2nd Subprime Crisis Looming?

By Shah Gilani Contributing Writer Money Morning Is the government creating another subprime-mortgage bubble? The first time around, the three-headed federal serpent – the Bush administration, the Treasury Department and the U.S. [more...]

Date: 2009-09-26 23:20:38

Blog posts (141) | Videos (176)
 

Want To Refinance? Good Luck

Interest rates are at historical lows so many homeowners are calling banks and trying to get in on the action. Only problem? ... to sales and mortgage data analyzed by Zillow.com, a web-based real estate services firm. Many ... afford the payments. Justin Miller, a broker with Resource Mortgage Group in Plantation, said [more...]

Date: 2008-12-26 19:33:05

Downturn Pounds Commercial Real Estate

And despite the tone of this article, some people believe it will be worse than the residential crash: Contractors, ... reeling from a historic housing depression. “This is a rolling problem that’s only going ... values. “Businesses need to be able to access the credit market when their debt comes due [more...]

Date: 2009-01-12 15:04:37

Chain Of Fools

The Denver Post reports from Colorado. “Mike Kraft, a Realtor in Loveland, said first-time buyers have an edge in the current marketplace. The property they buy won’t have inflated equity, Kraft said, and many sellers are willing to help with closing costs. ‘It’s a buyer’s market. There’s a lot of inventory out there,’ he said [more...]

Date: 2009-01-04 18:13:27

Get The Best Home Mortgage Loans

by John Bear Planning to refinance your current mortgage? There are actually several options that are available for you ... , receiving cash out at closing, and so many others. Since home loan refinancing would involve taking a new ... makes you uncomfortable, you can now obtain a loan, which needs minimal documents. The best way [more...]

Date: 2009-01-14 21:01:19

Mortgage Calculators Can Help You With Valuable Mortgage Calculations

Mortgage calculators can offer you with useful loan mortgage calculations. A high-quality loan calculator will allow you to make well-informed decision on your mortgage loan whether you plan to purchase a new home, thinking about refinancing a present mortgage loan or just want to be familiar with what your mortgage loan alternatives are. It is extremely significant to take crucial mortgage loan decisions on accurate calculations. Nearly all loan calculators will allow you to achieve that. [more...]

Date: 2009-09-29 18:15:56

Applying Online For Bad Credit Loans

Applying Online For Bad Credit Loans by Chuck LageBad credit is something that most of us have to deal with today. At some point in life you may end up running into some trouble that requires some extra money. Those who have bad credit scores are now able to get the cash that they need without a lot of hassle. Bad credit loans have recently been introduced and there are a few things that you need before you get started. [more...]

Date: 2009-09-27 13:04:19

How to keep on financing wind farms when banks have no money left.

My earlier wind diaries can all be found here: Wind power series Banks are engaged in a massive deleveraging exercise right now. One part of that has been much described and commented upon: the elimination of bad assets ... user of debt finance to get investments done. This means that it is an industry particularly [more...]

Date: 2008-12-23 17:13:33

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

Re-coupled Vengence: From Downturn to Implosion Risks ?

We've spent a bunch of time on the US economic outlook and the news, as you'd expect, continues to move from bad to worse ... the shallowness of the analysts involved grasp. But that's no longer the problem. Accelerating worldwide ... for the European schadenfreude that this was "just" a US problem. Developing Countries They also issued [more...]

Date: 2009-01-15 21:20:15

There Was So Much Money To Be Made

The Atlanta Journal Constitution reports from Georgia. “State regulators issued a prescient warning to Georgia banks three years ago. If they kept lending mostly to real estate developers, the banks were told, they risked huge losses, or even failure, if the housing bubble burst. The warning, however, was just that [more...]

Date: 2008-12-28 17:51:39

Government Intervention in Foreclosure

This is Part Four of a series of articles on foreclosures. This article does not constitute legal advice. Foreclosure laws vary from state to state. Homeowners in financial distress should always hire legal counsel. Call your local state bar association for a referral.  Reduced or free legal aid may be available in some states [more...]

Date: 2009-01-07 07:00:13

Researching A Refinance

Refinance now, secure your future! When the Fed dropped its target federal funds rate to 0.00% - 0.25%, one of the other things it said was that it would be buying up long term debt. This, coupled ... like we’ve hit that sweet spot to at least warrant investigation. Our Mortgage Situation My current [more...]

Date: 2008-12-22 14:43:01

Economic Potpourri December 26, 2008

The barrage of noteworthy economic news continues unabated. I took a lot of time off posting Christmas Eve and Christmas ... and corporate debt deplete capital. The industry, which puts about 10 percent of its invested assets ... have not seen a mainstream media discussion of one of the big problems facing life insurers [more...]

Date: 2008-12-26 11:26:00

Weighted Average Cost of Capital Doesn't Include Everything

Or: Figures don't lie, but Liars Sure do Figure! We've got a lot of people with loans in the low fives, interest rate wise, ... : $350,000 first at 5.25% $100,000 second at 8.5% $50,000 consumer debt at 12% This person then used ... that there's enough equity in the property to absorb the full amount of excess debt without PMI. Robert [more...]

Date: 2009-01-11 17:50:23

Financial Forecast for 2009, Considering Resource Limitations

In this post, I consider some major issues contributing to our current financial problems, before making a financial forecast for 2009. These are 1 ... from the bottom: Layer 1. Household Debt (Mortgages, auto loans, credit card debt, student loans ... debt-based financial system operating. 3. Where we are now, and the role reduced resources [more...]

Date: 2009-01-06 15:10:32

FHA Mortgage Insurance Fund Down 40%

Mortgage Law Central reports today on FHA’s Oversight Capability.  The House Committee on Financial Services held a hearing to look into the recent Business Week story alleging that predatory lenders are alive and well originating FHA loans. The committee listened to testimony from HUD on the approval process for FHA lenders, [more...]

Date: 2009-01-14 22:30:06

Benefits of Re-Financing

Benefits of Re-Financing Refinancing may be a good financial decision if you can seize its benefits but sometimes, ... favorable conditions. Some of these profits include lower monthly payments, debt consolidation ... they’re repaying a smaller debt than the original purchase cost of the house. Debt Consolidation [more...]

Date: 2008-12-09 12:55:03

Rethinking The Early Mortgage Payoff

By Julie Rains The borrow-at-a-low-interest-rate-and-invest-to-get-greater-returns mentality was so embedded in our ... mortgage payoff question is: if you weren't using your money to pay off the mortgage, what would you be using the money for? Here are some alternative uses of extra cash: Pay off non-mortgage debt [more...]

Date: 2009-01-09 15:41:42

Guest Post: Obama Plan Is Bold, but Not Bold Enough

As details emerge about the incoming Obama administration’s stimulus plans, Peter Boone and Simon Johnson argue that proposals should be even bolder. Boone is chairman of Effective Intervention, a U.K.-based charity, and a research associate at the Centre for Economic Performance, London School of Economics, [more...]

Date: 2009-01-07 09:09:48

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

Stopping Home Foreclosure

A Foreclosure Prevention Service has numerous ways it can help you deal with the foreclosure process ... when homeowner makes satisfactory arrangements to bring the overdue mortgage payments current. Loan ... time. Mortgage Refinancing: In most cases, once foreclosure has started, homeowner [more...]

Date: 2009-01-15 04:37:09

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

My Predictions for 2009… and What I Got Wrong in 2008

Hi Guys, Happy New Year! It’s been a while since we last caught up. I hope you are well and that you had a wonderful holiday and a very happy New Year. I was on vacation for the holidays. We had a terrific break. We took our three boys to Disney World. What a treat! We go once a year usually around President’s Day weekend [more...]

Date: 2009-01-06 21:43:37

Top 17 Reasons Homeowner’s Default On Their Mortgage

Top 17 Reasons Homeowner’s Default On Their Mortgage Posted by Aaron Rice under For Buyers, For Realty Professionals, For Sellers, ... 16. Too much debt 17. Inheritance Most mortgage companies or lenders require the hardship letter ... who contact us on a daily basis to help determine the value of their assets. You can be sure [more...]

Date: 2009-01-15 14:59:13

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

Memo to The Banks

Memo to The Banks: Lend or Else DAVID SMICKBack in the early 1990s, when Fed Chairman Alan Greenspan was still considered "the Maestro," ... a discussion of 1980s tax and interest rate policy. That's not what I got. Greenspan theorized ... and bridges, more generous unemployment insurance, and tax credits hardly constitute "audacious [more...]

Date: 2009-01-12 18:01:00

S&P's Puts Spanish Sovereign Debt On Ratings Watch Negative

Spain yesterday became the third euro zone country within a week to be warned by rating agency Standard & Poor's that its credit rating ( ... finances.The gap in bond yields between the benchmark German bunds and the sovereign debt of Spain ... fallen.One year ago the financing of Spanish government debt was barely more expensive than [more...]

Date: 2009-01-13 10:11:00

S&P's Puts Spanish Sovereign Debt On Ratings Watch Negative

Spain yesterday became the third euro zone country within a week to be warned by rating agency Standard & Poor's that its credit rating ( ... finances.The gap in bond yields between the benchmark German bunds and the sovereign debt of Spain ... fallen.One year ago the financing of Spanish government debt was barely more expensive than [more...]

Date: 2009-01-12 22:13:00

Joe Strummer: My thoughts on the looming crisis

“Joe Strummer” is the pseudonym of a frequent commenter on BloodhoundBlog. He runs a weblog of his own — under a different pseudonym — and leads a life of joy, contemplation and undisturbed privacy under his real name. But no matter how he is denominated, Strummer is an expert in the Austrian School of Economics, [more...]

Date: 2008-12-21 03:05:51

Equity Line of Credit:Is this the Answer to Your Financial Needs?

by Doc Schmyz We all know by now that home owners have a hidden savings account…its called HOME EQUITY ... Line of Credit? With a typical loan, which deposits a set amount of money in your account and begins ... asking for a new loan when you have paid it back. What can the HELOC be used on?? We can all find [more...]

Date: 2009-01-05 19:12:07

We're All Keynesians Again

We're All Keynesians Again Nobody can accuse the government and the Fed of inaction. GEORGE MELLOANIn 1935, six years after the 1929 Crash, the U.S. remained mired in the Great Depression -- as it would be for five years more. At a congressional hearing, then Federal Reserve Chairman Marriner Eccles told Rep. Thomas Alan Goldsborough (D., Md.) [more...]

Date: 2009-01-13 17:58:00

4 Advantages of Loan for Bill Consolidation

4 Advantages of Loan for Bill Consolidation Subscribe To Our Feed Many Americans are deep in debts that they are not in a position to repay ... with all of them. For such people a bad credit card debt consolidation loan could advisable to club ... of loan consolidation may give you the advantage of lowered interest rates. The credit card [more...]

Date: 2009-01-15 03:30:54

All Time Low Mortgage Rates For A++ Borrowers Only

As discussed on December 31, 2008 many homeowners attempting to lower their mortgage rate apply for a refinance, ... income (debt ratio of 32% or less) and substantial equity in the home (loan to value of 75% or less ... and won’t get approved. Only about a third of U.S. mortgage debt outstanding is likely to qualify [more...]

Date: 2009-01-15 08:09:46

TARP is in the headlines again!

Financial markets are still stressed. And given that Secretary Paulson has already appropriated TARP funds in excess of the first $350 billion, it is not surprising that Pres. Bush is drafting up a request for Congress to release the final $350 billion in TARP monies (with an interesting political tie to Obama) [more...]

Date: 2009-01-11 19:04:08

A Lot of Homes for Sale

A Lot of Homes for Sale A Lot of Homes for Sale Many experts believe that a housing market recovery is just what's needed to revive the ... the heart of the housing crisis, and until those issues are resolved, analysts say, recovery will remain ... housing and rein in spreads on related debt and securities. Some of the worst-affected areas [more...]

Date: 2009-01-15 19:54:30

Roundup: Catching Up My Feed Reader Edition

It’s been a while since I hit the feed reader–I mean a long, long while! ... will be the best year for individual savings this decade.”  I can’t help but feel that as soon ... Plan Can you think of 20 things that rock about being debt free?  NCN can!  We are not quite there yet [more...]

Date: 2009-01-04 11:00:15

Bring Back Paternalism in the Mortgage Market

Not Responsible—Tom Jones Now let me ask you something: Have you ever felt that you weren’t responsible for the things that you do? I do not like government paternalism. When Ronald Reagan came to power and began our 25 year experiment with government deregulation, I thought it was a good idea [more...]

Date: 2009-01-12 15:43:03

Disingenuous New York Times Story on Global Imbalances

Since I am endeavoring to spend some time with my family, forgive me for dispatching this New York Times story, "Dollar Shift: ... surpluses and oversaving). Bernanke chose to position the problem as a "savings glut" which had the convenient effect of placing responsibility for the problem overseas, particularly on the Chinese [more...]

Date: 2008-12-26 07:21:29

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

Refinancing When You Owe More Than The Home Is Worth

I've been looking around for an answer to this but my searches haven't returned anything useful ... now, that's 50% equity even if you didn't have a down payment. So people who bought for $180,000 were refinancing ... $225,000, that's one loan at 6.25%, with a payment of $1089.82. This cuts $86.49 off the monthly [more...]

Date: 2009-01-08 09:54:12

"Fill in the Blank" Wants A Bailout: More cheery news: The Wall Street...

More cheery news: The Wall Street Journal reports that commercial real estate developers are now headed to Washington, D.C ... of commercial real-estate debt coming due, some of the country's biggest property developers have become the latest to go hat-in-hand to the government for assistance. They're warning policymakers [more...]

Date: 2008-12-23 00:52:44

Personal Bankruptcy - The Correct Time To File For It

The personal bankruptcy can prove to be beneficial for the debtor, since filing for Chapter 7 bankruptcy under the Bankruptcy Law, can help the debtor in eliminating debt. But, it’s important to designate some of the assets owned by the debtor as “exempt” and save them from the liquidation process to avail the maximum benefit. [more...]

Date: 2009-09-26 09:02:52

Refinancing Your Property with Less Income Then You Had When You Bought

Hello, When my husband and I bought our home 2.5 years ago (two bedroom condo) we qualified for the loan ($250,000) based on both our incomes. Then I had a baby and stopped working. We've never missed a payment or even been late, and we're getting by just fine by being frugal [more...]

Date: 2009-01-12 14:37:32

More Industries Saddle Up To The Bailout Trough

Director Blue on the newest group to want a free handout: ... -estate debt coming due, some of the country’s biggest property developers have become the latest to go hat-in-hand to the government for assistance. They’re warning policymakers that thousands [more...]

Date: 2008-12-22 17:35:49

Leverage and the world in 2009

A recent article focused on satellite radio and the merger of XM and Sirius ... . Approximately $3B in debt is outstanding for the company; since they are not cash flow positive to any ... above, a rough guess would be that they would have to pay maybe 20% interest rates to roll [more...]

Date: 2009-01-06 03:29:19

Effective Immediately - No Refi’s For Borrowers with Modified Loans

1/5/09 - EFFECTIVE IMMEDIATELY - Modified Loans are Ineligible For Fannie/Freddie Refi’s, while FHA MAY Be Eligible ... , resulting in either absolute forgiveness of debt or restructuring the debt through either ... of the original mortgage debt to a “soft” subordinate mortgage; or Conversion of any portion [more...]

Date: 2009-01-12 17:52:15

Debt Consolidation Refi Loan - Refinance and Get Out of Debt

Before mortgage interest rates begin to rise, homeowners must take advantage of low rates and refinance their mortgage ... to become debt free. What Are Debt Consolidation Refi Loans? Consolidating debts has become an effective means for reducing and eliminating debts. Many people have more debt than they can handle [more...]

Date: 2009-01-15 06:43:03

Deals of the Day: Automakers Get Bottomless Bailout

Deals of the Day, compiled by Stephen Grocer and Heidi N. Moore, gathers all the biggest news of the morning related to mergers and acquisitions, bankruptcies, financing and private equity. You can bookmark Deal Journal for easy visiting throughout the day at http://blogs.wsj.com/deals. DEALS EMAILS [more...]

Date: 2008-12-30 13:13:50

Deals of the Day: Automakers Get Bottomless Bailout

Deals of the Day, compiled by Stephen Grocer and Heidi N. Moore, gathers all the biggest news of the morning related to mergers and acquisitions, bankruptcies, financing and private equity. You can bookmark Deal Journal for easy visiting throughout the day at http://blogs.wsj.com/deals. DEALS EMAILS [more...]

Date: 2008-12-30 16:13:00

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