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

Blog posts (145) | Videos (93)
 

Liens

If you do not pay State or Federal taxes or pay a debt owed to a creditor, they can make a claim against your property ... from the mortgage and the lien! How does a lien affect my credit report and credit score? This type of security interest looks very bad on your credit report. Potential lenders see a lien on file [more...]

Date: 2009-01-04 00:30:06

Mortgage Loans

There are times when we were not able to fulfill our dreams at the right time ... and it is very vital to move a single day in this planet.Many people with bad credit are affected by financial problems a lot.Since most lenders will not sanction loans for people with bad credit [more...]

Date: 2008-10-15 00:28:17

The Vegas Decade

As I research the history of the mortgage meltdown, it's funny how often Las Vegas takes center stage ... -down option to borrowers with blemished credit. The FHA isn't a direct lender, but guarantees loan ... with bad credit to put money down on a house is UnAmerican and probably racist, at a homebuilder's [more...]

Date: 2008-11-21 10:32:00

Mortgage Chatter for the last day of July: Covered bonds, Pres. Bush signed the bill - now what?

“People need good lies. There are too many bad ones.” So chimed in Kurt Vonnegut ... . of Colorado. Mercury’s lenders pulled their line of credit after Mercury failed to meet loan requirements ... if the mortgages go bad, the bank must step in to ensure that bond holders get their interest. Put another way [more...]

Date: 2008-07-31 12:19:55

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

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

Four Ways To Lower Your Alabama Mortgage Payment

Many homeowners would be able to afford their mortgages if not for a temporary financial hardship or an inopportune interest rate reset ... a more affordable payment, even if they have bad credit or they have recently changed jobs. While using a foreclosure lender is a viable option, in times of a credit crunch and lower property values [more...]

Date: 2008-10-30 13:45:41

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

The Sand States

Here are excerpts from "The End" in Portfolio by Michael Lewis, author of Liar's Poker, on the financial collapse ... in asking home­owners with bad credit and no proof of income to put no money down and defer interest ... states. The loans would have been made by one of the more dubious mortgage lenders; Long Beach Financial [more...]

Date: 2008-11-12 00:44:27

Is Vacation Ownership Immune from the Credit Crisis Cold?

I wrote this article for  ARDA’s Development’s magazine in the summer of 2008. Unlike auto loans, mortgages and other consumer credit, the performance of Timeshare receivables ... to autos to student loan debt. Lenders are bracing for bad news in the timeshare industry as well [more...]

Date: 2009-01-15 16:07:27

Topics In First Time Mortgages Explained

Topics In First Time Mortgages Explained Posted By Chris Channing on @ 11:30 pm by Chris Channing When it comes time to buy a house or vehicle, ... locations. Having a bad credit score often hinders many from even attempting to obtain a mortgage loan. This shouldn’t be a deciding factor, since many lenders these days expect most to have a less [more...]

Date: 2008-10-21 04:30:38

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

The current crisis is near the end....

This post is by Jim Fitch of Some Assembly Required. When someone tells you the current crisis is "near the end", ask them which end ... as much credit card debt in June as economists thought possible, increasing their total Visa bill to $2.59 ... struggle to swallow the bad debt it got when it spent $24 billion to buy doomed mortgage lender Golden [more...]

Date: 2008-08-11 13:40:58

Miguel Barbosa Interviews Michael Mauboussin: Author, Investor, & Multidisciplinary Thinker

Benoit Mandelbrot once said that “failure to explain is caused by failure to describe”. The world has experienced one of the most severe financial crises. How should we make sense of what happened? Without a doubt, we should describe the financial crisis in a multidisciplinary fashion. Only through multiple perspectives can we begin to uncover the origins of the “great recession”. Today, I’m pleased and honored to have one of the foremost experts in multidisciplinary thinking, Michael Mauboussin. [more...]

Date: 2009-09-28 16:43:17

US Federal Government Ran the Biggest Deficit in History

The rally may end any day, but it didn't end yesterday. Stocks rose 127 points, as measured by the Dow. Oil closed at $66. Gold rose $2.50. We said we were doing some serious thinking this week. Maybe it is the season. But more and more, our thoughts become grayer. Less black. Less white. Less hard. Less soft. A few years ago, it looked to us as though the world financial system had gone to war. We cheerfully awaited the victory parade. We figured Mr. Market would whup the feds good and hard. [more...]

Date: 2009-09-30 05:18:23

Bailed Banks

The Bush-Obama strategy of throwing trillions at the banks to solve the mortgage crisis has been a failure. The banks welcome public money to remove toxic assets from their books, insured by we-the-taxpayers, as well as the hundreds of billions in direct handouts, but they’ve hardly returned the favor. They’ve used these funds to pay mega salaries and prop up stock values, choices that obviously benefit them. They needed public support, no one wanted the system to collapse. [more...]

Date: 2009-09-30 21:58:57

The Battle Continues

The rally may end any day, but it didn’t end yesterday. Stocks rose 127 points, as measured by the Dow. Oil closed at $66. Gold rose $2.50. We said we were doing some serious thinking this week. Maybe it is the season. But more and more, our thoughts become grayer. Less black. Less white. Less hard. Less soft. A few years ago, it looked to us as though the world financial system had gone to war. We cheerfully awaited the victory parade. We figured Mr. Market would whup the feds good and hard. [more...]

Date: 2009-09-29 18:37:13

The Battle Continues

The rally may end any day, but it didn’t end yesterday. Stocks rose 127 points, as measured by the Dow. Oil closed at $66. Gold rose $2.50. We said we were doing some serious thinking this week. Maybe it is the season. But more and more, our thoughts become grayer. Less black. Less white. Less hard. Less soft. A few years ago, it looked to us as though the world financial system had gone to war. We cheerfully awaited the victory parade. We figured Mr. Market would whup the feds good and hard. [more...]

Date: 2009-09-29 18:37:13

Like itâ Tell?? Sat Loan Modification scam before it costs you your home

The combination of a complex service, desperation of those who leave the service and a new, wide-open market with little regulation, the possibility for fraudsters to have the advantage of a situation that can bring a quick score with them. The biggest problem for the victims of fraud in the loan modification generally isnâ? T the money, itâ? S the effect of time and missed payments to foreclosure. In terms of sheer numbers, the frequency of the loan modification is limited to relatively low. [more...]

Date: 2009-09-28 10:57:42

Walk A Mile In The Loan Modification Business

by Adam Whazzer Who is there to Help Those Who are Called to Provide Help? I work at a Foreclosure Defense Law Firm which happens to also engage in the practice of Loan Modifications. I am not an attorney nor am I here to provide or imply legal advice. The Loan Mod & Foreclosure Defense business has gotten a bad rap due to some bad apples in the bunch but there are some of us who actually care about what we do and to protect Homeowners and their Families from impending Foreclosure. [more...]

Date: 2009-09-29 17:25:39

Bad Credit Lenders – Getting Assistance While on Unemployment

Bad credit lenders have done a lot to help those on unemployment get assistance. The government has worked very hard to extend unemployment benefits and companies who lend money have started to follow suit. Much more common now are unsecured unemployment loans. Not all personal loan companies are willing to do this but it is becoming more of a reality now that unemployment is getting very close to 10%. The president has admitted that unemployment in the double digits is not only possible but expected. [more...]

Date: 2009-09-29 18:36:51

Underlying Demand During a Housing Shortage

There is an impressive amount of garbage in today's headlines to sift through. Most of it, of course, is rubbish. But there are probably two main takeaways from the last 24 hours: don't fall for the earnings recovery story, and housing is still a sucker's bet in country's whose names begin and end with the letter "A". Let's take the earnings recovery story first. Tomorrow we're going to have a look at the outlook for Aussie bank earnings. [more...]

Date: 2009-09-30 04:58:24

How To Obtain A Mortgage Loan Modification To Prevent Foreclosure

In today's economic environment, mortgage foreclosure hurts everyone. The homeowner's credit score is destroyed and, most importantly, they are forced out of their homes causing them to lose everything they put into the property. The homeowners' neighborhood loses as property values decline, crime rates go up, and the tax base evaporates. And the lenders lose because the cost of foreclosure is extremely high and they must report foreclosures as non-performing assets. [more...]

Date: 2009-09-28 15:17:38

In The News Today

Barrick and its OTC Short of Gold Derivative Obligations: I am asked constantly how Barrick can cover all their hedges. The answer is quite simple. Barrick does not have to buy one ounce of gold. You buy your way out of hedge contracts with paper money. The simple question is what does the long side want to release the obligation in light of future possible profits on the position? What a hell of a needlessly expensive mess. [more...]

Date: 2009-09-30 19:48:55

Latest Tips For Using Loan Calculators To Save Money

September 28, 2009 | By John Boone In Finance | by Ann WhittakerImagine the next time you join a discussion about simple loan payment calculators. When you start sharing the fascinating loan calculator facts below, your friends will be absolutely amazed.Financing your dream car and keeping bad credit at bay is as simple as 1-2-3. Financial institutions are increasingly becoming flexible about bad credit personal loan applications. [more...]

Date: 2009-09-28 20:24:26

Are Bad Credit Debt Consolidation Loans Difficult To Obtain?

Amazon.de Widgets Bad credit Debt Consolidation Loans are they still available? This article looks at whether or not the consolidation loan for people with bad credit is still available.Don’t take my word for it, but bad credit consolidation loans are rare…very rare, but the situation is improving slowly.It never used to be the case, but the decline of the economy over the past two years, due to the global fall out from the sub prime mortgage fiasco, has meant that lenders are reluctant to lend [more...]

Date: 2009-09-28 11:56:59

Need a Payday Loan? Important Tips are Here!

Do you looking for a same day payday loan? The financial help through a no fax payday loan will be a best option for you. Getting a loan on the same day of application is not that complicated because of the increase in payday loans available today. This will help you to manage your unexpected expenses without any delay. You don’t have to waste your time on faxing documents and proofs. If you are not getting approved by one lender, don’t be panic. You can try with other lenders. [more...]

Date: 2009-09-29 18:16:13

Two clubs for small mortgage banks; Freddie pushes back 10/1 changes; GMAC steps in to TBW role

  Out here in California, some in the business have been following the case of 28-yr old Garret Gililland III. Originally from the Sacramento area, he was just captured in Spain and brought back to California to face charges of a $100 million mortgage fraud ring. In yet another example of what seems to make the headlines for mortgage brokers, Gililland fled in June 2008 with at least $250,000 in cash. [more...]

Date: 2009-09-28 14:40:26

Opting For Bad Credit Refinance Is Like Walking On Thin Ice

Opting For Bad Credit Refinance Is Like Walking On Thin Ice by Angus GuyWondering whether it is possible to get a bad credit refinanced or not? Well, you can most definitely get a bad credit refinanced as there are several people who take to this recourse. Normally, your credit ratings dictate the future prospects of availing a further credit. However, despite the low credit ratings; Bad Credit Refinance is definitely an option available.The bad credit situation is a result of various factors. [more...]

Date: 2009-09-30 21:56:17

Profiting from Payday Loans in 2009

On an otherwise normal evening in 1964, a woman known as “Miss Witness” received a disturbing telephone call from alleged loan shark Frank Sacco ... . Prices are still crashing - currently sitting about 35% below a year earlier. Credit is nearly frozen. Banks and credit card companies alike are buckling down and leaving very little money free [more...]

Date: 2009-01-16 19:38:12

Refinancing Your Mortgage With Bad Credit

by Chris Bird So many people are trying to refinance their mortgages today. A lot of people are doing this because they have lost their jobs and are getting less income. The income from unemployment is only a certain amount of what your income is when you are at work. The only problems with trying to refinance mortgage with bad credit is that they are getting turned down either due to lower income or due to having bad credit. Unfortunately, a lot of people have bad credit and can’t get a loan. [more...]

Date: 2009-09-28 13:05:49

Credit Repair after Bankruptcy

Rollover USA-401K Rollover to IRA is a post from: Rollover USA-401K Rollover to IRA Having trouble acquiring loans because of a damage credit card? It’s really hard to apply for a mortgage and borrow money from lenders when credit card gets a bad rating, or worse when the card holder falls in to bankruptcy. Many loaning institutes and lending companies are now reviewing their client’s credit cards first. A [more...]

Date: 2009-09-30 14:56:13

Best Mortgage Refinancing Rates

When a homeowner refinances, they always want the best mortgage refinance rates possible. Getting the absolute lowest rates will save a homeowner a lot of money. Here is some help for homeowners who want the best mortgage refinancing rates available. See If You Qualify…….! Know The Current Average Mortgage Rates Newspapers, television programs, and the internet have daily reports on what the average interest rates are for a mortgage refinance . [more...]

Date: 2009-09-30 05:44:48

Best Mortgage Refinancing Rates

When a homeowner refinances, they always want the best mortgage refinance rates possible. Getting the absolute lowest rates will save a homeowner a lot of money. Here is some help for homeowners who want the best mortgage refinancing rates available. See If You Qualify…….! Know The Current Average Mortgage Rates Newspapers, television programs, and the internet have daily reports on what the average interest rates are for a mortgage refinance . [more...]

Date: 2009-09-30 05:34:57

Bailout Binge: Zombie Edition

You know, Keyser has been ruminating a bit recently about the implications of printing ungodly sums of money to bailout people and companies that made bad decisions in the past and would go into bankruptcy if they didn't get bailed ... , and the only problem is this "credit crunch." So give them a few hundred billion dollars (in return [more...]

Date: 2009-01-17 18:22:00

Try getting a loan

by Misha Weidman: I’ve been talking to lenders over the last few weeks to get a sense of the credit crunch from their side of the desk ... have a stash of cash ready to go for your down payment and your credit score better be impeccable – or you’ll ... . Several were loan officers at big retail banks like Bank of America and Wells Fargo. Others were [more...]

Date: 2008-12-20 16:35:30

Are greedy wolves making government-insured mortgages?

Now that subprime is a dirty word and Wall Street firms are no longer making securities backed by loans to people with low credit scores, brokers and bankers are filling the void with a little help from Uncle Sam. They are making loans ... FHA, which is meant to expand credit to folks of modest means? John Courson, president of industry [more...]

Date: 2009-01-15 11:00:45

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

The Poverty Business

Sorry if this appears to be an older article, and not latest headlines, just thought it was interesting - loki The Poverty Business Inside U.S ... into Byrider, Tsosie drove off, jubilant, in a 1999 Saturn subcompact she bought entirely on credit ... access to credit has put cars, computers, credit cards, and even homes within reach for many [more...]

Date: 2009-01-15 00:45:24

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

Fed “Shock & Awe,” What 0% Means, 2008 Pay Raises, Controversial Auto Survey and More!

Fed saves us from ourselves… details of the historic FOMC decision… Dan Amoss and James Turk on the implications of 0% interest rates… Dollar gets ... to further support credit markets and economic activity.” “This announcement,” Dan Amoss wrote ... . This may include a major mortgage refinancing initiative in 2009. A hint of such an initiative [more...]

Date: 2008-12-18 19:08:51

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

What Can I Do? I’m Treated Like A Financial Leper Because My Credit Is Bad

Amazon.de Widgets If you feel like you’ve been well and truly left out to dry by the financial institutions, you have every right. The current economic meltdown is the reason, and because of our excessiv spending of the last 5 years we’re not totally blameless, but we’re certainly not to blame for the financial mess that the US and the rest of the world is facing right now either. [more...]

Date: 2009-09-28 12:04:42

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

Thoughts for a Wednesday Morning

Gaza City, 14 January: An Israeli air force attack Photograph: Abid Katib/Getty ImagesComfortable ConspiraciesAs this new year dawned, this site was engaged in reporting the struggle of the people of Gaza against the ruthless invading army of Israel that was hell bent on wiping Gaza off the map with as little political blow-back as possible [more...]

Date: 2009-01-14 13:14:00

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