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 ... package. Why refinance (if you have equity) or pay the guy who wrote your original mortgage to take [more...]

Date: 2008-12-03 22:29:29

Blog posts (30) | Videos (56)
 

Bad Credit Doesn’t Have To Mean No Loan Help

Everyone faces unavoidable financial problems at some time and find that they are in an impossible situation and unable to meet their obligations ... rate for a home mortgage loan will depend upon your credit rating. If the credit score is 600 ... , but that is not necessarily true. There are two types of bad credit personal loans, secured and unsecured. [more...]

Date: 2009-01-16 09:36:37

Fox News Goes After Jim Cramer

Fox Business Network just put out an ad going after the track record of Jim Cramer ... 3 years to hit bottom, and that was with no government intervention. Besides the credit crisis, lack of credit, and mortgage meltdown caused by bad loans given to those that couldn’t afford those [more...]

Date: 2008-10-10 18:47:10

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

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 ... in mortgages to low-credit customers. In other words, community organizers help to undermine [more...]

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

Improve Your Credit Score - Determine Your Creditworthiness

Sure, the economy may be flailing, but learning to preserve and maintain your creditworthiness and improve your credit score is still extremely important. If you’ve spent any time watching or reading the news, you’re aware that bad mortgages obtained with faulty credit lending practices and other flawed methods have sent the economy into a ... [more...]

Date: 2008-11-22 19:00:48

More Trouble Ahead

by hilzoy From the Washington Post: "Consumers are increasingly unable to pay off their credit cards, ... credit, the latest downturn to whack Americans after the housing slump and mortgage meltdown ... a spike in credit card loans going bad, putting further pressure on already-stressed balance sheets [more...]

Date: 2008-10-22 02:21:35

Commonsense Regulatory Ideas Ignored Prior to Mortgage Meltdown

What continues to bother me about the financial crisis is that so many people saw the warning signs and yet so many others refused to pay attention to the risks. A new AP report reveals the extent to which the Bush administration ... 2006: Regulators told bankers exotic mortgages were often inappropriate for buyers with bad credit [more...]

Date: 2008-12-01 14:25:05

Man Feels Opportunities Credit Union Screwed Him Over For $125 []

This will come as a serious blow to a number of our commenters, but we have a bad story about a credit union. Gasp, shock, horror, it's true. Opportunities Credit Union of Vermont, where reader Rick has his mortgage, told Rick ... Credit Union accessed the bill. Whoopsies. Here's Rick's letter to the Credit Union president, asking [more...]

Date: 2008-09-12 20:47:02

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

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

Credit Scores: How Important Are They?

3 years ago, it was possible to get a mortgage even if you had "bad credit". Today, it is very, very difficult to get a mortgage unless you have at least a "good" and sometimes a "great" credit score. 7 Vote(s) [more...]

Date: 2009-09-30 18:49:52

'Islamic Finance' Spreads to U.S. Heartland

DETROIT: Big financial institutions have been battered by mortgages gone bad ... , credit default swaps and the like. "When you look at the economic crisis we're in, if you were to follow [more...]

Date: 2009-01-15 13:23:00

The Big Bank Job: The Insanity of the $700 Billion Giveaway by Michael Hudson

Dandelion Salad Sent to me by Jason Miller from Thomas Paine’s Corner. Thanks, Jason ... will get rid of their bad mortgages, and also their bad car loans, furniture time payments, credit-card loans [more...]

Date: 2008-09-28 10:05:07

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. An alphabet soup family of difference is used: FHA, HUD, VA, and some-more can report a loan ... from a lender to a FHA. If we have bad credit, no credit, or simply not sufficient income to put [more...]

Date: 2009-01-14 13:31:28

USA: Finance the Islamic way at Michigan bank

DETROIT (AP) — Big financial institutions have been battered by mortgages gone bad ... also rules out some of the activity that got Western finance in trouble — subprime mortgages, credit [more...]

Date: 2009-01-14 17:04:00

How To Buy A House

There has been a lot written about the mechanics of how to buy a house ... changes are reflected in your credit score, you may be able to apply again and get a mortgage loan ... . But what if you can’t get preapproved? What if you have little income, bad credit or other serious problems [more...]

Date: 2009-01-13 02:01:00

New Research: Fallout from Reckless Lending Continues as Foreclosures Outpace Efforts to Modify Home Loans

The subprime market for home loans has dried up for now, ... on a recent analysis by Credit Suisse, one in six families now holding a mortgage is at risk of losing ... but the bad subprime loans made at the height of the mortgage bubble continue to damage [more...]

Date: 2009-01-10 19:38:09

How To Refinance Commercial Mortgages

Commercial mortgages are often taken by people when they need money in order to invest in some commercial venture ... to repay their outstanding loans, and thus be able to maintain a good credit. While giving serious ... for refinancing. Although commercial lenders do not prefer providing refinancing to people who have bad credit [more...]

Date: 2008-12-15 19:04:37

Credit Crunch Effects to be Felt for Years: BlackRock’s Fink

While the majority of the financial crisis tied to bad mortgages and esoteric debt structures may be waning, ... to a report published by Reuters on Wednesday. “The worst of the financial market crisis is behind ... with the turmoil have quarters to go, maybe years to go, because of the contraction of credit, the bloated [more...]

Date: 2008-06-13 13:01:03

Mortgage loans available

Last few weeks ago, I was really concerned about our economy ... monthly payments and to build up that credit score so you do not run into these problems in the future ... With experts that can help you refinance with bad credit and keep you in your dream home, you would [more...]

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

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 [more...]

Date: 2009-01-17 00:07:33

Mortgage Rates: Crude and Unemployed

Today’s Job’s Reports revealed the highest unemployment in twenty years ... below is based on owner occupied with a minimum credit score of 720, “full doc” purchase with a sales ... .   Bad news with the Jobs Report is what’s keeping mortgage rates from teetering significantly [more...]

Date: 2008-06-06 19:11:41

Fourth-Quarter Earnings: How Bad? - Investors are expecting something abysmal. Could earnings that are merely bad spark a rally?

We have been in an overly optimistic mode since Obama was elected, and this has been global ... economy, the financial sector. We have yet to hear from commercial mortgages and credit card defaults [more...]

Date: 2009-01-06 15:58:53

Taking Home Mortgage Loans

by John Bear Planning to refinance your current mortgage? There are actually several options that are available for you ... loan approval solely on credit scores. In order to obtain a no doc loan, you must have a very high ... at a very good credit report, they reason that an applicant wouldn’t just do anything bad to tarnish [more...]

Date: 2008-12-31 15:42:48

Good News For Buyers Is Always Bad News For Sellers

The Desplains Times reports from Illinois. “Last month Dan decided to stop paying his mortgage. It was hard for him ... keep dropping,’ he said. ‘They go down by about $5,000 every month.’” “Dan’s credit score has been reduced from 750 before he purchased his townhouse to about 600 now, but he’s philosophic [more...]

Date: 2008-06-12 14:48:03

Rates for Friday Afternoon

Mortgage rates are much improved since what I posted last week.  Wednesday and Thursday were rough on the markets as traders braced (and rightly so) for a stinky Jobs Report.  Bad news typically (but not always these days) equals lower rates ... quote below is based on owner occupied with a mid-low credit score of 720-739, “full doc” purchase [more...]

Date: 2008-11-07 21:38:07

Mortgage Refinance With Bad Credit Options: Reveal All The Hottest Tips Here!

by Asem Eltaher Among the top ten hot topics of 2008-2009 is the relief for homeowner’s high mortgage payments. Foreclosures at an all-time high and many are getting further behind each month creating a large market for mortgage refinance with bad credit. The Mortgage Banker’s Association states the newest information on foreclosures shows the decline is still pacing downward. The percentage of homeowners facing default can rise higher by 2011, if relief is not available. [more...]

Date: 2009-10-01 09:00:20

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