Why not just give US the money?

Lame Duck Teasury Secretary Henry Paulsen insisted on talking again today, as did his boss, sending the markets south, ... the risk that big investors took when they bought junk credit card and mortgage debt. Then, magically ... toward consumer loans in the form of credit cards, auto loans and student loans, as well as some forms [more...]

Date: 2008-11-25 19:38:09

Blog posts (9) | Videos (3)
 

John Stumpf Q & A

What Wells Fargo plans to do on a bigger stageExcerpts:Q: In the investor presentation, ... that we didn't understand: negative (amortization loans), Pick a Pay or option (adjustable rate mortgages).We gave up tens of billions of dollars in loan origination volume and millions and millions of dollars [more...]

Date: 2009-01-12 03:28:00

When Will the Real Estate Market Stop Going Down?

by Mary Bush A question I get asked quite often is when will the real estate market stop going down? Or have we already hit bottom? ... to go up. Also there are thousands of people in negative amortization or pay options arms that have yet ... and investors of mortgage backed securities are now getting very strict. Many of the loan programs [more...]

Date: 2009-01-04 23:42:02

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

Using Eminent Domain To Acquire Mortgages Would Be Reckless And Dangerous

Just when I think that the bailout plans couldn’t get any wackier, ... Financial Services yesterday- they propose using eminent domain to buy loans to modify them. Here’ ... is and has been the loan servicer and that servicer’s responsibility to its investors. So many loans [more...]

Date: 2009-01-14 15:01:57

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

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

Are mortgage rates heading lower

As the stock market gains new ground investors are looking to short rates as a marker for future interest rates ... . As applications for home loans have actually seen an increase. This is a good sign for those who provide debt consolidation loans, as more people are now getting back into the market to look to lower [more...]

Date: 2009-01-10 13:42:54

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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