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

Blog posts (441) | Videos (426)
 

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

Taking Home Mortgage Loans

by John Bear If you are looking to refinance your current mortgage, there are several options available for you. Homeowners refinance their mortgage for many reasons and these include eliminating private mortgage insurance, receiving cash out at closing, obtaining a fixed rate, and so forth. Since home loan [more...]

Date: 2009-01-02 16:59:45

Thursday Afternoon Dept of Beshear Headaches

The Herald-Leader editorial board detailed Adam Edelen’s current situation this morning and we hope he takes our suggestion to do something, ... , we learn that Springhurst Towne Center’s loan is one of the biggest commercial loans bundled into commercial mortgage-backed securities that are in trouble for whatever reason. $77 million. It’ [more...]

Date: 2009-01-15 22:00:51

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

Stop Foreclosure Now Using These Suggestions

High foreclosure rates are a sad indicator of the condition of our economy ... your minimum monthly payment. Mortgage lenders can make a loan modification to make your mortgage [more...]

Date: 2009-01-11 13:44:56

FedMod.com: Loan Mod Scammers Advertising On Network TV? [Scams]

Matt at SteadFastFinances tipped me off to a possible loan-modification scam running ads on network TV ... , and inability to obtain refunds. Customers complain they paid this company to obtain mortgage loan ... just dodges your calls, never actually doing anything to modify their mortgage. When you try to escalate [more...]

Date: 2009-01-14 16:35:51

Saving yourself form debt

When it comes to taking care of your finances, nothing more than ever ruins your financial position than having a large amount of debt which is ... on paying your bills from credit cards, loans and mortgages without realizing that you are barely ... you a black eye with the credit bureau and any applications for new loans or credit cards would probably [more...]

Date: 2008-12-28 01:21:40

When is a 5.5 Percent Mortgage Rate Really a 3.96 Percent Rate?

It’s income tax season again ... , but it will suffice for a rough estimate.  Seek out one of many online mortgage calculators to assist ... of mortgage interest tax deductions is one reason why loan officers make reference to “after-tax mortgage [more...]

Date: 2009-01-14 19:45:51

What About the Renters?

A little personal anecdote to help explain my philosophical opposition to the bailout, even assuming it would help the economy ( ... it wouldn’t be prudent to buy a home. In my case, I had some student loan debt, I lived in a part ... to afford a mortgage. Now, I probably could have gotten a loan. But the terms would have been ridiculous [more...]

Date: 2008-09-25 12:55:01

The Truth about Debt Management Plans

by Jon Ochs In my years of experience in the industry, I have found that most people are looking for a debt relief option that does not exist ... Consolidation: Debt consolidation is, in nearly all cases, a home equity loan or second mortgage ... . Because these programs rarely ever do what they claim, and many credit card companies no longer endorse [more...]

Date: 2008-09-21 12:49:13

What to do if you’ve been turned down for a loan

Turned Down For a Loan?  Improve Your Loan-Ability! This article was written by Becky House, Education Manager for American Financial Solutions. For more information about credit scores, budgeting or managing your debt, visit MyFinancialGoals.org or contact Becky at 1.800.894.3946. Two years ago, someone with a 600 (poor) credit score could qualify for a mortgage or car loan. Now, reputable lenders will not even consider lending to someone with a score below 700. [more...]

Date: 2009-09-26 14:37:00

What to do if you’ve been turned down for a loan

Turned Down For a Loan? Improve Your Loan-Ability! This article was written by Becky House, Education Manager for American Financial Solutions. For more information about credit scores, budgeting or managing your debt, visit MyFinancialGoals.org or contact Becky at 1.800.894.3946. Two years ago, someone with a 600 (poor) credit score could qualify for a mortgage or car loan. Now, reputable lenders will not even consider lending to someone with a score below 700. [more...]

Date: 2009-09-26 14:37:00

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

6 Money Management Software For Personal Finance (Freelancer’s Special)

Being a freelancer is not easy and more so in these troubled times of worldwide recession ... get themselves under debt by making certain bad decisions or investments. Lets take a look ... which was first introduced back in 1991. It can be used to keep record of loans, mortgages [more...]

Date: 2009-01-08 14:41:12

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

?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

A Brand New Mortgage Calculator Widget

For the real estate professionals and web publishers out there — we now have another widget that you can utilize to quickly and easily add great ... visit Zillow Mortgage Calculators to see this content. Get custom loan quotes — anonymously Zillow ... current rate to plug in. Most mortgage calculators list 6% as the default interest rate, but mortgage [more...]

Date: 2008-10-03 19:13:56

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

Pay Cuts and Payday Loans

Laura Glick didn’t used to need payday loans; as a mortgage broker she made a six-figure salary. Then she couldn’t get payday loans because she was unemployed. Now she is looking forward to even more financially trying times as she applies for a job that will pay between $7 and $12 an hour [more...]

Date: 2009-01-15 23:55:57

Ask the Readers: When Does It Make Sense to Refinance a Mortgage?

So much for vacation. I just can’t keep myself away from you guys! ... are at a 37-year low. A 30-year fixed-rate mortgage averages about 5.28% right now. I don’t usually pay much ... loan), but our current mortgage is in a kind of phantom zone: We have a $207,000 balance at 6.25 [more...]

Date: 2008-12-19 13:00:18

Mortgages Market Update: 01/09

Before I begin I would like to apologize for not posting anything in a while, it has been a little crazy here in the mortgage world (thank God) ... ! If you have a mortgage that is over 6.00%, a home equity, and you are not over the limit of $625,500 (NYC and many other counties nationwide) you should contact your mortgage loan officer/broker to refi! [more...]

Date: 2009-01-02 16:45:46

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

Best of KCLau’s Money Tips 2008

2008 is an exciting year for me. I was able to build more income streams and therefore increase my overall income compared to the previous year ... you are looking for about Bursa Malaysia Case Study: Consolidating Personal Loan, Mortgage and Credit Card Debt Do you have the assets to pay for your liabilities? Personal Asset Inventory Template How [more...]

Date: 2009-01-11 23:00:36

Simple Tips On Refinance Mortgage Loan

by John Bear Finding the best refinancing deal would have to involve comparing lenders, but we know for a fact that those numbers can get pretty complicated, especially when you are to investigate rates, fees, and points. But of course, if a mortgage company has the lowest rates [more...]

Date: 2009-01-05 17:44:07

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

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

Debt Consolidation: Will It Help Me?

We are in uncertain economic times.Many are falling behind in mortgages, student loans, car payments and credit card payments ... clearly explains what bankruptcy, debt consolidation, third party credit counseling and debt settlement ... will negatively affect your credit score and cause an increase in credit card interest rates.One of the best [more...]

Date: 2008-11-30 20:48:00

Subprime Containment Theory Was a Lie

Conventional wisdom (or market spin) was that the risk of default from subprime would not spill over into Alt-A and Prime loans ... was the negative amortization loan. The loan balance can grow each month as the deferred interest is added ... they have not been widely exposed to these loan types. An adjustable rate mortgage resets to a different [more...]

Date: 2009-01-14 03:59:54

Countrywide Admits to Puffery in Advertising

Interesting admission from Countrywide regarding those claims of working to modify loans for homeowners. From MSNBC: In marketing, advertising and testimony before Congress, Countrywide Home Loans ... (Arizona Mortgage Guru). This Feed is for personal non-commercial use only. If you are not reading [more...]

Date: 2009-01-15 20:05:38

Do it yourself Credit Repair

by Rob Kosberg You found yourself in a very bad financial situation. You may feel emotional, hopeless, guilty or all of them ... habits. It doesn’t mean a “debt consolidation,” program or a home equity loan .The word is PLAN. Round up all credit reports, bill payment and credit card records, loan and mortgage records [more...]

Date: 2009-01-08 16:17:07

Do it yourself Credit Repair

by Rob Kosberg You found yourself in a very bad financial situation. You may feel emotional, hopeless, guilty or all of them ... habits. It doesn’t mean a “debt consolidation,” program or a home equity loan .The word is PLAN. Round up all credit reports, bill payment and credit card records, loan and mortgage records [more...]

Date: 2009-01-14 23:18:56

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

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

Should ‘New’ Virtual Assistants Charge Less?

First, I’ve gotten brave and attempted a second podcast with this post. You’ll find the link below ... over 7 years of experience with me to my new business in 2007.  That experience included mortgage loan processing, accounts administrator, sales assistant, title processor and real estate paralegal [more...]

Date: 2009-01-15 21:59:50

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

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

Mr Mortgage Loan Mod Survey - I Would Appreciate Your Assistance

I need a favor from all of my mortgage broker and home owner friends out there ... done the right way.  I have swung completely over to this side of the fence as regulators, law makers ... is fully re-underwritten using present income and debt levels, prudent 28/36 debt-to-income ratios [more...]

Date: 2009-01-03 16:03:10

Debt Consolidation.

It is quite alarming to know that families find it hard to get by from day to day on average combined salary of two working parents ... . Most resort to having multiple credit cards and multiple loans to have basic needs met - mortgages, insurance, car payments, tuition fees of children. This is because their monthly ... [more...]

Date: 2008-12-22 18:06:45

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

Some more thoughts on how to fix the housing crisis

Here is the smartest thing I've read yet about how to stabilize the housing market through loan modifications ... parts: 1) Loan servicers don't have the right economic incentives to modify loans, even ... percent of all mortgage payments made by borrowers, with a cap for each mortgage of $60 per month [more...]

Date: 2009-01-15 14:18:48

It Is Illegal Under RESPA to Require Even Prequalification With a Particular Lender

RESPA no person shall give and no person shall accept any fee, kickback, or thing of value pursuant to any agreement or understanding, oral or otherwise, that business incident to or a part of a real estate settlement service involving a federally related mortgage loan shall be referred to any person. Let me repeat the important [more...]

Date: 2008-12-16 14:43:35

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

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

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

Subprime Loans

Subprime loans are probably the one thing that we can put a finger on that has led us to this mortgage disaster ... to individuals who had credit scores well below 680.  It was almost as if these subprime lenders were willing to give anyone over the age of 18 with a beating heart a mortgage loan.  Sadly [more...]

Date: 2009-01-15 02:59:14

WHEN IS A 5.000 PERCENT MORTGAGE RATE REALLY 3.600 PERCENT?

Related posts:Get Extra Tax Deductions In 2008 — Pay Your Mortgage A Few Days Early For most Americans, mortgage interest paid on a home loan...Shopping for a low rate mortgage for your Danville real [more...]

Date: 2009-01-16 04:23:28

Privacy Concerns in Real Estate Transactions

Every once in a while I get someone who is unhappy with required paperwork for privacy reasons ... for a mortgage loan application, known in the business as the 1003. Admittedly, the form does ask ... , so they can make a decision on whether or not to grant the loan. It also asks for irrelevant items [more...]

Date: 2009-01-04 17:35:00

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

Mortgage Market Week in Review

I’ve got to tell you, I’d love to be able to write one of my Friday updates and tell you about some good news or tell you, “You know, ... side (the stock markets) and the debt side (bonds, loans, mortgages, Fed Funds, and all other types ... of a few firms, a total meltdown.    On the debt side, it really was very close to a nuclear reactor [more...]

Date: 2008-09-19 20:26:22

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