The Home That Was To Be Their Nest Egg
ABC 7 News reports from California. “Monday was just another day at Marsh Creek Elementary in Brentwood. School keeps kids focused on things other than the housing slump which has devastated this community. Just a few miles away is the City of Oakley where 620 homes so far this year have been lost to foreclosure [more...]
Date: 2008-12-03 18:28:57
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Mortgage Rates, Scary Jobs Details, Investing in 2009, Russian Gas Dispute, and More!
by Addison Wiggin & Ian Mathias Mortgage rates plunge to record lows… but are they at the bottom? ... of the credit crisis. “That’s bad,” Byron King somberly explains. “We already have an aging work force ... to 2009… how to invest amid rife market manipulation If you’ve got money, credit and patience [more...]
Date: 2009-01-08 01:36:29
Okay NDP. Listen up: “Debt is the pariah in the new economic order”
There was a good article in Saturday’s Globe by industry player (read: not a lame reporter) Tom Bradley entitled “Debt is the pariah in the new economic order”. This is a reality that all Canadians, especially policy makers need to understand.Interest on debt, like distributions on income trusts is paid from pre tax cash flows [more...]
Date: 2009-01-14 16:01:00
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
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
The Brakes Are Not Working In California
The LA Times reports from California. “A record 10% of the nation’s mortgage-burdened homeowners fell behind on their loan payments or were in foreclosure during the third quarter, according to a survey released Friday by the Mortgage Bankers Assn., which said California and Florida were the biggest contributors to the worsening picture [more...]
Date: 2008-12-06 18:15:59
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
Another Bailout Plan: Directly Bailout Homeowners
—Ace Actually, if you accept "bailout logic" at all, this makes the most sense and should have been done from the beginning ( ... credit and a mortgage can refinance at a new lower rate. Treasury Secretary Henry Paulson ... mortgage rates to 4.5 percent would allow most homeowners to refinance into a cheaper loan, far fewer [more...]
Date: 2008-12-06 06:32:52
Morning Commentary
negative interest rates; FDIC thoughts on the housing bubble in 2004; Cecilia Rouse over Austan Goolsbee?; Greg Mankiw's Macro Quiz 1 ... of 2004. The article was entitled Housing Bubble Concerns and the Outlook for Mortgage Credit ... to put up collateral on transactions such as credit default swaps. The main point is not so much [more...]
Date: 2008-11-21 15:18:57
The Endgame
The Endgame Employment Numbers Are Worse Than Posted Aye, Captain, I'm Giving Her All I've Got! Problem #1: Deflation Problem #2: Pushing on a String The Muddle Through Middle Conversations With John Deflation? Stimulus? Deleveraging? Recession? A soft depression? A return to a bull market? With all that is going on, how does it all end up? [more...]
Date: 2009-01-17 21:29:29
Subprime Defaults Are Just The Beginning
If you thought we were almost done with the collapse of the mortgage market, you are sadly mistaken. Last night 60 minutes did a piece about the looming wave of mortgage defaults, Alt-A and option ARMs. While, as Scott Wilson outlines below in his guest post on Your Mortgage or Your Life, 60 minutes did not do a fabulous job on this story, [more...]
Date: 2008-12-15 23:37:29
Things to Consider If You Can't Afford Your Payment
I read a lot of the info. you have on your web page ... thank you. I don't live in San Diego so I'm not looking for a home. What I am trying to decide is whether to sell or refinance. I live in DELETED. My mortgage payments are now approx. $2,400. I cannot afford to refinance into a fixed rate mortgage or interest only [more...]
Date: 2008-12-28 15:23:29
Pocket Profile: The Finance Buff
This week we spoke with The Finance Buff. His blog was named the Best Finance Blog for People Ready to Save or Invest by the CEO of Wesabe ... percentile! Credit Card Debt: None. Top percentile! What are your two favorite financial products? Why ... : Greater than 90% of Americans. Rent/mortgage: 34% of Americans pay more in rent. Credit Score: Don’ [more...]
Date: 2009-01-15 17:07:27
Personal Finance Money Tips Q&A #1
This is the first post of the regular questions and answers series. If you have any question, please try our forum ... . To me, I have bad experience with a local bank (not good to disclose here, just call it Bank A) - poor service and slow respond. I am refinancing the home loan to HSBC and Bank A keeps giving trouble [more...]
Date: 2009-01-08 23:00:50
WaMu’s New $1 million 5-year 1% Balloon Loan (mod) - $878 Per Month!
1/5/09 - EFFECTIVE IMMEDIATELY - Modified Loans are Ineligible For Fannie/Freddie Refi’s, while FHA MAY Be Eligible ... for conforming loan financing.” All Sorts of Consequences This has all sorts of consequences ... . In my experience, most mods result in one of more of their definitions of ‘restructured.’ A restructured loan [more...]
Date: 2009-01-12 17:52:15
Henry Paulsen as Mary Bailey
The disjointed and ad hoc reaction of the Bush administration to this mortgage crisis stands in ... that -- just as today -- credit was frozen for home lending institutions. It empowered the Federal Home Loan Bank ... not be saved by refinancing, if home owners had to wait for home values to rise. So, it [more...]
Date: 2008-11-30 05:27:22
Homeownership: Is a High Homeownership Rate Good Policy? No. Examining 3 Cycles of Homeownership Data over 100 years and Implications for the Economy.
The current housing crisis has left us with an opportunity to examine the driving issue behind a high homeownership rate ... of principal before a balloon payment was due when the loan matured or was refinanced. Refinancing ... of thousands of banks and other lenders contributed to the difficulty of refinancing, as customer relationships [more...]
Date: 2009-01-08 08:06:45
One More Time: It Wasn't the CRA
James Kwak has had enough of people trying to blame the financial crisis on government attempts to help poor people through the Community ... this up. ... At its core, the argument is that the government forced lenders to make bad loans in one market, so they went and decided to make bad loans in other markets. Even conceding [more...]
Date: 2008-12-16 18:17:51
It’s time to refinance ~ but is your home worth enough to get that great low rate?
Short sales, Bailouts, Mortgage Reductions…there are all kinds of programs being talked about, ... . You have a credit score over 800? Awesome…we’ll give you a loan for up to 100% of the value of your home ... . But I have a question. What about the homeowner who has never missed a payment, has a great credit score [more...]
Date: 2009-01-17 04:16:58
Still a Girl
On Wednesday I accompanied Sue to her third and final ultrasound. It looks like number two is still going to be a girl ... like we’ll be traveling to a different hospital too. Now we wait. Sue and I are all ready. The car seat is in the car, the crib is setup and the baby bottling stuff is back in the kitchen. We’re [more...]
Date: 2009-01-17 03:54:30
Frank’s Foreclosure Fiasco
As we all deal with unemployment, 401k’s turned into 201k’s, falling home prices, tighter lending standards and the new vernacular of loan modifications, cramdowns, defaults, delinquencies and “under water mortgages”, the statistics just keep coming in month after month. Most [more...]
Date: 2009-01-16 04:40:56
Home Mortgages Guide
by John Bear Basically, mortgages are being used on real estate properties rather than other properties, so when you think of a mortgage loan, ... , interest and partial capital, and more. Second mortgages, refinance mortgages, and bad credit ... of the documents and credentials by the underwriter, and granting of the mortgage. A good credit [more...]
Date: 2009-01-05 21:45:33
“We can put light where there’s darkness, and hope where there’s despondency in this country ... S. Bernanke, chairman of the Federal Reserve, laid out the latest terrifying news: The credit markets ... easy credit, consumers who took on mortgages they could not afford and Wall Street chieftains [more...]
Date: 2008-12-21 16:01:46
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 Consequences Of Devil-May-Care Lending
The Des Moines Register reports from Iowa. “Deb Baker believes she’s one of about 31, ... her ability to refinance her unaffordable loan or to sell her home. ‘You hate to lose what you put ... a fair number’ of the inflated appraisals that accompanied the subprime-loan boom now causing [more...]
Date: 2008-12-08 15:54:59
Fast Home Equity Loans - Getting Approved Online
div style=’float: right; width: 100px; padding: 5px; margin: 5px; background-color: #FFFFCC;’font size=1font color=’#cc0000′bTip! ... of credit. Conversely, home equity line of credit allows you to borrow money as you need it and pay ... be a smart move to contact the lender of your existing home loan. If your credit is good [more...]
Date: 2009-01-15 19:15:47
All the Crappy News That Is Fit To Print
All the Crappy News That Is Fit To Print Sharon October 30th, 2008 Ok, if you haven’t scrolled down and read my happy thought post ( ... you have to show your hand. And when things get bad, sometimes you have to show both.” ... is reaching banks this week) is actually bad for us - not just because it is our money and indentures [more...]
Date: 2008-10-30 16:23:48
Des Moines Iowa Real Estate Market Recap - Week of January 5th, 2008
What’s The Real Estate Market Doing? Do you ever wonder how our real estate market is here in Des Moines? ... t know about you, but I think buying or selling a home is a pretty big deal. As a blogger and mortgage ... things are at. Do YOU Need Help? As a mortgage professional, I cannot sell real estate. I can however [more...]
Date: 2009-01-14 16:42:53
The Endgame
The Endgame by John Mauldin January 17, 2009 • Employment Numbers Are Worse Than Posted • Aye, Captain, I’m Giving Her All I’ve Got! • Problem #1: Deflation • Problem #2: Pushing on a String • The Muddle Through Middle • Conversations With John Deflation? Stimulus? Deleveraging? Recession? A soft depression? A return to a bull market? [more...]
Date: 2009-01-18 02:04:12
January 10 2009: Hornswoggled Absquatulation
Russell Lee Tobaccy Candy 1940 Pool hall, Shasta County, California Ilargi: The revolving doors between Washington and Wall Street are swinging like never before. Lawrence Summers and Robert Rubin are the finance powerhouses in the upcoming Obama administration. They were in the exact same place 10 years ago [more...]
Date: 2009-01-10 16:28:00
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
Bad Credit Loan Mortgage
Today as we observe, there are various kinds of loans that are present in this world. Some of them might curse and some of them can really help us ... credit loan mortgage foreclosure. So in line with that, there is this site called Bad Credit Loan Mortgage that helps people that have less than perfect credit obtain new loans or refinance their [more...]
Date: 2009-01-04 13:55:01
Refinance Home Mortgage Bad Credit – You Can Do A Poor Credit…
In the long run, if you get a Refinance Home Mortgage Bad Credit loan it may not only decrease your monthly mortgage payment, save your home, but it can also help you get out of debt. The good thing is you can do most of your research on the Internet. Now is time to take action and do your research! Continue reading here: Refinance Home Mortgage Bad Credit – You Can Do A Poor Credit… [more...]
Date: 2009-09-28 18:42:49
Clip Job: Sing a Song, Sing It Loud...
Clip Job: Sing a Song, Sing It Loud... by Tony Ortega (6:00AM 11/28) Blogsgiving: How the Locals Gave Thanks by Roy Edroso (9:56PM 11/27) ... at November 26th, 2008 6:02am If you don't want more bad news, then don't read about Henry Paulson's latest ... , Paulson plans for the government to soak up a lot of bad consumer debt. But his emphasis so far [more...]
Date: 2008-11-28 15:41:38
Mortgage rates slide under 5%
Rates on 30-year fixed-rate loans fell across the country for the week ended Thursday to an average of 4 ... Altman, a partner with WestCal Mortgage Corp. in Orange, said homebuyers with good credit and a 20% down ... .96%, the lowest in at least 38 years, says mortgage giant Freddie Mac. It began tracking rates [more...]
Date: 2009-01-15 22:02:07
Free HPK (High Paying Keywords) for AdSense
Googling for the topic of this post can have you looking through subscription and pay sites all day - but we managed to find an actual free list of ... $53.68 bad credit equity loan $53.38 abdominal mesothelioma $52.99 cash settlement $52.98 student loan ... school loan consolidation $76.54 college loan consolidation $74.93 car insurance quotes $74.78 aut [more...]
Date: 2009-01-06 13:12:02
All Time Low Mortgage Rates For A++ Borrowers Only
As discussed on December 31, 2008 many homeowners attempting to lower their mortgage rate apply for a refinance, ... From Lower Mortgage Rates). Unless a borrower has perfect credit (at least a 720 FICO score), adequate ... , lower credit scores and cash out refinances. The adders can easily amount to 2% of the loan [more...]
Date: 2009-01-15 08:09:46
Guarantee Mortgage For Bad Credit
Guarantee Mortgage For Bad Credit Published by Real Estate: Mortgage Refinance Articles from EzineArticles ... and Information Buying a new home or refinancing is an exciting thing, but when you need a mortgage for bad credit things can be a little more complicated. It doesn't mean you can't secure a loan [more...]
Date: 2009-01-16 15:37:07
Hard Money Loan
The hard money loan is a private loan in which actual cash is transferred from the lender to the borrower for the purpose of making a large purchase, ... of bad credit • Have no credit • Have previously had a home foreclosure • Have unverifiable ... of the commonly poor credit history of the hard money loan borrower. This means that the hard money [more...]
Date: 2009-01-15 07:36:00
5 Tips to Finding a Credit Card for Someone with Bad Credit
A person with a bad credit has a tough time getting his mortgage approved, a car purchase done or a college education funded. In fact many a time, you are not able to get credit or loan extended to you if you have a low credit rating. Even if you are able to procure a loan or a mortgage, you will get the same approved [more...]
Date: 2009-01-16 04:03:22
Having A Bad Time?
If you have a bad credit rating, it will be most difficult for you to get any credit accommodation when you need money ... you and it sends warning signals to lenders. So what do you do?You can try Bad Credit Loan Mortgage, the company gives the service that their name says - bad credit loan mortgage mortgages [more...]
Date: 2008-12-18 11:47:00
Home Mortgages Information
by John Bear In order to properly define a home mortgage, let us define first a mortgage ... . The other different types of mortgages are refinance mortgages, second mortgages, and bad credit ... . A borrower takes a mortgage for a real estate property rather than for other movable properties [more...]
Date: 2009-01-04 10:06:16
The sad facts of Metro Detroit refinancing
It is the hardest thing in the world right now to tell people they can't refinance. They can get a Michigan mortgage. The word NO or I can't do it are hard words to say. I feel bad for these people ... on their homes They have good credit They have paid their bills and mortgages on time They have jobs [more...]
Date: 2009-01-16 13:16:35
Best Refinance Mortgage Rates - Ways to Qualify for a Low Refi Rate
Obtaining a low rate is a top concern for many homeowners who choose to refinance their existing mortgage ... . In this situation, you will notice a decrease in your monthly mortgage payment. Homeowners with a bad credit ... . For this matter, lenders will not offer you a super low rate on a refi mortgage with a bad credit history [more...]
Date: 2009-01-15 04:45:36
Trepidation About Quantitative Easing, Version 2.0
The Fed made official its move to quantitative easing today, and said it will take no prisoners until it has lowered rates and credit spreads further ... Securities Loan Facility to facilitate the extension of credit to households and small businesses [more...]
Date: 2008-12-17 10:28:49
When You Shrink The Gold Mine In California
The San Francisco Chronicle reports from California. “As home values continue to plunge, the real estate valuation service Zillow said that 20 ... in a refinancing,’ he said. ‘For homeowners who did that, the amount of equity in their homes is even less than [more...]
Date: 2008-11-12 22:06:39
Refinance Fees You Need to Avoid
If you are in the process of shopping for a home loan there are a number of Refinance Fees you need to avoid if you don’t want to ... paying too much for your next mortgage loan. Refinance Fees When refinancing your home mortgage loan ... an eye out for when refinancing. At the top of this list is the so called “rate lock fee.” Lenders [more...]
Date: 2009-01-11 20:49:27
Mortgage For Bad Credit Secret
Mortgage For Bad Credit Secret Published by Real Estate: Mortgage Refinance Articles from EzineArticles ... and Information With the credit crunch, getting a mortgage for bad credit can be a difficult ... to determine if you get approve for your loan and at what rates, it's actually quite simple to qualify [more...]
Date: 2009-01-16 15:37:07
What Are the Pros and Cons of Adjustable Rate Mortgages - Is an Adjustable Rate Mortgage Good For Me
What Are the Pros and Cons of Adjustable Rate Mortgages - Is an Adjustable Rate Mortgage Good For Me Posted by Dark Spider at January 5, ... or refinance. While whats good and bad about these loans is usually dictated by the borrowers situation ... mortgage. What this will do is give you a lower monthly payment and extra money every month [more...]
Date: 2009-01-05 12:08:09
Pay Me My Money Down
Pay Me My Money Down—Bruce Springsteen In a healthy real estate market, people only take on as much debt as they can afford, ... your loan. This method of building wealth, the only one that really works, has been much maligned over [more...]
Date: 2009-01-08 20:30:56
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