Pay Option ARMs - The Implosion Is Still Coming Despite Low Rates
Mr Mortgage is a 20-year mortgage banking veteran, specializing in wholesale and correspondent sales and sales/operations management and bringing ... . The broad failure of this loan type will have severe consequences on already depressed CA real [more...]
Date: 2008-12-24 14:00:38
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Learn More About Refinance Mortgage Loan
by John Bear Everyone knows that comparing lenders can help you find the best refinancing deal, but those numbers can get confusing, especially when you are comparing lenders. You should investigate rates, fees, and points. Remember too that just because a mortgage company has the lowest rates, it doesn’t mean [more...]
Date: 2009-01-15 00:14:51
Learn More About Refinance Mortgage Loan
by John Bear Everyone knows that comparing lenders can help you find the best refinancing deal, but those numbers can get confusing, especially when you are comparing lenders. You should investigate rates, fees, and points. Remember too that just because a mortgage company has the lowest rates, it doesn’t mean [more...]
Date: 2008-12-27 10:20:30
Simple Tips On Refinance Mortgage Loan
by John Bear Everyone knows that comparing lenders can help you find the best refinancing deal, but those numbers can get confusing, especially when you are comparing lenders. You should investigate rates, fees, and points. Remember too that just because a mortgage company has the lowest rates, it doesn’t mean [more...]
Date: 2008-12-27 10:16:00
One in Ten Mortgages in Crisis: How To Make Smart Real Estate Decisions in Today’s Market
I couldn’t believe my eyes this weekend. I was watching CNN (no surprise), and as I was listening to the live coverage of O ... rate. I researched different mortgage loans. Plus, I was freelancing for a mortgage and loan website ... with an interest only home loan, we chose predictability over payment shock. Don’t “Splurge” [more...]
Date: 2008-12-15 18:18:27
Hidden in the bad news, signs of life
From Business Week, January 12, 2009: Mortgage rates have fallen sharply ... is certain to show an all-time high. A full point drop in mortgage rates for an 80% loan on a median [more...]
Date: 2009-01-15 09:02:47
Refinance Mortgage Loan Guide
by John Bear Everyone knows that comparing lenders can help you find the best refinancing deal, but those numbers can get confusing, especially when you are comparing lenders. You should investigate rates, fees, and points. Remember too that just because a mortgage company has the lowest rates, it doesn’t mean [more...]
Date: 2009-01-15 00:23:29
Freeing Up Cash With A Remortgage
In the UK, the interest rates on new mortgages tend to follow the base rate set by the Bank of England ... up some of the money in their home, turning it from equity into cash. For example, someone with a ?40,000 mortgage [more...]
Date: 2009-01-15 03:24:17
Hockeynomics - at times an embarrassment
We expect and need to hear the truth from the Opposition. Shortly after Joe Hockey took over as the Coalition's Treasury spokesman the Comonwealth Bank inched up its standard variable mortgage rate from 5.64 per cent to 5.74 per cent, bringing it into line with NAB's. Hockey dived in : "The increase in interest rates by the Commonwealth Bank today is directly linked to Kevin Rudd’s debt." I labelled what Hockey had said " bizarre garbage ". [more...]
Date: 2009-09-28 06:57:00
Link Roundup: Two-dollar bill edition
A week ago I was able to get twenty-three $2 bills at our credit union. They had been in my wallet but I asked my wife if she wanted one ... in debt. (One dollar at a time!) Five Cent Nickel keeps watch on mortgage rates and opportunities ... again. (You won’t find a more supportive debt reduction coach.) Being Frugal gets back to basics: “ [more...]
Date: 2009-01-15 08:10:35
Daddy Warbucks
We’ve notice a lot of stiff upper lips from local movers and shakers in the business community of late. The “recession” word is gone. They are talking about “re-adjustment” and the word “loan” has been replaced with “alternative ... for some new terminology. It’s all part of the game. Remember when “adjustable rate mortgage” [more...]
Date: 2009-01-15 21:35:37
What Goes Down Must Come Up
Wise man once said that: a great person can see opportunities in certain circumstances where other people see it as problems ... , or to refinance an existing loan. They can help us compare Oregon mortgage rates, calculate payments, run amortization tables and connect us with the best lenders. There are some incredible Oregon [more...]
Date: 2009-01-11 02:25:58
Best Refinance Mortgage Rates - Ways to Qualify for a Low Refi Rate
Obtaining a low rate is a top concern for many homeowners who choose to refinance their existing mortgage ... payments, judgments, and high debt to income ratio are damaging to your credit score [more...]
Date: 2009-01-15 04:45:36
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
Monetizing Your Website With Google Adsense Is Easier Than You Think
This site is specifically created for those who don’t want to waste time searching for ‘the best solution’ to earn money online ... Debt Consolidation Endowment Purchase Online Student Loan Consolidation Pop Up Displays California ... Mortgage Refinance Rates Accident Helpline Lenders Tree Acorn Stair Lifts Ambulance Billing Secure [more...]
Date: 2009-01-02 00:57:08
N.J. man learns modifying mortgage to cut payments may impair credit rating
by Moe Bedard on September 29, 2009 · 0 commentsin American Nightmare To confuse consumers even more, not all lenders follow the guidelines.That may change on November 1, when lenders can use a new code to report them as a “loan modification under government program.” The code will clarify which borrowers have taken modifications, but because the modification process itself is not streamlined, it won’t be the only worm squiggling out of the can.The bigger impact on credit scores may depend on how [more...]
Date: 2009-09-29 13:48:05
A commercial real estate bailout?
It is possible (subscription required). I am not happy about this but the tone of this piece will be more analytical than editorial ... this year for two reasons. First, rising default rates on commercial mortgage-backed securities due ... commonplace between 2004 and 2007. The second and more significant reason is that outstanding mortgage [more...]
Date: 2009-01-13 15:26:00
Bad Credit Mortgages
Bad Credit Mortgages Posted by Dark Spider at December 26, 2008 Many people these days have an adverse credit mortgage rating ... isn’t difficult to get, but unless you take some professional advice, you may not get the best deal ... or suffered other debt problems, such as defaults,non payment of utility bills. Maybe [more...]
Date: 2008-12-26 00:07:19
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
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
Reasons to Refinance Your Mortgage
Image courtesy of Notionscapital.comThe rates on a 30 year home loan have recently fallen to record lows; and will possibly fall even further ... account or help you pay off your credit card debt a lot faster.Low Cost. If you are one of those ... the process to refinance their loan.Even though the current rate may be lower than what you are paying [more...]
Date: 2008-12-29 11:15:00
But I Thought It Was Just A “Panic”?
But I Thought It Was Just A "Panic"? Courtesy of Karl Denninger at The Market Ticker Or so we were told… Remember, the values at which subprime mortgage bonds were trading at reflected "irrational fear" and "unreasonable expectations of default." Really? * As of last week, the ABX index of sub-prime mortgage debt showed that AAA-rated securities from early 2007 were trading at 28 cents on the dollar – AA was at 4 cents, near all-time lows. [more...]
Date: 2009-09-14 02:05:36
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
A good time to consider debt consolidation
Austral Mortgage offers competitive mortgage rates for both residential and commercial loans, debt consolidation and investment loan. The company al 1 Vote(s) [more...]
Date: 2009-01-08 15:08:08
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
New regulation and the GAO
rdan GAO has a report on regulation deficiencies of financial markets: ... participants—such as nonbank mortgage lenders, hedge funds, and credit rating agencies—some of which ... difficulty understanding new and increasingly complex retail mortgage and credit products. • Fourth [more...]
Date: 2009-01-15 10:00:01
Mortgage Quotes
Are you looking for some information about mortgages? ... , debt consolidation, and tax debt loans. If you want to know more about this site just check them ... it to one site to another. They will compare the mortgage loan rates to others if they can get it quick [more...]
Date: 2008-11-16 04:13:19
The White House Zillow Zestimate
My home being by far my most valuable asset, I wondered what the White House might be worth. After all, mortgage rates are the lowest they’ve ever been since Freddie Mac began its survey in 1971. The US government might be able to refinance - and pay off some of their higher debt [more...]
Date: 2009-01-08 01:35:44
Las Vegas Real Estate Rebounding
We believe the market is rebounding here in Las Vegas ... months. The flip side to this is these reduced home prices, coupled with extremely low mortgage rates ... Shifts Signal Changes If you look closely at the types of loans that are being made here in Las Vegas [more...]
Date: 2009-01-16 02:27:41
Free Helpful Advice - Can The Hope For Home Ownership Relief Act Really Help Homeowners Avoid Foreclosure?
My take on this bill is that it will be a another government run fiasco ... be at least 31 percent; * They cannot afford their current loan; * They did not intentionally miss ... the new program include: * 30-year, fixed rate mortgage; * Maximum 90 percent loan-to-value ratio [more...]
Date: 2009-01-15 07:36:03
Refinance Breakeven & 4.5% Fixed Mortgages
The Treasury Department is working on a plan that would lower interest rates on 30-year fixed mortgages to 4.50% APY ... calculator (assuming only 1% for closing costs, which matches some quotes online) and the results were good. After eight months, the money saved on my lowered monthly payment would exceed the closing [more...]
Date: 2008-12-15 12:05:07
Useful Advice - Can The Hope For Home Ownership Relief Act Really Help Homeowners Avoid Foreclosure?
My view on this bill is that it will be a dismal failure ... must be at least 31 percent; * They cannot afford their current loan; * They did not intentionally miss ... program include: * 30-year, fixed rate mortgage; * Maximum 90 percent loan-to-value ratio [more...]
Date: 2009-01-15 16:06:21
How I Research a Purchase
Personal finance sites put a lot of attention on saving money, investing, even career advice ... - When I was buying my home, using Bankrate was instrumental in finding my best mortgage rate. I always [more...]
Date: 2008-08-08 14:24:56
Tips a Home Owner Should Know Before Refinancing
by katie George Mounting debt has many homeowners considering refinancing their mortgage for the purpose of cashing out the equity to consolidate credit card debt at a lower interest rate. Homeowners should not consider real estate mortgage refinance as a way to pay for a vacation unless it will be your last, a new car or a boat. A good [more...]
Date: 2008-12-29 22:15:15
Home Prices May Be Nearing Bottom, Bank Equities to Follow?
I remain optimistic that housing is nearing a bottom ... traffic. Add to the fall in prices, the recent sharp reduction in 15 and 30 year mortgage interest rates ... news about loan losses. In my judgment, most banks in the US have been trying to get out ahead [more...]
Date: 2009-01-14 07:24:00
Hurricane Ike and Cincinnati Real Estate
Yesterday’s gusting winds pushed a lot of buyers around Sunday Open Houses ... more difficult to obtain a mortgage if you have a marginal credit rating or a minimal down payment ... a vendor to remove trees or repair siding or roof- I would suggest leaving a note for potential buyers [more...]
Date: 2008-09-15 14:21:32
One Million Use Credit Cards for Mortgage or Rent - UK
According to housing and homelessness charity Shelter, about 85% of the UK’s £1.4 trillion personal debt is secured against property. The good thing with secured debts, of course, is that they normally come with a lower APR (Annual Percentage Rate) than unsecured debts. Nonetheless, a mortgage is by far the biggest debt most [more...]
Date: 2009-01-15 18:34:40
HSBC prepares for rate cut by raising tracker loan cost
HSBC raised its best-buy tracker mortgage rate yesterday amid expectations that other lenders will follow suit after tomorrow's much-anticipated cut ... competitor is its own subsidiary, First Direct, which is expected to shift its tracker rates too [more...]
Date: 2009-01-07 00:01:45
When Banks Increase Profits In A Falling Market
While we have all seen the headlines about debt problems in the UK, falling house prices, etc, you would have thought that the banks would be struggling to make money. Think again! The only real way in which banks can lose money, from their traditional banking operations, is by writing off bad debts. You may find this a little curious because surely as interest rates fall, their profit from each loan, each mortgage and other instruments will fall – not always. [more...]
Date: 2009-09-25 02:04:09
Sacramento Mortgage Delinquency Rate Approaches 7%
From the Sacramento Bee: 6.8 percent...of residential mortgages in El Dorado, Placer, ... one of the lucky ones who got out. While we had no debt on our home except the original mortgage [more...]
Date: 2008-12-04 22:21:40
Mortgage Calculators Are Useful Instrument to Evaluate Your Options
The highest aspect/priority on each person?s mind while submitting an application for a home loan is getting the lowest mortgage rate There are a number of lenders, who are ready to offer you excellent deals [more...]
Date: 2009-09-29 16:01:53
Mortgage Rates for Friday Afternoon
This morning’s Jobs Report was even worse than expected with 533, ... scores of 620 or better based on loan amounts up to $417,000. VA loan amounts over $417,000 ... to work with a loan originator who has the ability to either renegotiate your rate after locking [more...]
Date: 2008-12-05 21:22:25
Steve Semenov
With over 15 years experience in the mortgage industry, I can offer you highly competitive rates that are among the best available ... e. 2nd or 3rd mortgage f. debt consolidations g. equity take outs [more...]
Date: 2008-12-29 22:11:33
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
Grand Mal (from 9-8-2008)
The Feds have seized Fannie Mae and Freddie Mac. Now I’m no financial or economics expert; ... of a car, but I do know that I don’t want my tax dollars paying for someone else’s home. The Turbos ... mortgage broker try to sell us a “teaser rate” loan. We said “NO” — and rented and saved. However [more...]
Date: 2008-12-06 14:05:59
Mortgage Rates January 15, 2009
The Producer Price Index (PPI) came out and reflected virtually no inflation on the wholesale side of things ... payment, 740 credit scores, and verifiable income and assets. Rates vary based on borrower profile [more...]
Date: 2009-01-15 20:03:13
Rise in Overdue Mortgage Payments
In the first three months of this year more than a fifth of homebuyers in the UK, who have a chequered credit history, have fallen behind on their mortgage payments and even those with top-quality ratings have seen a statistically significant rise in delinquencies. New research from Standard & Poor’s is based on the behaviour of homebuyers, whose loans have been packed in to mortgage-backed-securities, accounting for 80 percent of the £43bn sub-prime mortgage market. [more...]
Date: 2009-09-25 03:11:53
US Interest Rates Zero to 0.25% and soon 4.5% US mortgages
Hale Bonddad Steward at Huffington Post has a lot of charts that show the bad financial situation ... to refinance a mortgage at 4.5%. The Fed and the Treasury appear ready to start buying up large quantities of securities -- government debt, mortgages, commercial loans, even stocks -- from banks [more...]
Date: 2008-12-16 20:29:22
Wells’ wholesale throws in the towel and stops offering nonconforming; Who is investing in MBS’s besides the Fed?
Does it matter who else is buying securities backed by mortgages? ... to earn additional interest rate spread. In its most recent quarterly Senior Loan Officer Opinion [more...]
Date: 2009-01-06 15:03:21
Vital Pieces Of Mortgage Loan Modification Advice |…
Who doesn’t want to be relieved of paying a high interest rate in a monthly basis? The goal of home mortgage loan modification all about saving money. It is actually an option preferred by several homeowners. Continue reading here: Vital Pieces Of Mortgage Loan Modification Advice |… [more...]
Date: 2009-09-29 17:48:03
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