Home Prices Rise for Third Straight Month

RISMEDIA, September 30, 2009—(MCT)—The market value of U.S. homes in 20 major cities rose by 1.6% in July compared with June, the third monthly increase  in a row, according to the Case-Shiller home price index recently released by Standard & Poor’s.  In July, prices rose in 18 of 20 cities. Only Seattle and Las Vegas recorded lower prices in July than in June. In the past year, prices are down 13.3% in the 20 cities. Prices are down 32.6% from the peak, and are now at levels seen in late 2003. [more...]

Date: 2009-09-29 20:56:30

Blog posts (227) | Videos (248)
 

Mortgage Refinance – Tips and Ideas to Help You Apply For Mortgage

Mortgage refinance is one of the best ways to save money and increase savings. Doing your homework in terms of research will definitely help you to avoid the hidden cost and other expenditures. It not only lowers the monthly payment as the interest rate drops but also shortens the tenure of the loan period which is anytime beneficial to clear the debt as soon as possible. [more...]

Date: 2009-09-29 18:16:17

Get Money Quickly With Online Payday Advances

by Rose Martin Payday advances have helped millions of people get the cash that they need in a small amount of time. When people are looking to get something in a hurry, the typically tend to turn to the internet. Especially if you need money in a rush, you should make sure that you get online to get an advance first. Here are the ways that you too can benefit from a payday advance. The money that you get from a loan company needs to be paid within about two week’s time. [more...]

Date: 2009-09-29 20:53:06

FHA chatter; News from MERS, Wells, Flagstar; Home price index not as bad as feared

  As my grandfather used to say, “If you find yourself in a hole, the first thing to do is stop digging.”* Apparently the folks at Sunwest Bank , out of Tustin, CA, felt the same way. Clients received a letter saying, “I regret to inform you that as of October 2, 2009, Sunwest Bank will be suspending its mortgage banking operations. [more...]

Date: 2009-09-29 19:04:07

Bad Credit Home Loans – Unemployed and Need Money Help?

Bad credit home loans are something that have gained in popularity since the beginning of the recession.  Many borrowers who once had good credit now have bad credit.  Some of these borrowers are unemployed and need money help.  Unfortunately these hard working Americans have been put in a tough situation that is sometimes hard to get out of.  Luckily for them there are companies out there who will help paying or getting a bad credit home loan. [more...]

Date: 2009-09-29 17:22:22

Bail Me, Stimulate Me

In a week that signaled much worse is coming, perhaps the more dismal indication on the financial front was that Democrats finally had a chance to ... the kind of behavior that got us here: more bad loans to the wrong people won't en our crisis; they make ... . If that sounds bad, it shouldn't; this week's debate on TARP had essentially the same contours [more...]

Date: 2009-01-16 20:24:10

Busting the Ghosts of Hope

Expectations for Barack Obama’s presidency have continued to soar since his historic election. Millions believe change is possible. But what kind of change? And to whose benefit? Our country and our world are in crisis, and the tepid, incremental reforms Obama has been emphasizing aren’t going to cut it. It’s time to think outside the box [more...]

Date: 2009-01-16 16:44:52

Builders Bury Promises Made to Banks

The banking system’s plan to bail out cash-strapped housebuilders by restructuring loans to help them survive a market slump is under strain, ... rules, which permit banks not to classify loans to real estate firms as bad loans the moment ... , blame banks for causing the market slump and lower sales volumes by charging high rates on home loans [more...]

Date: 2009-01-16 12:26:15

Things You Need to Know Before Raising a Private Loan

Things You Need to Know Before Raising a Private Loan by Martin ElmerA personal loan (consumer loan, private loan) could be an option, if you are short on money. But before you are raising a loan, you better learn about concepts like security, fees and interest rates.A personal loan is defined as a loan rose by an individual. Normally it is raised to buy something (like a vacation or a television). But it can also be used to pay of other dept. [more...]

Date: 2009-09-30 11:41:02

Highlights and Lowlights of BofA’s Earnings Call

Bank of America moved its earnings announcement up to this morning to soothe investors after The Wall Street Journal’s report that BofA would need ... and $27 billion in credit costs. Many of the problems originated at Merrill Lynch, which had a loss ... Goldman Sachs research analysts noted wryly in a research report this morning. BofA CEO Ken Lewis [more...]

Date: 2009-01-16 16:01:30

Emotional, financial and legal advice on surviving redundancy

Keep calm Remember you're not alone Redundancy can be a devastating, sometimes brutal, experience but it's not your fault ... the credit crunch in your own backyard," says Phillip Hodson, a fellow of the British Association ... way as due to the western economic cycle, the bastard in charge of hiring and firing, or bad luck [more...]

Date: 2009-01-08 14:45:20

Painful eyes

A lot of emails come my way every 24 hours. Some stand out. Like this one. Not just that she’s a realtor who likes me ( ... to holding mortgage and credit card debt to the tune of 75 Billion, they say well that’s normal that’ ... citizens have become. Not just because she now laments the influence of cheap credit and easy money [more...]

Date: 2009-01-17 03:17:13

U.S. Banks Refuse to Detail How They’re Spending Federal Bailout Money

After receiving hundreds of billions of dollars in taxpayer-funded federal bailout money, the biggest U.S ... - instead of lending at home. Some of those buyouts deals are being done in markets as far away as China. Meanwhile, credit remains tight here in the U.S. market, a situation that could be alleviated if only [more...]

Date: 2009-01-06 12:19:23

DEMS SEEK TO BLAME BUSH FOR THEIR MISMANAGEMENT

Submitted by: Clark Havard Fannie, Freddie And Now, Hannie By INVESTOR’S BUSINESS DAILY | Posted Thursday, January 15, 2009  Subprime Crisis: ... % of all subprime loans. Now these chickens are coming home to roost. The mortgage giants, internal memos show ... The media have pounded President Bush for a wave of Hispanic home foreclosures [more...]

Date: 2009-01-16 19:40:15

Countrywide Home Loans is killing me

First a little history: November 16, 2007 I had major surgery and my employer let me go on my first week home on disability ... , and executive employment can be hard to find. I lived off credit for 9 months increasing my debt to a crisis ... yet they assigned the data to only one of the loans causing more delay (they kept saying [more...]

Date: 2009-01-17 20:06:52

No Fee Balance Transfer Offers Rise Again

Research has showed that credit card providers are waiving balance transfer fees but charging higher interest rates . According to financial website MoneyExpert.com , the number of credit card providers that are offering credit card holders the chance to transfer outstanding debt from another card without having to pay a fee to do so has risen by nearly 20pc to 69 during the past year. [more...]

Date: 2009-09-29 15:20:06

Home Equity Loans For People With Bad Credit

Home equity loans for people with bad credit are often the only way they have to improve their credit history, and can also help people consolidate their debt to make it more manageable. They are available, and these loans have helped thousands of homeowners improve their finances. Lenders may offer lower interest rates and more points Related posts: Home Equity Fixed Loans Home equity fixed loans are credit extended to homebuyers who... [more...]

Date: 2009-09-30 18:58:52

Obama’s Government Grants to Aid with Debt Relief – Pay off All Personal and Unsecured Debt

If you’ve been getting under further and further with debt, you know the feeling of despair that can come from seeking help and being met with empty promises or a lot of red tape. The bottom line of needing debt relief is that your name is on the line and the people you are indebted to have a claim against your reputation or property and can damage your credit or repossess your belongings. [more...]

Date: 2009-09-30 17:50:48

The End of Large-Bank Wholesale Lending - Time For the Mortgage Banker

The End of Large Bank Wholesale Lending - A Resurgence of Middle Market Mortgage Banking – Chase…a Leading Indicator This week Chase shut down ... t effectively manage its pipeline of locked and in-process loans. Of note, Credit Suisse recently shut down ... because NMN is subscription - sorry: “As the refinancing boom gathers steam selected residential [more...]

Date: 2009-01-16 18:23:12

Gates of Vienna News Feed 1/8/2009

The latest word is that an agreement with Russia has been reached, and the flow through the gas pipeline will resume.Also, look for the storming of the Israeli consulate in Montreal, as well as other Gaza-inspired violence around the world.Thanks to AA, Abu Elvis, Insubria, JD, Tuan Jim, Vlad Tepes, and all the other tipsters who sent these in [more...]

Date: 2009-01-09 04:49:00

JP Morgan’s Last Hurrah?

                When JP Morgan led the cabal that created the creature from Jekyll Island, ... , he would call this crisis nirvana. In 1907, Morgan and his banker pals squeezed the credit markets ... then, but Morgan still profited enormously by lending credit at interest. The crook put confidence back [more...]

Date: 2009-01-16 06:47:30

Предсказания Кюнстлера на 2009 - США, Нефть, Геополитика, Путин

Спонсор месяца - #1 RX pharmacy affiliate program!Сайт дня (как попасть) - http://www.business-magazine.ru/There are two realities "out there" now competing for verification among those who think about national affairs and make things happen. The dominant one (let's call it the Status Quo) [more...]

Date: 2009-01-01 07:59:00

Refinancing When You Owe More Than The Home Is Worth

I've been looking around for an answer to this but my searches haven't returned anything useful ... ? Was all the refinance hype only because the markets kept going up? Is this the reason why people who got an bad loan ... to the utter limit for 100% financing could refinance into more favorable loans as their equity picture [more...]

Date: 2009-01-08 09:54:12

WSJ: "Housing Push for Hispanics Spawns Wave of Foreclosures"

From the Wall Street Journal:"Housing Push for Hispanics Spawns Wave of Foreclosures"By SUSAN SCHMIDT and MAURICE TAMMANCalifornia Rep ... with loans that often didn't require down payments, solid credit ratings or documentation of employment ... all congressional districts in percentage of home loans not tailored for prime borrowers. The caucus [more...]

Date: 2009-01-05 04:10:00

More on Good Habits for Success in 2009

“Good Habits”. Lets delve a bit deeper: Constantly evaluate everything you are doing Develop the habit of constant awareness and evaluation.  Always be thinking: is this the best use of my time? Is the best way I could be doing this? Do the most important task of the day first This ties in with your daily goals, [more...]

Date: 2009-01-06 15:55:09

Full Text: Barack Obama on Economy | Economic Recovery and Reinvestment | January 8, 2009

(Source: Office of the President-Elect) Throughout America’s history, ... from a troubled past, and set a new course for our nation. This is one of those years. We start 2009 ... ’t believe it’s too late to change course, but it will be if we don’t take dramatic action as soon [more...]

Date: 2009-01-08 18:00:11

Applying For Bad Credit Personal Loans Is Not Difficult

Anyone that has ever experienced credit problems knows what a terrible worry it is but there is definitely good news.  Years ago, it was almost impossible to get bad credit personal loans but that has changed drastically over the last few years.  Although some lenders used to feel bad credit had a social stigma [more...]

Date: 2009-01-17 22:49:30

Wall Street Breakfast: Must-Know News

Treasury takes GMAC stake. The Treasury will buy a $5B stake in GMAC (GKM), owned by General Motors (GM) ... shortage earlier this year forced it to limit loans only to people with the best credit. GMAC, which ... will now have to greatly increase its debt to proceed with the Rohm acquisition. As such, S&P cut Dow's credit [more...]

Date: 2008-12-30 12:11:31

Mortgage Loans - The Basics

by Trinity Collie Buying a home is a big decision. It is actually a really big responsibility to buy a home because it is such an expensive purchase. In order to get into a home, you will most likely have to borrow money from a bank to cover the cost of the home. This type of loan is known as a mortgage. The ease of getting a mortgage [more...]

Date: 2009-01-17 17:20:31

Be Careful When Taking out Loans Online

by Trinity Robison We live in a new age of convenience and ease. Obtaining loans is now easier than ever with companies offering online loans. In fact, it is possible to receive a loan without ever leaving the comfort of your own home. It’ ... ; there are risks in taking out loans online. The first risk lies in the potential for identity theft [more...]

Date: 2009-01-16 15:08:15

The End of 2008!

The dollar rebounds… Home prices collapse! Consumer Confidence finally rings true… And Now… Today’s Pfennig! ... out there to deal with, and now, even people with good credit are finding it difficult to get loans… ... meltdown in 2008… First we saw U.S. Home prices fall 18.% in October, and 2.2% from the previous [more...]

Date: 2008-12-31 13:35:02

Markets Manias: Thinking About the Year Ahead

The alternative title for this post might have been "Still Inside the Box" since recent market action could be taken, as we are tending to do, ... we're "in the box" because the markets are wrestling with a) the continuing credit crisis ... collapse, the Lehman bankruptcy, we see the sudden grasping of the truth of how bad it is. The mid-Nov [more...]

Date: 2009-01-17 14:34:33

?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

Currencies Range Trade with a Bias to Buy Dollars

Currencies range trade…  With a bias to buy dollars…  Recession deepens in Eurozone…  India cuts rates… And Now… Today’s Pfennig! ... manufacturing index report, indicating that the Eurozone’s recession is deepening. Of course if we compared ... data in a couple of days from the U.S. this report from the Eurozone gets all the attention. Normally [more...]

Date: 2009-01-02 12:41:59

Mortgage: 3 Tips On Finding The Cheapest Rates

There are a lot of things to do when looking to buy a home but the most important is to get the most interesting mortgage loan rates available on the market. When applying for a loan, having a high credit score allows you to have a number ... one. Important: in some countries there are only established only two kinds of credit score: the good [more...]

Date: 2009-01-17 12:34:42

Alan Schram: The Story of 2008: What Went Wrong?

The past year has been financially chaotic on a level almost no one alive has ever seen ... in loans from their gracious neighborhood banker. This sounds like very high leverage ... more than 1%. However, suddenly home prices decline nationwide, and 20% of the mortgages default [more...]

Date: 2009-01-12 05:06:35

Consumer Credit Counseling

Consumer Credit Counseling January 17, 2009 at 5:00 pm · Filed under Credit Counseling Services div style=’float: right; width: 100px; padding: ... on financed loans and credit card debt can become onerous and when you add in penalties and late fees ... impossible for anyone to compete in today’s arena without the aid of a credit card. And that’ [more...]

Date: 2009-01-17 22:00:36

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

The U.S. as a Banana Republic?

Plane Ditches in New York River, All Aboard are SafeReutersNEW YORK (Reuters) - A US Airways jet with 155 people on board ditched in the frigid Hudson River off Manhattan after apparently hitting a flock of geese on Thursday and officials said everyone was rescued."We've had a miracle on the Hudson," New York Gov [more...]

Date: 2009-01-16 15:10:00

Bush Thankathon Begins

And a final opportunity for Bush haters to vent! Air Force One, with U.S. President George W ... citizen for his ride home to Texas and the call sign will no longer be Air Force One. All this week we’ll be sharing our memories of the Bush presidency. Since the “news” media only covered the bad [more...]

Date: 2009-01-12 18:08:04

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

Fixed Mortgage Rate

Fixed Mortgage Rate January 17th, 2009 Subscribe To Our Feed Mortgage Loan Video Many people who are looking to buy a home consider ... a mortgage hanging around their neck forever but with home buyers entering the market later ... to be true. Loans agreed with a 15 year fixed mortgage keep the same interest rate throughout [more...]

Date: 2009-01-17 17:30:19

Gates of Vienna News Feed 1/5/2009

Read through the official European reactions to Israel’s ground offensive into Gaza: Zapatero, the Vatican, ... Gaza, the Vatican Raises the White FlagItaly Urges Gaza TruceItaly: Verona to Target Home Sex ... in DemonstrationsGush Katif Expulsion Victim Returns ‘Home’ as SoldierHave Israelis Finally Learned the Strategic Value [more...]

Date: 2009-01-06 04:54:00

Kicking Off the Panic of 2009

“Sir, there are no seats left. You’re going to have to stand in the back.” I was only 10 minutes late, but the conference hall was packed. Every seat was taken. The walls were lined with people. At that point, I knew without a doubt, there was a lot more downside left in real estate [more...]

Date: 2009-01-16 14:47:37

Bad bank Big risk

Constructing a Bad Bank to solve the Credit Crunch problem is too difficult in the current volatile situation ... all round the world. Some people think it is a relatively simple matter. They argue that too many bad loans are holding back the banks from lending more money. So why not, they argue, shunt all the bad loans [more...]

Date: 2009-01-17 09:50:50

New Congress Looks To Add Mortgage Debt To Bankruptcies - BIG MISTAKE

Congress So we have finally flushed most of the bad debt out of our system in 2008. The bad lenders are disappearing and lenders are feeling good about making new loans. The only ... out of it. The legislation would change allow bankruptcy judges to modify home loans in the same way that they currently may [more...]

Date: 2009-01-06 14:51:56

Using Free Credit Reports And Credit Scores To Save Money

No doubt you've probably seen a commercial offering you the opportunity to request your free credit report or free credit score. Why all the big fuss? Why the big interest in credit scores and credit reports? To begin, you need to obtain copies of your credit score and credit reports. Let's start with your credit report first. You can get your free annual credit reports from the government. You can request the three major credit bureau reports every year. [more...]

Date: 2009-09-30 01:37:23

What is an instant cash loan

by Mark Carnagie We have all been there. No money left whatsoever and the next payday is far away ... qualifies for one. The lenders do not even care about bad credit. They do not perform credit checks ... payday. Instant cash loans are indeed perfect for getting that extra cash that is needed so hard [more...]

Date: 2009-01-16 14:02:17

Kicking Off the Panic of 2009

“Sir, there are no seats left. You’re going to have to stand in the back.” I was only 10 minutes late, but the conference hall was packed. Every seat was taken. The walls were lined with people. At that point, I knew without a doubt, there was a lot more downside left in real estate [more...]

Date: 2009-01-16 01:10:34

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

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