I Guess Our Mortgage Is Officially Considered Small
As a follow up to the post I wrote a few days ago about the new consumer protection laws and the possibility that thrift stores would have to stop ... scores until now. We went to the annual credit report site and picked Experian. Credit scores were ... on credit scores. Since we’re considering buying another house, we decided to take a peek at our cre [more...]
Date: 2009-01-09 08:15:42
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Bernanke Casts Doubt on Stimulus, Says Fed May Buy Toxic Assets to Loosen Credit
Warning that the timing of an economic recovery is “highly uncertain,” Federal Reserve Chairman Ben S. Bernanke said yesterday (Tuesday) ... about the continuing chokehold banks have put on credit to companies and households than he is about offering ... of the economy where liquidity has dried up for “credit easing”, reported the Guardian. “Credit sprea [more...]
Date: 2009-01-14 14:57:59
Real Car Deals for Those Ready to Buy Now
If you are in a position to afford or be able to finance a new car now, you may soon have the pick of the litter ... the possibility of errors on your report. Take advantage of your free annual credit report and check over every bit of information contained on your report. Credit scores that were once thought to be perfect [more...]
Date: 2008-11-13 15:22:23
Home Buying 101 - Step Two: Know Thy Credit
This is the second in my Home Buying 101 Series, now updated for 2009 ... rates. Your credit report will also affect the rates you pay for auto and home insurance ... for credit cards, loans, medical bills, leases, anything reported to a collection agency, liens [more...]
Date: 2008-12-30 21:06:36
PPI and Retail Sales Dominate The Calendar
The economic calendar starts very slow this week, with only the Pending Home Sales report coming on Tuesday ... to show another decline, although not as bad as the October report. With limited access to credit, consumers aren’t buying much right now even though we are approaching the holiday season. The report [more...]
Date: 2008-12-08 14:30:40
Tips on buying Memphis Home
by S. Kim When you are buying a home this can be a very stressful period in your lives ... idea to make sure that your credit history is looking good beforehand. A few months before you start looking for a place to buy obtain copies of your credit reports. Today these you can get for free [more...]
Date: 2009-01-17 15:07:22
Easy Bad Credit Report Repair
Usually it’s about the time that someone needs to buy a new car or is about to purchase their first home that they realize that they are going to ... need to do a little bad credit report repair. While it can be quite costly to hire a professional to help you get your credit rating ... [more...]
Date: 2009-01-16 11:42:59
Bad Credit Report Repair Done Easy
Usually it’s about the time that someone needs to buy a new car or is about to purchase their first home that they realize that they are going to need to do a little bad credit report repair. While it can be quite costly to hire a professional to help you get your credit rating back on track quickly, there is hope for people [more...]
Date: 2009-01-15 18:01:59
Buy Amway Products, Get Drink, Play Pool. And They Take Away Your Credit Cards.
Wired, reports that a credit card company has come under fire and FTC investigation for “behavioral scoring”: reducing credit limits for people who use a variety of services. These services included, “Direct ... counselors, automobile tire retreading and repair shops, bars and night clubs, pool and billiard [more...]
Date: 2008-06-23 16:12:59
Houses, Credit Reports, Lenders….ACK!
Wondering about buying your first home? Are you ready to move up or down-size? Have you heard they aren’t making loans any more? ... gift’ you cash for a down payment. AND *You don’t need stellar credit with FHA loans! Bad things ... your needs. *Good credit; your credit score needs to be 620 or higher, in most but not all cases. FHA [more...]
Date: 2008-11-08 12:00:06
REPORT: Credit lines increasingly hard to come by for auto dealers
Filed under: Car Buying Like him or loathe him, George W. Bush's clearest, most salient speech came almost a year ago on September 25, 2008 when our Harvard MBA president explained to the nation and the world exactly how bad the economy had gotten and why so much federal money ($700 billion-ish at the time) was being hurled at America's banks. The full speech can be found here , but one little section bears quoting: The decline in the housing market set off a domino effect across our economy. [more...]
Date: 2009-09-03 15:02:57
Taxpayers, Congress Push Back Against Bailout
Monday 22 September 2008 by: Matt Renner, t r u t h o u t | Report Representative Barney Frank, ... money to buy this private sector debt - essentially using the taxpayer’s credit card to buy home [more...]
Date: 2008-09-23 01:02:02
Treasury Opens Vault; Gangs of Robbers Rush In
As the fierce lobbying and politicking proceed on the government’s proposed bailout of banks and other lenders holding iffy paper ( ... and investment banks, ostensibly to relieve the so-called credit crunch. Other plutocrats resented ... to buy up bad assets of financial institutions.” So, the Times reports, the Financial Services [more...]
Date: 2008-09-22 19:49:44
William O’Donnell and others at financial giant UBS issued a report earlier in the week noting some reluctance by investors to buy government bonds ... the credit crunch, investors have demanded a greater premium on securities backed by mortgages, which means [more...]
Date: 2009-01-08 17:39:53
Bond Expert: Wednesday Wrap
Prices of Treasury coupon securities catapulted higher today as the very weak retail sales report as well as a renewal of credit concerns sparked a rush to buy Treasuries. The yield on the 2 year [more...]
Date: 2009-01-14 22:10:32
Caterpillar’s infrastructure prospects
Standard & Poors rates Caterpillar a strong buy because of its potential to sell a lot of tractors as governments around the globe build bridges, ... the purchase or lease of equipment or on major repair and maintenance, according to a recent report ... frozen credit markets was evident in September 2008 at the height of the credit crunch [more...]
Date: 2009-01-06 16:47:51
OPEC Loss Grocers’ Gain: Americans Spend Pump Savings on Food
Groceries are the top item on which US consumers are spending their savings from lower gas prices, ahead of putting the money in savings, ... holiday gift-buying, and paying off credit cards, according to research from retail analytics firm Precima, Retailer Daily reports. Of the 3,013 consumers who were asked to choose from a list of ... [more...]
Date: 2009-01-02 12:40:37
New Tax Breaks
WPLN reports: The First-Time Homebuyer’s Tax Credit is a bit of a misnomer. The credit is available to anyone who hasn’t owned a home in the last three years, but has either bought a home since April or will buy one before July. Boone says another new credit, the Recovery [more...]
Date: 2009-01-02 15:39:44
Tips on buying Memphis Home
by S. Kim When it comes to buying a home this can prove to be a very stressful period in our lives ... from the credit reporting agencies (Experian for example). Now go through them and if you see any ... at a good rate it is important that your credit history looks good. Therefore a few months before [more...]
Date: 2009-01-17 14:51:05
Memphis Home
by S. Kim When you are buying a home this can be a very stressful period in your lives ... from the main credit reporting agencies like Experian. Spend time going through them and if you see ... idea to make sure that your credit history is looking good beforehand. A few months before you start [more...]
Date: 2009-01-17 15:02:04
No Money Down Real Estate Investing
by katie George I am sure you have seen the infomercials a hundred times. Here are a few facts: Is it possible to buy real estate with no money down? ... you should work to improve it. Get your credit report and make sure everything is correct. Believe ... up with financing. There are hundreds of ways to fund a real estate deal and obtain financing. [more...]
Date: 2008-12-25 14:19:39
Why Not Buy Globs Of Scarlett Johansson’s Rancid Snot?
Like many people, we’ve often dreamt of laying down, naked as a baby, and smearing ourselves with Scarlett Johansson’s nasal mucus ... Cheryl Baker from Buck’s Fizz instead. Whichever’s cheapest. Look, we know the credit crunch ... reports: During an appearance on “The Tonight Show With Jay Leno,” she told Leno that her “Spirit” [more...]
Date: 2008-12-19 15:00:17
OPEC's Loss Is Grocers’ Gain
Groceries are the top item on which US consumers are spending their savings from lower gas prices, ahead of putting the money in savings, holiday gift-buying, and paying off credit cards, according to research from retail analytics firm Precima, Retailer Daily reports. [more...]
Date: 2009-01-04 14:01:34
I have failed
Now that 2009 is about to kick into gear, I have to look back at 2008 one last time to acknowledge one failure ... stop laughing at that one, especially after Kirby's history of finding no report or science that he couldn't twist to his own ends. I will give him a modicum of credit, though, for not buying [more...]
Date: 2009-01-02 20:00:00
Tips on buying Memphis Home
by S. Kim When it comes to buying a home this can prove to be a very stressful period in our lives ... you can obtain for free from the credit reporting agencies (Experian for example). Now go through them ... to get what you want at a good rate it is important that your credit history looks good. Therefore a few [more...]
Date: 2009-01-17 15:03:29
Buying Memphis Home
By S. Kim When you are buying a home this can be a very stressful period in your lives ... you can obtain for free from the credit reporting agencies (Experian for example). Now go through them ... to get what you want at a good rate it is important that your credit history looks good. Therefore a few [more...]
Date: 2009-01-14 20:13:24
AIG Becomes the Fed’s Vehicle to Buy Toxic Assets
The Washington Post (from Bloomberg News) "With Fed's Help, AIG Unloads $16 Billion in Credit Default Swaps" reports that American International Group (AIG) retired another $16B face value of credit default swaps for $6.7B by purchasing the underlying securities and canceling the contracts. The insured [more...]
Date: 2008-12-28 20:31:13
AIG Now Fed's Vehicle for Buying Toxic Assets
The Washington Post (from Bloomberg News) "With Fed's Help, AIG Unloads $16 Billion in Credit Default Swaps" reports that American International Group (AIG) retired another $16B face value of credit default swaps for $6.7B by purchasing the underlying securities and canceling the contracts. The insured [more...]
Date: 2008-12-26 18:42:41
Antivirus 2008 and Personal Finance
Sunday morning, I woke up feeling pretty under the weather ... the crisis has past, particularly in the form of your credit report, depending on how the crisis ... to the Antivirus 2008 virus is that it wants you to buy an “antivirus” program to fix what’s goig [more...]
Date: 2008-08-12 09:52:19
A Housing Market Detached From Reality
The Ukiah Daily Journal reports from California. “Worried consumers, ... , assets, credit and long-term job stability,’ as requirements for a home loan, said Ginny Richards ... a loan with no money down and no proof of income are over. If you’re buying, Richards advises, ‘ [more...]
Date: 2008-11-22 17:46:53
Countrywide On Brink Of Losing Lending License In Washington State
Countrywide Office In the latest of what seems like bad report after bad report for Countrywide, ... in the nation, and in fact largest lender in some markets. With today’s tightening credit markets, acquiring a loan to buy a home is getting harder and harder--now take out the top lender and just think how [more...]
Date: 2008-06-26 20:07:00
Can’t make your car payments? Buy a Hyundai
Tightwad_tod_marks_consumer_reports It’s bad enough if you lose your job in this miserable economy. It’s even worse if you’re out of work and you’ve just invested in a new car. With more than 10 ... , the plan is a calculated gamble on the automaker’s part to bring potential buyers with responsible credit [more...]
Date: 2009-01-09 01:10:49
Already Missing Sarah Palin?
Via Politico's Mike Allen, Newsweek has got your post-election Palin withdrawal fix: ... -level staffers to buy some of the clothes on their credit cards. The McCain campaign found ... much more of this sort of finger-pointing. A recent report by the New Yorker said that Bill [more...]
Date: 2008-11-05 16:44:14
Housing collapse continues
Housing collapse continues A first hand report has come in to my iceberg of someone who wants to buy a home, has a 20% downpayment, a good credit score, suitably large income, and... can't get a loan on the home he wants. It is, apparently, too far from the nearest fire hydrant and thus does not meet Fannie/Freddie or FHA [more...]
Date: 2008-11-10 05:10:33
Home Buddies Quarterly Economic Report - Part 3 - Opportunities
by Cliff Pape The past few weeks we have looked at an overview of the U.S. economy as a whole ... and there may never be a better time to buy property in Houston - if you have good credit. In otherwise ... . Then I will go over some opportunities that come up in this stage of the real estate cycle. Credit [more...]
Date: 2008-12-25 18:36:32
Britney Spears Buys New Home, Shows the Kids
With a new cocktail of antidepressants outlook for her life and a really short leash rejuvenated career, Britney Spears is about to change addresses ... on the market for more than $7 million. There was no official word on where the new house is, although reports ... BRITNEY SPEARS' "CASA DE NO PANTS" Photo Credit: Splash News Online The troubled [more...]
Date: 2009-01-14 12:44:20
New Home Sales Up Slightly – Analyst Blog
New home sales in August rose a less-than-expected 0.7% to a seasonally adjusted annual rate (SAAR) of 429,000. Sales had been expected to come in at 440,000. Sales were also 3.4% below the year-ago level of 444,000. The result was especially disappointing since this was probably the last month that one could buy a new home and still close on it in time to get the first-time homebuyer tax credit. Still, there was some good news in the report. [more...]
Date: 2009-09-25 16:54:02
Banks Have Few Options In California
The North County Times reports form California. “Working as a real estate agent, insurance dealer, income tax preparer and credit repair specialist, Miguel Romero has helped Latinos buy 122 homes [more...]
Date: 2008-06-15 18:36:34
Corporate Bonds
Corporate bonds are firmer once again as the march of buyers continues. Trading volumes remain light as many are in year end mode. Participants uniformly report that the flow of business is skewed to the buy side and selling ... for the market and will provide some real world data points to observe if credit market rehabilitation [more...]
Date: 2008-12-30 19:53:38
Credit Crisis Sequel, Global Bank Bailout, Emerging Markets Still a Buy?, Gas Wars and More!
by Addison Wiggin & Ian Mathias Ghosts of the fourth quarter haunt global financials… so begins the second act of the credit saga Even the ... -Ukraine gas dispute not yet over… a reader provides firsthand account And… action ... $30 billion to stay afloat, analysts at Morgan Stanley predicted today. According to Morgan’s report [more...]
Date: 2009-01-14 07:36:46
Credit Crisis Sequel, Global Bank Bailout, Emerging Markets Still a Buy?, Gas Wars and More!
Ghosts of the fourth quarter haunt global financials… so begins the second act of the credit saga… Even the IMF needs a loan… $150 billion to back ... advice… with S&P 500 price targets… Plus, Russia-Ukraine gas dispute not yet over… a reader ... predicted today. According to Morgan’s report, profits at HSBC will decline “sharply” this year [more...]
Date: 2009-01-16 15:28:24
Treasury Opens Vault; Gangs of Robbers Rush In
Treasury Opens Vault; Gangs of Robbers Rush In By Robert Higgs at The Independent Institute As the fierce lobbying and politicking proceed on ... banks, ostensibly to relieve the so-called credit crunch. Other plutocrats resented being left ... . As the New York Times reports today, “nobody wants to be left out of Treasury’s proposal to buy up bad [more...]
Date: 2008-09-23 01:55:27
Consumer confidence falls to record low
The Conference Board reported a record low in consumer confidence in the U.S. going all the way back to 1967 when record-keeping began ... percent. In bad news for retail sales, only 4.4 percent of the sample say they expect to buy a car ... . Falling home equity, plunging stock markets, and a credit crisis, the likes of which few [more...]
Date: 2008-10-28 15:34:00
Giving Buyers Back To The Rental Market
The Times Call reports from Colorado. “Randy Wilber moved his wife and two kids to Longmont in 2003 ... was kind of a relief, but at the same time I felt bad - terrible,’ Wilber said. “I felt bad ... tried to buy another home and was told the short sale would affect his credit for another year. ‘That’ [more...]
Date: 2008-07-06 15:15:02
Falling Out Of A Bed That Gets Higher Every Day
The Herald Tribune reports from Florida. “Mark Brivik, a real estate investor who made a living buying, fixing up and selling houses on Longboat Key and other parts of Southwest Florida, has filed ... off her credit cards and ripped them up.” Still, even without credit card debt, Lesso is struggling [more...]
Date: 2008-11-24 14:34:43
Top Stock Picks '09: First Banks (FBS.A)
Filed under: Newsletters, Stocks to Buy, Financial Crisis, Best Stocks for 2009 This post is part of a special annual report -- Top Stock Picks '09 ... A (NYSE: FBS-A). "The major response to the credit and market bubble's popping is of course the Troubled [more...]
Date: 2009-01-11 16:00:00
We’re Never Going To Go Back To The Heyday
The News Journal reports from Delaware. “For Delaware in particular, key industries are sensitive to national economic conditions ... a certain credit score. Deborah combined the No-Document Loan with another loan and was able to buy ... . That point has been hammered home in recent weeks with employers dumping bad news on workers. ‘” [more...]
Date: 2008-10-24 15:48:52
July Reporting Roundup
Even when we have direct access to the hard facts of the local real estate market, ... suggesting that the time is right to buy. In a statement, Jarvis said excellent financing options exist for those with decent credit, including great programs for first-time homebuyers. Generally stable [more...]
Date: 2008-08-08 00:00:21
State of the Stimulus Report
In the spirit of scrambling to keep tabs on federal attempts to grease our economic machine, ... to buy debt from ten issuers. Money market funds are chock-full of bad assets. The Fed’s move ... of what we know only as the “credit crunch” every time it takes a step forward. Thoughts: -Trickle-down [more...]
Date: 2008-10-21 18:15:10
MortgageNewsClips: Today’s Must Read, Jumbos and CBs, Should Not Be, Net Worth, CRA Idiocy, Chicago Hi-Rise, Reworked at IndyMac, 4 Loan Limit, Caroline Baum, Buy or Sell?, Ira has 5
Today’s Must Read - The Future Of Residential Mortgages - Maybe - … The premise I’m starting with is that we really don’t ... with that Credit Default Swap?; Oil Does a Strange Contango Dance; The Tragedy of Bernie Madoff - John Mauldin’s Weekly E-Letter ———— latimes Fed report on Americans’ net worth is a painful [more...]
Date: 2008-12-16 00:26:17
