Bank Bailout Puts Taxpayers At Risk

ABC News' Betsy Stark reports: It all feels less frantic than the government's rescue of the financial system a couple of months ago -- and we can ... , it is reasonable to expect more loan defaults on everything from mortgages to credit cards. And if banks ... these bad assets that are draining bank reserves and investor confidence. In other words, [more...]

Date: 2009-01-16 19:01:22

Blog posts (236) | Videos (263)
 

Where Is The Safest Place To Save Or Invest Your Money?

Whether we want to acknowledge the grim reality or not, ... of bad mortgage debts and the loss of value in their subprime mortgage loans, major mortgage ... the credit crunch squeeze. With the recent bank safety scares hitting Wall Street and now Main Street, bank [more...]

Date: 2008-10-03 06:35:30

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

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 loan money i$ out there…….

Qualifying for a mortgage is not nearly as easy these days as it was just a couple of years ago, before the subprime-loan-market collapse and the worldwide credit freeze. Still, mortgages ... and detail – good or bad – your borrowing record contains. A consumer whose credit score is a little [more...]

Date: 2009-01-15 17:02:23

Bad Credit Loan Mortgage Foreclosure Information

Many people are delaying their obligation to get auto insurance. Well, auto insurance is important for today, because this is the right help if you get any kinds of auto emergency, such as theft and accidents that have become regular problems [more...]

Date: 2009-01-15 08:23:07

New Year, Better Credit Score: Post 3

stockxpertcom_id12723501_size0-743295.jpg So FICO has branded you with a not-so-desirable credit score and you have made the resolution to bring ... month.  Remember also, not all debt is bad.  Items like mortgages and car loans on your credit report ... and see if they will take the late payment off so it doesn’t show up on your credit report [more...]

Date: 2009-01-10 15:55:57

Mortgage loans available

Last few weeks ago, I was really concerned about our economy ... With experts that can help you refinance with bad credit and keep you in your dream home, you would ... take advantage of bad credit mortgage refinance opportunities to give themselves more manageable [more...]

Date: 2008-10-21 04:24:20

The Worldwide Credit Crisis

Recently in the UK Lloyds TSB has merged with the HBOS group which includes the old Halifax building society, BM solutions, IF, TMB ( ... to the satisfaction of everyone. What also will happen to the home owners who have a bad credit mortgage ... a large player in the financial market good deals on mortgages and lower rate loans could be impeded [more...]

Date: 2009-01-02 03:00:28

Housing in O.C. beach towns slumps, sales off 28%

Analysis of MDA DataQuick’s November report shows the county’s beach-close communities are clearly being challenged by a credit crunch and a ... rents? 30-year mortgage at 37-year low CA banks drop protection against bad loans Mortgage aid scheme a failure Bad house, car debts mount in O.C. [more...]

Date: 2008-12-22 08:24:51

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

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

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

Commercial Real Estate Mortgage

There are different types of loans that are available in the market; while some loans are meant for personal requirements of an individual, ... risks by providing loans to those people, who have a bad credit record. The financial institutions ... for their business needs. This type of loans is highly in demand with all the people who are involved [more...]

Date: 2008-12-19 23:06:31

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

Bailout Passes Senate

Senate votes 74-25 to approve the measure in a dramatic desk roll call vote. The infamous twenty-five are listed here ... highway caused by bad mortgage loans,” Alexander said. “This should get economic traffic moving again and restore confidence so that Americans can get auto, student, mortgage, business, and farm credit [more...]

Date: 2008-10-02 02:31:10

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

Blaming the Poor

You have, no doubt been wondering who to blame for the current market meltdown ... One of the reasons so many bad mortgage loans were made in the first place is that Barack Obama’s celebrated ... was originally passed to combat “red-lining,” the practice by which credit-worthy applicants were denied loans [more...]

Date: 2008-10-11 23:26:00

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

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

Consider loan payment protection insurance

Consider loan payment protection insurance January 9th, ... taken into account when you apply for any type of credit whether it is a loan, mortgage, credit card ... have to be maintained regardless of the fact of whether your circumstances change. The bad news [more...]

Date: 2009-01-09 06:57:30

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

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

“we’re in this mess, ultimately, because our political elites thought it was good social policy to encourage banks to give mortgages to uncreditworthy people, resulting in what Sailer months ago called the “Diversity Recession”

Read it and send it to eveyone you know! When I and my wife, a legal alien, bought our house, ... indulgence towards junk science. If the bank gave loans to white people like my wife with no credit, or bad credit, the bank would later look bad if was sued for discrimination, even if it was innocent [more...]

Date: 2008-09-25 15:28:49

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

When you should use a credit repair agency.

Credit has become a very important part of peoples live in todays age. If you have bad credit you are familiar with having closed doors to loans, bank cards, credit cards, car financing and mortgages. Now all is not lost and you have the option to start fixing your credit. [more...]

Date: 2009-09-29 18:23:10

When you should use a credit repair agency.

Credit has become a very important part of peoples live in todays age. If you have bad credit you are familiar with having closed doors to loans, bank cards, credit cards, car financing and mortgages. Now all is not lost and you have the option to start fixing your credit. [more...]

Date: 2009-09-29 18:23:10

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

Waldman On Thinking Clearly About Expenditures & Investments

Last week we ran a post displaying several graphs of the 2008 bailout vs other government projects ... a security derived from a mortgage or credit card loan made two years ago.” Click Here To Read Steve ... of the credit crisis? Risk or Conservative BehaviorPaul Krugman’s Thoughts About ThinkingGood and Bad [more...]

Date: 2008-12-03 16:00:36

Meet a self-described “bank terrorist”

Revolting (h/t: Moonbattery): Bruce Marks, founder of the leftist Neighborhood Assistance Corp ... “easy lending.” Listen to NACA’s pitch: “Come to NACA, and regardless of how bad your credit ... , while increasing the number of mortgages it restructures by lowering interest rates and extending loan [more...]

Date: 2008-11-20 23:53:27

So, an I-Bank Walks into a Bar…

The U.S. is (possibly? maybe? mos def?) straddling the cusp of an economic crisis, and what do our politicians do? ... should keep a close eye on what makes it into this thing: defaulted mortgages, fine. “Car loans, credit ... .” Oh, Nance, you kinky tart, you. Seriously, this is what we should be asking: How bad does [more...]

Date: 2008-09-26 15:43:39

5 Fixes for Financial Woes Get Out of Debt Fast

This year we are not in a good shape when we talk about financial status. We expect too much of our farm crop ... . Put “bad” debts, such as unpaid high-interest credit card balances and payday loans – cash loans ... . 3. Lose the Flab ***Consider how much you spend on mortgage, rent, car payment, insurance, groceries [more...]

Date: 2008-12-10 04:04:12

Theft By Any Other Name

Let’s try a little experiment.  The next time you have a bill due, whether it’s a utility bill, your mortgage or rent, credit card payment, ... s bad enough that tax agencies treat this overflow as a sort of zero-interest loan, now they’re ... to soften the sting) and you’ll have some grasp of the shenanigans the California Controller’s office [more...]

Date: 2009-01-02 03:32:40

Bad Credit Mortgage Refinance Is The Way Out For Defaulters

Sep 16th, 2009by Jimmy Tyrrell. As the financial situation has become unpredictable and erratic, non prime loans have taken a nosedived, leaving the investors in a fix. As it is a gamble the investors expect some kind of relief soon. The degree of the gamble has in turn hiked credit prices for borrowers. Initially investors gained considerably from the increase in fiscal growth and the rise in prices of bonds and currencies. [more...]

Date: 2009-09-16 18:54:55

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

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

Just Tricks…No Treats for Friday’s Rates

Mortgage rates continue to trend upwards like mummies crawling out of their graves.  (Sorry…bad reach. Booooo).  October has been terrible for rates! ... FHA.  Pricing based on credit score of 620 or better and loan amounts up to $362,790 for FHA in King ... all ready be factoring bad news into their brew. Conforming Mortgage Rates (loan amounts up to [more...]

Date: 2008-10-31 19:48:17

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

The best bad financial decisions...

If you only had enough money to pay your mortgage or your car loan, which would you pay? ... with credit cards? * Take out a payday loan or use a pawn shop? * Pay property taxes or income taxes ... Unfortunately, many Americans are faced with making what amounts to this type of "best bad [more...]

Date: 2008-11-11 03:07:00

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

Citi to hive off India arms after global split

Citi Financial, one of the largest finance companies operating in India, may sport the ‘For Sale’ sign, ... or bad loan ratio in India for its credit card and consumer banking business in India rose to 6.3 ... loss of $8.29 billion. Citi Financial, whose businesses in India span mortgages, personal loans [more...]

Date: 2009-01-17 05:43:13

Bad Credit Mortgage Refinance Is Now Available

Investors have found themselves in dire financial straits in the wake of the recent global financial fiasco leading to the ruination of the sub prime loans. In this highly volatile and risky economic atmosphere, the investors are looking for some kind of magic wand that will dispel all the turbulence. [more...]

Date: 2009-09-28 15:33:53

Shopping and Saving Money...

Oh, for the good old days when people would stop Christmas shopping when they ran out of money. ~Author Unknown So... ... has a mortgage, we own everything. No loans. No credit card debt. We lived on hand-me-down furniture ... . I thought -- heck, it's NOT the weekend, and it's early in the morning, it shouldn't be too bad. WAS I EVER [more...]

Date: 2008-12-06 10:17:42

OBAMA’S ‘ORGANIZER’ BUDS PUSHED FOR BAD MORTGAGES

O’S DANGEROUS PALS By STANLEY KURTZ, NY POST Chutzpah: ACORN’s drive to lower mortgage standards paved the way for the meltdown - yet last week, ... banks into making high-risk loans to customers with poor credit. In the name of fairness ... the US economy by pushing the banking system into a sinkhole of bad loans. And Obama has spent years [more...]

Date: 2008-10-13 03:22:59

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

Lala Land

Blink and you may miss another government bail-out, loan guarantee, federal plan to alleviate a bad or unwise mortgage, a suggestion for more government funds for a more aggrieved constituency, or credit-card relief ... that there were no Americans who chose to rent until they could pay a suitable sum as a down payment, or bought [more...]

Date: 2008-12-16 00:47:41

It’s a solvency problem, not a liquidity problem

The term “credit crunch” is very misleading for the current crisis ... just do not make economic sense. Thus far, the spotlight has been on one piece of that problem - bad mortgage loans - but I think we’ll see the problem areas expanding rapidly to include a lot [more...]

Date: 2008-10-09 22:05:27

Banks and Consumers Are the Problem, Not Bad Assets

Treasury Secretary Henry Paulson announced that he has shelved the original plan to buy troubled mortgage assets via the recently approved $700 ... loans, student loans and credit cards. This is creating a heavy burden on the American people [more...]

Date: 2008-11-14 12:14:14

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