BENEFICIAL SECOND MORTGAGE

Having a plan of purchasing new home also makes you face the deals of mortgage ... loan, bad credit loan, and many more. Go to the website and see the other scope of the service ... things so that you will not get the bad impacts of high interest that you should pay. Think [more...]

Date: 2008-11-13 07:31:03

Blog posts (122) | Videos (43)
 

Switzerland Pumps Billions Into Bank System

AP Like Swiss chocolate, Swiss watches and Swiss knives, Swiss banking had a reputation for high standards and top quality ... will go to create a $54 billion fund to buy bad securities backed by subprime U.S. mortgages ... from the Swiss tradition of cautious money management. UBS and the country's second-largest bank, Credit [more...]

Date: 2008-10-19 15:21:55

House approves bailout: $700-billion-plus

by Mark Silva and updated at 3 pm With the House's second and successful vote on a $700-billion federal rescue of the nation's financial markets ... at freeing a freezing credit market for businesses and consumers alike. It authorizes the Treasury to start buying as much as $700 billion in bad mortgage-related debts from banks and other financial [more...]

Date: 2008-10-03 19:06:58

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

How to Hedge Against Inflation With a Home Equity Loan

Home equity loans were a large part of the consumer credit expansion that fueled the economy for more than a decade. The housing market bubble drove up housing asset prices, but without refinancing a homeowner couldn’t spend their new found fortune unless they got a home equity line of credit. If you are unaware of the coming wave of inflation that will threaten to unravel the global financial systems, all I can say is wise up or read some of my previous articles .  If you are aware of [more...]

Date: 2009-09-29 14:00:00

How to Research Debt Collectors & Understand the Law

This is the first guest post in a special How to Fight Debt Collectors series on Bargaineering.com. So you’ve received a debt collection call or letter… In this day and age where you have rampant foreclosures, layoffs and job losses, it is simply inevitable that an individual may come across a debt collector, and frankly even without these external factors, it may just happen by a chance wrong number or even being related to someone going through a hard time financially. [more...]

Date: 2009-09-28 11:02:18

Michael Moore: Interview of “Capitalism: A Love Story”

Thanks to Radical Eyes for suggesting this interview, which appeared on Democracy Now, and is available in audio.Guest: Michael Moore, Academy Award-winning documentary filmmaker. His latest film, Capitalism: A Love Story, opened in New York and Los Angeles yesterday. It opens nationwide on October 2nd.JUAN GONZALEZ: It was a year ago today when President George W. Bush gave a primetime address urging Americans to support the $700 billion bailout of Wall Street. [more...]

Date: 2009-09-27 16:29:27

The 7 new rules of financial security

In a world turned upside down, you must re-examine some basic assumptions. A good place to start: understanding the true nature of risk.John Maynard Keynes, the Depression-era economist who’s having quite the comeback, once quipped when he was accused of inconsistency: “When the facts change, I change my mind. What do you do, sir?”Money has long advocated the benefits of consistency in your investing and financial planning. [more...]

Date: 2009-09-29 10:57:27

We’re Still a Nation of Spenders, Not Squirrels

Will we be spenders or savers? It is a big question for the economy. Without a rise in consumer spending it is hard to get economic growth. It is also a big question for retailers and other businesses relying on consumer demand. The evidence on what has been happening so far is mixed. Official figures suggest that retail spending has held up better than many other parts of the economy, with a 2.1% rise in sales volume last month compared with a year earlier. [more...]

Date: 2009-09-30 18:56:25

We're Still a Nation of Spenders, Not Squirrels

Will we be spenders or savers? It is a big question for the economy. Without a rise in consumer spending it is hard to get economic growth. It is also a big question for retailers and other businesses relying on consumer demand. The evidence on what has been happening so far is mixed. Official figures suggest that retail spending has held up better than many other parts of the economy, with a 2.1% rise in sales volume last month compared with a year earlier. [more...]

Date: 2009-09-30 18:03:11

SunTrust Racing: Utah 250 Preview

TOOELE, Utah (Sept. 15, 2009) – When the curtain came down on the four-race “Solid Is Lightning Fast” summer tour of the Grand-Am Rolex Sports Car Series three weekends ago at Montreal’s Circuit Gilles Villeneuve, SunTrust Racing’s Max Angelelli and Brian Frisselle were spraying victory champagne for the second time in their last four outings.   The unique promotion of SunTrust’s mobile and online banking products, featuring an eye-catching silver paint scheme on the No. [more...]

Date: 2009-09-28 02:25:00

More Rough Times Ahead for U.S. Economy, despite Recent Improvements

RISMEDIA, September 29, 2009—Despite recent signs of improvement, more rough times are ahead for the U.S. economy, according to several prominent experts in real estate and the economy who attended a recent forum at the Nixon Presidential Library.  “You look at the numbers and everything points to the fact that we not only have bottomed, but things seem to be improving,” said Christopher Thornberg of Beacon Economics, citing increases in durable goods orders, exports and auto sales. [more...]

Date: 2009-09-28 21:07:59

Concerns Of Home Buyers

by James Weekson There are many who want to purchase a home, but are scared after hearing all of the talk about how nobody is lending money and for people with a bad credit rating that of course means there is no way of obtaining a mortgage. First of all, there will always be a company around that will lend money and even though high end banks often restrict the amount lent out and to whom they lend money to, there are always other options available. [more...]

Date: 2009-09-27 17:36:13

AEI Interns’ Transcripts in Date Order: Their Own First Draft of History

First of all, I want to reemphasize everything Laurie just said. This is not a new threat, and this is not a threat we did not know about. Saddam Hussein has, in many ways, openly dreamed of mass death in the United States. He has shared his dreams with his nation and the world many times. We also know he has actively planned to do so many times, and Laurie’s book is a rather convincing argument that he is active and successfully implemented plans to do so as well. [more...]

Date: 2009-09-28 08:30:21

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

Concerns Of Many Home Buyers

by James Weekson There are many who want to purchase a home, but are scared after hearing all of the talk about how nobody is lending money and for people with a bad credit rating that of course means there is no way of obtaining a mortgage. First of all, there will always be a company around that will lend money and even though high end banks often restrict the amount lent out and to whom they lend money to, there are always other options available. [more...]

Date: 2009-09-28 07:45:51

Fixed Rate Second Mortgage

Most people who grow up in America, often think about one day having a family and settlement down in their own home. Owning your own place to call home has been an essential part of the American dream. People are often looking at different real estate properties, even when they don’t have the finances to afford it. Once you buy that first home of yours, it is feeling of accomplishment. After you own your own home, you have a new weapon to use in your finances. [more...]

Date: 2009-09-26 19:03:05

Free Consumer Credit Counseling

Most people who grow up in America, often think about one day having a family and settlement down in their own home. Owning your own place to call home has been an essential part of the American dream. People are often looking at different real estate properties, even when they don’t have the finances to afford it. Once you buy that first home of yours, it is feeling of accomplishment. After you own your own home, you have a new weapon to use in your finances. [more...]

Date: 2009-09-26 19:05:53

THE POLITICS OF PERCEPTION

Art and the World Economy by Brian Holmes & Claire Pentecost Municipal statue, city of Finicke, Antalya province, Turkey (all photos CP; published in catalogue of 11th Istanbul Biennial) . An old man with a hearing aid stands with his back to a low wall, juggling a profusion of juicy oranges and bright red tomatoes. One by one he plucks them from the air and sets them down in perfect pyramids, orange and red. [more...]

Date: 2009-09-26 00:07:34

Where has the Bailout Money Gone? Good Billions After Bad

Where has the Bailout Money Gone? Good Billions After Bad Vanity Fair by Donald L. Barlett and James B. Steele As the Bush administration waned, the Treasury shoveled more than a quarter of a trillion dollars in tarp funds into the financial system—without restrictions, accountability, or even common sense. The authors reveal how much of it ended up in the wrong hands, doing the opposite of what was needed. Just inside the entrance to the U.S. [more...]

Date: 2009-09-28 06:17:36

Lenders hold the keys to housing recovery

Christian L. Redfearn is an associate professor of policy, planning and development at USC and a faculty member at the Lusk Center for Real Estate. He is currently involved in both domestic and international research projects, including Swedish housing markets, residential real estate markets in Singapore, and Los Angeles Basin Real Estate Submarket Dynamics. Insider Q&A spoke with Prof. Redfearn recently about which economic factors are keeping the market bottom at bay. [more...]

Date: 2009-09-26 09:00:20

Top Gun FP Client Note: The Crack Based Economy

NOTE: Every week I write a Client Note for my clients.  For a limited time, I am allowing non-clients to sign up and receive the Client Note.  You can sign up at the top right hand corner of the website.  Here is this week’s. ***** Yes, the financial crisis has passed and the economy is growing again, but there’s a good chance that growth will be temporary - the result of one-time events like “Cash for Clunkers”, the tax credit for first-time home buyers and the restocking of inventories [more...]

Date: 2009-09-29 20:08:02

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

OIL’s well, that starts well!

Vitality shows in not only the ability to persist but the ability to start over. The opening moments will be dominated more by Oil India’s listing. The market will be keen to see how the stock behaves after a tepid debut for Adani Power and NHPC. We expect another positive start though Asian stock markets are mixed after overnight losses on Wall Street. [more...]

Date: 2009-09-30 04:01:00

Impending Threat of More Home Foreclosures

Impending Threat of More Home Foreclosures is a post from: 911-Foreclosure.com In 2006, the housing boom in the US began to cool down and increasing foreclosed news is constantly heard from media networks.  Homeowners began to lose their homes or are threatened with foreclosures because they have failed to keep up with the payments on their mortgage. Many of the foreclosed homes are tied to neighborhoods where subprime martgages were widespread.  MS Foreclosure for example. [more...]

Date: 2009-09-28 07:05:20

Danish Mortgage System Rediscovered

Tyler Cowen has written a very positive review of Robert Pozen’s book about our financial crisis, Too Big To Save? How To Fix The U.S. Financial System. He seem to especially like the Danish Mortgage system. Key quotes….. The Danish model has another critical and innovative feature. Holders can retire their own mortgages by purchasing the same face amount of mortgage bonds at the prevailing market price. [more...]

Date: 2009-09-27 16:14:27

Credit Crisis Sequel, Global Bank Bailout, Emerging Markets Still a Buy?, Gas Wars and More!

Ghosts of the fourth quarter haunt global financials… so begins the second act of the credit saga… Even the IMF needs a loan… $150 billion to back ... advice… with S&P 500 price targets… Plus, Russia-Ukraine gas dispute not yet over… a reader ... predicted today. According to Morgan’s report, profits at HSBC will decline “sharply” this year [more...]

Date: 2009-01-16 15:28:24

Preparing for the coming year

I was shocked to see a Labor Party politician on the TV news yesterday say that now we've had our retail therapy over Christmas (his words, not mine) ... who will be effected or how bad it will get.I wrote yesterday that your priorities are to keep your home, feed ... shoes you like went in and out of fashion without you buying them. When it comes down [more...]

Date: 2008-12-30 18:57:00

Tips on Getting the Best Bad Credit Loan

Copyright (c) 2009 Liz Roberts Usually, people with bad credit history will apply for sub-prime loans. Bad credit loans has higher interest rates and fees because people that apply to this kind of loans are seen as high risk borrowers. if you are one of them, what can you do? Can you still get a loan that has a reasonable rate despite of your credit score. Loans for Bad Credit – Choosing the Best Different lending companies offer varying loans especially for the bad credit market. [more...]

Date: 2009-09-26 05:46:14

At what point do we become over-stimulated?

Okay. So first we have a $700 billion bailout for the financial sector, then we have the auto-industry bailout, now the House has approved another " ... the problem. Every politician wants to be able to take credit for bringing us out of this recession ... that something will work. Maybe we need to step back and let bad companies fail. I know it sounds [more...]

Date: 2009-01-17 11:07:00

Bernanke Casts Doubt on Stimulus, Says Fed May Buy Toxic Assets to Loosen Credit

Warning that the timing of an economic recovery is “highly uncertain,” Federal Reserve Chairman Ben S. Bernanke said yesterday (Tuesday) ... about the continuing chokehold banks have put on credit to companies and households than he is about offering ... of the economy where liquidity has dried up for “credit easing”, reported the Guardian. “Credit sprea [more...]

Date: 2009-01-14 14:57:59

Blocking, Tackling & Running: Leveraging a Crisis Into Real Change

There's a fairly well known cartoon of two scientists working out a problem on a chalkboard covered with complex equations and down in the circle is a little circle with the key step inserted in small print - "and then a miracle occurs". Wouldn't it be nice if we could take the same short-cut to fixing the horrendous shopping list of significant [more...]

Date: 2009-01-16 20:07:11

Why would anyone buy a home today?

From MarketWatch: Home buyers advised to look before they leap Fox-Pitt Kelton home-builder analyst Robert Stevenson said Wednesday he thinks this year will turn out to be “a bad time to buy a home” as the U.S. economy loses more jobs ... or no down payment and shaky credit scores are long gone. For buyers, the big fear is purchasing [more...]

Date: 2009-01-07 18:21:09

Bayh Opposed Obama on TARP Release

On President Elect Barack Obama’s first critical thrust of power in Congress coming just five days before his presidency begins, U.S. Sen ... opening up lines of credit for people who have responsibly managed their finances and want ... people access to credit.” U.S. Rep. Mike Pence, who heads the House Republican conference, voted no. “ [more...]

Date: 2009-01-16 15:51:12

Government help for the bank lending: just “get on with it”

Last weekend the Prime Minister announced yet another “anti-recession” plan which included the “creation of up to 100,000 new jobs” ... that households are reining in after the years of credit-fuelled excess. Two key indicators are housing equity ... and car show rooms. The saving ratio collapsed in late 2007 and actually turned negative [more...]

Date: 2009-01-08 21:14:21

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

Obama’s Big Chance

Albeit reluctantly, the Senate gave the go-ahead to release the additional $350 billion in TARP funding contemplated by the original plan ... to breathe life back into this economy.” To his credit, President-elect Obama acknowledged ... at companies receiving funds, provide more loans to small businesses and ensure “taxpayers can see [more...]

Date: 2009-01-16 05:01:00

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

Capitalism: a Love Story

Despite its formulaic quality and despite some very dubious politics, I have no problem recommending Michael Moore’s “Capitalism: a Love Story”. Since there are so few movies (or television shows) that reveal the human side of the largest economic crisis since the 1930s, we must be grateful to Michael Moore for his steadfast dedication to the underdog. [more...]

Date: 2009-09-25 19:28:26

Obama's Big Chance

Albeit reluctantly, the Senate gave the go-ahead to release the additional $350 billion in TARP funding contemplated by the original plan ... to breathe life back into this economy.” To his credit, President-elect Obama acknowledged ... at companies receiving funds, provide more loans to small businesses and ensure “taxpayers can see [more...]

Date: 2009-01-16 04:29:19

Bernanke Hints Banks, Economy In Much Worse Shape Than Previously Admitted

At the Stamp Lecture, London School of Economics, London, England, Bernanke Urges ‘Strong Measures’ to Stabilize BanksFederal Reserve Chairman Ben S ... and that the government may need to buy or guarantee banks’ tainted assets to revive growth.“Fiscal actions ... and the normalization of credit markets.”My Translation: "Banks are in much worse shape than [more...]

Date: 2009-01-13 20:09:00

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 Secrets behind the FICO Score

by Ty Crandall Your credit score is the most important number in your life. How much you pay for car and health insurance, car payments, your rent and mortgage payments, house utilities, and even whether you get hired for a job or not, are ALL based on your credit profile and credit score. This article will help you understand each component of your total credit score. For more details on your credit score you can see this article and more at www.PerfectCreditFast.com. [more...]

Date: 2009-09-28 13:26:56

Bail Me, Stimulate Me

In a week that signaled much worse is coming, perhaps the more dismal indication on the financial front was that Democrats finally had a chance to ... the kind of behavior that got us here: more bad loans to the wrong people won't en our crisis; they make ... . If that sounds bad, it shouldn't; this week's debate on TARP had essentially the same contours [more...]

Date: 2009-01-16 20:24:10

1-17-2009 (Sat Afternoon) Fin. & Econ. Activity

At least 21,000 jobs were targeted for elimination yesterday as employers from Hertz Global Holdings Inc. to Advanced Micro Devices Inc ... -parts division. Hertz, the second-largest U.S. rental-car company, said it will cut more than 4,000 jobs ... by trading losses on mortgage bonds, the bank faces credit-card losses that surged to a record [more...]

Date: 2009-01-17 18:27:49

Unilateralism Spells Cop Out - Olmert/Livni Buckle!

If these two reports below are correct, and I suspect they are reliable, it would be a travesty of justice perpetrated by Olmert, Livni and Barak ... , politicians must do something, be seen as pro-active for fear of being perceived as unresponsive. Bad medicine is bad medicine. (See 2 below.) Even if the two most powerful men in our tax system [more...]

Date: 2009-01-17 03:50:00

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

U.S. Banks Refuse to Detail How They’re Spending Federal Bailout Money

After receiving hundreds of billions of dollars in taxpayer-funded federal bailout money, the biggest U.S ... - instead of lending at home. Some of those buyouts deals are being done in markets as far away as China. Meanwhile, credit remains tight here in the U.S. market, a situation that could be alleviated if only [more...]

Date: 2009-01-06 12:19:23

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