Most Expensive Christmas Ever, Consumer Conundrum, Fixing the Credit Crisis, The New Oil Industry, and More!
by Addison Wiggin & Ian Mathias Forget deflation… study finds this Christmas to be most expensive ever Thus consumer’s pull back… personal ... that actually make “stuff.” Say what? Bill Bonner on the credit crisis “fix” for 2009 Is America ... payments on mortgages, credit cards, and auto loans," says the credit agency Equifax. Thirty [more...]
Date: 2008-12-24 19:23:22
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Local Banks Escape the Worst from Rosa Wright
Local banks escape worst of financial crisis by Joseph SantangeloThe financial industry on the South Shore and Cape Cod largely has avoided the ... report little to no exposure to subprime mortgages, mortgage-backed securities, credit default swaps ... offer credit to small businesses, although loan standards often are tighter and loan volume is down [more...]
Date: 2008-12-30 18:19:00
Economy Shrinks as Consumers Cut Back
Economy Shrinks as Consumers Cut Back By David Leonhardt Updated at 11:30 a.m. The longest American shopping spree on record is over ... in the form of home-equity loans, mortgage refinancings and credit-card loans — to continue spending. But the housing bust, the resulting credit crunch and the deteriorating job market have forced many people [more...]
Date: 2008-10-30 12:51:57
What Determines Your Home Mortgage Loan Qualifications
When underwriters consider your home loan application and credit history, they generally look for 6 basic factors ... asking for. Get an Equifax 3-in-1 Credit Report Now! Liquid assets – Loan processors also want to see ... process. The more borrowers understand about their credit, the better they can maintain (or improve [more...]
Date: 2008-12-30 15:28:20
The Importance of GOOD Credit
by Rob Kosberg We all should know that good credit is a “must have ... to get a loan, a mortgage, credit card depends on a good credit rating. Our “Credit Score” is most ... FREE Guide on Maintaining and Repairing your Credit [more...]
Date: 2009-01-03 12:23:01
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
FICO Fitness Fundamentals
A FICO score is the number that determines the interest rate you pay on credit cards, car loans and mortgages ... credit bureaus: Equifax, Experian and TransUnion. The FICO score is linked to just about every ... in your favor) Don’t apply for any new credit cards Review your credit report periodically to make [more...]
Date: 2008-11-25 16:08:53
A Rare Bank Without Defaults
No Credit… No License… No History? No Problem? Even before our current mortgage meltdown, ... of loans - all to customers who have no credit history, zero credit scores, no drivers license and nothing ... default on a loan. And that’s thousands of customers over a 20-year period. How can this possibly [more...]
Date: 2008-12-19 20:22:33
Get The Best Home Mortgage Loans
by John Bear Planning to refinance your current mortgage? There are actually several options that are available for you ... . Now, it is entirely up to the lender to give loan approval that is based on the credit scores. In simple terms, to have a no doc loan, your credit score should be very high. Now, if you think low document home [more...]
Date: 2009-01-14 21:01:19
Six Steps To Stem The Foreclosure Crisis
On January 7, President-elect Barack Obama declared his intention to address the foreclosure crisis soon after being sworn in ... the foreclosure crisis is expected to worsen. At the end of last year, credit agency TransUnion estimated ... Mortgage, American Home Mortgage Servicing, and Aurora Loan Services (a subsidiary of Lehman Brothers [more...]
Date: 2009-01-16 19:15:34
Ultimate Debt Guide - Get Out of Debt With Debt Consolidation?
by Ash Ford How to get out of debt by not filing for bankruptcy or by signing up to a long-term debt relief plan which has the potential to push you ... and be in over your head with loans, credit cards, car payments, mortgages etc. Finding a way out isn’ ... truth about the credit card game is clear to me now and you’ll learn why numerous people remain [more...]
Date: 2009-01-15 02:47:14
Taking Home Mortgage Loans
by John Bear If you are looking to refinance your current mortgage, there are several options available for you ... and loan amount. The lender will then base loan approval solely on credit scores. In order to obtain ... with little or no documentation but just by looking at a very good credit report, they reason [more...]
Date: 2009-01-02 16:59:45
Financial Forecast for 2009, Considering Resource Limitations
In this post, I consider some major issues contributing to our current financial problems, before making a financial forecast for 2009. These are 1 ... from the bottom: Layer 1. Household Debt (Mortgages, auto loans, credit card debt, student loans [more...]
Date: 2009-01-06 15:10:32
“If you had a Macy’s card and a gas card, you could buy an $800,000 home.”
From MSNBC: Brace for other shoe to drop in mortgage mess, some warn With most of the country still reeling from the subprime mortgage meltdown, ... applied to loans given to people with shaky credit. Alt-A is the next-higher category, typically covering mortgages to borrowers who had better credit but didn’t want to document their incomes or wanted [more...]
Date: 2008-06-18 10:17:06
Paycards
For employees not wishing to receive a check (because of problems of encashment or security), several banks offer payroll ATM cards ... about the mechanics of the program. Companies can require direct deposit as a condition of employment ... s free checking, discounted mortgage or home loans, free credit card programs, or other promotions [more...]
Date: 2008-12-30 07:29:01
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 are forced to use their cash to cover losses rather than make loans, well, how does the [more...]
Date: 2009-01-16 19:01:22
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
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
Help! Poor Black People Are Stealing the Election from Rich White Guys
By Lloyd Hart You may have noticed over the last week the word acorn or to be more exact A.C.O.R.N ... practices in minority neighborhoods - a deliberate practice of banks not providing equal access to credit ... loans from mortgage companies and banks who saw the future and were desperate to get rid [more...]
Date: 2008-10-11 21:55:03
Get Out of Debt Fast With The Ultimate Debt Guide
by Ash Ford The Ultimate Debt Guide is a system that uncovers how you can become debt free without signing up to a long-term debt relief plan or ... into debt and be overwhelmed with credit cards, loans, mortgages, car payments etc. Discovering a way ... . What are you looking for? Is it authoritative information on debt consolidation? debt consolidation [more...]
Date: 2009-01-15 02:49:47
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
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, ... . All of us can get copies of their credit reports from each of the three major reporting companies at no charge ... before the subprime-loan-market collapse and the worldwide credit freeze. Still, mortgages [more...]
Date: 2009-01-15 17:02:23
Home Mortgage Loans Tips
by John Bear If you are looking to refinance your current mortgage, there are several options available for you ... . But in order to obtain this loan, you must have a good credit report. Unfortunately, not all lenders ... to present the mortgage company. But there are also ways for you to obtain a loan with minimal documents [more...]
Date: 2009-01-02 16:49:29
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
Camdenton Mortgage Market Update: Jan 14
In this week’s radio broadcast, Andrew Conner talks about the possible risk of identity theft arising from the sharing of your mortgage and loan ... Credit Reporting Industry; or call 888-567-8688. This is a permitted re-broadcasting of a radio ... activity by the credit bureaus….. and how to opt out. Click here to view the embedded video [more...]
Date: 2009-01-15 01:01:53
usa mortgage rates
I stress when thinking about home, this patient received a second year, as well as state this function is provided to sell our house, ... to the main course as well as the seductiveness price report on how to find low price long head home loan ... go USMortgageRates.Com U.S. mortgage Tarif reports related to the debt loan debt related to credit [more...]
Date: 2008-12-31 16:20:03
Choosing the right lender during a crisis… Interview with CMPS James K Barath
I will admit, I am not an expert on mortgages… Fortunately I *do* know where to find them, ... , I am a branch manager for a mortgage company d/b/a Benchmark Mortgage, which is a licensed Texas Mortgage ... that distinguishes a Certified Mortgage Planner from other loan originators. Are the headlines about the credit [more...]
Date: 2008-12-29 18:31:19
second residential mortgage
If you are still confused about what a second residential mortgage loan is and how you can use it to your advantage, you are literally losing money ... mortgage, check your personal credit report to ensure that your credit score has improved. Lenders ... loans.The other type is a “home equity line of credit” or HELOC. The main difference between the two [more...]
Date: 2009-01-14 10:43:37
What to do if you’ve been turned down for a loan
Turned Down For a Loan? Improve Your Loan-Ability! This article was written by Becky House, Education Manager for American Financial Solutions. For more information about credit scores, budgeting or managing your debt, visit MyFinancialGoals.org or contact Becky at 1.800.894.3946. Two years ago, someone with a 600 (poor) credit score could qualify for a mortgage or car loan. Now, reputable lenders will not even consider lending to someone with a score below 700. [more...]
Date: 2009-09-26 14:37:00
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
What to do if you’ve been turned down for a loan
Turned Down For a Loan? Improve Your Loan-Ability! This article was written by Becky House, Education Manager for American Financial Solutions. For more information about credit scores, budgeting or managing your debt, visit MyFinancialGoals.org or contact Becky at 1.800.894.3946. Two years ago, someone with a 600 (poor) credit score could qualify for a mortgage or car loan. Now, reputable lenders will not even consider lending to someone with a score below 700. [more...]
Date: 2009-09-26 14:37:00
Mortgages In Arizona For Canadian Citizens Still Available
This week, we were asked by a few people whether or not it was still possible for a Canadian citizen to get financing on an investment property in ... 75% Loan-to-Value International credit report required Verification of mortgage history on primary ... bank statements Picture ID (Drivers license, coy of passport) If self employed, last 2 years Canadian [more...]
Date: 2008-10-17 03:46:05
Secondary Sources: Global Economy, Oil, Mortgages, Fed Watch
A roundup of economic news from around the Web. International Economy: The Dallas Fed released an outlook for the international economy, ... to advance estimates released by the Bureau of Economic Analysis, U.S. real GDP growth was 1.9 percent ... recommend the system of mortgage credit used in Denmark, where loan-to-value ratios and underwriting [more...]
Date: 2008-08-12 15:30:00
10 New Year Switch & Save Recommendations
With a severe recession looming, 2009 is predicted to be a tough year for most, ... with a free credit report and 30 day trial of CreditExpert and see what lenders see. Checking your Experian credit report can save you money when applying for a loan, mortgage or credit card. Get £2.50 [more...]
Date: 2009-01-09 17:14:27
Bailout money is never enough to save us
The remaining $350 billion is going to be thrown down the toilet along with the rest of the bailout money! There is no more American government, no checks and balances. Obama would have vetoed Congress ... Reserve. There’s a ton of credit card defaults, Alt A mortgages, and auto loan defaults crashing their way [more...]
Date: 2009-01-16 20:14:09
The Warning Signs Were There
Everyone knew that this was a possibility, but everyone - Democrats and Republicans - went along with the idea, ... those banks to extend home mortgages to individuals whose credit is generally not good enough ... more loans to so-called subprime borrowers. These borrowers whose incomes, credit ratings and savings [more...]
Date: 2008-09-26 12:45:00
Get The Best Home Mortgage Loans
by John Bear If you are looking to refinance your current mortgage, there are several options available for you ... to obtain this loan, you must have a good credit report. Unfortunately, not all lenders are equal ... or no documentation but just by looking at a very good credit report, they reason that an applicant wouldn’ [more...]
Date: 2009-01-04 08:16:22
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
Gonna Bailout Party Like It’s 1999
Well, what’s next with the government bailout that was going to save our bacon? ... , that's 1999 : Fannie Mae Eases Credit to Aid Mortgage Lending. “In a move that could help increase home ... the credit requirements on loans that it will purchase from banks and other lenders. The action, which [more...]
Date: 2008-12-24 11:50:39
Get The Best Home Mortgage Loans
by John Bear Planning to refinance your current mortgage? There are actually several options that are available for you ... number and loan amount. Then the lender will just check your credit scores to see if you are qualified ... regarding their finances, income, and employment. Now, why are people with very high credit scores [more...]
Date: 2008-12-30 12:04:27
Equities play catch up with credit
Good Evening: What started as trouble with subprime mortgage loans almost two years ago has now spread out and infected credits of all sorts, save the U.S. government. Perceptions about the credit-worthiness of Uncle Sam will take time ... credit markets. Whether this adjustment in the relative prices of credit and equity take place [more...]
Date: 2008-11-20 05:30:37
The truth about home down payments...right now
Filed under: Real EstateWith all the talk about the credit crunch and tough housing market, ... to get a mortgage. While it's true that credit score requirements are higher than ever -- somewhere north ... to get an FHA loan with a weaker credit score than you would need for traditional Fannie and Freddie [more...]
Date: 2009-01-02 23:30:00
JPMorgan temporarily stops foreclsures
Are they being nice or just plain practical?JPMorgan Chase the nation's largest bank and one of its biggest mortgage lenders, ... . The global credit crisis, which began with subprime mortgages, increasingly appears to be affecting a wider range of consumer loans and, according to a report published by First American CoreLogic Friday [more...]
Date: 2008-11-02 09:41:00
Australia has nationalised fund raising for Banks ~ Needham
If there is a disconnect, it is in Australia where housing prices have fallen just 5% year on year ... at the different lending regimes which prevail. In Australia and New Zealand, all home mortgage ... of guaranteeing real estate, credit card and auto loan securitization. In other words they have effectively [more...]
Date: 2009-01-16 22:29:09
Arizona Mortgage Rates October 17, 2008
Arizona Mortgage Rates for October 17, 2008 Mortgage Related News This week we ran into more than one person who was interested in what lenders ... include: Must be a second home 400,000 max loan amount 75% Loan-to-Value International credit report ... are able to provide loans for Canadian Nationals. After some local discussion between [more...]
Date: 2008-10-17 16:18:20
Credit Scores and Mortgage Loans: What Is The Minimum FICO Score?
Many people I talk with have had a few issues with their credit in the past. Maybe an unpaid cell phone bill that went to collections, a few lates on a credit card, some have even filed bankruptcy in the past. Usually, if someone is worried about their credit [more...]
Date: 2009-01-02 09:19:18
Eastern Savings Bank
Eastern Savings Bank is not doing well these days according this news report. The Eastern Savings Bank of Hunt Valley, MD was listed as having a Texas ratio of 222.74, meaning ... -A" loans -- mortgages to buyers who had decent credit but provided little or no verification [more...]
Date: 2008-07-16 15:30:00
T3 Leads: Pay Per Lead Affiliate Network
I’ve been keeping an eye on T3 Leads over the past couple of months, as I have seen them reviewed on many other blogs, ... , Credit Repair, Insurance, Mortgage Loans and Renter Insurance. Based on offer type, requested [more...]
Date: 2008-12-31 02:11:05
BofA bailout puts Merrill defections in context
Bank of America Corp ... the fray and mostly unscathed by the mortgage meltdown and subsequent credit crisis, having not traded too heavily in toxic mortgage debt and leverage loans. However, by taking on Merrill, which [more...]
Date: 2009-01-16 19:07:07
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