgages, fine. “Car loans, credit ... .” Oh, Nance, you kinky tart, you. Seriously, this is what we should be asking: How bad does [more...]

Date: 2008-09-26 15:43:39

Wall Street Bailout May Hammer Tenants

Wall Street’s mortgage and credit crisis will have a huge price tag and tenant advocates fear one casualty could be a swath of New York’s ... , tens of thousands of apartments could be in danger. Tenant lawyers specifically point to Resolution ... billion of bad assets (mostly commercial leases) and resold them to the private sector before [more...]

Date: 2008-10-03 15:36:45

McCain has pundits 'scratching' heads

Conservative pundits and bloggers expressed outrage Wednesday over John McCain’s plan for the federal government to spend $300 billion to buy up ... more to buy the bad mortgages? Really gets the juices flowing, doesn’t it?” McCain senior domestic ... from further damaging the availability of credit to Main Street America, one of the — the real threats [more...]

Date: 2008-10-08 20:28:24

'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

Banks forced to take bailout money they don’t want or need

There are thousands of banks in the United States, most of which are local and have less than a billion dollars in assets ... themselves to the mortgage and credit crises. Some of them were (gasp!) risk averse and (double gasp ... our head saying, ‘If we don’t take it, does that put us on their bad list?’ I was told that the regulators [more...]

Date: 2008-11-25 07:28:38

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

Was the Bailout Too Costly?

Was the Bailout Too Costly? Written by Credit Karma October 13th, 2008 at 10:25 PM CDT No comments According to numerous sources at this point, ... of the issue, which is fixing the housing crisis and creating jobs.” She was quotes as saying in a recent ... as $700 billion dollars to buy off bad mortgage security as well as other devalued assets that [more...]

Date: 2008-10-14 04:26:06

Bush: 'Entire economy is in danger'

by Mark Silva President Bush, delivering a nationally televised appeal for an unprecedented federal buyout of $700 billion in bad mortgage debts, ... be more difficult for you to get the loans you need to buy a car or send your children to college ... , you would find it harder and more expensive to get credit. More businesses would close their doors [more...]

Date: 2008-09-25 02:13:56

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

The Sand States

Here are excerpts from "The End" in Portfolio by Michael Lewis, author of Liar's Poker, on the financial collapse ... in asking home­owners with bad credit and no proof of income to put no money down and defer interest ... states. The loans would have been made by one of the more dubious mortgage lenders; Long Beach Financial [more...]

Date: 2008-11-12 00:44:27

Malls are next to face foreclosure

{ December 4, 2008 @ 2:38 pm } · { Economy } { Tags: economics, Economy, finance, malls, mortgage, recession } ... , and the bad news is trickling in. Malls from Michigan to Georgia are entering foreclosure. Hotels in Tucson ... year, according to analysts from Fitch Ratings Ltd., which evaluates companies’ credit. “We’re [more...]

Date: 2008-12-04 18:38:28

Obama, McCain: Cautious in econ-crisis

by Mark Silva Count both Barack Obama and John McCain, the candidates for president, ... for banks and other financial institutions holding bad mortgage debts that are "clogging'' the system and threatening a farther-reaching credit calamity. "I don't think it can be a blank check [more...]

Date: 2008-09-22 00:52:05

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

Good and bad.

Worried bride Creative Commons License photo credit: spaceodissey I believe I have set a record ... % of the sales, they report, involved foreclosure sales. This is bad. Or is it good?  We know that the mortgage [more...]

Date: 2008-08-19 16:07:41

2007 Vs 2009

“The 14 Biggest Differences Between Investing NOW & Investing Pre Dec 2007” ... shortfalling properties, low yields and bad credit scores 2) Pre 2007: People were talking about growth ... in this 14) Pre 2007: Mortgage rates would change slowly, incrementally & infrequently. Cred [more...]

Date: 2009-01-16 14:06:40

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

One-Stop Shopping Calamity

The news that Citigroup is considering selling half its Smith Barney brokerage unit to Morgan Stanley is seen as evidence that Sandy Weill's plan for ... from one financial institution. Credit cards, checking accounts, mortgages, brokerage services ... a one-stop financial shop is officially dead. But the financial supermarket is the bad idea [more...]

Date: 2009-01-12 18:00:00

BIG Problems Need Simple Solutions; A Bailout Plan that Works

Two months ago, hardly anyone knew of credit default swaps, commercial paper, mortgage backed securities, and mark to market accounting ... removed from Wall Street and Capitol Hill. People took out loans that were leveraged against property ... , what we desperately need is a simple solution for people who borrowed too much money and made a bad [more...]

Date: 2008-10-10 20:38:59

Blaming the Poor

You have, no doubt been wondering who to blame for the current market meltdown ... One of the reasons so many bad mortgage loans were made in the first place is that Barack Obama’s celebrated ... was originally passed to combat “red-lining,” the practice by which credit-worthy applicants were denied loans [more...]

Date: 2008-10-11 23:26:00

Forward Into The Repug Past

I think that, unintentionally of course, David Brooks did us a favor in his New York Times column today (here) ... s really not much to see because it’s merely a sequel of the bad “movie” we had to endure ... tuition, up to $3,000 for child care, $7,000 for a clean car, a mortgage tax credit.(Also [more...]

Date: 2008-10-14 18:41:00

JPMorgan profit drops 76 percent

JPMorgan Chase & Co. said that its profit fell 76 percent as rising defaults. The company said in a statement that the year-old U.S ... More consumers are paying late on their credit cards and mortgages, forcing banks to increase reserves, the statement said. JPMorgan has almost tripled its provisions for bad debt in the past year. Fourth [more...]

Date: 2009-01-15 14:23:57

GA Bad Credit Refinance With FHA

by Brenda Puckett You cannot turn on the news without seeing a new headline trumpeting the meltdown of the mortgage industry ... counties and $271,050 in rural Georgia counties. You may still be able to qualify for an FHA loan. FHA ... had starting rates in the low 5 percent range jumping up 8, 8.5 or 9! Subprime loan rates can be moving even [more...]

Date: 2008-07-20 09:31:03

Fast Money Recap

Word On The Street Dylan Ratigan hosted CNBC’s “Fast Money” Thursday ... (JPM). Dimon said that JPM had a terrible November and December due to bad mortgages and high-yielding ... mentioned that JPM has been hurt because of its large exposure to credit card receivables. She said she’ [more...]

Date: 2008-12-12 02:45:27

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

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

Welcome to the Finance Fiesta, buzzer-beater edition

(70 minutes left until Thursday’s over) Hi, everyone!  Welcome to this week’s Finance Fiesta! ... of mortgage loans. (66 minutes) College Finance 101 doesn’t mince words and says that a bad credit ... to getting a raise.  (No, washing the CEO’s car isn’t one of them.) (61 minutes) Blueprint [more...]

Date: 2008-09-26 03:51:08

Rising Default Risk In Pro-Forma Commercial Loans

The bond market is reeling from rising default risk in Pro-Forma Commercial Mortgages ... Federal Credit Union in New York. “They were underwritten with outlandish expectations on rents ... are starting to turn bad. In New York City, Stuyvesant Town-Peter Cooper Village, a housing complex in downtown [more...]

Date: 2008-11-21 03:34:00

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

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

It’s a solvency problem, not a liquidity problem

The term “credit crunch” is very misleading for the current crisis ... just do not make economic sense. Thus far, the spotlight has been on one piece of that problem - bad mortgage loans - but I think we’ll see the problem areas expanding rapidly to include a lot [more...]

Date: 2008-10-09 22:05:27

Change We Can Believe In: Dodd Still In Power, Rangel Not So 'Neighborly' With His Own Taxes

Is this the Change You Can Believe In, whereas Senator Obama is quick to blame Republicans for every challenge this nation faces, ... the 'credit crunch'. In February of 2007, Merrill Lynch, then under the of Obama supporter, Stanley Price, announced the write-off of billions of dollars due to bad mortgages. The markets took a hit [more...]

Date: 2008-09-20 10:10:00

Is Vacation Ownership Immune from the Credit Crisis Cold?

I wrote this article for  ARDA’s Development’s magazine in the summer of 2008. Unlike auto loans, mortgages and other consumer credit, the performance of Timeshare receivables ... to autos to student loan debt. Lenders are bracing for bad news in the timeshare industry as well [more...]

Date: 2009-01-15 16:07:27

Credit Default Swaps and Moral Hazard

In the insurance business, "moral hazard" is famously a problem ... mortgage business) could be either bad or good for the economy, in that it could send signals ... when an Insurance Company had imprudently set up shop in the city."Help me out here if I'm wrong, but don't credit [more...]

Date: 2009-01-02 02:12:00

Life goals for 2009

This time last year, I had three New Year resolutions: pay off all consumer debt in four months, ... : Never miss payments on credit card and mortgage loan. Last year, I had two late payments ... two steps backward and one step forward in personal finance may not always be bad. Like buying [more...]

Date: 2009-01-03 01:00:32

Real Estate Food for Thought

I have no idea who this commenter (Tamquam Leo Rugiens, a Christian/Catholic reference of some sort) ... have left their fingerprints on the housing bubble and the credit collapse. Whereas it is important ... to safely guide them through the process wound up taking bad advice. And, in the case of mortgage [more...]

Date: 2008-10-10 14:10:18

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