Take Control of Your Finances Part 6: Get Out of Debt
Debt is like indentured servitude. You work and earn income, but you hand over that income to someone else ... as well. Good debt versus bad debt One comment you may hear is that mortgages and student loans are “good debt” while credit cards and car loans are “bad debt.” The philosophy here is that houses [more...]
Date: 2008-11-21 17:52:35
Blog posts
(53)
|
Videos
(23)
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
FHA Loans- Affordability Solutions for First Time Homebuyers
Author: Jared Martin “FHA” and “First Time Homebuyers” are real buzzwords as far as home buying is concerned, ... . The intent of this article is to quantify the features of this loan, both good and bad, and discuss ... Housing Authority. Recent events in the credit markets have made the FHA loan a true affordability [more...]
Date: 2009-01-02 03:10:31
The Questionable Aspects of The Housing Bailout Bill - H.R. 3221
By Xin Lu In my last article I wrote about the one aspect of the $300 billion dollar housing bailout that I thought made sense, ... loan despite bad credit and past financial mistakes. This is encouraging for those truly trying ... of the mortgagor's current FICO or other credit scores, or any delinquency or default by the mortgagor under [more...]
Date: 2008-07-24 23:05:15
FHA to lose $4.6 billion in bad loans; promises more to follow
What a car-wreck. The Federal Housing Administration guarantees loans for millions of borrowers. The FHA is often the lender of last resort; it allows those with blemished credit to get loans ... has done studies that show that the majority of bad loans are generated from people who get “third-party [more...]
Date: 2008-06-10 03:07:05
Spruce Up Your Abode with Home Improvement Loan
by katie George Everyone has got dreams about his house. One dreams about how it should be, how would be the decoration and many more things ... an open door for the bad credit holders too. Bad credit holders only have to pay slightly hiked ... want to repair your kitchen or the drawing room, may want some new kitchen appliances or you may [more...]
Date: 2008-12-22 09:49:31
Bad Credit Home Improvement Loans: Helps Improving Your Home
Home improvement sometimes becomes a headache because adding something newly to an already built house is quite troublesome. However, it is true that you will get financial assistance through loans but for bad credit holders getting this assistance become tough. [more...]
Date: 2009-01-13 12:56:21
“we’re in this mess, ultimately, because our political elites thought it was good social policy to encourage banks to give mortgages to uncreditworthy people, resulting in what Sailer months ago called the “Diversity Recession”
Read it and send it to eveyone you know! When I and my wife, a legal alien, bought our house, ... indulgence towards junk science. If the bank gave loans to white people like my wife with no credit, or bad credit, the bank would later look bad if was sued for discrimination, even if it was innocent [more...]
Date: 2008-09-25 15:28:49
How To Buy A House
There has been a lot written about the mechanics of how to buy a house ... again you might even need a down payment to get a loan. A bad credit rating no longer just means ... . But what if you can’t get preapproved? What if you have little income, bad credit or other serious problems [more...]
Date: 2009-01-13 02:01:00
Repairing Bad Credit - Things You Need To Know
If you plan on buying a house, a car or foresee needing a loan for something, then it’s important to improve credit, ... and a score in the 700s can end up costing you thousands of dollars in interest. Bad credit repair isn’t something you can pay a nefarious character to just “erase.” Your credit score is designed to let [more...]
Date: 2008-12-09 10:57:47
Personal Loans For People With Bad Credit
by Trinity Davidson If you need to send a child to college, remodel your house, ... loans in the amounts ranging from $3,000 to $250,000. They may require you to offer evidence ... to provide a copy of your drivers license and social security card. They will also want to see your W2 [more...]
Date: 2009-01-17 17:47:04
Housing in O.C. beach towns slumps, sales off 28%
Analysis of MDA DataQuick’s November report shows the county’s beach-close communities are clearly being challenged by a credit crunch and a ... rents? 30-year mortgage at 37-year low CA banks drop protection against bad loans Mortgage aid scheme a failure Bad house, car debts mount in O.C. [more...]
Date: 2008-12-22 08:24:51
Can We Stop Falling House Values? An Op Ed by the NAHB
This is excerpts from an op ed piece written by Steve Hodgkins ... mortgage lending boom send housing prices way too high because credit was too easy? Or did housing prices fall because those loans went bad? Or both? Falling values have decimated the single-family [more...]
Date: 2008-12-09 15:19:51
HOUSING PUSH FOR HISPANICS SPAWNS WAVE OF FORECLOSURES
For years, immigrants to the U.S. have viewed buying a home as the ultimate benchmark of success ... loans, which carry high interest rates and are tailored to borrowers with low credit scores or few ... the housing boom. But when these markets began to weaken, bad loans depressed the value of neighboring [more...]
Date: 2009-01-06 13:19:54
Can We Stop Falling House Values? An Op Ed piece by the NAHB
This is excerpts from an op ed piece written by Steve Hodgkins ... mortgage lending boom send housing prices way too high because credit was too easy? Or did housing prices fall because those loans went bad? Or both? Falling values have decimated the single-family [more...]
Date: 2008-12-09 15:32:05
Is Canada in a Recession?
I know this has nothing to do with travel, but I really have to ask this question: Is Canada in a Recession? Has your daily life changed? Has your bank called your loan? Is your credit gone? Have you lost your house? Yes ... and we are selling it everyday. Is it really as bad as they are saying it is? There has been a downturn [more...]
Date: 2008-11-27 18:50:03
3rd Wave of Foreclosure Hits The Jobless
People With Traditional Mortgages Who Have Lost Their Jobs Are Now Facing Foreclosure (CBS) ... up. With a government job, good credit, and a 30 year fixed rate loan on her southern California house, Judy ... swept up are not greedy investors, or people who got in over their heads with bad loans, reports CBS [more...]
Date: 2008-11-29 06:00:20
Race based social engineering led to current economic crisis
Race based social engineering led to current economic crisis Diana West is one of the few with the guts to say it: ... for minorities. To implement this policy, banks had to overlook traditional markers of good and bad risk--credit histories, employment, down payments, etc.--thus opening up the housing market to loan [more...]
Date: 2008-10-06 07:25:01
Topics In First Time Mortgages Explained
Topics In First Time Mortgages Explained Posted By Chris Channing on @ 11:30 pm by Chris Channing When it comes time to buy a house or vehicle, ... locations. 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 lenders these days expect most to have a less [more...]
Date: 2008-10-21 04:30:38
Thanks Hank: AIG Wants A Third Loan While Ten Percent Of $700 Billion Bailout Could Go To Bonuses
Chris Carey wrote this: When the Treasury Department’s bailout czar provided an update this week on the government’s $700 billion plan to rescue ... . AIG has already used two-thirds of its $122.8 billion credit line in the past month to cover bad bets made on the U.S. housing market. A third loan would add to evidence that an emergency $85 [more...]
Date: 2008-10-20 21:24:37
Not with a bang but a whimper
This is how you lose liberty. If an FBI agent looks at a terrorist's library records or Larry Flint has to pay additional postage for child ... , this is a very bad idea: Sixteen House Democrats who opposed a similar bill realized ... mortgage interest rates closer to those on, for example, auto loans or credit cards. A bankruptcy [more...]
Date: 2009-01-08 18:55:08
Should You Walk Away From Your Home?
(source) Despite the struggle, most responsible homeowners don’t think twice about whether they should make the mortgage payment each month ... back from bad credit and don’t want to let your credit score sink again. Whether you choose to fight ... a shot at a loan modification, when you can just take the “Free Housing For Six Months Package” [more...]
Date: 2008-12-03 22:29:29
Gambling on Credit
Like buying a house, credit cards at one time were rewarded to those who were able to pay interest on the loans they represent ... qualification to sub-prime lending. When we became bombarded by constant pleas to take another credit card ... pay off their credit cards. They're rolling them from one month to the next and that's a bad sign [more...]
Date: 2009-01-04 20:30:00
Is Now the Time to Take Advantage of the Housing Crisis?
The following is a guest post from Rich Credit Debt Loan ... to offer you a loan that you can leverage to make that extra income. Unless you have perfect credit ... with images of foreclosed properties, falling home values and pretty much bad news all around [more...]
Date: 2008-06-26 12:55:13
No shit, Sherlock...
You mean there were people who saw this coming? And said something about it? And no one listened? Why does that sound like Bush's America to me? ... were often inappropriate for buyers with bad credit. -Banks would have been required to increase ... new guidelines for banks writing risky loans. Today, in the midst of the worst housing recession [more...]
Date: 2008-12-02 08:14:07
$150 000 in debt with credit card
I am about 27 years old and I am $150 i debt from bad spending habits and house payments as well as loans. I have kept a job but i am only able to pay little of my debt as just keeps increasing. I am looking into bankruptcy but i would like some further consulting. Thankyou Posted from: Ontario [more...]
Date: 2008-12-10 18:42:34
Atlanta Real Estate Recovery
Post 2 of 3 in the Atlanta Real Estate Recovery series (energy, housing, credit). Roger Tutterow Ph.D ... inventory of homes which causes a longer time on market. However, this news is not all bad either ... college grads were some of the same one’s who had school loans, credit cards, new cars, and a huge [more...]
Date: 2008-12-10 12:30:41
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
Subprime Queen Leads Obama Inauguration Team
Barack Obama has repeatedly chastised failing banks for using subprime loans to victimize borrowers yet his newly crowned inauguration co-chair ... to compensate for the increased risk of borrowers with bad credit or those who lack the income to qualify for a regular loan. Like Obama, the Department of Housing and Urban Development says minorities [more...]
Date: 2008-12-02 16:24:49
Bad house, car debts mount in O.C.
TransUnion, one of the big three credit bureaus, reports that delinquencies rose in the third quarter on homes and cars in Orange County but remained flat on credit cards. The ratio of home loans 60-days past due climbed to 4.6 ... % a year ago. Credit card 90-day lates were flat in O.C. at 1%. The chart (click on it for larger image [more...]
Date: 2008-12-17 11:00:03
It's the Housing Market, Stupid
Bad real estate loans helped set off the global credit crunch. Can modifications on home mortgages speed a recovery? [more...]
Date: 2008-10-21 11:37:35
Credit Consolidation Services
Credit Consolidation Services Filed under: Business, Finance, Loans Foreclosure numbers are currently skyrocketing in a flat housing market, ... of homes, and many financial institutes were seeing an increase in bad debts. As a result, there were [more...]
Date: 2008-10-21 06:32:32
House Price Searches Soar as Prices Plummet
With the market tailspin continuing, we are seeing some interesting changes in consumer search behavior that point to opportunities for marketers ... . Bad Time for Borrowers At the same time, we have seen an increase in searches related to credit cards and loans. For example, share of US Internet searches for "credit cards" are up 107% in the past [more...]
Date: 2008-09-30 14:30:04
$7,500 1st Time Home Buyer Tax Credit
$7,500 1st Time Home Buyer Tax Credit By admin | January 13, 2009 I got an e-mail about this and wanted to share some thoughts ... /homebuyerscredit.php The purpose of this is to stimulate the housing economy with a $7,500 interest free loan ... am saying its a bad thing. But I think it is more of a neutral thing than it is a good thing [more...]
Date: 2009-01-13 13:28:57
Wall Street bailout: Congress 'must move'
by Mark Silva With leaders of both Democratic and Republican House ranks blaming each other for the initial failure of a $700-billion federal ... if the government does not act to unlock financial markets frozen by bad mortgage debt threatening a credit crunch at every level of the economy, threatening everything from home loans to car loans [more...]
Date: 2008-09-29 21:35:44
Save My House
Save My House There is an attorney-based loss mitigation company with over 20-years of in-depth experience with foreclosure laws ... hardship that makes paying their mortgage impossible We can even help homeowners who have: Bad credit ... Every reason that disqualified a borrower for a refinance qualifies them for a loan modification [more...]
Date: 2009-01-15 13:55:19
How Wall Street’s Meltdown Helps Main Street’s Housing
Just for fun, let’s imagine a possible silver lining to the complete melt down on Wall Street ... to extend car loans, credit card debt, retail debt and so on. But this may not be all bad ... are up and his long commute is killing them. They need to buy a different car. “But no one is lending money [more...]
Date: 2008-09-19 13:00:15
A prediction for the bailout
by Jay McDonough The primary reason given for the failure of the bailout to get through the House today is the public reaction to the bill: ... . Treasury can use it to back Wall Street’s bad debts with lend no-interest loans of up to two years ... lays me off because they're unable to secure credit? No one is happy about the circumstances we find [more...]
Date: 2008-09-30 03:03:27
'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
Wow, the Mother of All Bailouts Failed to Pass the House (Further Update: Carnage Assessments)
I'm actually quite surprised. The stock market in a panic. I wonder whether Paulson and Bernanke have a Plan B ... since the Great Depression. The crisis that began with bad home loans to subprime borrowers ... manages $5 billion in San Antonio. ``This is the worst we've seen it since the credit mess started [more...]
Date: 2008-09-29 18:23:32
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
Pakistani Bailout Plan
Governor of The State Bank of Pakistan Dr. Shamshad Akhtar has at last woken up after days of uncertainty of the banking sector and has admitted ... ballooned, and has generated bad habits of credit cards, auto loans, house loans and other types ... put the fear of God in the public about the fact that something can also go bad, while leaving them [more...]
Date: 2008-10-17 20:00:23
How To Afford Repairs With Bad Credit?
posted by mkellett Those who need finance for repairing house appliances or fixing any electronic device, can find it very difficult to get a loan if they have bad credit. However, it is possible to obtain bad credit loans and use the money to pay for repairs regardless of your credit score or history [more...]
Date: 2008-12-25 14:25:20
■ Payday Loans
Global economic turns very badly nowadays, many multinational companies overhere in Penang having shutdown from Christmas day till 4th Jan 2009 ... loan to pay for their house, car, personal expenses, education and more. But for those who are a bad ... they are a bad credit, slow credit or no credit. Hope that they are not becoming the victims of “loan [more...]
Date: 2008-12-24 04:45:00
Badcreditloanshop.com
.fullpost{display:inline;}The most common problem is financial. same financial problems that contribute to this problem in the bad credit loans ... for you to secede from debt in bank and also credit card, requirement of house, health, insurance ... of your family. Eliminates taste is anxious about debt, with bad credit loan of all your requirement [more...]
Date: 2009-01-13 09:47:00
How To Afford Repairs With Bad Credit? Posted By : Melissa Kellett
Those who need finance for repairing house appliances or fixing any electronic device, ... can find it very difficult to get a loan if they have bad credit. However, it is possible to obtain bad credit... This is a content summary only. Visit my website for full links, other content, and more! [more...]
Date: 2008-12-17 05:00:00
Debt Consolidation Tips & Resources
Hubby and I are discussing about getting a credit card for myself so that we can use it for good in the future ... of debts in credit cards. Until one day, he ended up of bankruptcy. Bankruptcy is really a bad idea because your credit line will be bad, you can’t apply for a loan instantly especially housing loan [more...]
Date: 2008-07-09 12:33:16
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
Bad Credit Loans
Are you short of money? Scared that you may not be able to buy your own house you promised your wife this birthday? ... to know more visit the site. They also have extensive material on how to clean up and repair bad ... Planning to apply for a loan but don't have a good credit to get one? Then stop worrying. Bad [more...]
Date: 2009-01-12 16:38:32
How To Afford Repairs With Bad Credit?
Those who need finance for repairing house appliances or fixing any electronic device, can find it very difficult to get a loan if they have bad credit ... an income requirement that needs to be met. Anyone who wants to apply for a bad credit loan (or any kind [more...]
Date: 2008-12-17 23:14:58
