Small Planet, Small Star

Small Planet, Small Star Consider Ethnicity When Treating Breast Cancer Early study reveals promising Alzheimer's disease treatment Reborn Baby Dolls Swiftly Popular in Scotland Microsoft’s Annual Revenue Reaches $60 Billion Ryugyong Hotel Set ... Estate And Mortgage Testimony Credit Lines FREEZE, But Not For Reverse Mortgages Recent Top [more...]

Date: 2008-07-18 20:40:45

Blog posts (19) | Videos (5)
 

Los Angeles Mortgage Rates Report: January 14, 2009

The US Treasury Department has been supporting the mortgage bonds market, in order to keep mortgage rates under 5% ... , their funding line gets filled up.  Imagine a funding line (sometimes called a warehouse line of credit) like a big credit card,  Normally, a big bank needs, say $100 Billion for its line.  The unexpected [more...]

Date: 2009-01-14 06:35:15

Morning Commentary

Start with Markus K. Brunnermeier. While the overall mortgage losses are large on an absolute scale, ... or other loans as collateral...To ensure funding liquidity, the sponsoring bank grants a credit line ... vehicles, and then granting a credit line to that pool to ensure a AAA-rating, allowed banks to reduce [more...]

Date: 2008-11-20 12:11:23

Texture of the Credit Crunch, Not So Good

Mortgage brokers view of the mortgage meltdown. As a mortgage broker I can tell you that the past several years have been bludgeoned with careless ... to such as the small business owner who grosses $500,000 per year but has a bottom line of $50,000. With a decent ... credit score mortgage with no money down and no real income verification. Are you [more...]

Date: 2009-01-06 21:05:00

How to Receive Money from Reverse Mortgage

by Mulroony Vanrock A senior gentleman called me last Friday ... which lasts in perpetuity. The 3rd choice is to opt for a line of credit. In this circumstance ... . An important point about the line of credit is the unused portion of the line is actually accruing interest [more...]

Date: 2009-01-15 08:54:22

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

Maintaining Excellent Credit Rating

Being approved for credit is a sign that someone is willing to take a risk on you with their money ... of all, get your free annual credit report from the credit bureau. Check for mistakes or false ... bills - food, utilities, rent, or mortgage. Before you go out shopping for credit lines, make sure [more...]

Date: 2009-01-15 03:41:35

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

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

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

Bernanke's Speech

Bernanke made a speech on Tuesday to the London School of Economics. The opening line is especially important ... market were only one aspect of a much larger and more encompassing credit boom whose impact transcended the mortgage market to affect many other forms of credit. Aspects of this broader credit boom [more...]

Date: 2009-01-15 19:30:00

Refinances Booming? Not As Much As You Think

Discount all the reports you read about Americans lining up to refinance their mortgages and take advantage of the lowest rates ever ... , most often because their credit isn’t good enough or they don’t have sufficient home equity ... These are people who have good credit, who have had been in their homes a long time, people who already [more...]

Date: 2009-01-16 00:46:03

Warren's Oversight Panel: First Report Out; Republicans Already Squawking

Surprise! The initial report by Elizabeth Warren’s TARP oversight panel, out yesterday, is not a product of bipartisan harmony: ... s efforts to unfreeze credit markets, they have split the oversight panel along party lines, raising ... his original plan to buy toxic mortgage assets, instead using most of the funds for boosting capital [more...]

Date: 2008-12-11 09:29:47

Slumping Auto Sales Hurt Auto Loans

Perhaps the one market to see the heaviest damages besides the mortgage industry is the automotive industry ... of the tremendous surge of gas prices and shrinking lines of credit, people have all but abandoned ... have been hit very hard and are scrambling to try and push larger vehicles off their lots. The credit [more...]

Date: 2009-01-16 17:47:05

Sucky Stocks Increase Reverse Mortgage Biz

by Rimj Vanrock I understand the stock market may be down a little. What? Did you say 40%? Well I know it is somewhere around that figure ... : You may consider using a Texas reverse mortgage to invest. Learn first and read this report. Also ... a bunch of money in the market. Is having a bunch of money in a line of credit really going to help them [more...]

Date: 2009-01-06 02:10:17

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

John Courson - The Next MBA President?

From the Sacramento Bee:A veteran Sacramento mortgage banker who has been lobbying Congress to pass the $700 billion bailout has been accused of ... & Co. slashed his available line of credit this summer from $26,000 to $10,000, he knew he'd gotten snared by the nation's credit crunch. The reduced financing prodded him to scale back his operation [more...]

Date: 2008-09-29 15:02:00

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

Information trickle down

UPDATE: 7:45PM NZDT:ODT reporting:ANZ and National Bank have announced they are dropping their fixed-term mortgage rates ahead of the next Official ... fall in line with what the RBNZ does on 29 January.-- UPDATE ENDS RNZ reporting that the S&P credit rating downgrade has affected our dollar. I have always said that credit rating agencies will trigger [more...]

Date: 2009-01-13 22:43:00

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