Why I'm Running: Bringing change to Gresham

By Jenni Simonis of Gresham, Oregon. A long-time community activist and a 2008 candidate for the Gresham City Council ... department, canvassed for candidates, advocated for payday loan reform, served on the Rental Housing [more...]

Date: 2008-10-20 17:59:48

Blog posts (137) | Videos (12)
 

Fewer Homes, Smaller Homes

Every municipality in Virginia bases its land use planning on the anticipated demand for new housing ... or the economic realities of student loans and credit card debt, I don't know. But it's happening [more...]

Date: 2009-01-09 10:52:00

Home Mortgage Loan: 5 Elements To Take Into Consideration Before Buying A House

While purchasing a house is an exciting effort in a lifetime, it is certainly not something you want to rush into ... at once. That is why, applying for a loan is crucial for most people. You will need to make sure ... of your annual salary. But even then, it is best to find a calculator online to help you figure [more...]

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

Don’t Raid Your 401(k) to Make Mortgage Payments

What’s worse than not being able to make your mortgage payments? How about tapping into retirement savings to make ends meet? ... out a home equity loan. “People had wiggle room by borrowing on their houses, and it just isn’ ... that if you’re really desperate to use the money in your 401(k), you’re better off taking a loan [more...]

Date: 2008-06-04 20:00:54

How Far Down Can My Savings Go for a Down Payment?

A couple weeks ago in the post, “Would I, Could I, in a House?” we talked about the proverbial housing market stars aligning: Low Down Payments on FHA loans, Low ... of cash in a low interest bearing savings account to use as a down payment on our first house [more...]

Date: 2009-01-13 16:49:47

Upgrading Your Financial Standing Through Refinancing After Bankruptcy

div style=’float: right; width: 100px; padding: 5px; margin: 5px; background-color: #FFFFCC;’font size=1font color=’#cc0000′bTip! ... the one in debt will find somebody or a company who will pay off the existing loan./ppWhen buying a house ... . You will be free of paying several monthly loan obligations with the idea of debt consolidation./pdiv [more...]

Date: 2009-01-07 17:30:47

california home loan mortgage second

Your kids are growing and your house is getting smaller. Thinking big? ... . You won’t regret it. You don’t need any equity, and this loan program will actually allow ... offered with a fixed interest rate for 15, 20 or 25 year repayment terms. If you have credit card [more...]

Date: 2009-01-14 05:07:26

Republicans Sweep Constitutional Officer Elections

After losing the fight for Speaker of the state House of Representatives, Republicans bounced back, ... track of loan documents, company trademarks, charitable [more...]

Date: 2009-01-15 21:35:23

Terengganu’s debt soars despite return of royalties

Terengganu’s debt soars despite return of royalties One night, when I was unable to fall asleep, I opened up the Auditor-General’s report, ... , the state government’s debt to the federal government has been rising during the same period: 2003 - RM891 ... These are largely due to federal loans, taken out for water supply and low-cost housing projects. [more...]

Date: 2009-01-15 11:31:06

Two more banks go down

And Phil Gramm still thinks he is right. Nope, nothing wrong with his economic theories or actions at all ... to the acute distress in the housing market in that state. The failures of Downey Savings and Loan ... U.S. savings and loan, had assets of $12.8 billion and deposits of $9.7 billion as of Sept. 30. PFF [more...]

Date: 2008-11-22 08:28:00

Green College Spotlight: Harvard University

This Ivy League college is known for being a leader in many arenas, ... Program, Graduate Green Living Program, FAS – Resource Efficiency Program, Green Campus Loan Fund ... like the library, dining hall and grad student housing [more...]

Date: 2008-10-13 11:00:38

Cheapest Remortgages

Cheapest Remortgages Posted by Dark Spider at December 28, ... necessary for a home owner to try and refinance a mortgage loan that he or she could have availed ... or expanding the house or even for debt consolidation. Lenders will have to assess a borrower [more...]

Date: 2008-12-28 12:08:00

The Rest of The (Belated) Week In Review

Didn't get to this yesterday, as I basically played hooky from blog. So I'm cleaning out the closet: • The House voted to strip all federal funding from ACORN in the student loan bill, and there are more such funding strip amendments in the health care markup in the Senate Finance Committee. The "let's strip ACORN funding" amendment will soon become a staple of GOP politics. Only problem is an unconstitutional bill of attainder , but when have laws gotten in a way of a good story. [more...]

Date: 2009-09-22 05:17:00

So What!

Image by PaoloMazzo (license). Note: This is a guest post by Curtis Greve of Metreks The other day I was talking with my good friend ... a house payment; my kids might have to take out a student loan to go to college [more...]

Date: 2008-12-08 14:28:59

Why You Should Not Refinance Just to Lower Your Payment

I keep talking with people who don't understand that a higher interest rate on a refinance can result in a lower payment even though the cost of ... (or a House) Based Upon Payment. There are all kinds of games lenders and loan officers can play ... loan five years ago for $300,000 at 6% on a thirty year fixed rate basis. Your payment [more...]

Date: 2008-10-18 14:47:33

Real Estate Shopping Online

realestate.com Buying a house is a very serious investment. However, during the sub-prime loan days, many have made the decision impulsively ... that can guide a buyer in choosing the best properties such as a mortgage calculator, which can calculate different types of loans with different type of payment plans and a home valuation calculator [more...]

Date: 2009-01-02 09:59:57

My First House: Then and Now

“Cautious Buyer” asks this question on my post the other day when I referenced that my first house had a rate of 11% during the comments: ... costs. Base loan amount = $213,400 plus upfront mortgage insurance @ 1.75% = $217,134. Interest rate [more...]

Date: 2008-10-19 22:17:48

Credit Lines: Number and Length of Time Open

from an email: On a related note, I hope you might have some advice for us. My husband and I just sold our condo ... .) So we are spending a small part of the profit off the sale on retiring the only credit card debt we still ... house. However, with no credit card debt and no mortgage (and one car loan that will be paid off [more...]

Date: 2008-07-06 16:05:45

Badcreditloanshop.com

.fullpost{display:inline;}The most common problem is financial. same financial problems that contribute to this problem in the bad credit loans ... for you to secede from debt in bank and also credit card, requirement of house, health, insurance ... of your family. Eliminates taste is anxious about debt, with bad credit loan of all your requirement [more...]

Date: 2009-01-13 09:47:00

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

A Major Irritant on "Minor Irritants."

By Mike Flannigan (on loan from Ari.) George W. Bush's final press conference at the White House yesterday morning was an absolute masterpiece of political theater. I'm thinking, of course, of the Theater of the Absurd with dyspepsia, the kind of political Dadaism that we've come to expect of a George W [more...]

Date: 2009-01-14 01:25:19

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

VOTE HERE! Next up? The “Saddleback” Bowl … as in, gold-medal living in the county’s foothill towns! In more pressing real estate news …. O.C ... to this year, adjustable-loans’ low use (back to 1988) was 16% in 1998. If you don’t know, adjustable-rate loans typically offer homebuyers initial cost savings in return for the risk of higher house [more...]

Date: 2009-01-08 01:37:08

Truth About Filing Bankruptcy

I've been hearing a lot about houses being left abandoned in the States right now due to recession ... government debt consolidation loans much like the loans we have here in the Philippines from PAGIBIG ... is easily attainable with debt consolidation especially when there are reputable and non-profit credit [more...]

Date: 2008-12-02 13:38:57

NJ Foreclosures Double in 2008

From the Record: Housing defaults doubled in N.J. About 62, ... worse,” she said, because many adjustable loans are scheduled to reset at higher payment levels [more...]

Date: 2009-01-15 10:58:24

Homeowner Personal Loan: Panacea for any Financial Crunch

You have been dreaming since long for a house of your own…You worked hard, earned money, saved and finally you bought a dream house of your own, ... also depends upon the value of the property, your credit record, your source of income, whether [more...]

Date: 2008-12-15 04:20:15

How Much House You Can Afford?

More than one reader has emailed me in the last month asking how much house I thought they could afford in our sinking ... with some numbers in DinkyTown.net’s Mortgage Loan Calculator (PITI). Playing with the numbers, I found a monthly payment of $1,286.08 given these assumptions: Mortgage loan amount of $150,000 30 year [more...]

Date: 2008-09-22 16:26:21

links for 2008-12-26

In Hard Times, Houses of God Turn to Chapter 11 in Book of Bankruptcy - WSJ.com Church Mortgage & Loan Corp. of Maitland, Fla ... $18 million it owes, says company lawyer Elizabeth Green. Church Mortgage filed for Chapter 11 ... to Getting Out of Debt 9. Tools for a Frugal Life 10. Resources The *Official* Guitar [more...]

Date: 2008-12-27 07:01:05

Auto Loan Calculators

These days you can find lots of loans in the market and this has enabled every person in the world to fulfill his or her dreams like owning a car or a house. These dreams now-a-days do not seem to be far away since different types of loans are easily available in the market. However, under some situations the desire of purchasing a car or a house can suddenly turn into a terrifying incident if your monthly installments go beyond your expectations. [more...]

Date: 2009-07-23 17:23:24

How Should We Help Underwater Home Owers ?

Martin Feldstein has another plan to fix housing. It is a variation of the 30/20/10 plan I proposed earlier in the year, ... , recourse loan: “More than 12 million homeowners now have mortgage debt that exceeds the value ... take other assets or income to make up the difference between the unpaid loan balance and the lower [more...]

Date: 2008-11-18 12:40:23

Of Chicago, the Olympics, and America in 2016

Satire by John W. Lillpop President Obama has once again made it perfectly clear why this White House gig is just not working out. At least not for the American people. Under Barack Obama, the national unemployment rate is close to 10 percent; the national deficit is nine trillion dollars and counting; in some quarters, the dollar is being used to line bird cages; the housing market is bracing for Phase 2 of the Great Mortgage Meltdown as millions of "Option Arm" loans are due to be reset; [more...]

Date: 2009-09-29 16:42:00

Study More About Mortgage: Errors To Avoid That Can Be Expensive As A Homebuyer

Acquiring a house is exciting and overwhelming at once ... hoping their credit won’t prevent them from having a loan is astonishing! In order ... for a loan is the next mortgage error that you want to avoid. Firstly, make certain you understand [more...]

Date: 2009-01-04 10:31:05

Philippine Congress Tables Proposed Credit Card Interest Rate Cap Law

While the public was distracted yesterday by the deliberations of the justice committee of the House of Representatives on the substance of the ... . They consider any balances left unpaid as unsecured loans, as opposed to other forms of consumer loans which [more...]

Date: 2008-11-26 14:12:51

Bank Loan Stats: The Good, The Bad & ........

The Federal Reserve's survey of loan quality for U.S. commercial banks is in. Bottom line, it's still all about residential housing delinquencies and charge-offs, which remain ugly and are killing the banks. Surprisingly to some, credit card delinquencies and losses are holding up reasonably well, [more...]

Date: 2008-11-19 02:12:16

An Opportunity to Aid Borrowers

Yesterday, the U.S. House of Representatives pushed through a bill that would extend a previous effort to bail out student loan providers. Before the Senate acts on this legislation, Higher Ed Watch urges lawmakers to view this as an opportunity to come to the aid of financially distressed borrowers struggling with private loan debt [more...]

Date: 2008-09-16 19:25:09

New 2009 BAH Rates Released | Naval Base Kitsap | Bremerton | Bangor | PSNS | Naval Hospital Bremerton

What are you doing with your BAH? Are you giving it to the PPV/Military Housing? ... for your interest: Rent Vs Buy Calculator Buyer’s Resources Free Buyer Reports Monthly Payment Calculator Loan Programs SEARCH FOR WEST SOUND HOMES HERE [more...]

Date: 2009-01-01 23:29:29

Our first Scripps Ranch home - A trip down Market Cycle Memory Lane

Rhonda Porter at Rain City Guide penned this recent post in which she talked about her first house, then and now ... purchase involved the requisite 20% down and a 30-year fixed rate loan. It wasn’t that we were smarter than anyone else; it’s just that those were the programs that were available. The loan [more...]

Date: 2008-10-23 16:04:08

The Real Janet

KPNX viewers got a glimpse of the real Janet Napolitano during a meeting of the State Loan Commission ... for a few years, actually increased our lifestyle by spending down our 401k and refinancing our house ...  out of this within a fiscal year.  Increasing long term debt to cover operating expenses is clearly [more...]

Date: 2009-01-09 18:34:29

Case Study: Paul and Melanie Want to Buy a House

Paul emailed me for some guidance on his financial situation ... Monthly Yearly Rogers 200 2400 RBC Loan 515 6180 CAR Insurance 145 1740 Future Shop 50 ... 0 BMO Mosaik 11200 11.9 RBC Loan 22631 8.8 School Loan 3629 6.5 Total 41971 Paul [more...]

Date: 2009-01-07 11:30:08

The Irony of Bankruptcy. The More You Have The Better It Is.

I came across an article by Ann Woolner, “Buy a Beach House for Shelter When Going Bankrupt” that was absolutely spot on ... credit-card debt. You can modify student loans. You can modify debt on a yacht,” points out Levitin ... . “Current law permits modification of any type of debt in bankruptcy except for a single-family [more...]

Date: 2008-10-17 14:54:46

On ABC, Dem Barney Frank Rages at 'Distortions' of Chris Cuomo

"Good Morning America" news anchor Chris Cuomo on Tuesday actually challenged liberal House member Barney Frank over how Congress has spent the ... from the left. Regarding those Americans who took out loans for more than they could pay back, he asked, "Why ... to the working men and women? Why didn't you do that first?" However, Cuomo should be given c [more...]

Date: 2009-01-06 22:46:46

Text: President Bush Statement on Whitehouse Bailout Deal with U.S. Automakers | December 19, 2008

(Source: White House Press Office)   9:01 A.M. EST THE PRESIDENT: Good morning ... provisions of our bankruptcy laws — and provide federal loans to keep them operating while they try ... certainly lead to disorderly bankruptcy and liquidation for the automakers. Under ordinary economic [more...]

Date: 2008-12-19 16:46:58

How Much Down Payment Do I Need and How Do I Get It?

With housing prices having crashed in most of the higher cost areas of the country, ... score debt to income ratio and loan to value ratio. I do have a source for loans with only 5% down purchase money loans that seems increasingly solid - but it's only one. One program from one lender [more...]

Date: 2008-11-04 14:41:53

J.P. Morgan's earnings

JP Morgan is the best house in the worst neighborhood, but let's take a look at a JP Morgan derivative brochure ... of the loan after financing) and avoid the administrative costs of direct ownership of the asset [more...]

Date: 2009-01-15 12:34:00

Conference Call Highlights: Projections For Multi-Family REITs

WSJ says: Owners and developers of multifamily buildings are trying to stay afloat as the deteriorating economy and escalating job losses create ... . A downturn in this sector also drags in housing mortgage giants Fannie Mae (FNM) and Freddie Mac (FRE)… Together, the two mortgage giants have nearly $200 billion of these loans on their books. [more...]

Date: 2009-01-14 13:04:08

The “Helicopter Drop” Has Begun

The Fed cut interest rates to effectively 0% today, but that really isn’t important. The problem is that even though money is now ( ... about all the existing debt starting to go bad, so creating new loans doesn’t make sense. Thus comes the “helicopter ... debt and mortgage-backed securities to provide support to the mortgage and housing markets.” [more...]

Date: 2008-12-17 00:03:00

Study More About : 5 Options To Take Into Consideration When Buying A Home

Buying a house can be highly stressful as it involves a lot of different things such as looking for the right one, ... mortgage loan options to take into consideration. 1. Fixed rate mortgage This home mortgage ... what occurs to the market over time; you will pay the identical amount every month until your loan [more...]

Date: 2009-01-07 19:58:28

Bank of America smashes Acorn

Acorn has taken some huge hits from the money givers that fund their activities legal and otherwise.   The next after Census Bureau, Senate, House of Representatives and other Governmental Organizations, now have Bank of America who apparently used them or worked with them in predatory loans that were such a problem for the country that caused the collapse of U.S. [more...]

Date: 2009-09-29 06:05:34

In Latest Outlook, Sifma Split on Housing, Bailout Views

The yearlong U.S. recession will likely continue until mid-2009, a group representing hundreds of securities firms, ... favored federal loans over alternatives such as direct equity ownership. Of those members who favored loans, all also favored requiring conditions such as restructuring, consolidation and creditor [more...]

Date: 2008-12-15 11:05:00

Fannie and Freddie to Announce Mass Loan Modification Program

re-default. This may also further erode investor confidence in residential mortgage backed securities, ... monies to put towards housing payments. Step 3) Start Improving Your Credit Rating This can take a long ... you pay your bills on time, that you have good credit.  Paying your bills on time only accounts for 30 [more...]

Date: 2008-11-11 19:02:07

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