Apply For Personal Loans Online For A Quick Response
The following article covers a topic that has recently moved to center stage–at least it seems that way. If you’ve been thinking you need to know more about high risk loans and personal loans, here’s your opportunity. Banks are the most common choice for people to get loans. This might be convenient for most people, but generally not the best option. Bankruptcy is as much deserving of a personal loan for refinancing, consolidation of debts, mortgaging or any kind of personal loans. [more...]
Date: 2009-09-08 18:13:18
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Fannie, Freddie, now FHLBs?
Some other banks are encountering difficulties today -- namely the Federal Home Loan Banks, one of the biggest providers of funding for US mortgages. From Bloomberg: The Federal Home Loan Bank of Seattle said it will suspend dividends and "excess" stock repurchases, becoming the second of the government-chartered lending cooperatives to say [more...]
Date: 2009-01-14 12:35:34
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% ... the “flow” of mortgage loans. The big banks, like B of A, Citi, and Wells, loan direct or buy loans ... t have the horses to ride since they laid off so many workers in 2008. 2- Greed: Lenders typically made a loan [more...]
Date: 2009-01-14 06:35:15
RealtyTrac Foreclosure Activity Report Released: Laws and Programs to Prevent Foreclosures Ineffective
Irvine, California-based online real estate company, RealtyTrac, ... on "cramdown" legislation affecting bankruptcy judges' powers regarding mortgage loan modifications ... percent in 2008 Bankruptcy Cramdown Mortgage Loan Modification? Key Banks Approve Possible Legislation [more...]
Date: 2009-01-15 22:24:28
Making Money From Foreclosures
My neighbors, clients and friends have been good about sharing some of their mail with me when they have a question about it ... mortgage payment and a fee of $200 dollars to renegotiate home mortgage loans with banks. He said ... with the person who answered the phone. When he asked if I was late on my mortgage payments I said [more...]
Date: 2009-01-14 21:06:05
Oh My
-by the Mysterious Flying Miser From Bloomberg : “BlackRock Inc. Chairman Laurence Fink said Obama administration programs to help homeowners stave off foreclosure may hinder the recovery of the mortgage market while benefiting banks that own second loans on the properties. ‘I am just very worried,’ Fink said yesterday in an interview in New York. [more...]
Date: 2009-09-21 16:56:29
Peter Schiff vs Connie Fogal : Tarvitsemme lisää säästämistä ?
RussiaToday haastattelee.Peter Schiff oli yksi Ron Paul-kampanjan taloudellisista neuvonantajista - ja ilmeisesti Itävaltalaiskoulun yli-innokas ... (credit supply) of 800 billion dollars. Therefore, the debt owing is three times larger than the amount ... billion) is credit created by the major chartered banks as loans (mortgages, credit card loans [more...]
Date: 2009-01-13 13:04:00
Government Share of Mortgage Apps Soars
"The latest proof of the government’s growing influence in the mortgage banking sector came Tuesday morning from the Mortgage Bankers Association, ... for government-insured loans — primarily borrowers looking to apply for an FHA-eligible loan, although VA loans are included in the total as well — compared to 10.3 percent one year ago." [more...]
Date: 2008-11-25 19:47:43
Someone at Credit Suisse has a wicked sense of humor
It really is a thing of beauty (via Bloomberg): Credit Suisse Group AG's investment bank has found a new way to reduce the risk of losses from ... bonuses. The bank will use leveraged loans and commercial mortgage- backed debt, some of the securities ... compensation packages, people familiar with the matter said. The new policy applies only to managin [more...]
Date: 2008-12-18 22:08:35
How Online Car Title Loans Work
There are many different kinds of collateral personal loans; even your mortgage is technically considered a collateral loan because the home you buy with the mortgage loan can be taken back if you fail to pay the bank [more...]
Date: 2009-09-29 08:10:48
Jumbo Prime ‘Walk Away’ Loans - More Downgrades Coming
Mr Mortgage is a 20-year mortgage banking veteran, specializing in wholesale and correspondent sales and sales/operations management and bringing financial institutions into new lending markets. His primary focus was upon Agency, Jumbo, Alt-A and FHA insured residential mortgages [more...]
Date: 2008-12-10 16:51:11
How to Deleverage Balance Sheets
Bouncing around trading desks: Credit Suisse is using a novel approach to deleverage its balance sheet…using its illiquid assets to pay bonuses; ... its real! Credit Suisse Group AG’s investment bank has found a new way to reduce the risk of losses ... bonuses. The bank will use leveraged loans and commercial mortgage- backed debt [more...]
Date: 2008-12-18 19:00:02
US Interest Rates Zero to 0.25% and soon 4.5% US mortgages
Hale Bonddad Steward at Huffington Post has a lot of charts that show the bad financial situation ... to refinance a mortgage at 4.5%. The Fed and the Treasury appear ready to start buying up large quantities of securities -- government debt, mortgages, commercial loans, even stocks -- from banks [more...]
Date: 2008-12-16 20:29:22
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
Government Share of Mortgage Apps Soars: Report
The latest proof of the government’s growing influence in the mortgage banking sector came Tuesday morning from the Mortgage Bankers Association, ... for government-insured loans — primarily borrowers looking to apply for an FHA-eligible loan, although VA loans are included ... [more...]
Date: 2008-11-25 17:11:08
Study: Americans Overwhelmingly Demand Simple Communications
Siegel+Gale recently completed a year long study of 1,214 American homeowners and investors that shows huge demand for simple, ... in the current financial crisis. Moreover, 63% of those surveyed feel that “banks, mortgage lenders ... interest in taking out a loan, and a 63% increased interest in applying for a credit card [more...]
Date: 2009-01-14 17:11:03
The Challenge Is Prices Got Stupid
The Daily Astorian reports from Oregon. “An increasing number of homeowners in Clatsop County are falling behind on their mortgage payments and ... Joe Schulte, VP of Compass Community Bank in Seaside, said subprime loan programs were available ... as the loan criteria change each day. ‘Loan officers have to be ahead of the curve,’ he said. ‘There’ [more...]
Date: 2008-10-07 17:26:52
Why Mortgage Calculators Can Be Useful For Comparing Loans
by Katherine Mclaren Are you looking for some inside information on the formulas used to calculate mortgage payments? Here’s an up-to-date report from experts who should know about free mortgage calculators. Mortgage calculators can be found on a numerous websites. Lots of these websites are run by banks and mortgage lenders and others are run by those who just wish to provide internet users with helpful information. [more...]
Date: 2009-09-25 21:33:49
Interest Rates Drop Again…
Everyone keeps saying that it’s the perfect time to buy, home values are dropping, rates are low, the time is now. I have people that call every week for mortgage rates, they keep hoping the rates will continue to drop. Remember, banks make money off loans, there is a point where banks cannot lower rates any [more...]
Date: 2009-01-16 01:53:45
When you should use a credit repair agency.
Credit has become a very important part of peoples live in todays age. If you have bad credit you are familiar with having closed doors to loans, bank cards, credit cards, car financing and mortgages. Now all is not lost and you have the option to start fixing your credit. [more...]
Date: 2009-09-29 18:23:10
When you should use a credit repair agency.
Credit has become a very important part of peoples live in todays age. If you have bad credit you are familiar with having closed doors to loans, bank cards, credit cards, car financing and mortgages. Now all is not lost and you have the option to start fixing your credit. [more...]
Date: 2009-09-29 18:23:10
CountryWide Mortgage - Tales from the Crypt
This story just goes to show how messed up the entire mortgage industry is. Even after being bailed out by the tax payers (through Bank of America), this slimy and very irresponsible mortgage company just does not know when to just stop their crap. From MSNBC News: Defending lawsuit, mortgage company mocks loan modification assurances… [more...]
Date: 2009-01-15 19:58:06
President-Elect Barack Obama's $40 billion Handout Bailout to Internet Providers
1934 1 .jpg President-Elect Barack Obama is planning to send up to $40 billion in grants and loans bailout funds toward improving broadband ... before with the Community Reinvestment Act forcing banks to give mortgage loans to risky [more...]
Date: 2009-01-15 22:30:20
Home Prices May Be Nearing Bottom, Bank Equities to Follow?
I remain optimistic that housing is nearing a bottom ... traffic. Add to the fall in prices, the recent sharp reduction in 15 and 30 year mortgage interest rates ... news about loan losses. In my judgment, most banks in the US have been trying to get out ahead [more...]
Date: 2009-01-14 07:24:00
Explaining The CRUNCH In Mortgage Land
A: Yves Smith's blog Naked Capitalism points me to a great chart on Econbrowser showing the dramatic retrenchment of securitizing mortgage loans. This death of securitized mortgages, as Yves calls it, explains why our housing market is in the shape it's in and one reason why banks balance sheets continue to be crunched! [more...]
Date: 2008-06-29 13:40:34
Bailout Gets More Costly Due to “Bipartisan” Deal; Foolish Limits on Foreclosure Should Be Removed
Liberal Congressional leaders have apparently reached a deal with the Bush Administration on the principal elements of a $700 billion bailout of the ... student loans, car loans, credit card debt and any other ‘troubled’ assets held by banks.” ... have stuck taxpayers with 100 percent of all losses on any bad loan or mortgage, but not the profits [more...]
Date: 2008-09-28 20:34:55
?Countrywide VA Foreclosure
If you’re looking for a home at a bargain price, you may want to consider a Countrywide VA Foreclosure ... from the bank or lending institution, but the VA guarantees the loan. In spite of this, many ... loans, lines of credit and more. They are also the lender that handles more VA mortgage loans than any [more...]
Date: 2009-01-14 06:17:02
Bad credit mortgages
by Mary Bush A bad credit loan mortgage is a way of purchasing a house, even with a poor credit score ... Consolidation News Best Tips to Manage and Eliminate your Credit Card Debt ... interesting residential property acquisition program. No credit is needed, no banks are involved, and most [more...]
Date: 2008-12-22 16:39:25
The Saver vs. The Spender
#fullpost{display:inline;}The post-Lehman days saw a jump in home re-possessions by the banks after many defaulted on their mortgages ... and a car loan, she would not be able to keep up with the payments if she's asked to leave.With the days [more...]
Date: 2009-01-15 12:10:00
How To File for Bankruptcy If You Are An Individual
Here is a quick guide to how to file for bankruptcy if you are an individual. - Contact a reliable bankruptcy attorney . - Bring along all your financial papers including outstanding bills, bank statements,paycheck stubs from the most recent six months, copies of mortgages and car loans and tax returns to your first meeting with your bankruptcy attorney. - Your bankruptcy paperwork, called a petition, must list every debt you currently owe. [more...]
Date: 2009-09-26 14:22:34
Acquisitions Continue: Citi Buys Wachovia
October 3 update: Wells Fargo has stepped in and placed a better offer for Wachovia. Wachovia is my main brick-and-mortar bank ... against your stock gains for tax purposes. Wachovia mortgages and student loans will become Citi’s assets ... : ...Wachovia to Start Charging for Direct Access to Quicken: ...Wachovia Reaches for More Auto Loan [more...]
Date: 2008-10-01 12:00:26
Beneficial Finance - Mortgage Review
Beneficial Finance, does personal, auto, and mortgage lending as a retail subsidiary of mega-bank parent HSBC Group (NYSE: HBC) ... of Beneficial Finance should be avoided. They are big pushers of credit cards, home equity loans, and debt consolidation mortgages. You can’t expect much better being a subsidiary of HSBC Mortgage [more...]
Date: 2009-01-14 22:05:31
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
Pay Option ARMs - The Implosion Is Still Coming Despite Low Rates
Mr Mortgage is a 20-year mortgage banking veteran, specializing in wholesale and correspondent sales and sales/operations management and bringing ... . The broad failure of this loan type will have severe consequences on already depressed CA real [more...]
Date: 2008-12-24 14:00:38
The Very Flawed Weekly Mortgage Applications Survey
Mr Mortgage is a 20-year mortgage banking veteran, specializing in wholesale and correspondent sales and sales/operations management and bringing ... survey. In the past, this has been a decent measure of future refi and purchase loan fundings [more...]
Date: 2009-01-06 16:59:36
Rain City Mortgage Rates
Just a reminder that next Thursday is Thanksgiving and banks will be closed. Our office will be closed until Monday, December 1, 2008 ... a mortgage with loan amounts of $417,001-$567,500 by the end of the year, please check ... that segment in advance of new loan limits. It’s an odd limbo time for lenders as they try to wrap [more...]
Date: 2008-11-21 22:37:18
Mortgage refinancing skyrockets
With U.S. mortgage rates the lowest in 30 years, local lenders say they’ve seen a strong surge in loan applications as homeowners seek to refinance their mortgages in Greater Cincinnati and Northern Kentucky. From the largest commercial banks ... percent for a 30-year, fixed-rate mortgage with no points, according to data from the Cincinnati [more...]
Date: 2009-01-06 06:58:34
When Banks Increase Profits In A Falling Market
While we have all seen the headlines about debt problems in the UK, falling house prices, etc, you would have thought that the banks would be struggling to make money. Think again! The only real way in which banks can lose money, from their traditional banking operations, is by writing off bad debts. You may find this a little curious because surely as interest rates fall, their profit from each loan, each mortgage and other instruments will fall – not always. [more...]
Date: 2009-09-25 02:04:09
Appraisals
Many sellers think that the price of their home is determined solely by what they are willing to accept and what the buyer is willing to pay ... that a bank loan is involved — the lender’s appraisal. To protect the interest of their investors, the buyer’s mortgage lender hires a licensed appraiser to give an independent, objective opinion [more...]
Date: 2009-01-16 01:05:51
100% Home Loan Financing – Bend your muscles
Listen with the current "mortgage meltdown" we are so much about that day, your average consumer thinks that the days of the 100% financing have gone by the wayside. It's true, you are hard pressed these days to a bank or lender who want to carry a second mortgage will find that adding combined with a first mortgage, financed at 100%. This is because if there is a standard, sit in second lien position is particularly risky. Too much risk is involved. [more...]
Date: 2009-09-19 11:52:46
Whither Citigroup's $1.1 Trillion of Off Balance Sheet Assets?
It seems so long ago that the Treasury's failed effort to organize an SIV bail-out entity, the MLEC, ... Depression and rising home-loan, commercial-mortgage and credit-card delinquencies have begun to trigger ... U.S. banks, including Citigroup, are on the hook for at least $300 billion of credit and liquidity [more...]
Date: 2008-07-14 11:37:49
Wall Street bailout plan to include more than bad mortgage debt: Feds to absorb unpaid bar bets, inadvertently laundered postage stamps, unredeemed soda cans and insufficient tooth-fairy disbursements
Totally absurd? Think twice: In the dark of night over the weekend when most people were snoozing, the Treasury dramatically expanded its bailout plan to include buying student loans, car loans ... in draft language that also opened the bailout program to foreign banks with extensive loan operations [more...]
Date: 2008-09-23 06:05:06
FICO Expands Availability of Credit Score
Imagine if you could log onto your online banking account and click on a feature that not only tells you your exact credit score for free each month, ... of credit decisions each year, including more than 75 percent of U.S. mortgage loan originations”), “Scores ... Campbell, chief operating officer at Fair Isaac. Typically, customers will see the same [more...]
Date: 2009-01-15 20:01:41
BofA Needs to Cut its Dividend
BofA Needs to Cut its Dividend Posted by: Matthew Goldstein on January 15 Bank of America reportedly needs billions of dollars in additional federal ... mortgage-backed securities and ailing consumer loans. In taking over Citi and winding down ... to expend much money—allowing the government to direct more money to banks with healthier balance sheets [more...]
Date: 2009-01-15 13:37:00
Looking For a Loan?
Last week Fannie Mae and Freddie Mac, two of the largest mortgage supporters, ... the Stafford Student Loan, can be used for anything from books to tuition to housing. Rising gas prices make ... about our loan system. Freddie and Fannie were created by the government to make it easier for banks [more...]
Date: 2008-07-21 13:26:00
I know how to spend stimulus
[ The sign for a Citibank bank branch and a street sign are seen in Cambridge, Massachusetts November 24, 2008. The U.S ... to the taxpayers. It's great that some people were able to save or pay down debt. As far as blowing it on gas ... . This time the amount should be higher to allow us to pay off our debts, mortgages and loans. This would [more...]
Date: 2008-12-01 16:48:13
Robert Rubin Resigns As Citigroup Adviser
NEW YORK — Officials at the embattled banks Citigroup and Morgan Stanley will negotiate over the weekend about possibly combining their wealth ... in mortgages and other loans. The company has reported four straight quarters of losses ... backstop for up to $306 billion in loans and securities [more...]
Date: 2009-01-10 09:15:20
Get Your Bailout With Two Easy Pages
So just how tough is it for a bank to apply for a bailout? Not very: WASHINGTON - Ever need a college loan? ... the five-page Uniform Residential Loan Application. But what if you’re a bank looking for a few ... bailout plan in need of more accountability and oversight. "When student lenders and mortgage [more...]
Date: 2008-12-16 07:24:55
Seattle FHLB Likely Short of Capital on Mortgage Debt (Update3)
By Jody Shenn Jan. 13 (Bloomberg) -- The Federal Home Loan Bank of Seattle said it will suspend dividends and “excess” stock repurchases, ... of about $1 trillion in financing for Citigroup Inc., JPMorgan Chase & Co. and other companies [more...]
Date: 2009-01-13 21:23:00
Sign Up For Online Banking - Now What?
A crucial reward of onling banking is the fact that you can construct your account to do payment automactically for some of your bills when they are due. Such payment may include utility bill payment, student loan, mortgage payment, etc. Pretty much all you have to perform is to set up the system and forget ... [more...]
Date: 2008-10-08 05:35:24
