TRD: "Lowballing Turns Predatory"

A: The Real Deal has an article out titled, "Lowballing Turns Predatory", that I would like to address ... to get a loan. As a result, bids came in fast and hard. Buyers MADE the market. Now, the macro fundamentals ... an unsustainable boom. A home is only worth what someone is willing to pay for it at a given time [more...]

Date: 2009-01-02 22:31:02

Blog posts (171) | Videos (257)
 

Swindlers Find Growing Market in Foreclosures

January 15, 2009Swindlers Find Growing Market in ForeclosuresBy JOHN LELANDAs home values across the country continue to plummet, ... desperate to avoid foreclosure.Until recently, defrauders tried to bilk homeowners out of the equity in their homes. Now, with that equity often dried up, they are presenting themselves as “foreclosure [more...]

Date: 2009-01-15 16:57:51

FHA Mortgage Insurance Fund Down 40%

Mortgage Law Central reports today on FHA’s Oversight Capability.  The House Committee on Financial Services held a hearing to look into the recent Business Week story alleging that predatory lenders are alive and well originating FHA loans. The committee listened to testimony from HUD on the approval process for FHA lenders, [more...]

Date: 2009-01-14 22:30:06

Become Familiar with Mortgage Refinance

by Madeline Hernandez Below I have mentioned some terms you may want to become familiar with to help increase your knowledge and help you become ... and Commercial Loans and Mortgage Refinance options, ARMS, Balloons etc. I was just getting started ... , the difference between Conduit and Mezzanine Loans, and so on. Most importantly, you had to find [more...]

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

Lennar sues ex-con who questions O.C. exec’s mortgage

Jaffe (Register photo) Lennar Corp. said today it added an ex-con who became a fraud detective to an existing federal lawsuit, ... since it comes on top of about $5 million in existing debt on the property. He intimates that the loan could be a “disguised kick-back” by mortgage broker Robert Venneri, possibly because Lennar [more...]

Date: 2009-01-15 01:56:17

That Feeling Is Gone

The New Haven Register reports from Connecticut. “Sen. Christopher J. Dodd, D-Conn ... . But, ‘Your system has to be functioning. It’s not a bad idea to get equity to these institutions ... to the U.S. have viewed buying a home as the ultimate benchmark of success. Between 2000 [more...]

Date: 2009-01-06 14:45:26

Is Bank of America The Next Citigroup?

Charles Darwin's theory was survival of the fittest. The Fed's policy is Survival Of The Weakest ... of America, which has been setting aside too little reserves for its own loans, Graham Fisher & Co.’ ... been so acquisitive, they find themselves with very little in tangible equity.” As Citigroup Goes To Sleep [more...]

Date: 2009-01-15 02:36:00

Rethinking The Early Mortgage Payoff

By Julie Rains The borrow-at-a-low-interest-rate-and-invest-to-get-greater-returns mentality was so embedded in our ... mortgage payoff question is: if you weren't using your money to pay off the mortgage, what would you be using the money for? Here are some alternative uses of extra cash: Pay off non-mortgage debt [more...]

Date: 2009-01-09 15:41:42

My Predictions for 2009… and What I Got Wrong in 2008

Hi Guys, Happy New Year! It’s been a while since we last caught up. I hope you are well and that you had a wonderful holiday and a very happy New Year. I was on vacation for the holidays. We had a terrific break. We took our three boys to Disney World. What a treat! We go once a year usually around President’s Day weekend [more...]

Date: 2009-01-06 21:43:37

Where is John Galt? We need him, DESPERATELY!

AFTER BAILOUT, GET OUT By DICK MORRIS Published on TheHill ... equity it may acquire in these companies as a result of these funds — to influence corporate lending ... contemplated using insurance and loans, not outright grants, to shore up endangered companies. One key [more...]

Date: 2009-01-15 19:21:25

What is a reverse mortgage?? Do I want it?

by Doc Schmyz If you have already heard the term reverse mortgage, it still sounds like a strange thing ... is so these questions can be answered. The name is somewhat misleading. A reverse mortgage is a loan ... citizen’s income. The amount depends on the homeowner’s age, equity of the house, interest rate [more...]

Date: 2009-01-10 00:52:47

How To Protect Your Home Equity Lines of Credit (HELOC) From Being Frozen: Max It Out?

When I bought our house, I considered setting up a home equity line of credit (HELOC) for primarily for emergencies ... as their primary emergency fund. However, these days with loan-to-value ratios skyrocketing and lenders ... go up significantly, you can just pay back the loan. Now, maxing out your HELOC may lower your credit [more...]

Date: 2009-01-12 11:55:11

DUF, EVR, GHL, LAZ, SNV, SQNM, PSDV, LAMR Popular Stocks

U.S. stocks traded mixed Tuesday, with the Dow Jones Industrial Average down 22 points to 9768, the Nasdaq Composite sliding 3 points to 2127 but the S&P 500 rose bellow one point to 1063.M&A activity has troughed, Collins Stewart said it started coverage of investment banks Duff & Phelps Corp. (NYSE:DUF, $19.26, -$0.29, -1.48%), Evercore Partners Inc. (NYSE:EVR, $29.60, -$0.29, -0.98%) and Greenhill & Co. (NYSE:GHL, $92.41, +$4.00, 4.52%) at hold and Lazard Ltd. (NYSE:LAZ, $42.32, +$2.37, 5.93%) at buy. [more...]

Date: 2009-09-29 19:06:22

You Can Implement your own Credit Repair

by Rob Kosberg One day you realize that you are in a serious personal financial disaster situation ... of your salary that goes for necessities such as mortgage, car loans, credit card payments, utilities, other loan ... . This is the income you can devote to reducing debt. Next, decide which loans and credit cards [more...]

Date: 2009-01-14 23:27:42

In Defense of Friction

When automobile manufacturers struggle to squeeze as many miles per gallon as possible out of their car designs, any feature of the design that impedes the forward motion of the vehicle--friction, or air resistance--is the enemy. The aim is to design a vehicle that uses every ounce of fuel to move the car forward as efficiently as possible [more...]

Date: 2009-01-14 19:18:18

That is the one question we are asked every single day.  Homeowners are confused with their options (or in some cases, their lack of options) ... is not doing the same tax relief as the federal government.  You may have a state tax liability ... the entire debt (on your first and second loans [more...]

Date: 2009-01-15 21:07:27

What The Rise And Fall In Housing Has Done

The Ventura County Star reports from California. “Thousands of Ventura County residents were pushed out of their homes last year, and many more were left hanging on by a thread — a situation exacerbated by mounting job losses. In Ventura County, December foreclosure filings surged 37 percent from November and 97 percent from a year ago, [more...]

Date: 2009-01-15 18:16:59

What 2 Things Are The Main Reasons Why Credit Card Consolidation Should Be Considered?

Amazon.de Widgets Credit card consolidation is an excellent way to improve credit card debt both by simplifying the management of your debt and the more importantly the amount you will eventually repay.Credit card consolidation will undoubtebly help if you have many credit cards and are starting to lose control of both your repayment schedules and the amount you need to pay to each card provider. [more...]

Date: 2009-09-29 11:41:23

NEWS WIRE: Uganda: Interest rates still high despite competition

Source: Daily Monitor. Original news wire here. Competition for customers and space in urban areas heightened, this year, ... by Bank of Uganda, United Bank for Africa (UBA) and Equity Bank from Kenya which bought 100 per ... shop in Kampala last year and Global Trust Bank from Nigeria. Equity’s takeover widened [more...]

Date: 2009-01-15 05:01:33

Online Car Loans

We all love the Internet. We love the convenience of online shopping because it’s fast and easy to buy anything, ... of generic auto loan brokers with websites as well. Many will claim to guarantee you the lowest ... . That is not to say that you cannot possibly find a good rate for your auto loan online [more...]

Date: 2009-01-15 23:52:41

Mortgage rates: First-time buyers are missing out on low-cost deals

Nationalised bank Northern Rock announced today it was only passing on half of last week's interest rate cut to its variable rate mortgage ... nationalised last year, is yet to announce its plans. A flurry of new low-cost home loans ... with the bank. Barclays has cut its fixed-rate mortgages to 3.79% for borrowers with 60% equity [more...]

Date: 2009-01-14 15:18:17

Is a reverse mortgage a good thing??

by Doc Schmyz If you have already heard the term reverse mortgage, it still sounds a little odd ... s age, equity of the house, interest rate on the loan, closing fees, and a few other factors ... is so these questions can be answered. The name is somewhat confusing. A reverse mortgage is a loan [more...]

Date: 2009-01-06 22:24:09

Foreclosures and Delaying the Day of Reckoning

Putting foreclosures on hold to allow time for lenders and servicers to work things out is a popular notion these days ... , the delays don’t always work, and sometimes just kick the problem down the road. And Housing Wire ... intentioned, forcing lenders to talk to homeowners won’t fix this problem. While a number [more...]

Date: 2009-01-15 11:47:08

How to use “Owner Financing” for Real Estate investing

by Doc Schmyz Owner financing often produces a winning situation for both the homeowner who is selling the property and for the buyer who is ... to help finance a real estate transaction by creating a loan for the entire purchase if they own the home outright or by creating a loan for part of the purchase price when there is already [more...]

Date: 2009-01-16 03:41:32

Reducing Debt with a Credit Card Debt Consolidation Loan

If you are finding that your credit card debt is so overwhelming it might be time to start thinking about a loan to consolidate your credit balances ... your existing debt into another form of debt. The idea behind a credit card debt consolidation loan ... to successfully use the loan for its intended purpose; becoming debt free. • Destroy all your cred [more...]

Date: 2009-01-16 00:24:26

Using Good Debt to Pay for a House, Car, or Education

Hello again! Cate here, talking, as usual, about debt. The point of my series here at QueerCents is to talk about the dangers of getting into debt ... that will produce concrete benefits to your life. The bad kind of credit card debt that I’ve talked about often ... benefit. I’ve had both kinds: Bad Debt: $5,000 credit card debt from living beyond my [more...]

Date: 2009-01-16 02:45:14

NHF claim new mortgage rescue scheme will save thousands from nightmare of repossession

A new mortgage rescue scheme which claims it will help thousands of vulnerable people from losing their homes and avoid the nightmare of ... housing associations will buy homes from people struggling to pay their mortgage at an independently ... as tenants paying an affordable rent or as owners after receiving an equity loan from a housing association [more...]

Date: 2009-01-16 00:49:43

Information On How To Profit From Pre-Foreclosure Homes

by Colon Bolden After you locate a pre-foreclosure home, you can then negotiate with the bank for a loan ... can lead to a bad deal if the previous owners stay in the home. If the homeowners insist on staying ... and have significant equity in the property, offer a partnership arrangement wherein the partnership owns [more...]

Date: 2009-01-14 21:14:08

Devise your own Credit Repair Plan

by Rob Kosberg One day you realize that you are in a serious personal financial disaster situation ... , and credit card statements, mortgage and insurance records. Locate debt worksheets on the internet ... debt. Decide which credit cards, and loans that you will pay down in order. For the first [more...]

Date: 2009-01-14 23:03:41

Net Worth: December - 2008 Ends w/ a bang, Hallelujah!

Up $4k - not a bad way to start the year, eh? I have a REALLY good feeling it's gonna be a good one, so get ready everyone - 2009 is the year of mad financial skills!!! It's also the year I finally man up and combine Mrs. Budgetsaresexy and I's finances here on the blog :) Oooooh, ahhhhh, how exciting! [more...]

Date: 2009-01-06 14:44:19

Refinancing Your Property with Less Income Then You Had When You Bought

Hello, When my husband and I bought our home 2.5 years ago (two bedroom condo) we qualified for the loan ($250,000) based on both our incomes. Then I had a baby and stopped working. We've never missed a payment or even been late, and we're getting by just fine by being frugal [more...]

Date: 2009-01-12 14:37:32

Leverage and the world in 2009

A recent article focused on satellite radio and the merger of XM and Sirius ... . Approximately $3B in debt is outstanding for the company; since they are not cash flow positive to any ... above, a rough guess would be that they would have to pay maybe 20% interest rates to roll [more...]

Date: 2009-01-06 03:29:19

Bank of America: What to Expect When You’re Expecting Merrill Lynch

For Bank of America, being a hero won’t come cheap. Bank of America officially married Merrill Lynch on New Year’s Day, culminating an engagement that began Sept. 15 when Merrill Lynch President Greg Fleming persuaded BofA to save his investment bank from a fate worse than Lehman Brothers Holdings [more...]

Date: 2009-01-02 09:07:00

Bank of America: What to Expect When You’re Expecting Merrill Lynch

For Bank of America, being a hero won’t come cheap. Bank of America officially married Merrill Lynch on New Year’s Day, culminating an engagement that began Sept. 15 when Merrill Lynch President Greg Fleming persuaded BofA to save his investment bank from a fate worse than Lehman Brothers Holdings [more...]

Date: 2009-01-02 09:07:00

How to Receive Money from Reverse Mortgage

by Mulroony Vanrock A senior gentleman called me last Friday ... we might loan on his home given it’s current value. I pulled out my supercomputer, punched ... a reverse mortgage line of credit. In this instance the mortgage company alots a loan amount. The borrower [more...]

Date: 2009-01-15 07:01:18

Refis

On the eve of the closing for my refinancing, I notice this from the W$J: ... ). Now I understand why: Only about a third of U.S. mortgage debt outstanding is likely to qualify ... Interest rates on fixed-rate mortgage loans for prime borrowers have fallen to below [more...]

Date: 2009-01-15 16:42:15

Advancements in equity release

Equity release schemes are not straightforward as they seem on the first appearance. An equity release scheme should always be chosen after taking sound professional advice.There are basically two types of equity release schemes that are the choice of majority of customers due [more...]

Date: 2009-01-16 04:11:28

Lost In A Sea Of Stark, Empty Houses And Vacant Lots

It’s Friday desk clearing time for this blogger. “Record numbers of Sonoma County homeowners are seeing property taxes fall, ... condominium development and is seeking to collect nearly $19 million of unpaid loans connected [more...]

Date: 2009-01-02 17:57:28

AFTER BAILOUT, GET OUT

AFTER BAILOUT, GET OUT Filed under: politics — Robert Farrow @ 10: ... an amendment prohibiting the federal government from using the leverage the funds give it — and any equity ... the firefighters will go home. Or will they stay on to live in the house they have just saved from the flames [more...]

Date: 2009-01-16 03:17:09

Getting help on Cash out Refinance Home Mortgage loan

Amazon.de Widgets When you need money for any purpose, one source from where you can get it is cash out from refinancing your home mortgage that you can work out with the agreement of the lender. When you get the lender’s approval on this idea, you can get additional money above and beyond the balance of your existing mortgage loan. [more...]

Date: 2009-09-29 12:42:28

“AAA Borrowers”

It has yet to be determined if in fact banks are lending, and for those that are, is it truly “business as usual”?? ... , property equity, debt-to-income ratios, and cash reserves. In March 2008, Fannie Mae and Freddie [more...]

Date: 2009-01-16 03:01:21

Filters Aren’t Just for Coffee

As I take stock of 2008 and move into 2009, I’ve decided to  develop and implement a strategy for transforming my business moving forward.  I’ve settled on a theme for this year - creating, delivering and leveraging knowledge. My goal for 2009 is to become a better filter [more...]

Date: 2009-01-05 04:13:28

The Review of the Bad Credit Loan Mortgage

Having a bad credit is a common thing to occur on someone’s life ever since this is something which is related to the ability to get the credit ... they can use in applying for the mortgage loan although they carry a bad credit on their history ... they can learn the way they can apply for the bad credit loan mortgage home equity as the way they can make [more...]

Date: 2009-01-16 01:17:28

Debt Consolidation

We all know that our economy is not doing well right now ... so you can borrow money and pay off your credit cards and other debts. Debt consolidation can be a tool ... to consolidate your debt. If you are unsure what a debt consolidation loan is then let me enlighten you. Debt [more...]

Date: 2009-01-15 04:16:11

NHF announce new mortgage scheme to combat repossession

New mortgage rescue scheme will save thousands from nightmare of repossession say National Housing Federation ... loan from a housing association to help cut their mortgage costs. Once their financial situation ... . A new mortgage rescue scheme which will help thousands of vulnerable people from losing [more...]

Date: 2009-01-16 01:00:28

Home Equity Loans: Release the Equity to Avail Cash

You can release the equity tied-up in your home with the help of a home equity loan ... are becoming popular among the borrowers as they offer low interest rate, help you become debt free ... the home’s fair market value and the unpaid balance of the mortgage and any outstanding debt over [more...]

Date: 2009-01-15 21:41:54

What is a reverse mortgage?? Do I want it?

by Doc Schmyz If you have not already heard the term reverse mortgage, it sounds like a strange thing ... depends on the homeowner’s age, equity of the house, interest rate on the loan, closing fees ... sell the home and repay the loan plus the interest [more...]

Date: 2009-01-15 13:53:20

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

Bad Credit Personal Loan, No Credit Check And Credit Cards

Bad Credit Personal Loan, No Credit Check And Credit Cards Choosing the right collateral So what is the right collateral to secure a bad credit ... that do well for these loans are real estate and automobiles. Getting the most out of your loan Once you’ve decided what you want to use as collateral for a bad credit bank loan, you need to decide upon [more...]

Date: 2009-01-16 03:48:11

Dangers Of Reverse Mortgages

Dangers Of Reverse Mortgages Posted by Dark Spider at January 15, ... to live comfortably. The reverse mortgage pays you with equity you have built up in your home ... or a line of credit to use whenever you need it. If you have a small loan payment on your home [more...]

Date: 2009-01-15 00:07:30

101 - 150 of 171 Posts
Page: First | < Preceding | Next >
0 | 1 | 2