New Congress Looks To Add Mortgage Debt To Bankruptcies - BIG MISTAKE

Congress So we have finally flushed most of the bad debt out of our system in 2008. The bad lenders are disappearing and lenders are feeling good about making new loans. The only ... out of it. The legislation would change allow bankruptcy judges to modify home loans in the same way that they currently may [more...]

Date: 2009-01-06 14:51:56

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Fuck Wall Street

One part of my job requires that I keep abreast of financial stories, ... that it cannot erase their credit card debt, or enable them to stay in their homes anymore.I know, it’s hard ... , individuals in bankruptcy were allowed to take money out for their mortgage first, and pay credit [more...]

Date: 2008-12-17 23:58:00

One More Legislation to Decrease Foreclosures

The 2nd Democrat of U.S. Senate has presented a law on January 6 in which the judges in bankruptcy would remove a couple of mortgage debts in the ... would erase some house loans as they would do for any types of debts. As what twenty-one state ... , and that the same thing must also apply for residential homes. The national home crisis went from bad to [more...]

Date: 2009-01-09 16:32:18

Bonita Springs Florida Monday Mortgage Report 04-27-2009

Mortgage Rates Hit 5 Year High This week it is projected that mortgage rates will reach a 5 year record high.  Thanks to declining markets, credit lending guidelines tightening down, banks going out of business or merging to avoid bankruptcy, and many other economic factors, potential homeowners will now be facing an even more difficult time in trying to qualify for a new home due to the sharp an sudden increase in mortgage loan interest rates. [more...]

Date: 2009-04-27 13:42:00

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

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