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

Blog posts (18) | Videos (14)
 

It is soooo coold.. brr. Post Roundup

YEAH! Its melting Creative Commons License photo credit: *Micky The past few days have been extremely cold here in Minnesota, ... With Good Ones Time To Chck Your Annual Credit Report! Problems with Gift Receipts? Debt? What Debt? Mortgage Refinance Rates Continue to Fall The New Frugal Forum @ frugalhacks.com Free Advice [more...]

Date: 2009-01-14 16:21:15

Sleeping With the Enemy: The Retirement of Special Agent Bill Kowalski

By Debbie Schlussel This past Friday, the FBI celebrated its 100th birthday. As I noted then, it's not cause for celebration ... officials why her husband was in jail because of "credit card problems." She said he was arrested after ... --both Elahi congregants--were later indicted for credit card, bank, and mortgage fraud in a scheme [more...]

Date: 2008-07-30 18:37:13

Subprime Predatory Lending: How to Protect Consumers without Harming the Market?

Par Anibal Zarate, Doctorant à l'Université Panthéon-Assas Paris II, Promotion 2004-2005 ... regulators until recent problems erupted in the subprime mortgage sector3 (i.e., deterioration in credit ... proportionate risk-based credit pricing and blatant fraud5. Although difficult to define, predatory [more...]

Date: 2008-05-05 16:25:00

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

Barriers and Problems Refinancing a Home Mortgage in 2009

My quest to refinance my home mortgage continues. Rates are around 5.00% with no points for a 30 year fixed, last I checked ... based on LVT ratio, credit score, and loan type. For instance, take someone with a 95% LVT, good ... Fannie Mae and Freddie Mac underwriting guidelines must have an LTV ratio of 80% or less. Higher LTV [more...]

Date: 2009-01-14 11:00:51

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

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

A Look at LIBOR Shows Bigger Credit Problems on the Horizon

By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report More than a year ago, even before the subprime-mortgage crisis had revved itself up into the full-fledged credit... Money Morning is here to help investors profit handsomely on this seismic shift in the global economy [more...]

Date: 2008-10-15 20:28:53

Credit Craze

Credit Craze Credit Craze, Part 1 Roger Lehman of Merrill Lynch is out with a report on problems at a Merrill Lynch commercial mortgage ... that put it all together and syndicated property ownership to individuals via what are called “tenant ... .) Credit Craze, Part 2 Following are excerpts from a Bloomberg article today by Chris Bourke [more...]

Date: 2008-11-21 18:53:18

Key an Eye on Your Mortgage Payments

In previous decades, when a borrower missed a payment on a mortgage, ... pressure on slow payers. Under new rules, a mortgage lender can ding your credit report every month ... as a check getting lost in the mail. Or it could be a symptom of a bigger problem like a divorce [more...]

Date: 2009-01-11 21:31:36

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

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

Dicing With Debt

Dicing With Debt Posted in January 15th, 2009 Category:Debt Relief Britons are taking on record levels of mortgage and credit card debt, with figures released last year showing that UK personal debts far out weigh that of our European neighbours. For those in need of help with financial problems then the Citizens Advice Bureau [more...]

Date: 2009-01-15 07:42:47

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

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

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

Dem Lawmaker Hits Credit Rating Firms With Collective Liability, Sparking Industry Protest

(ChattahBox)— Congressional lawmakers yesterday, focused on the much needed overhaul of the credit rating agencies, which played a major role in the collapse of the overrated subprime mortgage securities that caused the economic crisis last fall. Rep. Paul Kanjorski (D-PA) proposed a bill to address the accountability problems of the ratings agencies, by imposing collective liability for any improper ratings issued by competitor agencies. [more...]

Date: 2009-10-01 15:46:15

18 Results