- Mortgage Debt Consolidation – What to Watch Out For

credit card logos.jpg Mortgage debt consolidation can be a smart financial move if you do it right and your financial situation warrants it ... the other day and overheard one of the bank managers explaining to a prospective mortgage refinance ... , and avoided those with credit problems that would go on to plague so many other lenders. Upon hearing [more...]

Date: 2008-07-18 06:27:48

Blog posts (30) | Videos (46)
 

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

SCAMTIME

SCAMTIME December 05, 2008 By: randy37 Category: Loans, Contributors I suppose that is an entire class of scam artists that are always around, ... with so many credit problems, the credit repair folks have re-appeared. The FTC has guidelines ... your credit, but the Federal Trade Commission shut most of those guys down. Then it was the mortgage [more...]

Date: 2008-12-06 00:50:39

Is it smart to stop paying the mortgage?

For those investors who are always looking for loopholes or ways to “get over” the establishment, let me tell you: You can’t beat the system ... that happen? No. Simply put. Imagine if you default on your loan. Your credit rating will suffer ... problems. Another alternative: Refinance with an FHA mortgage. Third, review your current loan. By any [more...]

Date: 2009-01-14 03:14:12

take it on the chin

I am a firm believer that Ignorance and freedom is incompatible ... like me to keep them, and the steady stream of mortgage payments going to said banks. Too much credit got us into this problem but now we trying to make folks get more credit. It is nothing more than [more...]

Date: 2008-10-02 12:56:00

Credit Crunch Hitting Car Dealers

At least 600 of the 20,700 new-car dealerships in the U.S ... of years, " said Paul Melville, a Grant Thornton partner. "But the current credit crunch and high cost ... a credit crunch, consumers have their own problems: making the mortgage payment, paying the energy bills [more...]

Date: 2008-10-02 16:39:33

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

How To Contact Creditors To Help With Credit Repair

Good credit has become nearly a necessity these days. Credit has become almost essential to buying a car or a home ( ... , and getting a mortgage may be impossible. It’s important to repair your credit as soon as you notice a problem because you’d be surprised at what kind of credit repair you can accomplish by being [more...]

Date: 2009-01-15 23:57:12

Credit and Debt Consolidation

Winter is the wonderful time to travel to the beautiful and warm places like Florida ... to her as of now she encountered a lot of problems such as credit cards, personal loans and many ... their bills, taxes, foods, mortgage, tuition fees, car repair and many unexpected expenses [more...]

Date: 2009-01-14 07:08:16

U.S. Government Should Publish All Mortgages It Buys

It appears that the United States government is going to purchase hundreds of billions of dollars worth of bad mortgages in an effort to prevent the ... -- affected directly by failing mortgages, decreasing home prices, and the accompanying social problems ... of the Bear Stearns High-Grade Structured Credit Strategies Master Fund. This fund is a classic [more...]

Date: 2008-09-24 22:11:26

Medical debt adding to credit crisis and economic problems

For me this is one of the most disgraceful aspects of the Republican control in America ... led them to amass a pile of credit card debt and forced them to refinance the mortgage on their house ... where someone either went into debt or feared going into debt so opted for no health care or a bad [more...]

Date: 2008-10-30 05:57:01

July 15th: How does one get $1 million in bank stocks? Start with $2 million.

What Capital Markets employee hasn’t dreamed of being a rodeo clown? “They put themselves in the line of danger every time they go to work ... housing and credit problems could claim more banks after the failure of IndyMac. Suntrust, National City ... for upfront and annual mortgage insurance premiums (MIP) on FHA loans. The Fed approved a plan Monday [more...]

Date: 2008-07-15 13:37:18

'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

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

Mortgage Loans

There are times when we were not able to fulfill our dreams at the right time ... and it is very vital to move a single day in this planet.Many people with bad credit are affected by financial problems a lot.Since most lenders will not sanction loans for people with bad credit [more...]

Date: 2008-10-15 00:28:17

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

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

Before you put in an offer….Check out the Condo Assoc.

Today, Wells Fargo turned down a mortgage applicant with a very, very high credit score ... and he informed me that my agent’s client has: “A high credit score, but 151 Tremont Street has a problem” [more...]

Date: 2009-01-16 02:10:54

if vince lombardi ever addressed members of the mortgage industryhis message: ma

Coach Vince Lombardi who led the Green Bay Packers to many football champio hi was a stickler for the basics and the specifics ... it will be interesting to see who is left standing. The auto y of this debacle will be debated for years to come ... , financial ruin, bankruptcies, credit destruction and medical problems grounded in stre may have their roots [more...]

Date: 2008-06-20 18:34:34

Bad Credit Loan Mortgage Foreclosure Information

Many people are delaying their obligation to get auto insurance. Well, auto insurance is important for today, because this is the right help if you get any kinds of auto emergency, such as theft and accidents that have become regular problems [more...]

Date: 2009-01-15 08:23:07

Bryan Ellis On Subject-To Real Estate Investing: 7 Big Problems

Bryan Ellis On Subject-To Real Estate Investing: 7 Big Problems Posted By Bryan Ellis on @ 1: ... ever wanted a way to buy an unlimited number of properties without using your own credit ... to the seller’s mortgage, but it’s a very bad policy to give a seller this impression. Instead, make [more...]

Date: 2008-12-01 13:46:57

Financial Forecast for 2009, Considering Resource Limitations

In this post, I consider some major issues contributing to our current financial problems, before making a financial forecast for 2009. These are 1 ... from the bottom: Layer 1. Household Debt (Mortgages, auto loans, credit card debt, student loans [more...]

Date: 2009-01-06 15:10:32

Suffering For Someone Else’s Problems

The Courier Journal reports from Kentucky. “A large chunk of western Louisville and the Shively area saw a 22 percent drop in median home prices in ... on a large number of mortgage foreclosures in those areas, along with a tight credit market that makes it tough for buyers to get financing.” “Kennie Romans, who has worked as a real estate agent [more...]

Date: 2008-08-11 15:32:16

Dept Consolidation

We can't deny the fact that money is the number one problem in our society nowadays. Most people throughout the world are running short of cash. They need money to pay their bills, taxes, foods, mortgage, tuition fees, car repair and many ... and different kinds of credit cards. She tried her best to pay monthly but she can’t provide the exact [more...]

Date: 2008-10-15 23:44:20

FHA Mortgage: HUD May Prevent Your Loan From Closing

by Carl Pruitt Several years ago a problem cropped up all across the mortgage/real estate world and started causing a lot of problems for lenders ... ”. This type of investor uses their own money and credit to buy up foreclosures and other distressed real estate, repair the property and then sell it at a profit. This provides an important function [more...]

Date: 2008-07-19 00:38:33

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

30-Year Mortgage Rate Falls Below 5%

Just when you thought mortgage rates couldn’t get any lower, they did ... rate and refinance can’t meet the credit requirements and will not get approved, reports today’ ... their credit might not be up to par, but they might lack sufficient home equity. The “underwater” problem [more...]

Date: 2009-01-15 09:49:00

Fears of Mortgage Rate Re-Sets May Fuel LIBOR Manipulation and Mask Deeper Banking System Problems

It’s panic time for U.S. legislators, regulators, banks and lenders. More than $24 billion worth of adjustable-rate mortgages (ARMs) ... and sovereign borrowers. If interest rates remain high and interbank lending remains tight, the credit ... appear better than they really are? If that’s the case, it’s one more reason the credit crisis [more...]

Date: 2008-10-23 15:45:31

Taking Discounts As A Way To Liquidate Property

The Palm Beach Post from Florida. “Homeowner Chentella Harper-Graham fell behind on her mortgage payments after a one-two punch to her pocketbook ... have been. ‘My credit didn’t get hit too hard,’ Harper-Graham says.” From Wink News. in Florida. “ ... how many vacant homes you are seeing and houses falling into repair problems,’ says Councilman Tim Day [more...]

Date: 2008-06-11 14:46:09

The Problem with “Maxxing Out”

As we all know, there are lots of people who are in deep trouble with their mortgages ... they go?) until the sheriff shows up at the door with the eviction notice. Bad news all the way around ... Equity Line of Credit (HELOC) which comes complete with a checkbook and debit cards that look [more...]

Date: 2009-01-06 23:08:39

30 Results