State AGs to Obama: Curb Federal Pre-Emption
The number one legal priority for business, we've been hearing for the last few years, is federal pre-emption ... is especially important, the paper states, as legislation is crafted to handle the credit crisis ... banking laws "contributed significantly to the ongoing mortgage and credit disasters at the heart [more...]
Date: 2009-01-13 21:24:42
Blog posts
(467)
|
Videos
(194)
Kennedy Refuses To Disclose Finances
Extremely wealthy and of famous pedigree, the Kennedy who wants to replace Hillary Clinton in the U.S ... , publicly available report disclosing her financial assets, credit card debts, mortgages, book deals ... , who has no political experience, wants more special treatment as she tries to slip into the U.S. Senate without even [more...]
Date: 2008-12-23 15:12:47
Citibank Cuts Back To Serve Only Rich People, Large CIties [Banks]
True to its name, we suppose, Citibank will be focusing on six major U.S. metropolitan areas and on wealthy customers, and not the rest of us deadbeats. Citigroup, the third-largest U.S. bank behind Bank of America Corp and JPMorgan Chase & Co, also plans to limit its consumer lending business in the United States primarily to credit cards and "jumbo" mortgages, catering largely to affluent customers, the Journal said. [more...]
Date: 2009-09-26 20:00:10
Wall Street bailout: Congress 'must move'
by Mark Silva With leaders of both Democratic and Republican House ranks blaming each other for the initial failure of a $700-billion federal ... if the government does not act to unlock financial markets frozen by bad mortgage debt threatening a credit crunch at every level of the economy, threatening everything from home loans to car loans [more...]
Date: 2008-09-29 21:35:44
Weekend Conspiracy Theory - Can You Stomach It?
A: Are we all just pawns in a bigger chess game? I'm not one to buy into conspiracies, but this read is just too crazy, given what we know of today's credit/financial crisis and how it has evolved from dynamics/products such as counterparty risk, credit default swaps, complex derivatives - mortgage backed securities [more...]
Date: 2008-10-18 22:54:48
The Warning Signs Were There
Everyone knew that this was a possibility, but everyone - Democrats and Republicans - went along with the idea, ... those banks to extend home mortgages to individuals whose credit is generally not good enough ... more loans to so-called subprime borrowers. These borrowers whose incomes, credit ratings and savings [more...]
Date: 2008-09-26 12:45:00
Does The Most Common Refinance Problem Have A Solution?
What is the problem? It’s the shrinking value of your little bungalow ... . They have a 6.25% mortgage rate. They still have good credit, the same employment, and want to lower ... on your mortgage payment is a good thing. Check with us or a trusted loan officer to determine [more...]
Date: 2009-01-06 15:57:19
Eleven?
That's the number of questions Caroline Kennedy has answered in her pursuit to secure Hillary Clinton's seat, ... for election to the Senate, Ms. 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 [more...]
Date: 2008-12-23 17:17:00
Broker/Owner Steve Keefe Conducts "Short Sale" Training
Steven Keefe, Broker/Owner Coldwell Banker Sky Ridge Realty Arrowhead Home Loans, Inc. www.mountainmoves ... ramifications, but in my opinion, I would rather have a settled mortgage on my credit report than ... have a clue how to do it. This can be a dangerous proposition for the parties involved [more...]
Date: 2009-01-16 22:53:41
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
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
Mortgages In Arizona For Canadian Citizens Still Available
This week, we were asked by a few people whether or not it was still possible for a Canadian citizen to get financing on an investment property in ... 75% Loan-to-Value International credit report required Verification of mortgage history on primary ... bank statements Picture ID (Drivers license, coy of passport) If self employed, last 2 years Canadian [more...]
Date: 2008-10-17 03:46:05
De-leveraging the Children of Wall Street
submitted by James Baker Welch, VP of Rothschild Investments One of the most stunning facts of the 2008 Financial Melt-down has been the wholesale ... regulatory agencies to determine if the institution has met the credit needs of its entire community. 1 The CRA began to compel banks to underwrite less credit-worthy mortgage loans in order [more...]
Date: 2009-01-15 15:40:18
Sleeping With the Enemy: The Retirement of Special Agent Bill Kowalski
By Debbie Schlussel This past Friday, the FBI celebrated its 100th birthday. As I noted then, it's not cause for celebration ... officials why her husband was in jail because of "credit card problems." She said he was arrested after ... --both Elahi congregants--were later indicted for credit card, bank, and mortgage fraud in a scheme [more...]
Date: 2008-07-30 18:37:13
Key an Eye on Your Mortgage Payments
In previous decades, when a borrower missed a payment on a mortgage, ... pressure on slow payers. Under new rules, a mortgage lender can ding your credit report every month ... as a check getting lost in the mail. Or it could be a symptom of a bigger problem like a divorce [more...]
Date: 2009-01-11 21:31:36
The Gasoline Tax And The Renaissance Of The Bicycle
With the rise of the US automobile industry, the bicycle almost disappeared as a means of transportation in America ... -guzzling ways." It's better to use the money for mortgage payments, credit card debt, or a rainy day ... American public roads in good repair. They determined that the deficit between revenue and expense [more...]
Date: 2009-01-02 00:31:42
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
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
Get Out of Debt Fast With The Ultimate Debt Guide
by Ash Ford The Ultimate Debt Guide is a system that uncovers how you can become debt free without signing up to a long-term debt relief plan or ... into debt and be overwhelmed with credit cards, loans, mortgages, car payments etc. Discovering a way ... . What are you looking for? Is it authoritative information on debt consolidation? debt consolidation [more...]
Date: 2009-01-15 02:49:47
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
Economic Diffusion Works
Get out of your feed reader and comment on this post- we PROMISE that the ShamWow guy won\'t pop out when you do.. ... or limited credit. Fannie Mae and Freddie Mac maintained the bulk of the rest of the mortgage market. A borrower needed good credit and at least a 3%-5% down payment (or equity) to secure a mortgage [more...]
Date: 2008-12-14 16:16:41
Paycards
For employees not wishing to receive a check (because of problems of encashment or security), several banks offer payroll ATM cards ... about the mechanics of the program. Companies can require direct deposit as a condition of employment ... s free checking, discounted mortgage or home loans, free credit card programs, or other promotions [more...]
Date: 2008-12-30 07:29:01
The loan money i$ out there…….
Qualifying for a mortgage is not nearly as easy these days as it was just a couple of years ago, ... . All of us can get copies of their credit reports from each of the three major reporting companies at no charge ... before the subprime-loan-market collapse and the worldwide credit freeze. Still, mortgages [more...]
Date: 2009-01-15 17:02:23
Bank Failures in the Hundreds a Possibilty in 2009
Eatin’ my lunch, reading up on my economic news, and this caused me to spray yogurt on my monitor: But banks will fail, ... , some are still burdened by huge losses suffered in the collapse of the subprime mortgage market as well as credit issues fed by consumer weakness during the recession. That little gem comes courtesy [more...]
Date: 2009-01-15 17:47:26
Queen Caroline
Gag...Nobility cannot be bothered with the rules and customs of the little people: If she were applying to be, say, ... a 10-part, publicly available report disclosing her financial assets, credit card debts, mortgages ... Michelle MalkinAh, Obama's Washington... 'tis a silly place: [more...]
Date: 2008-12-23 16:59:00
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
Camdenton Mortgage Market Update: Jan 14
In this week’s radio broadcast, Andrew Conner talks about the possible risk of identity theft arising from the sharing of your mortgage and loan ... Credit Reporting Industry; or call 888-567-8688. This is a permitted re-broadcasting of a radio ... activity by the credit bureaus….. and how to opt out. Click here to view the embedded video [more...]
Date: 2009-01-15 01:01:53
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
Dicing With Debt
Dicing With Debt Posted in January 15th, 2009 Category:Debt Relief Britons are taking on record levels of mortgage and credit card debt, with figures released last year showing that UK personal debts far out weigh that of our European neighbours. For those in need of help with financial problems then the Citizens Advice Bureau [more...]
Date: 2009-01-15 07:42:47
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
Improve Your Credit Score - Determine Your Creditworthiness
Sure, the economy may be flailing, but learning to preserve and maintain your creditworthiness and improve your credit score is still extremely important. If you’ve spent any time watching or reading the news, you’re aware that bad mortgages obtained with faulty credit lending practices and other flawed methods have sent the economy into a ... [more...]
Date: 2008-11-22 19:00:48
Refinancing Your Mortgage
Refinancing Your Mortgage Posted by Internet Guru at December 7, ... credit record, but you need a credit score of 720 to access the lowest interest rates. You must fully ... will buy up to $600 billion of mortgage debt. BusinessWeek’s personal finance editor Lauren Young spoke [more...]
Date: 2008-12-07 14:19:44
Washington Post Death Spiral Watch (Joe Stephens Edition)
Outsourced to Nate of FiveThirtyEight.com: FiveThirtyEight ... of the borrower. According to current rate quotes from myFICO.com, a borrower with very good credit can expect a mortgage rate about 30 basis points better than someone with pretty good credit, and a borrower [more...]
Date: 2008-07-06 19:46:28
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
No Fee Mortgages Coming Soon
Buying a home, especially for the first time, can be a daunting experience. There are endless credit checks, bank checks, employment checks, appraisals and more paperwork ... . It just isn’t possible to obtain a mortgage without a credit check or an appraisal of the property [more...]
Date: 2009-01-15 11:26:00
10 New Year Switch & Save Recommendations
With a severe recession looming, 2009 is predicted to be a tough year for most, ... with a free credit report and 30 day trial of CreditExpert and see what lenders see. Checking your Experian credit report can save you money when applying for a loan, mortgage or credit card. Get £2.50 [more...]
Date: 2009-01-09 17:14:27
Robert Samuelson Thinks the Economy is Doing Just Great
The reason some of us note that Robert Samuelson is not a relative of Paul Samuelson has to do with his tendency to write this kind of nonsense: ... slump. The back-to-back recessions of 1980 and 1981-82 (as dated by the National Bureau of Economic ... , airlines, construction, mortgage banking. The "credit squeeze" triggered by losses on "subprime [more...]
Date: 2008-07-23 16:03:48
Convert Paulson’s Last $350 Billion into Tax Holiday, says U.S. Congressman
One U.S. Congressman, Rep. Louie Gohmert (R-TX), is fighting to prevent more outrageous spending sprees by Washington with taxpayer dollars going to ... security or income tax withheld from your pay check, or if you didn’t have to pay those taxes ... go - to paying down mortgages, buying a new car, making credit card payments. The economy would [more...]
Date: 2008-12-02 21:37:55
Should You Walk Away From Your Home?
(source) Despite the struggle, most responsible homeowners don’t think twice about whether they should make the mortgage payment each month ... back from bad credit and don’t want to let your credit score sink again. Whether you choose to fight ... package. Why refinance (if you have equity) or pay the guy who wrote your original mortgage to take [more...]
Date: 2008-12-03 22:29:29
The Business of Scams - Resources
The $50 million ponzi scheme of Bernard Madoff is just the latest financial scam that has cheated those investors who would look for high returns ... are: 1. Check scams 2. Advance fee lenders 3. Mortgage Foreclosure Rescue scams 4. Illegitimate credit repair & debt negotiation services 5. Work at home and fraudulent employment opportunities [more...]
Date: 2009-01-09 17:37:36
Bailout money is never enough to save us
The remaining $350 billion is going to be thrown down the toilet along with the rest of the bailout money! There is no more American government, no checks and balances. Obama would have vetoed Congress ... Reserve. There’s a ton of credit card defaults, Alt A mortgages, and auto loan defaults crashing their way [more...]
Date: 2009-01-16 20:14:09
Deferred Interest Payment Plans Banned
I wrote on Monday about 0% APR, Same As Cash, and No Interest No Payments ... No PaymentsFinance Charge in Insurance Payment PlansPay Mortgage with Credit Card For Free ... . Upon closer reading of the final rules adopted by the federal regulators in December, I realized [more...]
Date: 2009-01-14 14:24:31
PEBO Wants AEI Libertarian Opposed to Product Bans Deciding OMB’s Health and Enviro Rules
What does the Office of Management and Budget have to do with our health and our environment? ... can write him checks? In a free market, everything's for sale. Right, Cass? For a long time ... about the mortgage crisis, credit card reform, savings for retirement, prescription drugs, health care [more...]
Date: 2009-01-11 02:00:20
Credit Scores: How Important Are They?
3 years ago, it was possible to get a mortgage even if you had "bad credit". Today, it is very, very difficult to get a mortgage unless you have at least a "good" and sometimes a "great" credit score. 7 Vote(s) [more...]
Date: 2009-09-30 18:49:52
The auto bailout saga has just begun
1. Congress bails out Detroit to the tune of $17.4 billion.And "of course", if GM gets a loan, GMAC should access Federal funds via the U.S. commercial banking system. From Bloomberg:GMAC will transfer at least 25 percent of the mortgage ... event” in ResCap credit-default swaps, GMAC said. A succession event could erode the value of those [more...]
Date: 2008-12-27 13:51:00
Asian-Pacific stocks rise on South Korea financial rescue package
Asia-Pacific stocks soared Monday after South Korea announced a package of more than $130 billion to stabilize the country's financial sector ... Bureau of Statistics said the country's growth rate slowed to 9 per cent in the third quarter ... mortgage crisis led to a credit crunch, caused financial institutions to collapse and spread around [more...]
Date: 2008-10-21 04:50:33
Australia has nationalised fund raising for Banks ~ Needham
If there is a disconnect, it is in Australia where housing prices have fallen just 5% year on year ... at the different lending regimes which prevail. In Australia and New Zealand, all home mortgage ... of guaranteeing real estate, credit card and auto loan securitization. In other words they have effectively [more...]
Date: 2009-01-16 22:29:09
My Fantasy Testimony
This weekend I typed up "draft testimony" on what caused the mortgage/financial crisis. Like anyone wants to hear it ... , depository institutions handled mortgage credit risk very differently than they do today. Back [more...]
Date: 2008-10-06 22:46:46
Gone but not forgotten
By Charlottesvillain at 12/01/2008 09:08:00 AM Readers of the excellent Calculated Risk blog will be saddened to learn that co-blogger Tanta ... Understanding the Securitization of Subprime Mortgage Credit.” Calculated Risk has posted as well here, where ... has passed. From the New York Times: The blogger Tanta, an influential voice on the mortgage [more...]
Date: 2008-12-01 14:19:17
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
51 -
100
of
467
Posts
Page:
First
| <
Preceding
|
Next
>
0
|
1
|
2
