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

Blog posts (110) | Videos (145)
 

How to Use 0% Interest Credit Cards

If you're credit is strong enough to garner the attention of credit card companies offering 0% introductory interest rates, then you surely have the discipline Huntsville Alabama car loans financing with bad credit mortgage home loans, real estate auto insurance, web design. Huntsville schools festivals business events [more...]

Date: 2008-12-23 12:45:37

Latest News in Mortgages and Home Loans - Nov 11, 2008

AIG Gets More from the Government This morning, the big news (aside from a Chinese economic stimulus announcement) ... . Of course, now the real work begins. While it is unlikely that everything Obama says he would ... to be in the area of fighting … Lending Rates Fall, But Credit is Still Tight Lending rates are falling right [more...]

Date: 2008-11-11 12:25:52

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

Concerns Of Home Buyers

by James Weekson There are many who want to purchase a home, but are scared after hearing all of the talk about how nobody is lending money and for people with a bad credit rating that of course means there is no way of obtaining a mortgage. First of all, there will always be a company around that will lend money and even though high end banks often restrict the amount lent out and to whom they lend money to, there are always other options available. [more...]

Date: 2009-09-27 17:36:13

FDIC Underestimated The Risks Of Falling Home Prices

With so many lenders looking shaky these days, it brings up the question of how well prepared the FDIC is to deal with lender failures ... possible. Apparently the wave of refinancing that occurred after interest rates lowered ... concerns (Home Equity Line of Credit), but adressed concerns with the mortgage industry in general [more...]

Date: 2008-07-23 07:02:00

Concerns Of Many Home Buyers

by James Weekson There are many who want to purchase a home, but are scared after hearing all of the talk about how nobody is lending money and for people with a bad credit rating that of course means there is no way of obtaining a mortgage. First of all, there will always be a company around that will lend money and even though high end banks often restrict the amount lent out and to whom they lend money to, there are always other options available. [more...]

Date: 2009-09-28 07:45:51

O.C. house prices seen rising in 2013

Fed plan should stem credit card crunch Lenders did booming business in stressed counties Nominate an O.C ... should stem credit-card crunch Group calls for 180-day foreclosure moratorium O.C. mortgage rate drop a “miracle” Fed to pump $800 billion into credit markets Downey Financial to file for bankruptcy [more...]

Date: 2008-11-29 11:00:43

Economic Potpourri January 11, 2009

The barrage of noteworthy economic news continues into the second week of the new year ... increase in credit-rating downgrades on mortgage-related securities will lead to further stresses [more...]

Date: 2009-01-11 10:59:00

Job losses clearly becoming #1 economic issue

Worrying about the credit crunch and falling home prices? That's just so...2008. For 2009 we've got a new worry: a job market in free-fall. And since home prices and sales can't firm up until people have the income to support mortgages ... low mortgage rates won't lead to higher home values and increased home sales as long as 500,000 people [more...]

Date: 2009-01-09 20:30:50

Do it Yourself Credit Repair Vs. Using a Credit Repair Service

The current state of our nation’s economy has many consumers reevaluating their financial situation and seeking ways to improve upon it. And while the need for credit repair is garnering increased awareness (after all, it can help consumers acquire better rates on home mortgages and car loans, and even affect employment opportunities), how to go about repairing your credit can be a frustrating, bewildering and downright overwhelming process. [more...]

Date: 2009-07-17 03:11:36

Wachovia (WB): Still Too Much Crap On Balance Sheet For Anyone To Buy It

wachovia_logo.jpg Credit Suisse cuts estimates on Wachovia (WB) after that mind-boggling $9 billion write-off ... high, in our view. Credit Suisse reiterates its Neutral rating and $14 price target. See Also ... . It also says the worsening credit crisis and WB's mortgage-ladened balance sheet will keep buyers [more...]

Date: 2008-07-23 14:51:31

Do it Yourself Credit Repair Vs. Using a Credit Repair Service

The stream state of the nation’s manage to buy has most consumers reevaluating their monetary incident as good as looking ways to urge upon it. And whilst the need for credit correct is garnering increasing recognition (after all, it can assistance consumers take improved rates upon home mortgages as good as automobile loans, as good as even begin practice opportunities), how to go about correct your credit can be the frustrating, bewildering as good as officious strenuous process. [more...]

Date: 1999-11-30 00:00:00

Bad Credit? Have We Got a Mortage for You...

From Giovanni Diviacchi:My wife and I want to buy a house, but we found that the only mortgage that we were eligible for was a new product called a Late Payment Mortgage.  It's for people with really bad credit.  The bank gives you a lower interest rate if you let them begin foreclosure proceedings at the closing table.***Giovanni Diviacchi is a business analyst and stand-up comedian in  Washington, D.C. [more...]

Date: 2009-06-13 10:00:00

Link exchange

TODAY's recommended economics writing: Let's have an excerpt exchange ... . There is simply no one willing to lend. Yet I would have no trouble buying a second home and getting another mortgage at a reasonable rate of interest and I am hardly a rich man. Credit market segmentation [more...]

Date: 2008-10-06 20:56:33

Did You See What God Just Did To Us, Man?

Evangelical Christianity’s prosperity gospel is indicted for ints contribution to our current economic troubles: ... who got dicey mortgages to believe “God caused the bank to ignore my credit score and blessed ... to Wachovia and get a loan,’ but I have heard, ‘Even if you have a poor credit rating, God can still [more...]

Date: 2008-10-13 12:22:42

Commercial Mortgage Meltdown Has Just Begun (Update)

According to the AP, there is another mortgage crisis looming ... year, according to analysts from Fitch Ratings Ltd., which evaluates companies’ credit. “We’re ... with Herrick Feinstein in New Jersey. That’s bad news for more than just property owners [more...]

Date: 2008-11-30 04:27:00

Morning Commentary

negative interest rates; FDIC thoughts on the housing bubble in 2004; Cecilia Rouse over Austan Goolsbee?; Greg Mankiw's Macro Quiz 1 ... of 2004. The article was entitled Housing Bubble Concerns and the Outlook for Mortgage Credit ... to put up collateral on transactions such as credit default swaps. The main point is not so much [more...]

Date: 2008-11-21 15:18:57

With Things So Bad In The Economy…

…why is this happening: You know what I got in the mail yesterday? An offer from my credit card company, for a $50,000 unsecured personal loan. Did you catch that? Unsecured. That amount of money would require me to make the equivalent of another mortgage payment to repay them. That offer came as a result of our credit rating, and we would [more...]

Date: 2008-09-30 15:47:13

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: 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 Rates following a Dismal Jobs Report

This mornings Jobs Report was ugly. 240,000 non-farm jobs lost in October (higher than the expected 200,000) and unemployment at 6.5% ... with a sales price of $500,000 and a loan amount of $400,000. Rates are priced based on a low-mid credit score ... . Equally bad are the revisions to August and September's figures reflecting additional losses [more...]

Date: 2008-11-07 16:48:53

Mortgage Rates Are Falling! Will It Be Enough To Save The Market?

As most people know by now, the government has seized control of Fannie Mae and Freddie Mac ... . Credit score requirements are higher and income qualifications tighter. The net effect ... payments; one could venture to say that credit scores across the population are not as good [more...]

Date: 2008-09-11 18:42:24

Greenspan Conundrum In Reverse

There was an interesting chart in the New York Times article Shrinking Lines of Credit. The fact that home lines of credit are shrinking is not really news, nor is the fact that mortgage rates are stubbornly high. I have talked about both of those on many occasions. However [more...]

Date: 2008-06-08 17:02:59

Fannie and Freddie to Announce Mass Loan Modification Program

re-default. This may also further erode investor confidence in residential mortgage backed securities, ... monies to put towards housing payments. Step 3) Start Improving Your Credit Rating This can take a long ... you pay your bills on time, that you have good credit.  Paying your bills on time only accounts for 30 [more...]

Date: 2008-11-11 19:02:07

Mission and Recession

by Skye Jethani The financial talking heads are attributing the current economic crisis to a number of things: lack of regulatory oversight, ... rate and over $8000 in credit card debt. As Dave Ramsey says, we are not “acting our wage.” ... bad mortgage lending practices, and globalized market structures. But some of the more plainspoken [more...]

Date: 2008-12-10 17:00:51

Alt-A and ARM resets could trigger another crisis!!!

We are winding down out of subprime and going into Alt-A and ARM resets. We have government funding for homes in two ways. One, incentives with lower rates and tax credits, but, there is more. The GSE’s are allowing loans that are 105% and where the monthly debt to income is over 60%. These loans have high default rates and we will pay the price as unemployment stays high. quote Let’s look at a few facts: The Fed is literally the entire mortgage market. Yes, really. [more...]

Date: 2009-09-29 18:15:58

Mortgage Refinancing Rates

by Ray Lam If you are a homeowner in the process of refinancing your mortgage, proper comparison shopping can save you thousands of dollars ... quotes so the lenders do not access your credit reports until you are ready to submit the application ... have several loan options. Usually, homeowners refinance to lock in a low fixed rate. This way [more...]

Date: 2008-07-21 11:04:19

Data Mining And Easy Credit Will Save America! [Marketing]

How did all those shady mortgage companies get America's finances all fucked up in the first place? ... bankrupt. Even the big credit rating firms like Equifax and Experian make huge money slicing ... ? The exact same way! Data mining is going just as strong as ever, and all these credit card and loan [more...]

Date: 2008-10-22 13:27:45

Commercial Real Estate Mortgages - Basics to Getting Your Loan!

There is quite a difference in the process of obtaining a commercial real estate mortgage versus obtaining a loan to buy or refinance residential ... person” separate and distinct from its owners/shareholders. It has its own credit rating ... . They have made good money and feel they are now in a stronger credit position and would [more...]

Date: 2008-11-23 06:01:14

It’s time to refinance ~ but is your home worth enough to get that great low rate?

Short sales, Bailouts, Mortgage Reductions…there are all kinds of programs being talked about, ... .  You have a credit score over 800?  Awesome…we’ll give you a loan for up to 100% of the value of your home ... .  But I have a question.  What about the homeowner who has never missed a payment, has a great credit score [more...]

Date: 2009-01-17 04:16:58

How Do Home Equity Loans Work as Second Mortgages?

Writer Dan Ackman notes in an article at www.forbes ... is lower rate than credit cards and auto loans ... of credit (HELOC) or a home equity loan. An HELC works much like a credit card. It’s a revolving [more...]

Date: 2009-01-16 21:17:18

Meltdown far from over, new mortgage crisis looms

from the Associated Press: Black Friday’s retail shoppers hunting for holiday bargains won’t be enough to stave off what’s likely to become the next ... Ratings Ltd., which evaluates companies’ credit. “We’re probably in the first inning ... . That’s bad news for more than just property owners. When businesses go dark, employees lose jobs [more...]

Date: 2008-11-28 16:17:23

Home Equity Loans Versus Home Equity Lines Of Credit

There is a difference between these two ways of obtaining credit. As great as the differences are, the uses are also radically opposite ... that is not affected by a URL=http://www.badcreditloanservices.com/bad-credit-mortgage.html mortgage /URL ... your credit card debt to avoid an endless refinancing, or any one-time purchase. The interest rate [more...]

Date: 2008-10-29 15:15:19

Homes For The Holidays

Homes For The HolidaysBy ContraryInvestor.com | 5 January 2009Homes For The Holidays…Unfortunately, yeah, and plenty of ‘em ... global credit cycle.It’s been a while since we’ve checked in but all of us know that residential RE ... only have taken advantage of these new lower mortgage rates by first canceling the prior loan [more...]

Date: 2009-01-05 20:13:00

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

Adjustable Attitudes Instead of Adjustable Mortgages

Oh no! Someone is telling people NOT to spend huge amounts of money on their houses! Everybody run away! ... their credit rating, their health and their family’s security in order to live in a home that is so far ... of what needs are vs. wants. A person might think that they “need” a car, that they “need” TV [more...]

Date: 2008-11-28 18:01:34

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

Who’s At Fault for Economic Crisis - Everyone: Tom Friedman

I would encourage everyone to read Thomas Friedman’s column in the New York Times today.  Along those same lines check out PBS’ Now and their report on the credit rating agencies ... , with nothing down and nothing to pay for two years; people who had no business pushing such mortgages [more...]

Date: 2008-11-26 14:57:32

On the Road to Home Re-fi

So, we finally decided to start the process of refinancing our home. I thought we'd try our current mortgage company first. First off, let me say that I've had three years of bad customer service from this company ... we got was one of the lower ones for our credit rating. I only did a little research on closing [more...]

Date: 2009-01-06 13:39:00

Bush WH Ignored Mortgage Meltdown Warnings

“In hindsight, it was spot on.” -Jeffrey Brown, former top official at the Office of Comptroller of the Currency, ... than many fixed rate mortgages,” David Schneider, home loan president of Washington Mutual, told ... by the White House. The proposed regulations might have avoided the worst fo the housing and credit [more...]

Date: 2008-12-01 19:43:15

5 Credit Repair misunderstandings

Amazingly, consumers find more than 13 million inaccuracies on their credit reports each year ... , there is a better way. Mortgage lenders and car dealerships have direct admittance to the credit ... . These inaccuracies can cost you the purchase of a home, a car, interest rate increases [more...]

Date: 2008-12-12 19:25:14

Fed “Shock & Awe,” What 0% Means, 2008 Pay Raises, Controversial Auto Survey and More!

Fed saves us from ourselves… details of the historic FOMC decision… Dan Amoss and James Turk on the implications of 0% interest rates… Dollar gets ... to further support credit markets and economic activity.” “This announcement,” Dan Amoss wrote ... . This may include a major mortgage refinancing initiative in 2009. A hint of such an initiative [more...]

Date: 2008-12-18 19:08:51

Maybe God will provide the 700 billion

and maybe even refinance the mortgages so people won't be evicted ... not gonna say, 'Go down to Wachovia and get a loan,' but I have heard, 'Even if you have a poor credit rating, God can still bless you — if you put some faith out there that is, make a big donation [more...]

Date: 2008-10-04 23:13:02

Checking Out Current Mortgage Refinance Rates

Inspired by Jim’s recent efforts to research a possible refinance, I decided to drop by LendingTree to see what they have to offer ... offers that don’t take into account your credit score, etc. He further stated that he could do much [more...]

Date: 2008-12-23 20:55:28

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

Does It Pay to Re-Finance?

Does It Pay to Re-Finance? Refinancing your mortgage can be an excellent opportunity to save money and get better terms on your home loan ... of re-financing. These situations include when rates of interest drop, when the householders credit ... t be longer than the householder plans to retain the property. Credit Score Improvements [more...]

Date: 2009-01-08 14:49:52

Wednesday morning links

TOP STORIES China cuts rates, Fed and others set to follow - Reuters Fed May Cut Rate to 1%, ... the Next Crisis: It’s Credit Cards - NY Times Why the surge in home sales is bad news - MSN Money ... down a third of mortgage applications - Times Online Canada's housing market 'tracking' U.S. boom [more...]

Date: 2008-10-29 13:11:00

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

Other types of credit may be feeling the crunch, but home mortgages are still readily available

This is my column for this week from the Arizona Republic (permanent link) ... are difficult to obtain right now and come at much higher interest rates. Using an FHA loan ... possession of the home for no money out of pocket. But there’s a catch: To obtain an FHA loan, the home [more...]

Date: 2008-10-04 15:44:40

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