PEBO Wants AEI Libertarian Opposed to Product Bans Deciding OMB’s Health and Enviro Rules

What does the Office of Management and Budget have to do with our health and our environment? ... can write him checks? In a free market, everything's for sale. Right, Cass? For a long time ... about the mortgage crisis, credit card reform, savings for retirement, prescription drugs, health care [more...]

Date: 2009-01-11 02:00:20

Blog posts (409) | Videos (81)
 

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

The auto bailout saga has just begun

1. Congress bails out Detroit to the tune of $17.4 billion.And "of course", if GM gets a loan, GMAC should access Federal funds via the U.S. commercial banking system. From Bloomberg:GMAC will transfer at least 25 percent of the mortgage ... event” in ResCap credit-default swaps, GMAC said. A succession event could erode the value of those [more...]

Date: 2008-12-27 13:51:00

Asian-Pacific stocks rise on South Korea financial rescue package

Asia-Pacific stocks soared Monday after South Korea announced a package of more than $130 billion to stabilize the country's financial sector ... Bureau of Statistics said the country's growth rate slowed to 9 per cent in the third quarter ... mortgage crisis led to a credit crunch, caused financial institutions to collapse and spread around [more...]

Date: 2008-10-21 04:50:33

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

My Fantasy Testimony

This weekend I typed up "draft testimony" on what caused the mortgage/financial crisis. Like anyone wants to hear it ... , depository institutions handled mortgage credit risk very differently than they do today. Back [more...]

Date: 2008-10-06 22:46:46

Gone but not forgotten

By Charlottesvillain at 12/01/2008 09:08:00 AM Readers of the excellent Calculated Risk blog will be saddened to learn that co-blogger Tanta ... Understanding the Securitization of Subprime Mortgage Credit.” Calculated Risk has posted as well here, where ... has passed. From the New York Times: The blogger Tanta, an influential voice on the mortgage [more...]

Date: 2008-12-01 14:19:17

PMI Expects ‘09 Sales to Break Even with ‘08

While national homes sales are expected to rise 10% year-over-year basis during the Q409, the sharp drop in sales experienced earlier in 2009 will keep yearly sales on par with ‘08 levels, according to projections from residential mortgage insurance and credit enhancement product provider The PMI Group (PMI: 4.37 -1.58%). The report projects the continued oversupply [more...]

Date: 2009-09-18 20:24:14

JPMorgan profit drops 76 percent

JPMorgan Chase & Co. said that its profit fell 76 percent as rising defaults. The company said in a statement that the year-old U.S ... More consumers are paying late on their credit cards and mortgages, forcing banks to increase reserves ... , a year earlier, the New York-based bank said. JPMorgan’s investment-banking division lost $2.36 [more...]

Date: 2009-01-15 14:23:57

FHA Streamlined Refinance - Lower your Rate and Payments Without Credit Qualifying or a New Appraisal

With rates near an all time low, refinancing has become a big thing again ... refinance: No credit qualifying. This is not credit score based and it is not even necessary to pull a full credit report. Your mortgage does need to be up to date, and current and we will look [more...]

Date: 2008-12-30 16:30:24

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

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

Latest News in Refinancing Home Mortgages - Dec 04, 2008

Mortgage applications up 112.1% last week, due to drop in rates: ... economy and troubled credit markets. Mortgage applications were up 112 percent during the week ... one proposal, Treasury would seek to lower the rate on a 30-year … Mortgage Lenders Report Rise In Number [more...]

Date: 2008-12-04 14:07:14

The deregulation and free markets myth

Walter E. Williams destroys the liberal's claim that deregulation and free markets caused the financial meltdown: News media people, ... Times article, "Fannie Mae Eases Credit To Aid Mortgage Lending" (Sept. 30, 1999), reported, "Fannie ... Report (November/December 2008). The Federal Register, which lists new regulations, annually [more...]

Date: 2009-01-15 13:28:18

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

Bank stocks rally despite projections of fresh losses

Financial stocks have rallied the last four days, but not because their earnings are getting any better ... of the mortgage assets clogging their books. The credit raters downgraded a record $745 billion ... in a report issued today. The six companies -- Bank of America Corp., Citigroup Inc., Goldman Sachs [more...]

Date: 2008-11-26 23:26:46

Princess Caroline Declines To Reveal Info About Personal Finances

The Caroline Kennedy for Senate story gets more and more interesting ... . Kennedy would have to file a 10-part, publicly available report disclosing her financial assets, credit card debts, mortgages, book deals and the sources of any payments greater than $5,000 [more...]

Date: 2008-12-23 15:38:33

White House Philosophy Stoked Mortgage Bonfire

White House Philosophy Stoked Mortgage Bonfire, Dec 21, 2008 By JO BECKER , SHERYL GAY STOLBERG and STEPHEN LABATON ... terrifying news: The credit markets, gripped by panic, had frozen overnight, and banks were refusing ... of culprits, like lenders who peddled easy credit, consumers who took on mortgages they could not afford [more...]

Date: 2008-12-26 20:43:30

Home Sales and Prices Drop in October

From Bloomberg: U.S. Economy: Home Sales Fall, Record Drop in Prices Home resales in the U.S ... by the credit squeeze and record mortgage foreclosures. That may raise pressure on President-elect Barack ... forecast, a National Association of Realtors report showed in Washington. The median price fell 11.3 [more...]

Date: 2008-11-24 21:53:39

The Gurus by digby Newsweek's Michael Hirsh says that although there are many people responsible for out current economic meltdown, ... " for market conditions, for ushering in an era of easy credit that accelerated the mortgage mania [more...]

Date: 2008-09-17 20:26:40

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

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

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

Lawyers Rule at SMMUSD

By Debra Shepherd Our family has been a part of the Santa Monica- Malibu Unified School District for seven years ... that are just itching to max out their credit cards or  mortgage their homes just to prove a point to  SMMUSD [more...]

Date: 2009-01-17 02:41:46

Secondary Sources: Jobs and Recession, CPI Defense, Britain

A roundup of economic news from around the Web. Jobs and Recession: Ahead of today’s jobs report, ... , we get a recession 100% of the time.” CPI Defense: The Bureau of Labor Statistics has issued ... to the days of plucking credit cards and mortgages off trees. Sterling was overvalued [more...]

Date: 2008-09-05 16:23:00

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

Morgage Bond Purchases Start Strong

By PRABHA NATARAJAN and BRIAN BLACKSTONEThe Federal Reserve bought $10 ... report. Borrowing through the Fed's discount window by commercial banks, known as primary credit ... .213 billion of mortgage securities backed by Fannie Mae, Freddie Mac, and Ginnie Mae in the first [more...]

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

Top Solar Stocks

Editor's Note: This article originally ran in Energy & Capital, but given the relevance of the topic and the current volatility of the market, ... deregulation and greed that led to a mortgage mess, kicking off a credit crisis that has led [more...]

Date: 2008-11-18 18:15:35

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

MortgageNewsClips: CA Foreclosure Predicts, FDIC- Show Me the Money, John Burns, Kohn Speech, Finger Length and Testerone, Contra Trend, Jody Shenn, Toro Chart Series, Bottom is Near, 3.5 is Possible, Positive Traction, 3 more, IRA Has 4

   clear explanation and good charts - Mr. Mortgage: Dec CA Foreclosure Report - Defaults up 100% - December CA Mortgage Defaults Up 100 ...     yahoo-news 1.  Study Cites Early Testosterone Exposure -  In addition to subprime mortgages, credit [more...]

Date: 2009-01-15 00:56:39

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

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

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

Economists React: Foreclosures Drives Home Resales

Economists and others weigh in on the larger-than-expected increase in existing-home sales amid another price decline ... , given the seizing up of credit markets and the recent increase in the 30 year fixed mortgage rate ... and, therefore, are unlikely to reflect the credit turmoil in September. Second, sales are coming at much [more...]

Date: 2008-10-24 16:11:18

Foreclosures Skyrocketed in 2008

Foreclosures Skyrocketed in 2008 US home foreclosures rose an astonishing 81% in 2008. Not surprising given the fact that the credit crunch and mortgage crash were the two main ... , chief executive officer of RealtyTrac, said in the report. Foreclosure activity did slow [more...]

Date: 2009-01-15 14:02:20

Things I’d Like to Post About Today ….. (120108)

….. But I Don’t Have Any Time For: Coward of the Day Report — “Gunbattles and airstrikes by NATO and Afghan troops killed 53 militants in ... .. the regulation destroyed credit standards across the mortgage industry, created the subprime market [more...]

Date: 2008-12-01 10:55:26

Nightly (Value) Investment Links #51

As Always Click on Titles To Access The Article Newspapers & Direct Sources: 1. A Time For Contrarian Investors - Via Financial Post 2. Credit Suisse Pays Top Execs With Illiquid Mortgage Securities - Via Clusterstock ... Telegraph.Co.Uk 6. World’s Larget Hedgefund Of Madoff Is A Fraud: The Original Report - Via Rational Angle [more...]

Date: 2008-12-19 22:10:26

Selecting From These Monthly Magnificent 7 For Round 2.

Pipe in if you want. LarThese are the final monthly nominees to compete to go on to round two ... For A Mortgage When One Spouse Has A Low Credit Score  By Searchlight Crusade: here are several ... must qualify, credit score-wise. The way around this is a quitclaim to the spouse who has a good [more...]

Date: 2009-01-15 10:19:45

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

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

Ten steps to take before buying a home

I found this entry from back in March, 2005. It’s useful information, especially now as we enter the fall market ... more down at losing, depending on the type of mortgage you end up getting.) 5. Get your credit in order. Obtain a copy of your credit report. (Definitely do this - do it online if you want it done, fast [more...]

Date: 2008-08-26 19:00:25

Pay Option ARMs - The Implosion Is Still Coming Despite Low Rates

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: 2008-12-24 14:00:38

The Next Batman 3 Villain

The Next Batman 3 Villain Add comments Top Rising Stories Tough Weather At British Open Sends Golf Scores Soaring ... to check it out. Get the full story... Credit Lines FREEZE, But Not For Reverse Mortgages Frozen ... Gusting winds of 30mph and heavy rain sent the average score on the first morning [more...]

Date: 2008-07-18 12:42:13

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

Friday’s Rates on Thursday

Huh?  Since tomorrow is Independence Day, the bond markets will be closed…so I thought I would provide you with mortgage rates on today ... with a minimum credit score of 720, “full doc” purchase with a sales price of $500,000 and a loan ... .   We also had the Jobs Report released today which reported a loss of 62,000 jobs [more...]

Date: 2008-07-03 18:00:27

Great Recession Roundup — January 13, 2009

Items of Interest:Chairman Ben S. Bernanke / federalreserve ... institutions and shook investor confidence in credit markets. However, although the subprime ... larger and more encompassing credit boom whose impact transcended the mortgage market to affect many [more...]

Date: 2009-01-14 04:51:00

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

Does Print Need a Bailout?

As certain industries are feeling a financial pinch, namely, the mortgage and credit industries including banks; automotive; and retail; the trickle down effect is felt in the advertising mediums [more...]

Date: 2008-12-15 16:59:00

Scrooge's Economic View of Christmas

We all know how easy it is to get caught up in the Christmas spirit and gift-giving frenzy ... their credit card debt, pay their mortgage, or simply cover the bills. But people's general preference for cash [more...]

Date: 2009-01-16 20:50:16

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