Things to Consider If You Can't Afford Your Payment

I read a lot of the info. you have on your web page ... thank you. I don't live in San Diego so I'm not looking for a home. What I am trying to decide is whether to sell or refinance. I live in DELETED. My mortgage payments are now approx. $2,400. I cannot afford to refinance into a fixed rate mortgage or interest only [more...]

Date: 2008-12-28 15:23:29

Blog posts (119) | Videos (94)
 

6 Factors Shaping the Renewable Energy Industry in 2008

Many industries experienced turbulence this year and renewable energy was no exception ... It is not just hard to secure a mortgage. Homeowners wishing to pay for a solar system using a home equity loan may ... . 2008 was really a mixed bag for the industry, with lots of good and bad news. 1. High Energy [more...]

Date: 2009-01-01 01:26:22

WaMu’s New $1 million 5-year 1% Balloon Loan (mod) - $878 Per Month!

1/5/09 - EFFECTIVE IMMEDIATELY - Modified Loans are Ineligible For Fannie/Freddie Refi’s, while FHA MAY Be Eligible ... for conforming loan financing.” All Sorts of Consequences This has all sorts of consequences ... . In my experience, most mods result in one of more of their definitions of ‘restructured.’ A restructured loan [more...]

Date: 2009-01-12 17:52:15

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

Another Quasi-Nationalization, House Debuts Obama Stimulus, Russian Resource War Approaches, Prices Fall and More!

by Addison Wiggin & Ian Mathias Congress unleashes remainder of TARP… another $350 billion into the void Treasury wastes no time… Bank of America quasi-nationalized Dan Denning on the real issue plaguing American financials Obama’s fiscal tenure off to terrific start… $825 billion stimulus bill, [more...]

Date: 2009-01-16 20:25:19

?Home Foreclosures: More Than Just Bad Budgeting

by William Blake For the past several years, the number of home foreclosures has been steadily increasing and it seems that there is little chance for the situation to improve itself. The people who are affected by home foreclosures ... to be individuals who have had some bad experiences financially or who have been taken advantage [more...]

Date: 2009-01-16 10:05:19

You Can Implement your own Credit Repair

by Rob Kosberg One day you realize that you are in a serious personal financial disaster situation ... of your salary that goes for necessities such as mortgage, car loans, credit card payments, utilities, other loan ... . This is the income you can devote to reducing debt. Next, decide which loans and credit cards [more...]

Date: 2009-01-14 23:27:42

Banking Industry Sinking Faster Than Government Can Bail?

A useful piece at the Wall Street Journal discusses the poor prospects for the US banking industry, ... and Treasury. The article makes much of recent and almost-certain-to-get-worse bank credit losses ... , are starting to mount. Construction loans were an important business for local and regional banks [more...]

Date: 2008-12-30 06:21:47

Economic Diffusion Works

Get out of your feed reader and comment on this post- we PROMISE that the ShamWow guy won\'t pop out when you do.. ... or limited credit. Fannie Mae and Freddie Mac maintained the bulk of the rest of the mortgage market. A borrower needed good credit and at least a 3%-5% down payment (or equity) to secure a mortgage [more...]

Date: 2008-12-14 16:16:41

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

“We can put light where there’s darkness, and hope where there’s despondency in this country ... S. Bernanke, chairman of the Federal Reserve, laid out the latest terrifying news: The credit markets ... easy credit, consumers who took on mortgages they could not afford and Wall Street chieftains [more...]

Date: 2008-12-21 16:01:46

By Saying Yes, WaMu Built Empire on Shaky Loans

As a supervisor at a Washington Mutual mortgage processing center, John D ... the relentless pressure to churn out loans that produced such results. ... During Mr. Killinger’s tenure, WaMu pressed sales agents to pump out loans while disregarding borrowers’ incomes and assets [more...]

Date: 2008-12-28 04:44:56

Making Sense of Mortgages

Making Sense of Mortgages Posted by Dark Spider at January 17, 2009 Understanding mortgages is no easy task ... ?s market there is a loan for every type of situation. Short term, long term, good credit, bad credit, no matter. Just about anyone can find financing for their mortgage needs today. Keep in mind [more...]

Date: 2009-01-17 12:08:38

Devise your own Credit Repair Plan

by Rob Kosberg One day you realize that you are in a serious personal financial disaster situation ... repair plan for yourself. You will start by collecting all your credit reports, bill payment statements ... the effort and take the time to get your money management and credit use habits back on track [more...]

Date: 2009-01-14 23:03:41

The Economic Downturn and Student Loans: Some Practical Advice for Borrowers

Today's post is from Alan Michael Collinge, author of The Student Loan Scam: The Most Oppressive Debt in U.S ... page for book Student loan companies will soon be lined up at the Federal Treasury, seeking loans ... wracked by student loans in ways worse, even, than defaulting home mortgage borrowers. As we progress [more...]

Date: 2009-01-11 01:14:50

Noah's 2009 Predictions

A: Lets keep the tradition going and I apologize in advance for the length of this, hopefully you can find 5 min to read it all. Here were last years predictions for 2008, published December 27th, 2007; if you haven't read it yet and are new to this blog, please try to read it before continuing so you can see where I was right, [more...]

Date: 2008-12-24 15:28:05

The Consequences Of Devil-May-Care Lending

The Des Moines Register reports from Iowa. “Deb Baker believes she’s one of about 31, ... her ability to refinance her unaffordable loan or to sell her home. ‘You hate to lose what you put ... a fair number’ of the inflated appraisals that accompanied the subprime-loan boom now causing [more...]

Date: 2008-12-08 15:54:59

What The Rise And Fall In Housing Has Done

The Ventura County Star reports from California. “Thousands of Ventura County residents were pushed out of their homes last year, ... a year ago because they see the price slide continuing and ‘want to get out before it’s really bad,’ ... with programs from some of the major lenders and loan [more...]

Date: 2009-01-15 18:16:59

Bring Back Paternalism in the Mortgage Market

Not Responsible—Tom Jones Now let me ask you something: Have you ever felt that you weren’t responsible for the things that you do? I do not like government paternalism. When Ronald Reagan came to power and began our 25 year experiment with government deregulation, I thought it was a good idea [more...]

Date: 2009-01-12 15:43:03

2008 Lookback: Of All the Nerve

Market meltdowns have a way of revealing the true nature of many people ... a Ponzi scheme, and not just as a result of trying to cover a few bad bets in 2008. Mr. Madoff ... it was not in favor of an auto-industry bailout, saying that “the American people aren’t interested in just giving [more...]

Date: 2008-12-24 09:54:00

Showing Your Finances The Light of Day

This is a guest post from Scott Crawford. Scott is the CEO of DebtGoal ... ) but as we started to talk through their situation, I realized that it might not be as bad as they thought.  It turned out to be fairly bad: they had $120K in credit card debt, another $70-80K in student debt [more...]

Date: 2008-11-25 16:13:00

Lending Club P2P: Review of New Post-SEC Changes, Free $25 Lender Bonus

Now that LendingClub has finished their SEC filing and is one of the only P2P lenders currently operating ( ... you get. Then you can simply compare this rate with your other options - credit cards, home equity loans ... conditions, remember that credit cards can only guarantee 6-12 months of a low rate, and home equity loans [more...]

Date: 2008-12-14 14:30:58

January 10 2009: Hornswoggled Absquatulation

Russell Lee Tobaccy Candy 1940 Pool hall, Shasta County, California Ilargi: The revolving doors between Washington and Wall Street are swinging like never before. Lawrence Summers and Robert Rubin are the finance powerhouses in the upcoming Obama administration. They were in the exact same place 10 years ago [more...]

Date: 2009-01-10 16:28:00

Lost In A Sea Of Stark, Empty Houses And Vacant Lots

It’s Friday desk clearing time for this blogger. “Record numbers of Sonoma County homeowners are seeing property taxes fall, ... have been a little hard to swallow.’” “Bob DeKeulenaere says junk cars in his neighbor’s yard prevented [more...]

Date: 2009-01-02 17:57:28

Joe Strummer: My thoughts on the looming crisis

“Joe Strummer” is the pseudonym of a frequent commenter on BloodhoundBlog ... getting anything in return, it’s called inflation. Now, $1.2 trillion in new currency is bad, but not nearly as bad as when the Fed loans money to banks at a .5 interest rate. The Fed simply is printing [more...]

Date: 2008-12-21 03:05:51

What John Kenneth Galbraith Would Have Said About the Credit Crunch

John Kenneth Galbraith, renowned economist and author of the bestselling The Great Crash, 1929, died in 2006, and so he never saw the crash of 2008 ... with intelligence. We have a tendency to think that people who have made a lot of money must be intelligent, and vice-versa. Surely people who can understand CDOs must be blindingly brilliant and [more...]

Date: 2009-01-16 11:53:54

Using Good Debt to Pay for a House, Car, or Education

Hello again! Cate here, talking, as usual, about debt. The point of my series here at Queercents is to talk about the dangers of getting into debt ... that will produce concrete benefits to your life. The bad kind of credit card debt that I’ve talked about often ... benefit. I’ve had both kinds: Bad Debt: $5,000 credit card debt from living beyond my [more...]

Date: 2009-01-16 02:45:14

AEI Subprime IV.5: Whalen Presentation

Here is Housing Doom’s fifth installment of our unauthorized annotated transcript of the American Enterprise Institute’s October 30, 2008 seminar "The Deflating Mortgage and Housing Bubble, Part IV: Where Is the Bottom?" This is the presentation by Chris Whalen. He makes use of a slide deck. Here is the official transcript [more...]

Date: 2008-12-02 07:01:48

?Loans to Stop Foreclosure

Can you get new loans to stop foreclosure? Chances are good that there are some options for you out there ... . Even if you have bad credit, you may qualify for this loan. The key here is equity ... foreclosure range widely, but here are some to take into consideration. Refinancing Your Current [more...]

Date: 2009-01-12 06:17:02

Madoff Scam: "He’s a person of integrity..."

A: Waking up this morning here to plenty of news; Senate votes down auto bailout as Harry Reid states "No more talks on auto bailout..." & Bernard Madoff admits to employees of running a $50Bln Ponzi Scheme, using new principal from new investors to pay out returns to existing investors [more...]

Date: 2008-12-12 14:24:37

Finding Personal Loans For Fast Cash

by Trinity Davidson Getting a small loan is sometimes a necessity ... advance loans can often do the trick. With these loans, the lender doesn’t check your credit. This means ... more than $1,000, you may need to find a different type of loan. Some lenders offer car title loans [more...]

Date: 2009-01-16 08:51:36

MortgageNewsClips: CA Foreclosure Predicts, FDIC- Show Me the Money, John Burns, Kohn Speech, Finger Length and Testerone, Contra Trend, Jody Shenn, Toro Chart Series, Bottom is Near, 3.5 is Possible, Positive Traction, 3 more, IRA Has 4

   clear explanation and good charts - Mr. Mortgage: Dec CA Foreclosure Report - Defaults up 100% - December CA Mortgage Defaults Up 100 ... and guarantees.  The FDIC issued a letter to more than 5,000 banks it supervises, encouraging them to say [more...]

Date: 2009-01-15 00:56:39

Having A Bad Time?

If you have a bad credit rating, it will be most difficult for you to get any credit accommodation when you need money ... you and it sends warning signals to lenders. So what do you do?You can try Bad Credit Loan Mortgage, the company gives the service that their name says - bad credit loan mortgage mortgages [more...]

Date: 2008-12-18 11:47:00

Highlights and Lowlights of Citigroup’s Earnings Call

Citigroup announced a radical change in its business model, hiving off around $850 billion of troubled assets into a “bad bank” called Citi Holdings that also ... . What does this Citi Holdings do? Citi Holdings would include consumer mortgages, private-label, credit [more...]

Date: 2009-01-16 17:20:39

Desperation Has An Ugly Face

It’s Friday desk clearing time for this blogger. “A lot has happened since 2004 — in the housing market and in the lives of everyone associated with ... Connor, chair of the Home Builders Association of Northern California.” “A moritorium [more...]

Date: 2008-12-05 19:49:04

Useful Information about Bad Credit Loans

There are many reasons why people prefer apply a mortgage that purchase a home by cash ... people like you. Just visit this website to get more comprehensive information about bad credit loans ... mortgage credit loans, debt consolidation loan, jumbo loans, new home purchase and many others [more...]

Date: 2009-01-16 23:55:33

Getting help on Cash out Refinance Home Mortgage loan

Amazon.de Widgets When you need money for any purpose, one source from where you can get it is cash out from refinancing your home mortgage that you can work out with the agreement of the lender. When you get the lender’s approval on this idea, you can get additional money above and beyond the balance of your existing mortgage loan. [more...]

Date: 2009-09-29 12:42:28

Words from the (investment) wise 12.15.08

Words from the (investment) wise for the week that was (December 8 - 12, 2008) ... that liquidity was still being hoarded. (Also see my “Credit Crisis Watch“.) 13-dec-v1.jpg Source ... of the biggest industrial failure in US history caused a sell-off on global stock markets, a widening of credit [more...]

Date: 2008-12-14 12:42:13

Refis

On the eve of the closing for my refinancing, I notice this from the W$J: ... their monthly mortgage payments on account of the fact that they have bad credit. Wouldn't ... can't meet the credit hurdles and won't get approved. My friend and mortgage broker told [more...]

Date: 2009-01-15 16:42:15

Leverage Is an 8 Letter Word

Leverage Is an 8 Letter Word November 21, 2008 By John Mauldin Leverage is an eight-letter word, which the markets now regard as twice as bad as the two four-letter words debt and pain (or fill ... in the credit markets, some of it below the radar screen of most analysts. We will look at the potential [more...]

Date: 2008-11-22 15:27:04

Loan Loses Continue To Mount: A Look At FDIC Graphs

You're probably not surprised to hear that loan losses are continuing to mount at financial institutions, but just how bad are things getting? ... for credit losses topped $50 billion for a second consecutive quarter, absorbing one-third [more...]

Date: 2008-11-26 18:36:28

Words from the (investment) wise 12.28.08

Investors spent the holiday-shortened Christmas week in an un-merry mood, digesting more gloomy economic data and taking stock of a tumultuous 2008 ... s exuberance), but also still be battling with the implications of the credit crisis for the global economy [more...]

Date: 2008-12-28 12:31:33

Walking Away Relieved When Deals Were Rejected

The Philadelphia Inquirer reports from Pennsylvania. “This is supposed to be a buyer’s market ... We refinanced and took out a home-equity line of credit several years ago to help make ends meet [more...]

Date: 2008-11-21 15:50:35

Can China Avoid a Post-Olympic Economic Downturn?

By Adam Kritzer Economic analysis indicates that countries that host the Olympic Games typically suffer from economic decline and currency ... toys, medicines, and most recently, dairy products. Then came the credit crisis, which exploded [more...]

Date: 2009-01-12 14:39:56

Net Worth: December - 2008 Ends w/ a bang, Hallelujah!

December net worth Up $4k - not a bad way to start the year, eh? ... off all credit card debt: 100% A+ bustaroo! I actually accomplished this twice - once in the first ... enough, we used our wedding booty to knock it all off again!Pay off cars: B. Since the above [more...]

Date: 2009-01-06 14:44:19

Levels of Mortgage Documentation, or, Why You Should Demand to Do More Paperwork

No matter which provider, no matter what type of loan you get, nobody is going to loan you money without the appropriate documentation ... to refinance, I want to fill out the extra papers. If I refinance every two years, I have essentially [more...]

Date: 2008-11-24 16:12:50

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

Posts about Mortgage Market Report as of January 14, 2009

Flagstar Bank 12 to 14 month Promo CD Rate - monitorbankrates ... Bank $100 Checking Offer Roth IRA vs Tradtional IRA CD Ladder Calculator Imperial Capital Bank’ ... Online Banking Getting a Copy of Your Credit Report Islamabad An overview of housing in Pakistan [more...]

Date: 2009-01-14 12:23:49

Paquin Predicts Sales Bottom for 2009

From the Stockton Record:Question: It's been the slowest year yet for home builders. When do you anticipate that the market will hit bottom?Answer [ ... , the stabilizing of the overall economy and the easing of credit markets - a swing of the pendulum back [more...]

Date: 2008-12-09 02:10:00

Poor Credit Home Equity Loan

Have you been hesitating to apply for loans because of your bad credit rating? Because credit ratings are very important if you want to get a loan, you always need to be aware of your score. Having a bad credit rating can put you in a handicap position when you are applying for any kind ... [more...]

Date: 2009-09-25 17:46:45

51 - 100 of 119 Posts
Page: First | < Preceding | Next >
0 | 1 | 2