Fannie and Freddie to Announce Mass Loan Modification Program
re-default. This may also further erode investor confidence in residential mortgage backed securities, ... monies to put towards housing payments. Step 3) Start Improving Your Credit Rating This can take a long ... you pay your bills on time, that you have good credit. Paying your bills on time only accounts for 30 [more...]
Date: 2008-11-11 19:02:07
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Friday’s Mortgage Interest Rate Update
The comparison of rates is based on when I last posted on (I skipped a week while our family was vacationing at Lake Roosevelt) ... is based on owner occupied with a minimum credit score of 720, “full doc” purchase with a sales ... %) improved 0.25% to rate. :) FHA. Pricing based on credit score of 620 or better and loan [more...]
Date: 2008-08-29 21:09:42
Right Question, Wrong Direction
Permalink | Email Author The title and subhead of an ABC News report from a bit earlier: Are They to Blame for the Meltdown? Congress to Grill Credit Rating Executives on Capitol Hill Today I wonder, when is somebody going to grill members of Congress over their responsibility for the mortgage meltdown? Our elected [more...]
Date: 2008-10-22 20:00:15
Thursday morning links
TOP STORIES Murky future for auto rescue amid GOP opposition - AP Foreclosure Storm Will Hit U.S ... , Companies - Washington Post Commodity crash tests faith in supercycle - Telegraph U.K.'s door open ... Jersey - Bloomberg The Credit Rating on a Benevolent Counterfeiters Debt - Infinity A? - Kasriel [more...]
Date: 2008-12-11 13:40:49
Decoupling to world: "I'm still not dead yet!"
The last time that some version of the title you see above appeared in these pages was way back in November, ... at such things as internal credit markets, saving rates, and a host of other factors while at the same ... . Such is the case in this report in The Economist: Over the five years to 2007, emerging economies [more...]
Date: 2009-01-12 00:17:06
Credit Bankruptcy - Essential Information
Someone once said that bankruptcy is essential in order for capitalism to survive ... s credit rating is affected by bankruptcy, with Chapter 7 (basic liquidation) being kept on report ... if they know that this action will remain on their credit record for a long period of time. Even from the beginning, debtors [more...]
Date: 2009-01-16 00:24:18
More Ways to Save on Auto, Home and Health Insurance
Despite the fact that auto, home and health insurance rates are on the rise, ... can raise your rates. Improve your credit report by repairing any errors and stay on time paying ... there are always ways to save money on these necessities with a little ingenuity. In our free [more...]
Date: 2008-12-17 00:23:48
Euro Rallies After ECB Cuts 50bp
After having cut interest rates by 50bp Thursday morning to 2 percent, ... debt rating downgraded. Greece’s credit rating was cut by S&P yesterday. There are no silver [more...]
Date: 2009-01-15 15:14:21
Is your bank safe and sound?
There have been five north GA banks that have failed last quarter or are on the problem list with cease and desist ordersFreedom Bank, Commerce, ... : *** "Performing"The Bankrate system also rates credit unions. I didn't check banks in Athens ... Specialists.In our neck of the woods, the employment outlook is dim. Unemployment rate increases to 25-year [more...]
Date: 2009-01-02 17:04:00
Happy New Year Facebook - your employees think you’re lying about advertising. And they may have a point
A gremlin inside Facebook - or more likely a disgruntled employee - briefly hacked Facebook in the last few hours ... and business, then why do I get shown ads for Credit Rating Reports, as I did today? On thing’ ... get you a 2:1″ and Bad credit? Get a credit card with 39.9% APR!’. Classy.” The thing is, social [more...]
Date: 2009-01-05 11:59:10
Fed slashes interest rates, but stocks lose again
Wall Street bounced higher and lower Wednesday trying to make up its mind about an unprecedented coordinated interest rate cut by central banks ... becomes cheaper. Home equity loans, credit cards and other floating-rate loans all fluctuate depending [more...]
Date: 2008-10-09 00:36:14
Despite Losses, Builder Shares Still Struggle
It’s hard to find a sector doing well Thursday, but homebuilders were among the poorest performers, led by Hovnanian Enterprises Inc ... by a report from Standard & Poor’s, which said more trouble could be in store for the builders, which could lead to more credit-rating downgrades if the situation doesn’t change. Builders Shares [more...]
Date: 2008-09-04 16:50:32
How Do I Get a Subprime Mortgage?
“How do I get a subprime mortgage?” is going to be a question that we start to hear a lot more in the next few months ... borrowers as their credit rating has dropped and they have very little, if any, money in their savings ... though mortgage rates continue to drop, it is not helping the housing market. So, how [more...]
Date: 2009-01-17 04:00:18
The Yen Reeks Havoc on Some of Your Favorite Companies!
Over the years, American’s have really gotten a “thirst” for Japanese products ... of the recession and strong yen. Meanwhile, Honda had its credit rating cut by Fitch from A+ to A. Sony ... . How bad? Well, analysts were expecting a profit of 35 billion yen…instead, they may report a 100 [more...]
Date: 2009-01-15 19:52:35
Thursday Links
Too Big To Fail - “Shares of Bank of America, the largest U.S. bank, were a top drag on the Dow, with a drop of more than 18 percent to $8.35 ... to a report by the U.S. Joint Forces Command on worldwide security threats.” Junk - “Another of the nation’s leading credit rating agencies has downgraded [more...]
Date: 2009-01-15 15:54:50
Credit Score Rating Scale
by William Blake It is important to improve or protect your credit scores ... . If your scores are below 450 it will be almost impossible for you to obtain any type of loan or credit ... system that is used to determine a persons credit scores. But it is helpful to try to understand [more...]
Date: 2009-01-06 14:23:22
The Flexibility of Private Money Lenders
by Tomasheus Privetsky Although there are lots of people out there who have the potential to become successful real estate investors, ... of an investors financial statements or credit ratings. The Benefits of a Private Money Loan As a real estate ... imposed by a board of directors or harsh credit standards imposed by Fannie Mae and Freddie Mac. [more...]
Date: 2009-01-01 23:55:18
Is The Inflation Scare Over Yet?
Treasuries have been on a bit of a rally recently as the Lehman iShares 20+ year duration treasury fund (TLT) chart shows ... of credit via massive writedowns in banks and financials, accompanied by sharply rising unemployment rates, falling wages, and curtailment in credit lines everywhere is simply not an inflationary [more...]
Date: 2008-06-27 00:51:36
Credit Scores & Car Loans
Q: What credit score is needed to get a car loan? What are the best options in your opinion? Any help would be appreciated. Thank you so much. Sincerely, Julie A: Even though the economy is seeing a mild recovery, credit is still tight which means it may be difficult to find a low interest rate car loan unless your credit score is above average. [more...]
Date: 2009-10-01 05:00:30
Use Online Surveys To Build Customer Trust And Loyalty And Thrive During The Recession
The ongoing financial crisis and talk of recession has left a lot of Internet marketers worried about whether they will be able to stay in business ... . Social network marketing sites, email, instant messaging and Skype all offer the Internet marketer ... with products first is not a great way to raise your credit rating with your prospects. One good way [more...]
Date: 2008-11-19 17:54:53
Chinese banks facing risks from bad loans
China’s lenders may have evaded the worst of the global credit crisis so far, but they are facing plenty of risks of their own, economists with credit agency Fitch Ratings said Friday. A larger-than-expected downturn ... ,” Chu said in a conference call following the release of a report outlining risks for the industry [more...]
Date: 2009-01-16 09:39:30
Housing Push for Hispanics Spawns Wave of Foreclosures
First Published: January 5, 2009By Susan Schmidt and Maurice TammanCalifornia Rep ... with loans that often didn't require down payments, solid credit ratings or documentation of employment ... %, to 6.1 million from 4.1 million, according to the U.S. Census Bureau. Over that same period [more...]
Date: 2009-01-08 18:23:00
Credit Scores & Car Loans
Q: What credit score is needed to get a car loan? What are the best options in your opinion? Any help would be appreciated. Thank you so much. Sincerely, Julie A: Even though the economy is seeing a mild recovery, credit is still tight which means it may be difficult to find a low interest rate car loan unless your credit score is above average. [more...]
Date: 2009-10-01 05:00:30
GMAC Deal Boosts Auto Stocks
The government’s decision to provide $6 billion in financing to steady the lending arm of auto giant General Motors has jolted futures on ... credit rating needed for funding new loans to 621, down from the 700 limit established by GMAC two ... lousy report on home prices, as the S&P/Case-Shiller home price indexes fell to their March 2004 [more...]
Date: 2008-12-30 14:03:40
GMAC Deal Boosts Auto Stocks
The government’s decision to provide $6 billion in financing to steady the lending arm of auto giant General Motors has jolted futures on ... credit rating needed for funding new loans to 621, down from the 700 limit established by GMAC two ... lousy report on home prices, as the S&P/Case-Shiller home price indexes fell to their March 2004 [more...]
Date: 2008-12-30 17:03:00
Long Beach Mortgage Report: Concern over future loan pricing due to Democratic moves
Long Beach, CA. We are very concerned about this development for future mortgage pricing ... this is at a time when we expect a government agency to support the credit crisis, not curtail their lending. Why has this happened? Apparently the agency faces a credit rating downgrade and must work through a half [more...]
Date: 2009-01-08 18:35:49
Finding the Right Lender
.fullpost{display:inline;}By Mary BushOften when people think of applying for a loan, they consider only the terms of the loan, ... credit rating, and aren't seeking huge sums, you will likely be eligible for an unsecured loan at a standard financial institution. If you have good credit, but are looking for a very large amount, you may [more...]
Date: 2009-01-10 08:41:00
Fed to Lend to Fannie & Freddie
All of our weekend guests finally clear out, we clean up the barbecue remnants. I get a few seconds to sit down to the computer to check email, and THIS is what greets me: &gt ... be at the primary credit rate and collateralized by U.S. government and federal agency securities [more...]
Date: 2008-07-14 02:16:25
Crisis Deepens; Asian Exports Plunge
For anyone who thinks the Credit Crisis has retired. The rest of the world seems now to be tanking worse than the US ... have been struggling to secure letters of credit, the lubricant of the trading system. Even large banks in Asia ... in an emergency move to unlock the credit market. It cut interest rates to 0.01% on Friday, tantamount [more...]
Date: 2008-12-25 23:48:00
Free Credit Report
Most individuals only think of credit scores if they are applying for loans ... score by keenly monitoring the credit ratings and identifying any problems and discrepancies in the process. In addition, the site also gives idea to people about the factors affects my credit score [more...]
Date: 2008-12-31 02:11:23
The United Socialist States Of America
I can't imagine any politician arguing against this on principle, can you? ... , and immediately lowered its lending standards. No longer would buyers need a credit rating of 700 or higher. Now, people qualify with scores as low as 621, which is 2 points above “poor” and 102 [more...]
Date: 2009-01-14 03:19:28
NFP: Even Worse Than Reported
Over the past few years, we have railed at the prettyfied numbers that come out of BLS regarding NFP job creation and the unemployment rate ... of aberrational, credit-driven economic growth was hidden from the public view. Many (tho not all) of Wall Street ... now in a full blown recession, and the Housing and Credit crisis getting worse, it hardly semed [more...]
Date: 2008-12-08 11:34:50
Is Your Credit Application Affected By Your Job?
The following is a guest post by Tisha Tolar. Special thanks to Tisha for filling in while I’m on vacation ... for and obtain. Now, the application process of a new credit card is much less guaranteed. For many ... of people who manage okay and are able to maintain a good credit rating, it still may not be good enough [more...]
Date: 2008-12-01 14:29:30
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
Everybody Thought They Were Rich In California
The Bay Area Newsgroup reports from California. “Over the year that ended in July, ... of Business at University of California-Berkeley. ‘It is clearly the worst since the 1930s.’” “Financial institutions are already tightening up on terms, conditions, rates and amounts of credit [more...]
Date: 2008-09-16 20:00:21
Volt Still Kicking as Feds Take $5B GMAC Stake
With a new $6 billion bailout from the Treasury approved late yesterday, General Motors has lowered its requirements for auto loans ... loans to customers with a credit rating of 621 or above, down from yesterday’s minimum score of 700 ... use progress on the Volt as leverage in negotiations for federal aid. So, bailout? Check. Cash [more...]
Date: 2008-12-30 21:00:12
Well! Now we know why Emperor Paulson wanted retroactive immunity in his trillion dollar bailout plan!
How did Paulson try to get retroactive immunity? Why, via the infamous Clause 8, of course: the clause Krugman caught Paulson lying about ... , Lehman Brothers and American International Group, bringing to 26 the number of bureau investigations ... into disclosure and valuation of housing-related investments at banks, insurers and credit rating [more...]
Date: 2008-09-24 02:53:58
myFiCO Credit Score Watch - 30 Days FREE Trial Promotion
This post is written and copyrighted by FIRE Finance (http://firefinance.blogspot.com). myFiCO Credit Score Watch ... of us new to Score Watch, it's a tool used to: » monitor important changes to our Equifax credit ... or when we qualify for a better interest rate » alert us when unexpected changes to our credit report [more...]
Date: 2008-09-15 01:09:38
Ainda o “downgrade” da S&P (5)
Bloomberg Spain may struggle to sell 1.8 billion euros ($2.4 billion) ... . Standard & Poor’s said Jan. 12 it may lower Spain’s AAA credit rating. “There is a clear risk ... of bonds as the prospect of a credit downgrade and a flood of new issues by European governments [more...]
Date: 2009-01-15 09:54:11
Will carrying a credit card balance through month end hurt your credit score
As I vaguely mentioned in my $100,000 by Age 30 year end recap post my wife and I are starting to save for a house we want to build down the road ( ... and research. One thing that I want to start preparing for is upping my credit score to get it as high as possible to make sure that I would qualify for the best rates. My credit score is not bad [more...]
Date: 2009-01-16 06:00:12
I-Card Movement Gets Boost From Equifax
081113_infocard Credit rating giant Equifax released an digital information card for verifying age Thursday, ... go a long way towards eliminating the potential for fraud or identity theft in online transactions ... the Information Card Foundation, a consortium of tech companies including big names like Google, Microsoft [more...]
Date: 2008-11-13 21:26:24
The Bank Bailouts Are Very Well Intended, But Where Is All The Money Going To Come From?
As every woman who has ever had dealings with a man knows only too well, ... problems raising debt in the deepening credit crisis. According to the FT article the difficulties Austria, which has a triple A credit rating, is facing only serves to highlights the extent [more...]
Date: 2008-10-29 11:34:02
The New China, Bush Asks for TARP, 2009 Oil Surprise, Buy Turkmenistan and More!
by Addison Wiggin & Ian Mathias Chinese exports dive; oil imports, money supply and leverage rise… sound familiar? Bush asks for rest of $700 billion TARP… S&P says USA’s credit rating getting shaky Dan ... . Unfortunately, the model was still dependent on mass consumption in the West. Without credit-fueled [more...]
Date: 2009-01-08 01:36:29
PNG budget goes for growth despite financial crisis
The Papua New Guinea Government handed down a PGK7.6 billion (approx.US$3 billion) budget for 2009 yesterday ... and telecommunications. PNG’s Standard and Poor’s credit rating was upgraded in 2007 to B+ for long-term foreign ... impact on service delivery, with anecdotal reports suggesting many districts were unable even to obtain [more...]
Date: 2008-11-19 05:44:00
How To Chase High Interest Rates On Savings Accounts and Manage Them
I consider myself one of many rate chasers out there - savvy savers who hunt for the best annual percentage yield (APY) interest rates at banks and credit unions, and who are keen on quickly moving large sums of money ... of what I own in cash form, invested in stable interest bearing savings accounts. The type of money [more...]
Date: 2008-07-01 19:21:37
WSJ says housing push for Hispanics spawns wave of foreclosures; Phoenix ranked 9th
— California Rep ... with loans that often didn’t require down payments, solid credit ratings or documentation of employment ... %, to 6.1 million from 4.1 million, according to the U.S. Census Bureau. Over that same period [more...]
Date: 2009-01-05 22:01:21
Wall Street Breakfast: Must-Know News
Thanksgiving rally falls with a thud. After a five-day rally that spurred hopes of a lasting recovery, ... a recession in December 2007, according to the National Bureau of Economic Research (NBER), ending ... confidence, and a lack of credit availability." His comments, including calling rate cuts below [more...]
Date: 2008-12-02 12:15:46
Downgrades of European Real Estate Companies More Likely
The European real estate sector’s business model resilience and companies’ financial policies will be tested over the coming months, Standard & Poor’s Ratings Services says in a new Industry Report Card. In the context of lower investor ... . Technorati Tags: credit-ratings, European real estate, standard-and-poors [more...]
Date: 2009-01-12 15:24:08
Nuclear Reaction - A Greenpeace blog about nuclear power: Nuclear News for December 8th 2008
Some other stories from the nuclear industry you may have missed: Bloomberg: ... , church members have reported that Taitung county police department and Taitung investigation bureau ... its top grade credit rating as it invests billlions in acquisitions and plant renewal.’ Contract [more...]
Date: 2008-12-08 12:46:16
Borrowing future growth
By Fester: Today's employment and unemployment numbers were ugly. The unemployment rate went to 6 ... . Some credit the short term rebate check stimulus. but there is another reason that sounds very plausible for this good number despite all of the labor, income, and credit market problems. Dave Altig [more...]
Date: 2008-09-05 19:20:39
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