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
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ACORN and housing
In the comments on yesterday's post, Sue asked about the claim "that ACORN had been part of some issues with the subprime mortage crisis ... between moderate-income people who were bad credit risks and ones who were actually pretty good [more...]
Date: 2008-10-18 02:10:31
House Passes Economic Rescue Bill 263-171
Looks like those 100 Republicans still stood firmly in opposition even though it was widely known that the credit markets AROUND THE WORLD had ... would have $700 billion at its disposal to purchase bad mortage-related securities that are weighing down the balance sheets of institutions that hold them. The flow of credit has slowed [more...]
Date: 2008-10-03 18:44:15
money / credit crunch / ttc
Hiya We have planned to start ttc in Feb 09. We both have overdrafts to pay off, ... if one or both of us lost our jobs. I am wondering though if the credit crunch thing is as bad ... something goes wrong is important as we have a large mortage. Neither of us are in the most secure [more...]
Date: 2008-12-27 12:22:53
CashAdvance Nightmare!
Dont get yourself in the cash advance hole everyone needs loans but dont do what some friends of mine did ... then when things get bad cant pay the mortage you gotta move payday loans will not lend you the money you need ... of them to pay your bills your just going to get in debt 10 times faster then credit cards. My advice [more...]
Date: 2008-12-13 03:31:30
Bank of Up Yours America
This really bothers me. I still do work for a few clients, mostly ESL folks who need help with letters and other necessary communications. Let’s call this guy Pham. Pham just spent six months jumping through hoops trying to get his mortgage company to refinance his house so he could get a lower rate. Back and forth the faxes and letters went. The final stack of documentation demanded was literally six inches high. I know because I saw it today when he dropped it all off. [more...]
Date: 2009-09-09 01:15:18
Bonita Springs Florida Monday Mortgage Report 04-27-2009
Mortgage Rates Hit 5 Year High This week it is projected that mortgage rates will reach a 5 year record high. Thanks to declining markets, credit lending guidelines tightening down, banks going out of business or merging to avoid bankruptcy, and many other economic factors, potential homeowners will now be facing an even more difficult time in trying to qualify for a new home due to the sharp an sudden increase in mortgage loan interest rates. [more...]
Date: 2009-04-27 13:42:00
Saving Thousands on a Refinance is Easy When You Know How
by Brian Armstrong When you consider that most homeowners don’t know too much about refinancing, we assume that people learn some of the key phrases that mortgage companies use to advertise their refinance programs. These phrases are things like “no cost”, “no points”, APR, streamline, closing costs, an many more terms that don’t do much more than get people in the door. Once you’re in the door, you will then need to determine whether or not you want to work with the loan officer you meet. [more...]
Date: 2009-07-15 10:34:23
Ahem: NYT Reporter Who Defaulted On Subprime Mortage Left Out Key Details
Last week, we flagged the harrowing story of Edmund Andrews , the New York Times economics reporter who got himself into a debt nightmare and defaulted on his mortgage. The central tension of that story, you may recall, was the gulf between Andrews' attitude toward his money problems (understandable panic) and the attitude of his new wife Patty (whatever). This tension was made more unsettling because Patty seemed to be responsible for much of the overspending. The marriage tension aside, [more...]
Date: 2009-05-22 02:06:00
Fool's Gold
Gillian Tett's book on the financial crisis is the one that I would recommend at this point. Some notes and excerpts below. This may reflect my biases, but what I took away from the book was the co-ordination between regulators and market participants in promoting securitization and exotic financing techniques. Today, the regulatory community whines about the systemic risk that financial technology created. At the time, the regulators were approving and encouraging the process. [more...]
Date: 2009-06-25 11:49:39
Prepare Your Retirement With Reverse Mortgage
As seniors today grow into retirement, more and more are finding that their savings and retirement plans are less and less unable to cope with the rising cost of medical services, inflation, and the burden of unforeseen emergencies. More and more seniors have to cash in annuities, investments, and take out high payment equity loans just to make ends meet. With this, the threat of bankruptcy and financial ruin are becoming more and more a reality for the everyday senior. [more...]
Date: 2009-07-08 03:13:32
Creative Real Estate Financing Methods
by Nick Cifonie Get ready ,this is the age of creative real estate financing. Do you remember when financing meant you saved up enough money to put 20% down on a house, and then got a mortgage loan for the other 80%? You can still do that, but there are many more options now. Here is a list of ten of them. 1. Second mortgage loans from sellers. everal banks will allow you to have as little as 5%, going into a home purchase, but will then only loan you 80%. [more...]
Date: 2009-04-27 08:36:44
Bad Credit Mortgage Refinance Guide
by Natalie Totty Many people that have bad credit are looking to refinance their home. They should know that it really is not that hard to do and it is not impossible. Contrary to belief, there are lenders out there that are bad credit mortgage lenders and offer bad credit mortgage refinance to consumers. They can tell you about all the many types of loans that you could qualify for, even if you have bad credit. If your credit is not too bad, they can also help you finding financing options as well. [more...]
Date: 2009-08-18 15:25:45
Luck—the Review
Tamang (Danny Dengzopa): Ma Ka Cheeno Ram (Imran Khan) : Mochachino…… And that my friends was the most entertaining moment of “Luck”, a firm reminder once again that a distributor’s strike, in today’s Bollywood, is a kiss of mercy even though it provides only a brief moment of respite before the floodgates once again open and we are assailed by a deluge of muck. Like “Luck”. Yes I know. That rhymed. [more...]
Date: 2009-07-31 01:51:41
Multi Family Commercial Real Estate Investing
http://www.in-visionloans.com In-vision Financial Holdings, LLC. A leader in Multi Family investment Finance We are a commercial Lender who knows hot to get loans closed. http://blog.in-visionloans.com for more information about us http://myforums.in-visionloans.com to ask a commercial lending question Multi family Apartment Lenders competing Commercial Second, third and fourth trust deeds Loans on Mixed-use Property Commercial loans Business loans Blanket loans (one loan [more...]
Date: 2009-07-30 05:10:11
Get Your Loans Without Bothering About Your Credit
When you saw your neighbor swing in the brand new Mercedes in the garage, you felt something sting you. Maybe something did not make you feel good about this. You felt the need to prove yourself and buy a car. But you don’t have enough finances and also you are suffering from poor credit because of the financial mistakes you made in the past. But you feel that this should not stop you from buying a car. Well the answer is yes this should never stop you from buying a car and will not too. [more...]
Date: 2009-05-13 07:09:59
MORTGAGES
Our friends who were recently married are planning to buy their first house together. As first time home buyers, they quickly learned that buying a home can be complicated. Aside from the difficulties of finding a home that meets the needs of your family in just the right location, home buyers often find that the greatest challenge can be finding mortgages that are right for them. [more...]
Date: 2009-04-27 13:34:00
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
Refinance Mortgage with Bad Credit
Refinance Mortgage with Bad Credit by Natalie TottyMany people that have bad credit are looking to refinance their home. They should know that it really is not that hard to do and it is not impossible. Contrary to belief, there are lenders out there that are bad credit mortgage lenders and offer bad credit mortgage refinance to consumers. They can tell you about all the many types of loans that you could qualify for, even if you have bad credit. [more...]
Date: 2009-08-17 12:38:07
They’re Not Popping Like They Use To
A report from Florida Today. “In today’s tough housing market, sometimes it takes some creative thinking to sell your house. Scott Bernard is having a picture-coloring contest and giving away his house in Sebastian to the winner — sort of. Each person who enters the contest pays a $49 entry fee [more...]
Date: 2008-08-28 14:54:39
The Price of Opacity
Marco Pagano says the opacity of complex financial instruments was an attempt to simplify the information transmitted to the market and expand the ... of the U.S. credit market. But already in December 2007, the Economist estimated that losses stemming ... and securities related to commercial real estate, consumer credit and corporate loans. Now the IMF [more...]
Date: 2008-10-08 22:06:00
Chipping Away at the Stone of the Credit Union
While the news has been doom and gloom about the economy in recent months, and specifically this last 6 weeks, ... is that the Credit Union I have belonged to for over eight years is starting to behave a bit erratically after ... event occurred where for no reason whatsoever the credit union decided to but a "security hold [more...]
Date: 2008-11-11 07:14:41
JAY TEA ON THE BAILOUT: So, to me, it seems abundantly clear that the Democrats don't see the current situation as a crisis, ... their words -- that they don't think things are anywhere as bad as they say ... isn't so bad, and are still far more interested in playing their run-of-the-mill political games [more...]
Date: 2008-09-30 06:39:05
Mortgage mods, failing miserably
Mortgage mods, failing miserably! I wrote a blurb about the re-default rate on modified mortgages a few weeks ago. Today there was a better and more detailed account of just how bad the track record ... replaced lower mortgage payments with increased credit card debt? Is it because the mortgages were [more...]
Date: 2008-12-09 01:03:00
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
Twas the night before eviction
Twas the night before our eviction (Refuges of the Economy) Twas the night before our eviction From our adjustable rate mortgaged house ... s going to hurt his credit real bad. “If I had it, I’d have paid it Joe said… The Bank sold ... the reality of a derogatory credit score “who’s going to lease to me, co sign for me, or even loan to me ?” [more...]
Date: 2008-12-27 00:55:40
AEI Subprime IV.4: Zimmerman Presentation
Here is Housing Doom’s fourth installment of our unauthorized annotated transcript of the American Enterprise Institute’s September 30, 2008 seminar "The Deflating Mortgage and Housing Bubble, Part IV: Where Is the Bottom?" This is the presentation by Tom Zimmerman. He makes use of an extensive slide deck. [more...]
Date: 2008-11-22 07:01:39
Debate Reax
I am fustrated. The media has set the bar so low that even Barack Obama can clear it ... to take some decisive action BO is completely obvious to true cause of the credit melt down, Frannie ... and Barney Frank elephant in the room want to blame the credit crisis on “tax cuts for the rich.” [more...]
Date: 2008-10-08 10:36:18
Basics of Reverse Mortgages
Basics of Reverse Mortgages Posted by Dark Spider at January 17, 2009 What is a reverse mortgage? ... profile fortune 500 bank, for whatever reason. If you have bad credit or questionable financial ... free card. It is a serious loan and therefore must be treated as one - if you know for sure [more...]
Date: 2009-01-17 00:07:33
The Wall Street Welfare BailOut Is Now Law
Now with more pork! They loaded it up with an extra 150 billion dollars of extra ear marks to make it an 850 billion dollar “bail out”. G Dub has already signed it in to law. The house basically voted against the bill last week just so they could load it up with pork and vote in a bigger piece of [more...]
Date: 2008-10-03 19:53:32
Secured Bank Loans – Advantages Of Getting Secured Versus Unsecured Bank Loans
Most people find themselves strapped for cash at times and are held back by the lack of money ... your other loans sounds bad, but the truth is that secured bank loans can help you quite a bit to reduce your debt. You can use secured bank loans to cover five credit cards for example, instead of keeping [more...]
Date: 2009-01-01 02:59:51
Debt Consolidation Services
Debt Consolidation Services Filed under: Business, Finance, Loans Foreclosure numbers are currently skyrocketing in a flat housing market, ... families faced possible loss of homes, and many financial institutes were seeing an increase in bad [more...]
Date: 2008-10-20 10:55:59
Congress OKs historic bailout bill
AP With the economy on the brink and elections looming, ... also were buffeted by a bad report on the job market. The Labor Department said employers slashed ... an uninterrupted flow of credit to households and businesses." He said the Fed would work closely [more...]
Date: 2008-10-03 14:19:36
Credit Consolidation Services
Credit Consolidation Services Filed under: Business, Finance, Loans Foreclosure numbers are currently skyrocketing in a flat housing market, ... of homes, and many financial institutes were seeing an increase in bad debts. As a result, there were [more...]
Date: 2008-10-21 06:32:32
Tracking My 2008 Predictions
Along with other OTB associates I’ve posted the scorecard for my 2008 predictions over there. By my reckoning I got 11 right, 1 wrong, and I gave myself half credit for 4 which gives ... half credit for predicting serious financial difficulties for at least one of the states, pointing [more...]
Date: 2008-12-29 16:18:57
Credit markets claiming “Bailout isn’t enough”
Yahoo! Finance, “Credit markets to Washington: Bailout isn’t enough” NEW YORK (AP) — The credit markets finally got a bailout bill, but the stranglehold hasn’t let up — a troubling ... to economic recovery. The credit markets, where companies go to get cash loans, have seized up since [more...]
Date: 2008-10-04 16:21:44
Bad Credit Home Loan Resources Mortgages,refinance,Car Loans, Auto Loans,Car Finance, Credit Cards,Payday Loans All Kind Of Loans Visit Us Now And Get 60 Second Guaranteed Approval
Posted By: admin| 2009.09.13 Bad Credit Home Loan Resources Mortgages,refinance,Car Loans, Auto Loans,Car Finance, Credit Cards,Payday Loans All Kind Of Loans Visit Us Now And Get 60 Second Guaranteed Approval Funding Way specializes in bad credit car loans, auto loans, consumer auto financing, bankruptcy auto loans… Trackback URLUncategorized|bad|check|credit|day|for|interest|loan|loans|low|military|money|morgage|mortage|mortgage|motorcycle|need|no|online|Pay|payday|people|personal|store|studen [more...]
Date: 2009-09-13 08:09:02
Bad Credit Home Loan Resources Mortgages,refinance,Car Loans, Auto Loans,Car Finance, Credit Cards,Payday Loans All Kind Of Loans Visit Us Now And Get 60 Second Guaranteed Approval
Posted By: admin| 2009.09.13 Bad Credit Home Loan Resources Mortgages,refinance,Car Loans, Auto Loans,Car Finance, Credit Cards,Payday Loans All Kind Of Loans Visit Us Now And Get 60 Second Guaranteed Approval Funding Way specializes in bad credit car loans, auto loans, consumer auto financing, bankruptcy auto loans… Trackback URLUncategorized|bad|check|credit|day|for|interest|loan|loans|low|military|money|morgage|mortage|mortgage|motorcycle|need|no|online|Pay|payday|people|personal|store|studen [more...]
Date: 2009-09-13 08:09:02
The next debt crisis -commercal mortage market set to collapse in North America in 2009-2010
Two weeks ago, I mentioned that about a dozen financial bubbles are about to burst. Here's a good reliable leading economic proxy indicator that doesn't get enoigh credit ... ., which evaluates companies' credit."We're probably in the first inning of the commercial mortgage [more...]
Date: 2008-11-30 02:37:45
Home Loan Owner Personal Secured – Pros and Cons Of Personal Homeowners Secured Loans
Do you own a home and you need money for unforeseen situations? Home loan owner personal secured loans can help you in that regard ... personal unsecured. These loans are of the secured type, and just as the name says, your house ... or bad credit score. Even in the case of bankruptcy, IVAs, arrears or CCJs, you can still apply [more...]
Date: 2009-01-08 04:06:14
How About 4.5 Percent?
How About 4.5 Percent? Our Readers Who Comment are all over the map this morning in their reactions to the news that the Treasury Department is ... of us who consistently pay at a higher (but not bad) interest rate. I understand why, but it doesn't make [more...]
Date: 2008-12-04 12:08:55
How the Rescue Bill Politics Did (and Didn't) Change
How the Rescue Bill Politics Did (and Didn't) Change By Ben Pershing The second time was the charm for the House of Representatives, which began the week by sending the stock market into the tank with its defeat of the financial rescue bill, and has ended the week by approving a modified version of the measure by a comfortable margin [more...]
Date: 2008-10-03 19:25:00
the auto fund is connected to the credit card fund....
It's been awhile since I've done a debt-proof living update. The beginning of the new year seems like a good time. We're still on track ... the vehicles are old - we'll need a new one at some point. OR. Roll that payment onto the credit card bill [more...]
Date: 2009-01-06 19:10:46
The Basics of Home Loans - Interest Rates, Closing Costs, Points
Stop! Before you look up mortgage companies up in your phone book, check out the offers online ... can be more appealing to you than a no cost loan. There are many places to get a home loan online. A bad credit rating ... credit rating. When you look online for a mortgage company, plan on checking out the rates [more...]
Date: 2009-01-02 09:14:36
Through A Democrats Eyes: Why McCain And Not Obama. Part 2 - Domestic Policy
NOTE: Please be sure to read part 1 - foreign policy and part 3 - character and social issues. While foreign policy is technically the realm of the President and the primary job of the position, recently domestic policy has taken a front seat in much of the focus and the attention of the President [more...]
Date: 2008-11-03 05:03:35
Energy Thoughts to Begin 2009
Why are there no congressional hearings on why Big Oil let the gasoline price get so low in these tough economic times? ... this works. Big oil is bad for gas price increases, big government is given a pass when they run [more...]
Date: 2009-01-02 23:18:00
Getting Mortage - Some Tips
Getting a mortgage is never easy, but first-time buyers have it roughest of all ... you for a loan with a lower down payment. Many banks accept down payment as low as 5%. Lowering the down ... payment, but you must pay a fee equal to 3% of the loan –that’s $3,000 on a $100,000 mortgage. FHA [more...]
Date: 2009-01-14 14:52:33
Credit Consolidation Services
Credit Consolidation Services Foreclosure numbers are currently skyrocketing in a flat housing market, ... of homes, and many financial institutes were seeing an increase in bad debts. As a result, there were [more...]
Date: 2008-10-21 07:23:27
30 Loan and debt articles by timbami
I need 30 unique and well written articles about: Personal loan (various types of personal loan) Mortgage loan (various types of mortage loans) Bad credit loans ( fex how to get a bad credit… (Budget: $30-250, Jobs: Copywriting) Go to Source Post similar project on [more...]
Date: 2009-06-26 08:30:30
Credit Consolidation Services
Foreclosure numbers are currently skyrocketing in a flat housing market, ... of homes, and many financial institutes were seeing an increase in bad debts. As a result, there were [more...]
Date: 2008-10-24 11:16:07
