Has Deleveraging Even Begun? (Not For the Fainthearted)

It no doubt seems absurd to question the idea that deleveraging in underway ... . Leveraged buyout loans have been scarce to non-existent. Banks have cut home equity credit lines and credit card borrowing limits. Commercial and industrial loans have fallen. The private mortgage [more...]

Date: 2008-07-28 07:37:19

Blog posts (142) | Videos (174)
 

Self-Employed Still Getting Denied Home Loans, Despite Easing Market

Entrepreneurs_Home_Mortgage_Woes Entrepreneurs are used to dealing with problems people with steady paychecks often don’t have to worry about ... t get a $500,000 loan for a home in San Francisco, despite having a stellar credit score of 800 ... . Here’s yet another one: getting a home loan. The mortgage-lending crisis that’s frozen so many [more...]

Date: 2008-12-02 14:00:28

Save Thousands By Negotiating Your Loan Rate With Your Mortgage Lender

My wife and I have recently applied and been pre-approved for our first mortgage.  We are moving to a new state this winter ... , application fee, and credit report costs, but these costs are separately listed in most closing cost ... and actually flourished during the current credit crisis and subprime mortgage mess.  We were offered [more...]

Date: 2008-11-20 13:45:27

ACORN, Obama, and the BANKING MELTDOWN

The origins of the Banking Mess can be found in the Community Reinvestment Act ... intimidate banks into making high-risk loans to customers with poor credit. In the name ... of millions of dollars in mortgages to low-credit customers. In other words, community organizers help [more...]

Date: 2008-09-29 11:01:37

The New TARP, Stocks Cheap Enough Yet? Escaping the Global Recession, The Dububble, and More!

by Addison Wiggin & Ian Mathias Paulson reworks financial bailout: New targets for investment… even you can apply! ... for student, auto and mortgage loans… even credit card relief. But… what about the ambiguously [more...]

Date: 2008-11-13 19:02:15

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

Interview with Jillayne Schlicke - Part 1: LO’s Are You Ready for 2009?

I recently contacted Jillayne to see if she would be open to an “interview” geared to Loan Originators who plan to sticking around beyond the end ... series with the next post addressing the SAFE Act (national licensing). My questions to Jillayne ... such as mortgage broker LOs and CLA correspondent lenders, credit union and consumer loan  LOs [more...]

Date: 2008-11-05 20:31:30

Would Better Disclosure Have Helped WaMu Shareholders?

According to a September 25, 2008 press release from the U.S. Securities and Exchange Commission ( ... largest savings and loan through the fallout of the mortgage and credit crises." The 2007 Annual Report on Form 10-K/A for Washington Mutual, Inc [more...]

Date: 2008-09-26 06:22:29

Consolidate credit card debt with debt consolidation - Loan Modification not the answer

Amazon.de Widgets Consolidate credit card debt with debt consolidationThe move by the FTC comes as federal and state officials plan to expand a crackdown on mortgage-related scams to other schemes that prey on debt-ridden consumers.. Try Credit card debt consolidationCan’t Pay Your Bills? You’re not alone. Today, millions of Americans are having difficulty paying their debts. Most of those in financial distress are middle-income families with jobs who want to pay off what they owe. [more...]

Date: 2009-09-23 18:54:41

Rise in Overdue Mortgage Payments

In the first three months of this year more than a fifth of homebuyers in the UK, who have a chequered credit history, have fallen behind on their mortgage payments and even those with top-quality ratings have seen a statistically significant rise in delinquencies. New research from Standard & Poor’s is based on the behaviour of homebuyers, whose loans have been packed in to mortgage-backed-securities, accounting for 80 percent of the £43bn sub-prime mortgage market. [more...]

Date: 2009-09-25 03:11:53

Mortgage Rates

Mortgage rates are slightly improved from last Friday’s rates by about 0 ... %)   0.125% to rate FHA.  Pricing based on credit score of 620 or better and loan amounts ... entice you to buy? Conforming Mortgage Rates (loan amounts up to $417,000 for 1-unit properties [more...]

Date: 2008-12-19 18:21:45

A-Z real estate vocabulary for home buyers and sellers

Nothing is more fundamental to buying or selling your home than understanding the language that realtors, lenders and others in the industry use ... , origination fee, hazard and mortgage insurance, credit report and appraisal fee. Debt-to-Income ... inspection. Annual Percentage Rate (APR) - The cost of credit expressed as a yearly rate. Bridge Loan [more...]

Date: 2008-12-02 21:05:42

The New TARP, Stocks Cheap Enough Yet? Escaping the Global Recession, The Dububble, and More!

Paulson reworks financial bailout: New targets for investment… even you can apply! ... , auto and mortgage loans… even credit card relief. But… what about the ambiguously named “troubled [more...]

Date: 2008-11-14 08:47:45

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

Loan Guru Answer Questions

Some text:: Debt consolidation, jacksonville, florida, northeast, mortgage, refinance. Debt Consolidation - Number One Reason For Getting A Loan ... look like private businesses and I did not see. USA Credit Recovery is an international business ... form pragmatic debt solution the. Consolidate Credit Card Small Business Loan Debt Payment. Debt [more...]

Date: 2008-10-06 17:44:56

Citigroup Posts $2.8 Billion Loss in Q3: Report

(Update 1: reflects mortgage data from Citi’s earnings statement) Loan origination for residential real estate is down, mortgage delinquency is up and net credit losses are way up, according to Citigroup Inc.’s (C: 15.90 -2.03%) third quarter earnings statement [more...]

Date: 2008-10-16 15:21:55

Home loan

by Tom Martens Before starting the homeownership or monthly mortgage installment ; ... to the prime rate set by the Fed. When determining this rate, your credit history and credit score are major ... online home loan calculators on financial or property websites to start working out what your payment [more...]

Date: 2009-01-16 14:42:11

Re-default nation

The big question looming over the push to rewrite the home loans of people struggling to make payments is whether or not such mortgage ... % of all first mortgages in the U.S. Dugan called the results, part of his agency's new Mortgage Metrics report ... consumers replaced lower mortgage payments with increased credit card debt?  Is it because the [more...]

Date: 2008-12-08 17:35:26

Home loans

by Tom Martens For the vast majority of us, homeownership means a monthly mortgage installment ... this rate, your credit history and credit score are major factors in whether your bank considers ... the best option for you. Administration fees payable every month differs with each loan, so check [more...]

Date: 2009-01-16 14:53:39

Rain City Mortgage Rates

Just a reminder that next Thursday is Thanksgiving and banks will be closed.  Our office will be closed until Monday, December 1, 2008 ... with a mid-low credit score of 720-739, “full doc” purchase with a sales price of $500,000 and a loan ... a mortgage with loan amounts of $417,001-$567,500 by the end of the year, please check [more...]

Date: 2008-11-21 22:37:18

Jumbo Prime ‘Walk Away’ Loans - More Downgrades Coming

Mr Mortgage is a 20-year mortgage banking veteran, specializing in wholesale and correspondent sales and sales/operations management and bringing ... housing, mortgage and credit meltdown’ and company-specific events. He owns and is the primary [more...]

Date: 2008-12-10 16:51:11

Citi’s loss, Fannie’s PERS, Is the Fed the only one buying mortgages? Bond market closing early, Extending locks?

Toyota is developing a miniature, environmentally friendly car that is powered entirely by a rechargeable battery ... in fee, 15 days .35 in fee, and 30 days .60 in fee. For anyone interested in the news, check ... , as the credit crisis eroded mortgage-bond prices and customers missed more loan payments. And in other [more...]

Date: 2009-01-16 14:09:48

Ask the Industry Insiders: Dan Klusman of RightTimetoBuy.org

For the first interview in our “ask the industry insiders” series, we turn to Dan Klusman, ... is the limited supply of credit and home loans. A thaw in the mortgage market would help, whereas additional [more...]

Date: 2008-11-14 18:55:36

Tuesday morning links

TOP STORIES Cost of crash: $2,800,000,000,000 - Guardian August Home Prices in 20 U.S. Cities Fall 16 ... below $2 a gallon - USA Today HOUSING Good credit? Home loans no longer a sure thing - USA Today ... Mortgage Delinquencies Building, Again - Housing Wire FED/TREASURY/BANKING Libor Falls as Central-Bank [more...]

Date: 2008-10-28 13:23:00

Mortgage Market 101

With mortgage loans, as with any other complex subject, it’s a good idea to understand the basics, including the terminology ... in our current credit crisis. So, with over 20 years in the business and my own firm, I guess I’ [more...]

Date: 2008-10-01 13:20:10

Get a new home with bkr loan, 201029 euro in less than a week

And of course, each loan and each borrower are different ... , to appraisal and credit-report fees, among others. Brokers work with many mortgage bankers and, as a result ... . A mortgage is the pledging of a property to a lender as a security for a mortgage loan [more...]

Date: 2009-01-11 18:32:15

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

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

Home loan

by Tom Martens Before starting the homeownership or monthly mortgage installment ; ... online home loan calculators on financial or property websites to start working ... your credit history, the better rate youll be offered. If youve done business with a certain bank [more...]

Date: 2009-01-16 14:44:26

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

Can homebuyers still get liar loans?

Randy Johnson, president of Independence Mortgage Co ... and they have to like your credit scores, but agree with them ahead of time that you are not going ... professional, graduate degree, self employed for over 25 years. My credit score is over 800. I currently [more...]

Date: 2009-01-16 11:00:49

Debt Rattle, August 12 2008: A bursting leveraged speculating community bubble

National Photo Company Old Dutch Market 1920. The chain ("The Market of Cleanliness") ... , the tendency and direction in the financial world is one of an increasing tightening of credit. No matter ... have no more credit to lend out, not for individuals looking for a home mortgage, a student loan [more...]

Date: 2008-08-12 20:43:34

Deja Vu All Over Again

Didn’t we see this kind of news flow and trading before? ... . So, it may be premature to think that selling is over. Commercial mortgage paper spreads ... In terms of our sector, we expect consumer loans and credit cards to continue to get worse.” Check [more...]

Date: 2009-01-14 23:57:46

Does The Most Common Refinance Problem Have A Solution?

What is the problem? It’s the shrinking value of your little bungalow ... . They have a 6.25% mortgage rate. They still have good credit, the same employment, and want to lower ... on your mortgage payment is a good thing. Check with us or a trusted loan officer to determine [more...]

Date: 2009-01-06 15:57:19

The US Housing Crisis, Economy and Stock Market

Hum Nath PantaREAE 5311, Blog Introduction Current economic crisis in the United States of America is a by-product of sub-prime mortgage crisis in the US which has spread around the world. Sub-prime loan is a loan provided to borrowers who have low credit ratings and other factors that suggest a chance of defaulting on debt payment. Sub [more...]

Date: 2008-11-10 22:59:00

Broker/Owner Steve Keefe Conducts "Short Sale" Training

Steven Keefe, Broker/Owner  Coldwell Banker Sky Ridge Realty   Arrowhead Home Loans, Inc. www.mountainmoves ... ramifications, but in my opinion, I would rather have a settled mortgage on my credit report than ... have a clue how to do it.  This can be a dangerous proposition for the parties involved [more...]

Date: 2009-01-16 22:53:41

N.J. man learns modifying mortgage to cut payments may impair credit rating

by Moe Bedard on September 29, 2009 · 0 commentsin American Nightmare To confuse consumers even more, not all lenders follow the guidelines.That may change on November 1, when lenders can use a new code to report them as a “loan modification under government program.” The code will clarify which borrowers have taken modifications, but because the modification process itself is not streamlined, it won’t be the only worm squiggling out of the can.The bigger impact on credit scores may depend on how [more...]

Date: 2009-09-29 13:48:05

Back in Action

Okay, the holiday’s are over, and it is time to get back to work ... to the loan amount (”LTV” or Loan-to-value in mortgagespeak), credit score, points paid, and how long ... back in November the Fed has started to purchase mortgage backed securities in an attempt force [more...]

Date: 2009-01-06 21:58:39

Foreclosure

A mortgage is a contract loan a person takes out to purchase their home, and is one of the most significant trade lines on a credit report ... is reported incorrectly on your credit report it would be best to dispute it to have it removed ... ? If there is any information on your credit report that is inaccurate or incorrect, you can dispute [more...]

Date: 2008-12-16 04:30:23

Buying A Home After Filing Bankruptcy

Buying a house after filing bankruptcy is a real possibility after a year ... be good enough to qualify for a conventional loan. It is also a good idea to check your credit report before applying for a mortgage. You can get an annual free report from any of the three reporting [more...]

Date: 2008-11-23 21:15:25

Get a new house with bkr loans, 474007 euro in one day

Start with credibility. It’s not easy to know if the prices quoted by lenders are reliable. And of course, each loan and each borrower are different ... in processing the loan, to appraisal and credit-report fees, among others. It is a transfer ... , compare the fees at each mortgage company you’re considering. So how do you find a lender [more...]

Date: 2009-01-15 21:15:03

Things you may want to know before submitting a package

What is happening today in mortgage lending:As of Jan 24th Du will be updated. The up date will now show the correct county limits ... will not get an ineligible just because the loan amount is exceeded. Non Traditional Credit will now require that the credit bureau provide Names and address of the trade line being verified. As of Jan [more...]

Date: 2009-01-16 15:20:00

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 force banks into making high-risk loans to low-credit customers is still active. None ... , was worried that charges of discrimination had become an excuse for lowering credit standards. She warned [more...]

Date: 2008-10-14 12:37:34

Home Mortgage Loan: 5 Elements To Take Into Consideration Before Buying A House

While purchasing a house is an exciting effort in a lifetime, it is certainly not something you want to rush into ... of your credit report several months before you start shopping for a house so you know what to expect ... of your annual salary. But even then, it is best to find a calculator online to help you figure [more...]

Date: 2009-01-05 13:01:40

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

Deciding You Don't Want A Particular Mortgage Loan

I have questions to ask you about the loan for house ... three days of the date she ran your credit report, not to mention the Truth In Lending Advisory [more...]

Date: 2009-01-06 14:49:52

FHA Streamline Refinance: Some Changes Effective January 1, 2009

This site is primarily focused on providing information for originators of FHA loans, ... unless the house has lead paint. FHA does not require a credit report, but some lenders may require ... history for the last 12 months (or the length of time the mortgage has been held). HUD’s Credit Alert [more...]

Date: 2008-12-15 17:40:38

Home Mortgage Loan: 5 Elements To Know Prior To Purchasing A House

While buying a home is an exciting effort in life, it is certainly not something you want to rush into ... so that you will be accepted. You will want to have copies of your credit report several months before you begin shopping ... Wikipedia 1. Clean your credit record Paying an amount big enough to buy a house is something [more...]

Date: 2009-01-03 02:15:41

Refi Problems

While mortgage rates may be a historic lows the screening that lenders are doing are stricter than ever ... rates, you'll need a FICO credit score of 720 or higher, says Cameron Findlay, chief economist ... it's not worth the trouble. ...If you have a home equity loan or line of credit, you'll probably need [more...]

Date: 2009-01-16 13:13:00

10 Extraordinary Tales of Extraordinary Twins

The world has always had a curiosity of the unique bond that is linked with of twins ... , mortgaged their land, spent their life savings and took out a credit card loan. Mrs. Panwar gave birth [more...]

Date: 2008-09-10 05:23:04

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