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

Blog posts (192) | Videos (169)
 

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

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

De-leveraging the Children of Wall Street

submitted by James Baker Welch, VP of Rothschild Investments One of the most stunning facts of the 2008 Financial Melt-down has been the wholesale ... regulatory agencies to determine if the institution has met the credit needs of its entire community. 1   The CRA began to compel banks to underwrite less credit-worthy mortgage loans in order [more...]

Date: 2009-01-15 15:40:18

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

Fed and BOE Shell Games to Bailout Insolvent Banks

The US banking system is insolvent. I gave 25 reasons on Wednesday, July 23, 2008 in You Know The Banking System Is Unsound When.... 1 ... , imploding commercial real estate deals, Alt-A liar loans, Fannie Mae and Freddie Mac bonds, toggle bonds ... loans cannot be paid back.Many things have transpired since then. I could easily list another 25 [more...]

Date: 2009-01-18 01:51:43

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

Business Pundit’s Biggest Winners and Losers of 2008

If one sentence comes to mind regarding this year, it is “Good riddance ... Like the stock market, this former fortress of savings crumbled after the credit crisis creamed its foundation ... Services While executives with golden parachutes floated majestically away to the Bahamas, luxury cars [more...]

Date: 2008-12-31 17:16:12

Easy No Credit Check Loans

by Justin Finn No credit check loans are easier than one may think to obtain. For those of you with bad credit this may be the only type of loan that you will be able to get. You can get no credit check loans and rebuild your credit at the same time by paying it one time, every time. With these types of loans, bad credit does not affect your chances of getting the loan, nor does it hurt your credit rating as most of the time they are not reported to the credit agencies. [more...]

Date: 2009-09-29 17:16:25

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

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

Open Thread 1-17-2009

Bad to the Bone—George Thorogood On the day I was born The nurses all gathered ‘round And they gazed in wide wonder At the joy they had found The head nurse spoke up Said “leave this one alone” She could tell right away That I was bad to the bone No particular theme for this weekend’s post. Sometimes you just want a little [more...]

Date: 2009-01-17 15:09:04

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

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

Taking Our Medicine

by hilzoy The NYT has a long piece on the financial meltdown in two parts: 1, 2. It's very much worth reading ... bidders -- perhaps to some bank that was not swept up in the credit bubble. The rest should ... an enormous credit contraction -- if they aren't in business who will be left to lend money [more...]

Date: 2009-01-05 02:55:53

Guest Post: Time to Recapitalize Banks Fully

As debate continues over the release of the second half of the Treasury Department’s Troubled Asset Relief Program, ... recapitalizations using government money on October 13th, but largely by massive credit lines from the Federal ... in the payments system (in which letters of credit and the willingness to take counterparty risk [more...]

Date: 2009-01-15 11:47:00

And Then There’s This…Thursday, January 15th, 2009

As per usual these last few days, gold did nothing in Far East or European trading ... time when a rally commenced. But it was all for naught once the London p.m. fix was in. The bids ... -) will move their earnings release date to today from next week. How bad must their numbers be? Citigroup’ [more...]

Date: 2009-01-15 20:30:45

Those Order Takers Are Now Gone In California

The Ventura County Star reports from California. “According to Bill Watkins, executive director of the UC Santa Barbara Economic Forecast Project…a foreclosed home in California sells for $200,000 less than a traditional home. Until foreclosures are worked through the market, ‘we don’t think the real estate market can clean itself up, [more...]

Date: 2008-12-27 18:47:48

Lending Woes: A Deeper Consumer Analysis

This may seem like an odd analogy, but I remember this story about my Mom when she was having her 7th baby ... for the Subprime Crisis.   Subprime loans did not come into being in late 2003.  2003 is the year more people ... You can’t get a good loan, but we can find you a BAD loan, if that’s what you want.”  Most people said [more...]

Date: 2008-12-29 21:19:46

Is overreaction going to prolong the recession?

Axel Merk believes it likely:'Actively participating in credit allocation within the private sector, ... case).'Generally, they all influence credit creation by managing the cost of borrowing. Central banks ... ; but the government's role should have been limited to allowing an orderly adjustment of the excesses of the credit [more...]

Date: 2009-01-16 12:45:00

Take advantage of emergency funding from Fast Cash Personal Loans

Fast personal cash loans are very useful for immediate use in cash if it is an emergency situation. While rising interest rates and high cost lenders, the loans in cash, but the issues more quickly for an employee at the time of emergency. The loan will be used in a simple and stress-free, even for people who have bad credit. Read the article for the main characteristics of the loan. read more [more...]

Date: 2009-09-30 09:16:51

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

Wolf Versus Pettis on US Stimulus, Fiscal Deficit (Not for the Fainthearted)

Martin Wolf has a very good comment in the Financial Times, "Why Obama’s plan is still inadequate and incomplete," which readers might tempted to ignore, since the headline suggests the piece reaches a conventional conclusion: the Obama stimulus plan is too small. That would be a mistake. The Wolf article (as others have done) [more...]

Date: 2009-01-14 15:43:00

The Great American Ponzi Scheme

Give us Madoff! Give us Madoff!  “Oil rises to $39 on Bernanke comments…”  “Asian stocks rise after Bernanke remarks…” When they turned out the ... say to bring about the turnaround? We find the report on the front page of the International Herald ... and the normalization of credit markets,” said the main man at the Fed, speaking to an audience at the [more...]

Date: 2009-01-14 17:00:26

Guest Post: Obama Plan Is Bold, but Not Bold Enough

As details emerge about the incoming Obama administration’s stimulus plans, Peter Boone and Simon Johnson argue that proposals should be even bolder. Boone is chairman of Effective Intervention, a U.K.-based charity, and a research associate at the Centre for Economic Performance, London School of Economics, [more...]

Date: 2009-01-07 09:09:48

The Woes of Fannie and Freddie

Freddie Mac and Fannie Mae are to America’s great empire what the East India Company was to the British Empire in the 19th century…and the Louisiana ... government-chartered mortgage lenders. In 18th century France, speculators bet on the riches ... is that the mortgage lenders are running out of money. They need to raise $75 billion. A few years ago [more...]

Date: 2008-12-29 21:30:26

Shock & Awe! - NOI Gets Bombed

Noah and I have been talking ad nauseam about the imminent threats to the New York City land market, ... of the tentacles of the credit debacle going back quite a stretch. We opined over and over that job losses ... of the bad news, but sprinkled in with the positive sound bites are some honest comments [more...]

Date: 2009-01-09 00:25:02

Your Credit Rating And You

by Steve Collins Credit ratings, at their most straightforward, are personal debt histories ... assessment of whether we are a good or bad risk. But what kind of information does a credit rating contain ... . Credit ratings can haunt us for our entire life, providing a often worrying picture [more...]

Date: 2009-01-17 22:23:20

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

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

Credit Crisis Watch: Gaining Positive Traction

In order to gauge the progress being made to unclog credit markets and restore confidence in the world’s financial system, ... in this “Credit Crisis Watch” review, one can ascertain to what extent the various central bank liquidity ... of the credit crisis in August 2007. 14-jan-1.jpg Source: StockCharts.com Importantly [more...]

Date: 2009-01-14 13:30:49

?Foreclosure Auctions: A Bargain Hunter’s Dream

by Michael Geoffrey Buying a home at a foreclosure auction could be perfect for you if you are interested in purchasing a home for the lowest price ... these payments by credit card or personal check. The house will be resold immediately if the winning ... . The winning bidder will need to get a loan to cover the rest of the price of the foreclosure home [more...]

Date: 2009-01-18 08:34:36

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

Payday Loans Everett Wa

However, for some simple and fast ways to meet your unexpected bill has to be paid to the company and the maximum percentage mentioned, ... , it is the end of all your worries, because the guaranteed bad credit payday loans everett wa ... up since you can always carry high fees and do not require a credit check cash advance loans and stop [more...]

Date: 2009-01-17 20:21:12

getting the best

In making a loan via inline, first thing we do is to read the site and you will find out that if this site can be trusted because money is involve ... recruits and have a large network of the auto lenders from where you will receive an car loan with bad credit. The lenders are also aware that the terms and the rates of auto loans will be receiving an [more...]

Date: 2009-01-16 13:26:07

Bad Credit Unsecured Personal Loans – Credit Score Repair Helps

Bad credit unsecured personal loans can greatly assist you in making ends meet financially.  The one thing that most borrowers worry about when it comes to personal loans is the interest rate.  To lower your interest rate credit score repair greatly helps.  It is very surprising how many borrowers attempt to get a personal loan without even knowing their credit score. [more...]

Date: 2009-09-29 22:33:44

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

Repossessed Car Owners Shocked After Being Sued By Car Lenders

The latest in reality shows is Operation Repo, a team of “highly paid professionals” in the San Fernando Valley of California who repossess vehicles from dead beat car owners. Some of those who had their autos repossessed in Florida ... to the Tampa Tribune , those who had their vehicles repossesed believed their car woes were over until [more...]

Date: 2008-12-29 15:51:27

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

WEB NEWS RELATED CONCEPTS Hence does dump-buyback make

WEB NEWS RELATED CONCEPTS Hence does dump-buyback make Potential problems for owners with failing businesses WEB NEWS RELATED CONCEPTS Hence does ... who has successfully sued bank credit card enterprises, bill collectors and credit reporting agencies ... Tempting But Bad Choices. How to submit for Fort Worth S corporation bankruptcy? They don't [more...]

Date: 2009-01-17 22:09:05

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

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

No Credit Mortgage – Bad Credit Mortgage Rates Drop?

Bad credit mortgages are becoming more and more common in the United States as mortgage rates drop.  As the unemployment rate rises many bad credit and no credit borrowers want to get a low mortgage rate.  Unfortunately mortgage lenders are much more strict with their lending practices since the credit crisis began.  Many mortgage lenders have seen their competitors close their doors because of bad lending practices. [more...]

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

£50 Payday Loan

It would probably make you feel better about a financial facilities that you are in the next 24 hours or by the next business day ... institutions providing £50 payday loan faxless payday cash advance, typically you have to make a typical ... having a 6 month-old bank account even with out any credit check, the loan is at your discretionThe [more...]

Date: 2009-01-17 20:21:09

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

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

Get Professional Advice - First Time Car Loaner

If the financial implications worry you and you dream of owning a car, then you still have many options left ... of loan. And even if you have a bad credit, you can still get a loan from a specialist provider ... ways; - find the right auto financing alternatives for you. - determine a car loans total costs [more...]

Date: 2009-01-16 15:50:00

Payday Loans Arlington Tx

The most impressive feature of bad credit or have to call for identification is that they just do not have ... for a loan. In fact, you may build a good credit history for the finance is a daunting task that too ... are needed for the right now. Payday loan establishments should have reasonable since you had to delay [more...]

Date: 2009-01-17 20:21:11

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