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
Blog posts
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Videos
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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
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
Finally: Republicans Finger Democrats as Responsible for Fannie/Freddie Meltdown
—Ace Good video report from Jim Angel at FoxNews. It should be noted that "Republicans" do not include "McCain ... guaranteeing a trillion new dollars for no-money down car purchases with no credit checks or proof ... . Millions of credit-poor homebuyers -- with erratic and unverified incomes -- now have mortgages [more...]
Date: 2008-09-24 00:11:22
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
Banking Industry Sinking Faster Than Government Can Bail?
A useful piece at the Wall Street Journal discusses the poor prospects for the US banking industry, ... pound gorilla provider of mortgage credit offers far fewer fee opportunities to banks (and that's even ... and Treasury. The article makes much of recent and almost-certain-to-get-worse bank credit losses [more...]
Date: 2008-12-30 06:21:47
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
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
Rising Default Risk In Pro-Forma Commercial Loans
The bond market is reeling from rising default risk in Pro-Forma Commercial Mortgages ... to Standard & Poor’s. In southern California, the owner of the Promenade Shops at Dos Lagos missed two ... Federal Credit Union in New York. “They were underwritten with outlandish expectations on rents [more...]
Date: 2008-11-21 03:34:00
++ 4,200 Barclays jobs to go ++
The horrors of the Brownian job losses continues, as the Times is reporting that Barclays is adding another 2, ... losing their home thanks to the unethical repossession policies of mortgage lenders ... these 4,200 poor souls. Almost 12 years of Brown’s debt-fuelled boom (and the credit crunch [more...]
Date: 2009-01-14 15:22:19
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