Popular Tags, Blogs, and Videos about mortgage credit

Mortgage Refinance With Bad Credit Options: Reveal All The Hottest Tips Here!

by Asem Eltaher Among the top ten hot topics of 2008-2009 is the relief for homeowner’s high mortgage payments. Foreclosures at an all-time high and many are getting further behind each month creating a large market for mortgage refinance with bad credit. The Mortgage Banker’s Association states the newest information on foreclosures shows the decline is still pacing downward. The percentage of homeowners facing default can rise higher by 2011, if relief is not available. [more...]

Date: 2009-10-01 09:00:20

Blog posts (467) | Videos (194)

Local Banks Escape the Worst from Rosa Wright

Local banks escape worst of financial crisis by Joseph SantangeloThe financial industry on the South Shore and Cape Cod largely has avoided the ... report little to no exposure to subprime mortgages, mortgage-backed securities, credit default swaps ... offer credit to small businesses, although loan standards often are tighter and loan volume is down [more...]

Date: 2008-12-30 18:19:00

Confusing Consumption With Investment

People are now waking up to the fact that what that real estate investment guru was pitching at the seminar wasn’t necessarily an "investment": ... of resources.Card credit credit score Credit repair forum Providian credit card application Va home mortgage loan rate Purchase prepaid credit card Christian consolidation counselor debt Experian [more...]

Date: 2008-06-24 14:10:35

Four. One Million Use Credit Cards for Mortgage or Rent

4.1 Million Use Credit Cards for Mortgage or Rent According to housing and homelessness charity Shelter, about 85% of the UK’s £1 ... Breaking point’ report revealed that ‘4.1 million households (16%) used credit cards to help meet ... , is that they normally come with a lower APR (Annual Percentage Rate) than unsecured debts [more...]

Date: 2009-01-08 08:18:32

Basic Credit Scoring 101 For A Better Mortgage Rate

by Rob Kosberg Credit scoring is becoming more important to mortgage pricing so now would be a terrific time to brush up on your credit education ... balances should hold steady at no more than 30% of the card limit. The credit bureau believes ... is one of the major credit scoring companies. All can learn from the numerous pages of financial tips [more...]

Date: 2008-12-30 08:22:00

2007 J.D. Power Satisfaction Ratings in Finance

J.D. Power & Associates puts out annual customer satisfaction surveys in all types of industries from automobiles to finance to insurance to travel ( ... I used more - retail banking and credit cards. While I don’t discuss the mortgage ratings, go check ... banking, mortgage related, and credit card groups. At the time I first wrote this, I didn’t think [more...]

Date: 2008-08-10 19:27:39

Rx for Arizona Consumers’ [HomeBuyers} Credit

Find out what’s in their file. Every U.S. consumer is now entitled to one free credit report annually from each of the three credit bureaus: Experian, ... a mortgage or other credit, the lender must tell them whether information in their credit report played ... is incorrect on a credit report, the next step is to correct the inaccuracy. If consumers [more...]

Date: 2008-12-23 19:30:07

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

Mortgage Delinquencies Continue to Climb, Watch Out for Other Loans

It's beginning to get really ugly out there... unfortunately 13 months ago when we were told "this is just a subprime issue" ... of the iceberg - we have alt A mortgages, option ARMs, prime mortgages, credit card loans, auto loans, student loans, credit card debt. It's all coming down the pike. It appears the pike is coming right [more...]

Date: 2008-09-23 17:13:49

Most Expensive Christmas Ever, Consumer Conundrum, Fixing the Credit Crisis, The New Oil Industry, and More!

by Addison Wiggin & Ian Mathias Forget deflation… study finds this Christmas to be most expensive ever Thus consumer’s pull back… personal ... that actually make “stuff.” Say what? Bill Bonner on the credit crisis “fix” for 2009 Is America ... payments on mortgages, credit cards, and auto loans," says the credit agency Equifax. Thirty [more...]

Date: 2008-12-24 19:23:22

Obtain Helpful Recommendations About Orlando Realtor

Part I Step 1: Spiff up your credit Good credit can lower your mortgage interest rates, potentially saving you hundreds of dollar a month ... . Order a credit report (usually free online). You can dispute any mistakes, but the most important thing is to build up good credit from here out. Lenders want clients who can pay bills on ... [more...]

Date: 2008-12-31 00:00:10

Painful eyes

A lot of emails come my way every 24 hours. Some stand out. Like this one. Not just that she’s a realtor who likes me ( ... citizens have become. Not just because she now laments the influence of cheap credit and easy money ... to holding mortgage and credit card debt to the tune of 75 Billion, they say well that’s normal that’ [more...]

Date: 2009-01-17 03:17:13

Mortgage approvals slump by 52%

Mortgage lending for house purchases fell by 52% over the 12 months to October, according to latest figures from the British Bankers' Association ( ... a much reduced appetite for borrowing. "Mortgage approvals remained low, consumer credit ... . A report into mortgage financing by Sir James Crosby, former HBOS chief executive, suggested repayments [more...]

Date: 2008-11-25 10:08:00

The Importance of GOOD Credit

by Rob Kosberg We all should know that good credit is a “must have ... to get a loan, a mortgage, credit card depends on a good credit rating. Our “Credit Score” is most ... FREE Guide on Maintaining and Repairing your Credit [more...]

Date: 2009-01-03 12:23:01

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


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

Progress Report #18

Happy New Years Day and a special welcome to readers visiting from FB's blog :)I am really excited about the start of 2009! But first the progress report for December...The Last Credit Card Ever: $21000 Mortgage ... of 'the last credit card ever' later this month.January To Do List set up new office & move all files from home [more...]

Date: 2008-12-31 18:47:00

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

Six Steps To Stem The Foreclosure Crisis

On January 7, President-elect Barack Obama declared his intention to address the foreclosure crisis soon after being sworn in ... the foreclosure crisis is expected to worsen. At the end of last year, credit agency TransUnion estimated ... Mortgage, American Home Mortgage Servicing, and Aurora Loan Services (a subsidiary of Lehman Brothers [more...]

Date: 2009-01-16 19:15:34

Becoming a Subprime Society

From MarketWatch: Foreclosures could top 8 million: ... to a recent report. Credit Suisse’s fixed-income research team forecast that 8.1 million mortgages ... Credit Suisse More than 8 million mortgages could go into foreclosure in coming years in the wake [more...]

Date: 2008-12-10 11:35:04

“We can put light where there’s darkness, and hope where there’s despondency in this country ... S. Bernanke, chairman of the Federal Reserve, laid out the latest terrifying news: The credit markets ... easy credit, consumers who took on mortgages they could not afford and Wall Street chieftains [more...]

Date: 2008-12-21 16:01:46

Home loans

by Tom Martens For the vast majority of us, homeownership means a monthly mortgage installment ... this rate, your credit history and credit score are major factors in whether your bank considers ... the best option for you. Administration fees payable every month differs with each loan, so check [more...]

Date: 2009-01-16 14:53:39

Fox News Goes After Jim Cramer

Fox Business Network just put out an ad going after the track record of Jim Cramer ... 3 years to hit bottom, and that was with no government intervention. Besides the credit crisis, lack of credit, and mortgage meltdown caused by bad loans given to those that couldn’t afford those [more...]

Date: 2008-10-10 18:47:10

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

Is It Time to Refinance?

Is It Time to Refinance? Written by Credit Karma January 9th, 2009 at 7:09 AM CST 2 comments Rates are going down ... of the Federal Reserve’s and Treasury’s efforts to bolster home prices, un-freeze the credit markets ... refinancing: Have Good Credit. There are no more subprime mortgages. Most likely subprime mortgages [more...]

Date: 2009-01-08 17:50:03

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

Re-default nation

The big question looming over the push to rewrite the home loans of people struggling to make payments is whether or not such mortgage ... % of all first mortgages in the U.S. Dugan called the results, part of his agency's new Mortgage Metrics report ... consumers replaced lower mortgage payments with increased credit card debt?  Is it because the [more...]

Date: 2008-12-08 17:35:26

The Credo of Credit

It’s over a year since the credit crunch began wrecking havoc throughout the global economy ... has been directed against those who specialize in the credit business, especially subprime-lending, be it of mortgages or credit-cards. No doubt, some predatory lending has occurred. We need only pick [more...]

Date: 2008-09-20 06:00:09

“If you had a Macy’s card and a gas card, you could buy an $800,000 home.”

From MSNBC: Brace for other shoe to drop in mortgage mess, some warn With most of the country still reeling from the subprime mortgage meltdown, ... applied to loans given to people with shaky credit. Alt-A is the next-higher category, typically covering mortgages to borrowers who had better credit but didn’t want to document their incomes or wanted [more...]

Date: 2008-06-18 10:17:06

Ultimate Debt Guide - Get Out of Debt With Debt Consolidation?

by Ash Ford How to get out of debt by not filing for bankruptcy or by signing up to a long-term debt relief plan which has the potential to push you ... and be in over your head with loans, credit cards, car payments, mortgages etc. Finding a way out isn’ ... truth about the credit card game is clear to me now and you’ll learn why numerous people remain [more...]

Date: 2009-01-15 02:47:14

Man Feels Opportunities Credit Union Screwed Him Over For $125 []

This will come as a serious blow to a number of our commenters, but we have a bad story about a credit union. Gasp, shock, horror, it's true. Opportunities Credit Union of Vermont, where reader Rick has his mortgage, told Rick ... Credit Union accessed the bill. Whoopsies. Here's Rick's letter to the Credit Union president, asking [more...]

Date: 2008-09-12 20:47:02

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

Saving yourself form debt

When it comes to taking care of your finances, nothing more than ever ruins your financial position than having a large amount of debt which is ... you a black eye with the credit bureau and any applications for new loans or credit cards would probably ... on paying your bills from credit cards, loans and mortgages without realizing that you are barely [more...]

Date: 2008-12-28 01:21:40

Widespread Mortgage Refinance (Good Credit Doesn’t Pay)

Mine won’t be one of the three million mortgages expected to get a new deal via The Bailout ... , to have the right numbers on our credit report. AND a month later when every headline ... , and took the best mortgage deal we could get. Who Wouldn’t Take an Adjustable Rate Mortgage? Because [more...]

Date: 2008-10-30 13:35:53

Take Control of Your Finances Part 1-B: Take an Inventory

An acquaintance of mine formerly owned a store that sells “country” products like hand-crafted wood furniture, candles, ... much did you buy it for or how much do you think it’s worth now? Mortgage: Are you paying off ... ? Credit cards: If you have credit cards and don’t pay the balances in full each month [more...]

Date: 2008-11-11 13:30:47

The truth about home down payments...right now

Filed under: Real EstateWith all the talk about the credit crunch and tough housing market, ... to get a mortgage. While it's true that credit score requirements are higher than ever -- somewhere north ... to get an FHA loan with a weaker credit score than you would need for traditional Fannie and Freddie [more...]

Date: 2009-01-02 23:30:00

Gonna Bailout Party Like It’s 1999

Well, what’s next with the government bailout that was going to save our bacon? ... , that's 1999 : Fannie Mae Eases Credit to Aid Mortgage Lending. “In a move that could help increase home ... the credit requirements on loans that it will purchase from banks and other lenders. The action, which [more...]

Date: 2008-12-24 11:50:39

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

BofA bailout puts Merrill defections in context

Bank of America Corp ... the fray and mostly unscathed by the mortgage meltdown and subsequent credit crisis, having not traded too heavily in toxic mortgage debt and leverage loans. However, by taking on Merrill, which [more...]

Date: 2009-01-16 19:07:07


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

More Trouble Ahead

by hilzoy From the Washington Post: "Consumers are increasingly unable to pay off their credit cards, ... credit, the latest downturn to whack Americans after the housing slump and mortgage meltdown ... a spike in credit card loans going bad, putting further pressure on already-stressed balance sheets [more...]

Date: 2008-10-22 02:21:35

Secured vs. Unsecured Debt

credit card In speaking to a friend recently about credit cards, mortgages, and personal finance, ... to back it, so the creditor can only attack your credit score and not your home. There are secured credit cards, where you pay a specific amount up front to the creditor, for instance, $500 [more...]

Date: 2009-01-14 12:29:37

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

It's Free, It's Fun, It's Your Credit Report?

credit report When considering buying a home, let's say in Robbinsville, New Jersey, ... ... work and know the system. Here are a few tips & quips: * Get a copy of your Credit Report ... , credit modules differ within industries.  For example, the credit report a mortgage company pulls [more...]

Date: 2009-01-15 23:21:25

Over 50% of Mortgage Mods Fail Within 6 Months

The stock market is staging a very peppy rally on the hopes for the Obama infrastructure plan and the auto bailout, ... recent mortgage reports,” Dugan said. “Credit quality continued to decline across the board ... . We have long advocated mortgage modifications as a remedy that banks used fairly freely in the stone ages [more...]

Date: 2008-12-08 17:21:49

Strategic Defaults

The L.A. Times’ Ken Harney wrote this article on the study of homeowners with good credit histories intentionally defaulting on their mortgage: http://www.latimes.com/classified/realestate/news/la-fi-harney20-2009sep20,0,2560658.story An excerpt: * Strategic defaults are heavily concentrated in negative-equity markets where home values zoomed during the boom and have cratered since 2006. In California last year, the number of strategic defaults was 68 times higher than it was in 2005. [more...]

Date: 2009-09-30 20:43:25

Three Ways to Know When the Credit Crisis Hits Bottom

There is a growing body of data that suggests banks have recognized only a fraction of the overall potential losses - approximately $50 billion to ... t include the additional losses from secondary-prime mortgage loans, auto loans, credit card balances, student loans and the other credit-related flotsam and jetsam floating around in the debt markets [more...]

Date: 2008-12-08 13:42:23

Does God want Joel Osteen to be rich?

One of my least favorite people - now poised to become even wealthier by profiting from those experiencing more hardship: [ ... us? Who will lift us up from crushing credit-card debt and resetting mortgage payments and impending foreclosure ... ordered. Unemployment they know; they don't need to wait for the Bureau of Labor Statistics to publish [more...]

Date: 2008-08-11 21:58:45

Save Thousands By Negotiating Your Loan Rate With Your Mortgage Lender

My wife and I have recently applied and been pre-approved for our first mortgage.  We are moving to a new state this winter ... , application fee, and credit report costs, but these costs are separately listed in most closing cost ... and actually flourished during the current credit crisis and subprime mortgage mess.  We were offered [more...]

Date: 2008-11-20 13:45:27

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

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