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

Blog posts (246) | Videos (130)
 

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

Center For Responsible Lending Burning, Payday Loans Unscathed

The CRL is burning… With each passing day, payday loans become more popular with consumers in need of a temporary cash bump ... higher. Witness this recent story from the Credit Union Times‘ David Morrison. He reports in “Sandler Mortgage Lending Controversy ... [more...]

Date: 2009-01-16 22:12:37

New regulation and the GAO

rdan GAO has a report on regulation deficiencies of financial markets: ... participants—such as nonbank mortgage lenders, hedge funds, and credit rating agencies—some of which ... difficulty understanding new and increasingly complex retail mortgage and credit products. • Fourth [more...]

Date: 2009-01-15 10:00:01

JPMorgan temporarily stops foreclsures

Are they being nice or just plain practical?JPMorgan Chase the nation's largest bank and one of its biggest mortgage lenders, ... . The global credit crisis, which began with subprime mortgages, increasingly appears to be affecting a wider range of consumer loans and, according to a report published by First American CoreLogic Friday [more...]

Date: 2008-11-02 09:41:00

Home Buddies Economic Report Part 3 - Credit and Opportunities

by Cliff Pape The past few weeks we have looked at an overview of the U.S. economy as a whole ... is to get mortgage lenders to loosen credit and they have committed to do it. At some point during 2009 mortgage ... . Now we will look at what is likely to unfold in the mortgage and real estate markets next year [more...]

Date: 2009-01-03 10:18:24

December California Defaults up 100%

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 ... to the Truth located at http://mrmortgage.ml-implode.com ~~~~ Mr. Mortgage: Dec CA Foreclosure Report [more...]

Date: 2009-01-16 17:15:46

usa mortgage rates

I stress when thinking about home, this patient received a second year, as well as state this function is provided to sell our house, ... to the main course as well as the seductiveness price report on how to find low price long head home loan ... go USMortgageRates.Com U.S. mortgage Tarif reports related to the debt loan debt related to credit [more...]

Date: 2008-12-31 16:20:03

Rise in mortgage delinquencies

The Wall Street Journal reported that one credit bureau TransUnion forecasted that the ratio of consumers with mortgages that are two months or more past-due will hit 7.17% at the end of 2009 [more...]

Date: 2008-12-02 17:01:01

Get a new home with bkr loan, 201029 euro in less than a week

And of course, each loan and each borrower are different ... , to appraisal and credit-report fees, among others. Brokers work with many mortgage bankers and, as a result ... . A mortgage is the pledging of a property to a lender as a security for a mortgage loan [more...]

Date: 2009-01-11 18:32:15

Did Obama Get a “Sweetheart” Mortgage Deal?

Did Obama Get a “Sweetheart” Mortgage Deal? July 10th, 2008 by JAZZ SHAW As reported by The Hill, ... Obama’s home mortgage. Judicial Watch, a conservative legal watchdog group, filed the report after ... such as competitors’ rates, how much of a down payment you make, your credit history, income, and a variety [more...]

Date: 2008-07-10 10:54:54

Mortgage Rates: Crude and Unemployed

Today’s Job’s Reports revealed the highest unemployment in twenty years ... below is based on owner occupied with a minimum credit score of 720, “full doc” purchase with a sales ... .   Bad news with the Jobs Report is what’s keeping mortgage rates from teetering significantly [more...]

Date: 2008-06-06 19:11:41

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

Mortgage Rates for Friday Afternoon

This morning’s Jobs Report was even worse than expected with 533, ... s report.   Mortgage rates are much improved over the last rate post (pre-Thanksgiving) and slightly ... ).  The conforming rate quote below is based on owner occupied with a mid-low credit score of 720-739, “full [more...]

Date: 2008-12-05 21:22:25

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

Why Can’t I Get That Low Mortgage Rate Advertised?

There is a perfect storm in the mortgage market right now.  Those who do not need credit can obtain it while those that do need credit cannot obtain ... was submitted and the appraisal and credit report came back within two weeks and the loan went [more...]

Date: 2009-01-05 00:51:01

Did Racism Help Cause the Mortgage Crisis? The Bubble Bursts

Carter Glass In 1997 the FDIC published an imaginary interview with Carter Glass that predicted what would occur with the repeal of the ... . Yet data from a 2002 Fannie Mae report dispels this notion. It found: Credit quality alone therefore ... research by Freddie Mac reports that as much as 35 percent of borrowers in the subprime market could [more...]

Date: 2008-12-15 00:20:33

No home equity, no downpayment, no dice

  The following is from the The Mortgage Report Blog ... Mae tightened debt ratio and credit scoring requirements, however, the newest underwriting updates [more...]

Date: 2008-10-22 16:42:00

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

What Determines Your Home Mortgage Loan Qualifications

When underwriters consider your home loan application and credit history, they generally look for 6 basic factors ... asking for. Get an Equifax 3-in-1 Credit Report Now! Liquid assets – Loan processors also want to see ... process. The more borrowers understand about their credit, the better they can maintain (or improve [more...]

Date: 2008-12-30 15:28:20

Citigroup Posts $2.8 Billion Loss in Q3: Report

(Update 1: reflects mortgage data from Citi’s earnings statement) Loan origination for residential real estate is down, mortgage delinquency is up and net credit losses are way up, according to Citigroup Inc.’s (C: 15.90 -2.03%) third quarter earnings statement [more...]

Date: 2008-10-16 15:21:55

mortgages on second homes

One hundred years ago the issue of borrowing money, either from friend of bank, was a matter that weighed heavily on peoples’ honor ... application, reducing the number of inquiries on your credit report. Often you can submit your application ... . To be in debt was looked down upon, store credit seemed an amazing advancement taken very [more...]

Date: 2009-01-14 09:35:22

American Express Delinquencies Hit 4.4%, Defaults 6.96%

Bloomberg is reporting American Express Delinquencies Rise to 4.4 Percent.American Express Co ... basis points over LIBOR last week.Further evidence of a credit freeze can be found in mortgage ... . had its highest monthly increase in credit-card delinquencies on record in October as jobless [more...]

Date: 2008-11-19 05:58:00

Housing Bill a Major Threat to Privacy

Shares in stricken government-chartered mortgage giants Fannie Mae (FNM) and Freddie Mac (FRE) ... up in the final version of the bill: 1) Nearly all credit-card transactions will be tracked and reported ... fingerprint registry. Let's start with the credit card (and debit card) provision first.  Former [more...]

Date: 2008-07-24 14:03:21

Home Mortgage Loan: 5 Elements To Know Prior To Purchasing A House

While buying a home is an exciting effort in life, it is certainly not something you want to rush into ... so that you will be accepted. You will want to have copies of your credit report several months before you begin shopping ... Wikipedia 1. Clean your credit record Paying an amount big enough to buy a house is something [more...]

Date: 2009-01-03 02:15:41

Mortgage Does Before Buying a Home

One of the most exciting effort a lifetime is buying a first house; however it is also something that must be done without risk ... as clean as possible so that you will be accepted. You will want to get copies of your credit report ... are 5 essential things to consider prior the purchase of a home. 1. Credit record cleaning Spending [more...]

Date: 2009-01-01 17:02:18

Get a new house with bkr loans, 474007 euro in one day

Start with credibility. It’s not easy to know if the prices quoted by lenders are reliable. And of course, each loan and each borrower are different ... in processing the loan, to appraisal and credit-report fees, among others. It is a transfer ... , compare the fees at each mortgage company you’re considering. So how do you find a lender [more...]

Date: 2009-01-15 21:15:03

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

Mortgage Rates January 9, 2009

Mortgage rates are off to an outstanding start for 2009 ... of your credit report.  You are allowed 1 free copy every 12 months, and the inquiry will not be reflected ... credit dispute letter” and find hundreds of free or sample dispute letters to send out. The next [more...]

Date: 2009-01-09 15:17:37

N.J. man learns modifying mortgage to cut payments may impair credit rating

by Moe Bedard on September 29, 2009 · 0 commentsin American Nightmare To confuse consumers even more, not all lenders follow the guidelines.That may change on November 1, when lenders can use a new code to report them as a “loan modification under government program.” The code will clarify which borrowers have taken modifications, but because the modification process itself is not streamlined, it won’t be the only worm squiggling out of the can.The bigger impact on credit scores may depend on how [more...]

Date: 2009-09-29 13:48:05

I Need Help … My Mortgage is Upside Down

Every homeowner struggling with their payments is making the decision of maintaining increased payments or face foreclosure ... . Your still alive right?When was the last time you reviewed your credit report?  Well then you clearly must ... . The latter has a high risk of derogatory credit and foreclosure. So the burning question [more...]

Date: 2009-01-14 10:08:59

Taking Home Mortgage Loans

by John Bear Planning to refinance your current mortgage? There are actually several options that are available for you ... loan approval solely on credit scores. In order to obtain a no doc loan, you must have a very high ... at a very good credit report, they reason that an applicant wouldn’t just do anything bad to tarnish [more...]

Date: 2008-12-31 15:42:48

Mortgage “Ambulance Chasers”

Technology is a fabulous tool, but just like a hammer - if swung wrong results in a very soar thumb ... process we pull your credit report and discuss your plans, needs and options. Two hours later ... with the credit bureaus (TransUnion, Equifax and Experian) they’re SELLING your inquiry information [more...]

Date: 2009-01-08 05:23:27

Bank Bailout Puts Taxpayers At Risk

ABC News' Betsy Stark reports: It all feels less frantic than the government's rescue of the financial system a couple of months ago -- and we can ... , it is reasonable to expect more loan defaults on everything from mortgages to credit cards. And if banks are forced to use their cash to cover losses rather than make loans, well, how does the [more...]

Date: 2009-01-16 19:01:22

Taking Home Mortgage Loans

by John Bear If you are looking to refinance your current mortgage, there are several options available for you ... and loan amount. The lender will then base loan approval solely on credit scores. In order to obtain ... with little or no documentation but just by looking at a very good credit report, they reason [more...]

Date: 2009-01-02 16:59:45

Sterling Exchange Rate Forecast

This report will focus on the outlook for Sterling, and how further interest rate cuts by the Bank of England this week may affect the pound ... rate, with the country's largest mortgage lender, Halifax, reporting a 16.2 percent annual decline ... since the recession of the early 1990s. The credit crunch has led to thousands of job cuts in many [more...]

Date: 2009-01-05 08:54:00

Royal Banksters of Scotland Bank Throw £300,000 Party after £20 Billion Taxpayer Bailout

Banksters at the Royal Bank of Scotland spent £300, ... £20,000 a show – tell jokes about the credit crunch. The mortgage staff and their guests whooped ... of the World report. Despite holding the black tie ball in private, executives gave the game away [more...]

Date: 2008-11-11 12:56:40

Today’s best mortgages: How to Qualify

by Mortgage Wizard Equity The amount of equity you currently have your is a large factor when determining if you qualify for the best mortgage rates ... . (excluding utilities and other miscellaneous debts that do not get reported to the credit agencies [more...]

Date: 2009-01-04 20:51:44

Home Mortgage Loan: 5 Elements To Take Into Consideration Before Buying A House

While purchasing a house is an exciting effort in a lifetime, it is certainly not something you want to rush into ... of your credit report several months before you start shopping for a house so you know what to expect ... of your annual salary. But even then, it is best to find a calculator online to help you figure [more...]

Date: 2009-01-05 13:01:40

Today’s best mortgages: How to Qualify

by Mortgage Wizard Equity With the majority of the country in a declining real estate market the amount of equity you have in your home plays a ... on your credit report such as cell phone, gas, and groceries. Assets A borrower’s liquid assets ... . They look at the three major bureaus (Experian, Equifax, and Transunion). Some creditors only report [more...]

Date: 2009-01-02 21:56:12

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

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

Coming This Week

by Sharona Coutts, ProPublica - Tuesday, September 16 Credit: ProPublica 9:30 a.m ... of information on reporters, the Bureau’s approach to the mortgage fraud crisis, and the expanded [more...]

Date: 2008-09-15 20:02:00

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

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

Update: who is going into foreclosure?

How do we help people in foreclosure? Or, is the question still, do we help people in foreclosure ... delinquent again within 10 months, according to a Credit Suisse report. A couple of disturbing numbers ... has proved hard to fix: Falling home prices: More than 23 percent of home owners with a mortgage owe [more...]

Date: 2008-10-30 13:41:47

Unprecedented Times In The Housing Industry

The Jackson Hole Daily reports from Wyoming. “Jackson Hole’s real-estate market has buckled under the weight of the economic downturn and new lending rules, a recent report says. The biggest evidence of the slowdown is in the single-family ... Falls Tribune from Montana. “Months before the phrase credit crunch was coined, some mortgage [more...]

Date: 2008-10-29 21:38:25

Just Tricks…No Treats for Friday’s Rates

Mortgage rates continue to trend upwards like mummies crawling out of their graves.  (Sorry…bad reach. Booooo).  October has been terrible for rates! ... and FHA jumbo loans.    We’ll end next week with the goulish Jobs Report.  Most traders should ... credit score of 720-739, “full doc” purchase with a sales price of $500,000 and a loan amount [more...]

Date: 2008-10-31 19:48:17

The next debt crisis -commercal mortgage market set to collapse in North America in 2009-2010

Two weeks ago, I mentioned that about a dozen financial bubbles are about to burst. Here's a good reliable leading economic proxy indicator that doesn't get enough credit ... in Tucson, Ariz., and Hilton Head, S.C., also are about to default on their mortgages." ... a report [more...]

Date: 2008-11-30 02:18:40

"60 Minutes" Report: So Many More Foreclosures Coming

Back in August, the New York Times ran a story about a second wave of foreclosures that is going to hit, ... and then reset years later). The above chart, put together by the investment bank of Credit Suisse and featured on last night's "60 Minutes'" report, shows when the resets on these exotic mortgages [more...]

Date: 2008-12-15 19:12:36

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