Small Commercial Mortgages - Current Options

Small Commercial Mortgages - Current Options Posted by Dark Spider at January 4, ... fixed with 20 year amortization type loan structures. For example, there are still banks and lenders ... and can be more work than larger commercial loan request, with the bigger pay day. So if you’re [more...]

Date: 2009-01-04 12:07:27

Blog posts (71) | Videos (126)
 

Federal Home Loan Bank of Seattle Suspends Dividend

The FHLBs are probably about to become a huge story. From Bloomberg: Seattle FHLB Likely Short of Capital on Mortgage Debt (hat tip Brian) ... and “excess” stock repurchases, after the declining value of mortgage bonds likely led ... with the U.S. Securities and Exchange Commission today. ... The FHLB system has $1.25 trillion of debt, making [more...]

Date: 2009-01-13 16:19:46

Tips for Mortgage Refinancing and Debt Consolidation

Many people discover that their credit card debt is out of control when they get their monthly bank statement ... your balance over-the-limit fees. It’s time to consider debt consolidation to save your money - credit card balance transfer, home equity loan or mortgage refinancing. One of the best ways to obtain [more...]

Date: 2009-01-08 03:48:15

AIG (AIG): Recycling Debt Without Paying Anyone Back

AIG is ready to repay the Fed $40 billion. The money will come from preferred shares it raised with backing from Treasury ... has funded. Banks may still face substantial write-offs from consumer debt and their exposure to mortgage ... the value of their own loans. The only answer???more money. Cure the default by risking another one down [more...]

Date: 2008-11-26 11:01:31

ACORN, Obama, and the BANKING MELTDOWN

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

The banks change their tune on mortgage cramdowns. It's about time

In what strikes me as a pretty major change of heart, ... of the loan, or any combination of the three. "Cramdown" refers to the ability of judges to lower ... and Columbia economics graduate student Joshua Goodman gathered this evidence recently by taking advantage [more...]

Date: 2009-01-08 21:19:08

All Your Home Loans Are Belong To Us To Boost Liquidity

"The Federal Reserve Bank of New York started buying mortgage-backed securities today as part of a $500 billion program to support the U.S ... . housing market." ∙ New York Fed Begins Purchases of Agency Mortgage Debt Bloomberg ... [more...]

Date: 2009-01-05 15:05:08

How an excessively low valuation can leave you feeling really down

Long-time homeowners coming to the end of mortgage deals are being forced to take more expensive loans than they had planned for because of ... is that remortgaging homeowners who mistakenly bank on high levels of equity are instead having to take ... to those with at least 25% equity in their home. Sellers counting on an inflated selling price to help [more...]

Date: 2008-12-21 00:04:09

By Saying Yes, WaMu Built Empire on Shaky Loans

As a supervisor at a Washington Mutual mortgage processing center, John D. Parsons was accustomed to seeing baby sitters claiming salaries worthy of college presidents, and schoolteachers with incomes rivaling stockbrokers’. He rarely questioned them. A real estate frenzy was under way and WaMu, as his bank was known, was all about saying yes. [more...]

Date: 2008-12-28 04:44:56

OBAMA HYPOCRISY---> Ex-Subprime Bank Executive Finances Campaign

Senator Obama constantly rails against those banks that pursued the deadly strategy of Subprime loans. His website says: Ensure More Accountability in the Subprime Mortgage Industry: Obama has been closely monitoring the subprime mortgage situation for years, [more...]

Date: 2008-10-29 03:55:06

VA Home Loans With 100% Financing For Veterans and Active Military Members

I thought it would be prudent to discus some of the outstanding benefits of the VA Home loan program at the time when the banks in our country are going through an exceptionally difficult time thereby, hindering numerous home buyers from obtaining mortgage financing without perfect credit and a down payment. Currently the VA home ... [more...]

Date: 2008-11-24 19:00:03

The Big Bank Job: The Insanity of the $700 Billion Giveaway by Michael Hudson

Dandelion Salad Sent to me by Jason Miller from Thomas Paine’s Corner. Thanks, Jason ... will get rid of their bad mortgages, and also their bad car loans, furniture time payments, credit-card loans [more...]

Date: 2008-09-28 10:05:07

Democratic Rep. Won't Subpoena BofA Over Records That Could Damage Him

California Republican Representative Darrell Issa is another public figure hot on Bank of America's tail. And this time it doesn't have anything to do with the Merrill acquisition, which is what most folks are concerned with. His concern is Countrywide's old and controversial "VIP" program, which channeled sweetheart loans to influential figures.  Issa is looking to subpoena the bank to see if there are recordings between Countrywide and some of the politicians who may have received the mortgages. [more...]

Date: 2009-09-28 09:48:00

Deficit spending and foreign policy independence

El Borak has a post talking about how the Chinese might not even have the money to loan us $1T for Obama's stimulus proposal, ... debt, they gain leverage over Congress and the President similar to the way that a bank has leverage over someone who took out a mortgage through them. While China may not go to war to collect that money [more...]

Date: 2009-01-12 12:07:39

Minimum FICO Scores are Increasing

Minimum FICO Scores are Increasing January 13th, 2009 One of our major Banks announced that effective this week they will be charging more for ... , mortgages, no, payment, scores, usda, VA, veterans Posted in About Scores and Credit, Loan [more...]

Date: 2009-01-13 16:35:19

Are Mortgage Brokers An Endangered Species?

By all accounts it seems the banking lobby will get everything they’ve been ask for from Congress over the past decade and in do so may legislate ... originations carving out a whopping 80% of the retail loan applications. Brokers quickly picked [more...]

Date: 2008-07-13 16:03:14

European Central Bank cuts key rate to 2% - MarketWatch

England and no interest loans, I think they just got a bit closer to that. But remember, it’s not going to happen in the United States! Tom Post from: Straight Talk About Mortgages and Real Estate [more...]

Date: 2009-01-15 13:30:24

Mortgage rates slide under 5%

Rates on 30-year fixed-rate loans fell across the country for the week ended Thursday to an average of 4 ... Altman, a partner with WestCal Mortgage Corp. in Orange, said homebuyers with good credit and a 20% down ... brokers; could lay off 100 Bad bank assets must be dealt with, Fed chief says O.C. distressed homes [more...]

Date: 2009-01-15 22:02:07

Study More About Hunting For A New Mortgage Is Much Harder Today Than Last Year.

Hunting For A Remortgage Is Much Harder Today Than 12 Months Ago ... a bank willing to give you 90% of the property value as a loan. And in a lot of cases, even securing [more...]

Date: 2009-01-06 14:28:15

The Idea That Banks Aren’t Lending Anymore Is Ridiculous

One of the worst parts of being a money manager is that in order to stay on top of financial news one should really have CNBC on in the office ... , JPM’s total consumer loans rose by 2% or $10 billion, to $483 billion, between September 30th ... , given that the sub-prime mortgage crisis [more...]

Date: 2009-01-15 21:03:04

Small Business Administration - Financial Assistance

Our Fast Business Loan, unlike traditional bank loans, has less stringent requirements, faster approval, and no closing cost or fees ... Loans Business Loans Debt Consolidation Services Mortgage Loans Personal Loans Student Loans ... or for investment.Still, some investors in distressed debt, that a sign of a softening economy.That means every [more...]

Date: 2009-01-13 05:40:15

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