on mortgage talks

A childhood friend just got home 1 month earlier my father, she too works in a cruise line! ... mortgage rates and interests and other add ons like refinance with bad credit actually i guess ... again her ship she’ll decide on what to do with her planned investment and about bad credit mortgage [more...]

Date: 2008-10-27 13:51:27

Blog posts (175) | Videos (183)
 

What Determines Your Home Mortgage Loan Qualifications

When underwriters consider your home loan application and credit history, they generally look for 6 basic factors ... in this requested home loan with previous loans (from credit cards, school, car, etc.), they’ll establish a debt ... is pulling the potential borrower’s credit record. This history shows not only the bad things [more...]

Date: 2008-12-30 15:28:20

The Fannie/Freddy bailout

It’s almost as if the feds are trying to flush the economy down the crapper ... holders of U.S. Treasury bonds. -Higher rates are bad for anyone with a mortgage, credit card debt, a home equity loan, a margin account, etc. -Higher rates also increase the government’s debt burden [more...]

Date: 2008-07-15 01:21:54

Socialism Is Everywhere

by hilzoy In a stunning reversal, John McCain today endorsed the redistribution of wealth: " ... do, and that's go in and buy out these bad mortgages, give people mortgages they can afford, stabilize home values and start ... : "He will commit a $5,000 tax credit for each and every customer who buys a zero carbon emission [more...]

Date: 2008-10-29 05:48:29

Should Obama reappoint Bernanke in 2010?

have redefaulted within five to six months. And 58% of loans modified in the first quarter were delinquent within eight months ... it Good credit, bad mortgage … now what? 10% of home loans delinquent or in foreclosure O.C. in top ... . That was for loans one-month past due. Credit Suisse said about 15% of subprime loans modified [more...]

Date: 2008-12-09 11:00:47

BENEFICIAL SECOND MORTGAGE

Having a plan of purchasing new home also makes you face the deals of mortgage ... loan, bad credit loan, and many more. Go to the website and see the other scope of the service ... things so that you will not get the bad impacts of high interest that you should pay. Think [more...]

Date: 2008-11-13 07:31:03

Homes vs Stocks

So whats the difference between being underwater on a mortgage and underwater on a stock ? ... to live somewhere. On top of everything, my credit was bad enough, I didn’t want to make it any worse ... and then explain that those with homes worth less than their mortgages shouldn’t feel bad about breaking [more...]

Date: 2008-11-11 20:57:20

More hoops to jump through for enticing mortgages

Consumers rushing to refinance a home loan or get a new one to take advantage of the lowest U.S ... stellar credit. “This market has weeded out people with bad credit. That’s the difference,” said Ellen ... . mortgage rates in nearly four decades are in for a surprise: the new rates aren’t for everyone [more...]

Date: 2009-01-14 14:37:34

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 Find the Right Mortgage

by katie George A mortgage that is properly suited to an individual’s needs when buying a home can save the individual thousands while a mortgage ... be considerably more or less by the end of the mortgage. Individuals who have no or bad credit ... one is the right one. First one needs to understand the different options available to them. For people [more...]

Date: 2009-01-07 00:31:19

E*Trade on the Brink - Seeks $800 Million from TARP to Stay Solvent

Battered E*Trade banking on government fundsFri Nov 21, 2008 5:15pm ESTBy Jonathan SpicerNEW YORK (Reuters) ... U.S. government funds that would bring some relief to its book of bad mortgage loans.Shares ... situation. E*Trade Bank offers credit cards, savings and checking accounts, and mortgage and home equity [more...]

Date: 2008-11-22 21:26:00

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

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

FHA Mortgage Lenders

Applying for a home loan for first time mortgage borrowers can be a daunting and treacherous task ... from a lender to a FHA. If we have bad credit, no credit, or simply not sufficient income to put ... . An alphabet soup family of difference is used: FHA, HUD, VA, and some-more can report a loan [more...]

Date: 2009-01-14 13:31:28

Obama Proposes Moratorium on Foreclosures

While Senator John McCain is urging the government to buy bad home loans, ... against foreclosures and an $800 mortgage tax credit per year for homeowners who fail to itemize ... , the Hope for Homeowners. The program encourages homeowners to apply for refinancing [more...]

Date: 2008-11-14 13:02:58

Poor Credit Scores And House Loan Possibilities

When applying for a mortgage as part of your overall preparation for home ownership, your credit score is vital ... (FHA) home loan. In this article, we’ll cover both options. 1. Sub-prime lenders who offer “bad ... that loan is going to cost you in interest over the life of the loan. If your credit score is below [more...]

Date: 2009-01-11 17:39:12

FHA Mortgage Insurance Updates… Will this Increase Your Monthly Payment?

... from the current 1.5% of the loan amount to 2.25% for “high risk” or bad credit borrowers. Yearly Mortgage ... not seem like much but the closing costs were already higher than average with an FHA loan [more...]

Date: 2008-07-14 23:55:49

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

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

Leituras

“The Goal Is Freedom: Theory and Crisis” de Seldon Richman What might be even more distressing than the current buildup of the corporate state in ... banks’ bad mortgage-backed securities, it will inject liquidity into the credit markets and improve ... through promotion of easy home-buying and implicit guarantees to lenders and underwriters, including [more...]

Date: 2008-10-13 08:43:21

Can't Anybody Play This Game? The McCain Campaign Defies Belief

You know, we have llike seen this before. On health care: ... to immediately buy up the bad home loan mortgages in America and renegotiate at the new value of those ... McCain started with a tax credit that was equal in aggregate to the additional tax he levied [more...]

Date: 2008-10-09 05:19:26

'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

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

Taking Home Mortgage Loans

by John Bear If you are looking to refinance your current mortgage, there are several options available for you ... refinancing would involve taking a new mortgage, mortgage companies require you to present various ... that an applicant wouldn’t just do anything bad to tarnish their perfect credit report. So they approve a no doc [more...]

Date: 2009-01-02 16:59:45

After the Bailout, Bank Stocks are a Bad Deal for Investors Now

The $250 billion bank bailout announced Monday is a great improvement on the $700 billion Troubled Asset Relief Program (TARP) ... have invested in troubled mortgage loans, relics of a home mortgage bubble that should never ... . You haven’t received Uncle Sam’s credit card bill yet. Under the new bailout plan, the government [more...]

Date: 2008-10-17 12:59:00

Terry Andrews on "Changes for US Foreign Policy?"

nq77gy5g671mn6ge Piano Chords http://7.mixkkyb.com/3d Elegant Wholesale Home Decor http://4.sypxhqvgw.com/18 Pikes Peak Council http://1 ... ://0.frejnuzz.com/21 Wedding Phrases http://9.uslrjsvkd.com/n Bad Credit Commercial Mortgage http ... http://6.iqyudjo.com/1f Obra In Health Care http://9.bhbtdrcj.com/2m Yamaha Golf Cart Dealers In Ga [more...]

Date: 2008-12-09 23:13:58

2nd Mortgage Rate

2nd Mortgage Rate August 12th, 2008 Subscribe To Our Feed Do you own a home? ... . Applying for a home equity loan can be quick and painless. Even with bad credit, it may still ... or to purchase a car? Right now, mortgage rates are at the lowest they have been in decades [more...]

Date: 2008-08-12 14:23:58

Spending habits: Do as I say, not as I do

Shopper_2 Crushing mortgage payments, rising foreclosures and living off home equity lines of credit and plastic are all examples of how Americans have let their spending get out of hand, but most bad habits start small. An Associated Press ... . But more importantly they can compare how much it would have cost if they put it on a credit card, [more...]

Date: 2008-11-05 01:31:43

Bailout developments reax

By TigerHawk at 9/24/2008 08:43:00 PM The president's speech was useful and important ... president could say: Easy credit — combined with the faulty assumption that home values would continue to rise — led to excesses and bad decisions. Many mortgage lenders approved loans for borrowers without [more...]

Date: 2008-09-25 01:46:48

FHA Guidelines On Bankruptcy

One of the most touching experiences loan officers go through when we conduct marketing campaigns seeking FHA mortgage prospects are the borrowers who call us wanting to buy a home for their family but they just have too much bad credit to overcome in order to qualify for even an FHA loan. Often they have a bankruptcy. First, here are FHA’ [more...]

Date: 2008-06-14 00:26:57

BREAKING: Washington Mutual seized by feds, biggest bank failure in US history

WSJ:In what is by far the largest bank failure in U.S. history, federal regulators seized Washington Mutual Inc ... after it got caught up in the booming part of the mortgage business that made loans to people with bad credit, known as subprime borrowers. Troubles spread to other parts of WaMu's home loan portfolio [more...]

Date: 2008-09-26 02:41:42

Explaining the financial crisis to a nation of third graders

They're sure talking about "root cause" a lot these days in Washington, though, with only a few exceptions such as Ron Paul (R-Texas) ... assumption that home values would continue to rise, led to excesses and bad decisions. Many mortgage ... or not the U.S. financial system is so fundamentally flawed - based on a credit expansion which [more...]

Date: 2008-09-25 04:20:00

Interest Only and Credit Card Debt

by Mary Bush Well, here is an example of the system that isn’t functioning as intended: a mortgage loan that encourages paying off one debt, ... as if to say, ‘You mean you can’t pay?’ What do these loan and credit companies think they’re going ... product, let’s give the bad credit crowd a chance to make an even worse decision, and finance a home [more...]

Date: 2009-01-01 10:19:52

Interest Only and Credit Card Debt

by Mary Bush Well, here is an example of the system that isn’t functioning as intended: a mortgage loan that encourages paying off one debt, ... as if to say, ‘You mean you can’t pay?’ What do these loan and credit companies think they’re going ... product, let’s give the bad credit crowd a chance to make an even worse decision, and finance a home [more...]

Date: 2009-01-06 08:22:54

Interest Only and Credit Card Debt

by Mary Bush Well, here is an example of the system that isn’t functioning as intended: a mortgage loan that encourages paying off one debt, ... as if to say, ‘You mean you can’t pay?’ What do these loan and credit companies think they’re going ... product, let’s give the bad credit crowd a chance to make an even worse decision, and finance a home [more...]

Date: 2009-01-05 15:03:54

Strategic Mortgage Defaults on the Rise

Strategic default— walking away from your home and mortgage —is getting more common. The interesting part is who is doing it: according to a recent study, people with good credit. For such consumers, strategic default may be the best of a range of bad options. The same study found that 588,000 people walked away from their mortgages in 2008, far more than the industry thought. And most of them seem to understand what they are doing—they just do not have any better option. [more...]

Date: 2009-09-25 16:39:05

So, What Is A PMI?

Buying a home is a realization of a life long dream and for many a symbol of “making it” in life ... of the American and the world economy; many experts believe. Consumers with bad credit wishing to attain ... in order to recover the lost costs of the loan. Mortgages were a favourite way of buying homes before [more...]

Date: 2008-09-17 09:42:48

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

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

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

Does Bank Of America (BAC) Get The Next Bailout?

The Paulson/Bernanke bailout is now spreading across the financial system like a prairie fire in a stiff wind. AIG (AIG) got one deal ... on credit card, home, and auto loans increase, and commercial real estate and corporate loans fail ... of mortgages with its buyout of Countrywide, may not be a bad candidate. Neither is Morgan Stanly [more...]

Date: 2008-11-24 11:16:38

Stanley Kurtz: HOW ACORN & ITS DEM ALLIES BUILT THE MORTGAGE DISASTER, and how Obama is right in the middle of it

UPDATED Please scroll down I didn’t have a chance to post on it yesterday, but Maria and a couple of friends sent this, ... to relax their credit standards as well, local banks would never make home loans to customers with bad ... to force banks into making high-risk loans to low-credit customers is still active. None [more...]

Date: 2008-10-14 12:37:34

Monday: Bi-Partisan Bank Robbery?

I don’t pretend to understand Credit Derivative Swaps and financial ‘instruments’ and it looks like the people who have been playing with them for ... like the Home Owners Loan Corporation (HOLC) where the government would restructure and refinance bad mortgages from individual homeowners and make them affordable.  The theory goes that if those [more...]

Date: 2008-09-22 12:26:24

Mortgage Market Update: Version 1

Hey guys. Sorry for the delay in posts, this week has been absolutely hectic and I’ve had no time at all to take a step back and take a breather ... to you by your lender of choice. Obviously if you have bad credit and are looking for the maximum amount of financing ... market, banks will not offer as much equity out of borrower’s homes in a refinance tran [more...]

Date: 2008-08-22 20:15:47

The bail-out may be killed by add-ons (pfblogs.org)

Filed under: Deals, Bad news, Law, HousingThe list of additions to the $700 billion Paulson bail-out plan could well kill it ... , "a change to potentially allow purchases of instruments such as car loans, credit-card debt and other ... , if the plan is extended to include individual home mortgages and things like auto loans, the size [more...]

Date: 2008-09-22 08:51:01

The bailout may be killed by add-ons

The bailout may be killed by add-ons Posted Sep 22nd 2008 4:01AM by Douglas McIntyre Filed under: Deals, Bad news, Law, ... to potentially allow purchases of instruments such as car loans, credit-card debt and other devalued assets ... , if the plan is extended to include individual home mortgages and things like auto loans, the size [more...]

Date: 2008-09-22 12:35:18

Ten Mortgage Tips I Learned From Past Three Home Purchases

Bottom Line: I highlight some of my personal lessons learned from three home purchases conducted over the past six years. 1 ... , PhD. First third of book is dedicated to people that need help with credit or qualifying for expensive ... for a quick initial review. 2. Bad U.S. economy news is good news for you when you’re floating [more...]

Date: 2008-12-25 15:00:00

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

Should You Refinance Your Home Now?

It has been well documented by many media sources that mortgage rates are at a four year low ... has been very bad over the last year which has caused many Americans to buy on credit - A LOT!  If your credit ... correlation to their declining credit ratings.  With a decent credit rating it is very tempting [more...]

Date: 2008-12-14 00:52:30

The Bad Paper Chase

And the handout/buyout craze continues. The Federal Reserve said Tuesday it will buy up to $600 billion in mortgage-backed assets in another attempt ... obligations from mortgage giants Fannie Mae and Freddie Mac as well as the Federal Home Loan Banks ... also unveiled a new program to help unfreeze the market that backs consumer debt such as credit cards [more...]

Date: 2008-11-26 00:46:42

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