A Fool's Errand: Stabilizing House Prices

Yesterday there was a news article on MSNBC that claimed 1 in 6 now owe more on their mortgage then their property is worth ... for borrowers in financial trouble to refinance or sell their homes and pay off their mortgage if their debt ... to Zillow the median household income in the area is about $46,000 while the median home price [more...]

Date: 2008-10-09 07:36:00

Blog posts (311) | Videos (96)
 

Education Imperative to Help Borrowers Cope Says Burgess

(Finance News and Information) The financial services industry has a huge educational task to fulfil if it is to protect the millions of homeowners that are currently struggling with their mortgage Having been quick to offer debt to consumers SaraAnn Burgess a director at payment protection insurance httpwwwbritishinsurancecom PPI specialist [more...]

Date: 2008-12-22 08:17:07

Cram Down

Allowing bankruptcy judges to deal with mortgage debt has always been the most sensible way to deal with the foreclosure crisis in a way which allows people to keep their homes without reinflating the bubble. Hopefully it really passes. In the old regime of 10%+ down, ability to pay, and 30 year fixed rate mortgages exempting mortgages [more...]

Date: 2009-01-06 14:57:00

No rest for the wicked

I just finished the first draft of a novella (for next summer's short story collection) ... international trips does that to me.In fact, I've been falling behind on the news coverage and not even ... % of the USA's collective mortgage debt of $12Tn imploding at the same time does not fill me with optimism [more...]

Date: 2008-07-11 18:23:16

New Congress Looks To Add Mortgage Debt To Bankruptcies - BIG MISTAKE

Congress So we have finally flushed most of the bad debt out of our system in 2008 ... modify other unsettled obligations, such as credit card debt. While the housing market downswing ... problem on the horizon is that Congress is back in session today. Instead of looking at 2009 [more...]

Date: 2009-01-06 14:51:56

Employee Stress Levels Are Rising - What Are You Doing?

Stress is wreaking havoc on the day-to-day lives of your employees. How do we know? ... experiencing stress, depression and financial worries. According to Retail Trust, its helpline is taking ... in conversations including mortgage, foreclosure, loan problem, and debt.  From July to September [more...]

Date: 2008-11-17 15:22:22

How to Prepare for the Economic Worst

How to Prepare for the Economic Worstby Gary KahIt has been a hectic time for both our family and ministry ... . This would require the complete elimination of numerous government programs, agencies and departments ... . Altogether, there is at least $50 trillion of bad debt from the mortgage crisis still needing [more...]

Date: 2009-01-12 23:17:00

Foreclosure Scams To Be Aware Of

Homeowners facing foreclosure should be aware of unscrupulous lenders and scammers ... to them. They will then collect rent from the property and fail to make payments on the mortgage ... from liability of the debt. Consult with your attorney before agreeing to any deal that involved your home [more...]

Date: 2009-01-14 11:23:37

Mortgage Rates - Mortgage Home Calculator

It’s really a jungle of information out there. For beginners or first-time home buyers, home mortgage loan should work just any other loans, ... on your debt-to-income ratio. If you make barely enough to cover for your debts, you’ll have to pay a higher home mortgage rate. Compare this to someone who takes home a monthly income that far surpasses [more...]

Date: 2008-10-29 19:52:45

Follow Your Dreams Part II

No matter what I say, no matter what I do, and no matter how much I try to ignore it, I can never quite get beyond THIS ONE POST ... more. Law firm haters have held their own burning parties. Law firm lovers have been as baffled ... about the ills of collaterized debt obligations and sub-prime mortgages, and the collapse of venerable [more...]

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

Maloni: What Now for Fannie & Freddie?

"While Fannie Mae and Freddie Mac as corporate entities may not be needed, ... mortgage debt was backed by the full faith and credit of the Treasury. After 1968 this guarantee ... is up in the air. What’s happening now, as it were, is an ongoing consolidation back onto Uncle Sam’ [more...]

Date: 2008-11-05 19:22:01

How the Economic Crisis Will Help Clean Tech

Tom is an investment blogger who brings readers ideas for investments in clean energy at AltEnergyStocks.com. The Solar Investment Tax Credit has been extended, and the market for mortgage debt "rescued ... , and project developers. On the other hand, changes in the ITC (allowing it to offset the AMT, and removal [more...]

Date: 2008-10-08 07:24:59

We can’t predict anything in financial markets, let’s stop fooling ourselves and the public

Sand in the Gears. Image by JFabra [de nuevo en Am?? ... to markets won’t be enough to solve the problem: “But merely making credit available via bailouts ... economy. Take a mortgage. That’s a piece of debt (what you, the punter, owe the bank), and that debt [more...]

Date: 2009-01-09 08:52:18

A Buyer of Structured Settlement Annuity Can Lead the Way to Financial Relief

We could all use a little bit of relief these days – in the financial arena to be sure ... and our families through the tough times. But when debt is piled on your back, mortgage payments are staggering, property tax is unseemly, school loans are due, car payments have to be made, health insurance keeps [more...]

Date: 2009-01-14 03:07:18

Wall Street bailout plan to include more than bad mortgage debt: Feds to absorb unpaid bar bets, inadvertently laundered postage stamps, unredeemed soda cans and insufficient tooth-fairy disbursements

Totally absurd? Think twice: In the dark of night over the weekend when most people were snoozing, the Treasury dramatically expanded its bailout plan to include buying student loans, car loans ... in draft language that also opened the bailout program to foreign banks with extensive loan operations [more...]

Date: 2008-09-23 06:05:06

AIG (AIG): Recycling Debt Without Paying Anyone Back

AIG is ready to repay the Fed $40 billion. The money will come from preferred shares it raised with backing from Treasury ... has funded. Banks may still face substantial write-offs from consumer debt and their exposure to mortgage ... the value of their own loans. The only answer???more money. Cure the default by risking another one down [more...]

Date: 2008-11-26 11:01:31

my new studio

Now I've gone and done it. In the midst of the financial crisis and global markets melt down which has totally effected our lives ... two kids to feed, a mortgage, credit debt I could go on an on with the giant list of bills — did [more...]

Date: 2009-01-15 22:43:31

MORTGAGE FOR BAD CREDIT

If you would like to buy a new home or have some improvement plan but you are in the situation of poor credit score and it is hard to gain the trust ... in the country, and you can also use their programs to help you on debt consolidations, mortgage refinance [more...]

Date: 2008-11-13 07:17:06

Rogers joins Democrats, gets ready to check out

As an unelected attorney general, Nancy H. Rogers did not follow an especially partisan path in office ... press release of her seven-month term, Rogers joins 20 Democratic attorneys general from around ... bankruptcy judges to modify the terms of mortgages to reduce owner debt. Judges already have that power [more...]

Date: 2009-01-06 21:47:46

Consumer deleveraging: only just begun?

Yesterday, the Federal Reserve reported that outstanding consumer credit for November fell a worse-than-expected $7.9 billion, lending support to the notion that the consumer is deleveraging. However, based on the accompanying graph of year-over-year changes in consumer credit and mortgage debt relative to GDP [more...]

Date: 2009-01-08 06:26:08

81,312 Foreclosures in September. More Than Just a Number.

Well the September foreclosure figures are out from RealtyTrac ... to Read If You Live In The Real America, Be Patriotic. Go Shopping And Run Up Credit Card Debt ... foreclosures. Delinquent mortgages, like credit card defaults, do not have to turn into a financial train [more...]

Date: 2008-10-23 18:12:09

The State of Lending: Trader Uncertainty Anyone?

The Chinese have a saying: “May you live in interesting times” ... was meant to buy bad mortgage debt. Last week, however, those plans changed. Instead, the $250 ... decisions. Advertisement: Real Estate Investing Forums [more...]

Date: 2008-10-27 18:56:44

Foreclosure Help is On the Way

The freeze on foreclosure sales and evictions has now been frozen until the end of January, ... mortgage debt for people filing for bankruptcy. The IRS is also stepping up to the plate to assist ... payments, many of the homes in question carry IRS tax liens. Over 600,000 such tax liens are filed [more...]

Date: 2009-01-13 03:52:55

Economic Apocolypse: What if?

Economic Apocolypse: What if? September 29th, 2008 By JAZZ SHAW, Assistant Editor What if the stock market fell from 11,000 to 5,000? What if loose credit evaporated overnight? What if people who took outrageous mortgages and debt ... ? What if credit became tight to the point where average households couldn’t have nine credit cards [more...]

Date: 2008-09-29 23:48:42

Poll: How Are Your New Year’s Resolutions Going So Far?

With a new year comes new resolutions for many. Some people choose more personal goals such as losing weight, exercising more, ... , I want to get rid of clutter. It isn’t so much the little stuff collecting dust around the house ... debt free, minus a relatively small mortgage balance, by the end of 2010.  So, how [more...]

Date: 2009-01-08 14:44:41

How to Live More Simply, and Why It Is So Important

  cades cove sunrise photo by Lee Coursey These days there are a lot of arguments being waged on the benefits of paying down debt, ... paying off their mortgage early, and it was generally well-received.  However, I received a number [more...]

Date: 2008-08-11 11:00:37

How Our Gutless Media Helped Trigger the Credit Crisis

By Trudy Lieberman, Columbia Journalism Review. Posted November 20, 2008 ... on a card issued by another lender. This practice has caused credit-card rates for some people ... and helping to pile on debt that has contributed to mortgage foreclosures. But then-Governor Eliot [more...]

Date: 2008-11-21 01:28:57

Lending Club P2P: Review of New Post-SEC Changes, Free $25 Lender Bonus

Now that LendingClub has finished their SEC filing and is one of the only P2P lenders currently operating ( ... 660 with a debt-to-income ratio (excluding mortgage) below 25%. In addition, your credit history ... you get. Then you can simply compare this rate with your other options - credit cards, home equity loans [more...]

Date: 2008-12-14 14:30:58

Mapping Your Financial Future: A Guide - Part 2

by Mike Lazear, PIC Current Assistant Producer This is the second of our three-part series on mapping your financial future ... of personal debt, whether it is from a mortgage, a car, credit cards, or all three ... to go about obtaining one: Sallie Mae - Sallie Mae is a trusted loan provider. Their website will answer any [more...]

Date: 2008-10-14 14:00:21

Cato and the Financial Crisis

A libertarian friend recommended as “great” this missive from Cato President Ed Crane making the case that if only we’d listened to the libertarians ... , there is a market perception that Fannie Mae and Freddie Mac mortgage-backed securities and debt carry [more...]

Date: 2008-11-29 17:36:19

Affiliate Program Review: T3Leads.com

It seems that new affiliate programs are popping up all the time, ... are in niches including: Debt Settlement Credit Cards Pay Day Loans Insurance Tax Debts Mortgage [more...]

Date: 2008-12-15 05:04:37

Mortgage Mania 26 - …And Henry Giveth Again

You would have to be living under a rock to have missed this today, so here is a newsflash for all you subterranian dwellers ... up mortgage assets, consumer credit card debt and car loans. In his article, “Fed bets $800 billion ... securities backed by auto loan and credit card debt. Hmmm, let me see if I get this straight [more...]

Date: 2008-11-26 04:30:52

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

Get Paid To Get People To Fill Up Forms!

Hey, have been down with a bad flu lately so I was not able to post on my blog lately. I am back now with more great stuff to share with you ... Of Website They Have Payday Loan Auto insurance Debt Home Improvement Auto Loan Insurance Mortgage Loan Renter Insurance Student Loan Consolidate You will noticed most of it are in the load [more...]

Date: 2008-09-11 01:57:22

Fed Sees Economy Improving, Slows Buying of Mortgages

The Federal Reserve said that the US economy was in recovery after a severe downturn and decided to slow purchases of mortgage debt to extend that program’s life until the end of next March. Bonds Erase Losses as Fed in For Long Haul Klik her for at læse hele nyheden [more...]

Date: 2009-09-23 19:55:03

Three Easy Steps For Climbing Out Of Debt

Yesterday I read a weeks worth of all the blogs I follow and one spoke about debt, specifically credit card debt. Some people rack up tens of thousands of dollars worth of credit card debt which to me seems ... dodged the credit card trap may still have mortgages, student loans car payments, etc. While debt [more...]

Date: 2008-12-29 02:54:00

Consumer Advice to Ring in the New Year

December 23, 2008 FTC News Release: Nine Consumer Tips to Make the Most of 2009 As 2008 draws to a close, ... credit report with no strings attached. To learn more about credit, mortgages, debt collection ... the Federal Trade Commission has nine consumer tips that can yield big dividends next year [more...]

Date: 2008-12-23 18:24:31

TEXAS FAITH: Can we have an economy without greed and fear?

This week's Texas Faith question deals with the economy, which clearly has everyone's attention. The situation seems like an age-old tale of greed and fear. Financial houses were doing all they could to sell risky mortgages and complex debt swaps so their bottom lines could grow and they could [more...]

Date: 2008-10-13 23:25:43

What Did Hank Know? And When Did He Know It?

The indispensable Carol Loomis takes on AIG in Fortune. Having an overview of the government’s bailout (and re-bailout) ... of collateralized debt obligations (CDOs) that were loaded with mortgage securities, some of them ... from AIG’s healthy insurance businesses, which could then be sold for enough money to repay [more...]

Date: 2008-12-25 15:00:41

Leading Democrat offers mortgage aid bill (Reuters)

WASHINGTON (Reuters) – The second-ranking Democrat of the U.S. Senate on Tuesday introduced legislation that would let bankruptcy judges erase some mortgage debt in an effort to stem foreclosures. The bill drafted by Sen. Richard Durbin would help millions [more...]

Date: 2009-01-06 22:29:25

Why Government Interaction is Ruining the Marketplace

In a deal that was set to finalize at the turn of the year, ... . Unfortunately, throwing money at the problem du jour, is the wrong solution. Rather than deal ... the government has made to this point has been to purchase $600 billion in debt and mortgage-backed [more...]

Date: 2009-01-15 16:19:33

Distressed Debt Specialists See “Bonanza Year” in 2009

John Paulson, who runs the $36 billion hedge fund firm Paulson & Co., is looking to buy distressed mortgages and distressed debt, despite being bearish on the overall ... in a 2009 outlook to investors that he is interested in investing in debt restructurings, bankruptcies [more...]

Date: 2009-01-14 11:00:11

How Saving has Enabled Us

“Save your money, and one day it will save you” -old African proverb Moneymonk shared the above in her Friday quote post last week ... pretty much debt free, with the exception of our home mortgage and credit card balances, which are paid ... Finance, check back every Wednesday for a new segment. This is not financial advice. Please consult [more...]

Date: 2009-01-14 12:38:00

A Personal Bail Out Program for Consumers Stuck in the Credit Crunch

PASADENA, Calif., Sept. 24 (SEND2PRESS NEWSWIRE) -- Credit Crunch Fix (CreditCrunchFix.com) ... mortgage payments, credit card debt and even utility interruptions. The attorney-created service is not debt settlement or credit repair, nor legal counsel. Credit Crunch Fix allows consumers [more...]

Date: 2008-09-24 16:49:15

Fed Move Takes Rate Markets Into Unexplored Terrain

The Federal Reserve’s unprecedented switch to a range for its key target rate has propelled rate markets into uncharted territory ... of programs, from purchases of agency debt to mortgage-backed bonds to the possible purchases of Treasurys [more...]

Date: 2008-12-17 17:00:26

Congress Proposes Cram-Downs As New Mortgage Solution

The plight of homeowners delinquent on their mortgages has been the focus of much debate lately ... by allowing bankruptcy judges to erase some mortgage debt will be introduced by Congressional [more...]

Date: 2009-01-07 10:21:42

All Your Home Loans Are Belong To Us To Boost Liquidity

"The Federal Reserve Bank of New York started buying mortgage-backed securities today as part of a $500 billion program to support the U.S ... . housing market." ∙ New York Fed Begins Purchases of Agency Mortgage Debt Bloomberg ... [more...]

Date: 2009-01-05 15:05:08

Wash Post's Pearlstein: Anyone opposing the bailout is ignorant

(updated below - Update II) Washington Post business columnist Steven Pearlstein has spent the week insisting that only gross ignorance could ... -- our help keeping up the payments on their homes. If we do that, Wall Street's bad mortgage debt [more...]

Date: 2008-10-02 06:15:38

RELIABLE MORTGAGE SOURCE

Home purchasing and home improvement may be hard for you when you are in a situation of bad credit ... , debt consolidations, mortgage refinance, and many more. This is the opportunity for you to start [more...]

Date: 2008-11-13 06:56:02

AIG Up to Its Old Tricks, Yet Another $10 Billion in Losses

The Wall Street Journal reports in a story frustratingly sketchy on key details that AIG has sprung another leak, or more accurately, ... through speculative bets on the direction of pools of mortgage assets and corporate debt [more...]

Date: 2008-12-10 05:04:15

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