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

Blog posts (127) | Videos (29)
 

Things to Consider If You Can't Afford Your Payment

I read a lot of the info. you have on your web page ... thank you. I don't live in San Diego so I'm not looking for a home ... . I wanted to reduce my payments and I was recently offered a neg-amortized loan. While ... different. Unlike the loan market, each commuting area has enough of its own concerns that nobody can keep [more...]

Date: 2008-12-28 15:23:29

Save My House

Save My House There is an attorney-based loss mitigation company with over 20-years of in-depth experience with foreclosure laws ... Amortization Is an 80/20 loan or short term fixed rate then becomes an adjustable rate, 2/28 or 3/27 ... , so they are in effect current Conversion of an ARM (2/28, 3/37, Negative Amortization) to a fixed loan [more...]

Date: 2009-01-15 13:55:19

Cash Flow Versus Balance Sheet Accounting in Real Estate

An email: Greetings, I've recently been pitched the idea of refinancing my home and investing in apartments, or more precise, a four-plex. The idea is to refinance and get a negative amortization loan on my house. With the money I pull out of my home, put a down payment on a four-plex, also with a negative amortization loan. That way [more...]

Date: 2008-11-26 17:38:33

The reset that only partially barks?

By Fester: Alt a august 2008 Last August, I wrote that we should expect to see a tremendous number of Alt-A and prime mortgage problems similar ... mortgages. Two things would work to create payment shock in my implicit model.  The first is loans would stop being interest only and become fully amortized loans where there are principal payments [more...]

Date: 2009-01-14 19:20:04

POLITICAL: Who’s to blame for the election?

Well. clearly, the McCain campaign was a disaster, but is it all his fault. (1) The liberal media certainly was Obama’s chief cheerleader. (2) ... Fannie and Freddie into small regional competitors. The Judiciary could have found that loan agreements that had negative amortization, adjustable into the sky, or other terms as unenforceable as “ [more...]

Date: 2008-11-05 12:21:36

Financial Peace Revisited

We're supposed to read several chapters of Dave Ramsey's Financial Peace Revisited as part of our homework for next week ... owed over the life of the loan is calculated using a standard amortization table. Once you sign ... financing, but we buy one and sign the loan papers. We don't have knowledge of the implications [more...]

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

A Good Credit Report Is Important

Building a good credit history is something that many deem as easy but perhaps harder as time passes ... , a good credit record would not usually be in their minds since they settle the monthly amortization ... a loan without anything to pay it back. Finally, despite good credit history on your part, you may [more...]

Date: 2009-01-05 15:42:08

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

Small Commercial Mortgages - Current Options

Small Commercial Mortgages - Current Options Posted by Dark Spider at January 4, ... fixed with 20 year amortization type loan structures. For example, there are still banks and lenders ... and can be more work than larger commercial loan request, with the bigger pay day. So if you’re [more...]

Date: 2009-01-04 12:07:27

How the West was mortgaged

How the West was mortgaged If this were a whole book, I'd maybe possibly understand the sub-prime lending thing better ... tickled to be able to offer you and your husband the finest 5/1 negative-amortization loan this side [more...]

Date: 2009-01-12 14:56:28

Housing Bubble Death Trap

(This blast from the past originally appeared June 7th 2006, and it wasn't my first such article. It's still relevant, though ... who bought too much house with an unstable (or insufficiently stable) loan. I just picked a couple ... there may be or negative amortization it may have undergone, not to mention the cost of any payments [more...]

Date: 2008-11-15 16:43:52

Why Cash Advance Feeds Your Addiction to Tech

You’re a tech junkie. You upgrade your cell phone every time your favorite maker introduces a new line to the market ... with. You know these things before actually signing up for the loan so you get a clear idea what to expect in amortization ... reason than to save you a few bucks off your addition-feeding purchases, take a cash advance loan. Why [more...]

Date: 2009-01-06 15:46:12

Short Sale: One Way for Homeowners to Avoid Foreclosure

If you are having extreme difficulty in paying your monthly mortgage amortization, consider turning to short sale to avoid foreclosure ... another home loan when things get better at least one year after the sale. Foreclosure almost always removes a consumer’s chance of taking another home loan in the future. A short sale is a real estate [more...]

Date: 2009-01-14 18:07:29

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

Niall Ferguson's "The Lessons of Detroit"

Here's an excerpt from Harvard financial historian Niall Ferguson's massive Vanity Fair article explaining it all: "Wall Street Lays Another Egg:" ... mortgages, without amortization (repayment of principal), even when the principal represented 100 percent ... , with the cost of the loan backloaded. All of these devices were intended to allow an immediate [more...]

Date: 2008-11-07 12:06:22

Sprint Continues To Shrink; Credit Terms Amended

“Sprint” is not something Sprint Nextel (S) has managed to do for a long time; maybe they need to change the company’s name to “Splint ... . The company posted adjusted EPS before amortization of zero cents, below the Street consensus of three ... down $1 billion on the old loan. The new agreement allows Sprint to reach a ratio of total [more...]

Date: 2008-11-07 14:58:17

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

Home Prices - How Did They Get So High?

It seems that the real estate bubble has burst, but how did home prices get so high anyhow? ... From Low Interest Rates Take out an amortization book or find one of those payment calculators online ... paying this much in the early 80s. For example, a 30-year loan of $200,000 would cost you $2,292 [more...]

Date: 2009-01-14 06:37:08

Wasting away

Not a day goes by here without new arguments why interest rates won’t rise. They go like this: The weather’s been good since last winter ended. People are enjoying it. They play and prosper in the sun. If the snows come it will be bad. We are not ready. We will suffer. Therefore the government will not allow it to be so. Other variations, too. Like pointing to Japan where rates have stayed low for two decades. Or claiming central banks will print money, buy all the bonds, and keep rates low. [more...]

Date: 2009-09-29 01:48:24

Mortgage And Loss Mitigation Information

By Randy Scott The plan will likely c home loan modifications, and discourage foreclosures, perhaps even having a positive impact on prices and foreclosure rates. According to the latest numbers, pricing on single-family homes in the top twenty metropolitan areas in February had dropped by at least 18 percent from the year before, but the rate of change has slowed showed some hope for the distressed housing market. [more...]

Date: 2009-09-27 23:03:27

ARMs Are Not That Difficult to Understand

by Jules C. Hooker In addition to all of the other decisions you have to make when you are choosing a mortgage, such as whether to go fixed or floating rate, how much down payment to make and how many points to pay, lenders have further complicated everything by offering a wide range of choice of indexes for ARMs (adjustable rate mortgages). The index of an ARM (Adjustable Rate Mortgage) is the underlying standard upon which the rate changes will be made. [more...]

Date: 2009-09-27 09:13:08

The Secret to Understanding ARMs

by Jules C. Hooker You have a lot of choices to make in buying a home and deciding upon a home loan, and in today’s confusing mortgage world, you now also have to choose the index that you want for your Adjustable Rate Mortgage (ARM). When we speak of the “index”, we are talking about of the base financial instrument that the adjusting rates will be based upon. Today, banks use different indices, such as the rate on government debt , or the Fed Fund rate or the London Interbank Offer Rate(LIBOR). [more...]

Date: 2009-09-28 12:04:09

Alt-A Loans and Option ARMs meet Strategic Defaults: The Perfect Recipe for a Toxic California Housing Market in 2010. Behavioral Economics of Housing and Top 7 California Regions with Active Alt-A Loans.

The last week for whatever reason saw the resurgence in mainstream articles covering the option ARM fiasco.  Even those who are purported to be financial experts still miss the bigger picture.  That is, they fail to understand that the category of Alt-A loans covers the vast majority of option ARM s and Alt-A is basically a category assigned to loans that were no-doc or low doc, had weaker credit scores, and low to zero down payment.  In other words, mortgages that make Medusa look like the [more...]

Date: 2009-09-23 05:04:26

How Online Loan Calculators Can You Time And Money

by Dennis Shirk Do you ever feel like you know just enough about loan calculators to be dangerous? Let’s see if we can fill in some of the gaps with the latest info from loan experts. How much should your down payment be? Most experts recommend at least 20 percent. Consolidation loans also have varying repayment plans. Use the links below to determine your repayment amounts under each of the different plans. You can then see what your monthly payment would be with a consolidated loan. [more...]

Date: 2009-09-28 10:46:28

Why Mortgage Calculators Can Be Useful For Comparing Loans

by Justin Rickert Have you ever wondered what exactly is up with free mortgage calculators? This informative report can give you an insight into everything you’ve ever wanted to know about the formulas used to calculate mortgage payments. Mortgage calculators can be found on a numerous websites. Lots of these websites are run by banks and mortgage lenders and others are run by those who just wish to provide internet users with helpful information. [more...]

Date: 2009-09-25 21:20:45

5 Top Reasons For Credit Card Consolidation - Credit Card Debt Consolidation

Amazon.de Widgets Credit card consolidation is a common practice these days as it can save an extremely large amount of cash over the life term of the credit card debt. This process entails transferring all outstanding balances from various high APR credit cards to credit cards with a much lower interest rate, or possibly even a credit card that is offering a  zero percentage APR for balance transfers, of which there are many.The reasons why credit card consolidation could be the ideal solution [more...]

Date: 2009-09-22 19:20:45

The Secret to Understanding ARMs

by Jules C. Hooker In addition to all of the other decisions you have to make when you are choosing a mortgage, such as whether to go fixed or floating rate, how much down payment to make and how many points to pay, lenders have further complicated everything by offering a wide range of choice of indexes for ARMs (adjustable rate mortgages). The index is the underlying instrument that is used as a basis for the adjustment of the mortgage rate. [more...]

Date: 2009-09-24 18:49:37

The Key to Understanding ARMs

by Jules C. Hooker In addition to the many decisions you have to make when you are choosing a mortgage, such as whether to go fixed or floating rate, how much down payment to make and how many points to pay, lenders have further complicated matters by offering a wide range of choice of indexes for ARMs (adjustable rate mortgages). When we speak about the index for an ARM, we are talking about the instrument that the adjustments to the loan rate will be tied to. [more...]

Date: 2009-09-22 10:00:59

ARMs Are Not That Difficult to Understand

by Jules C. Hooker As if there were not enough decisions to make when you are buying a house and getting a mortgage, lenders now have such a wide rang of ARMs (adjustable rate mortgages) and the borrower even has to choose the index upon which the ARM will be based! The index of an ARM (Adjustable Rate Mortgage) is the financial standard upon which the adjustments will be made. Various indices are used, including government treasury instruments, the Fed Fund rate or LIBOR. [more...]

Date: 2009-09-24 18:59:41

Why Mortgage Calculators Can Be Useful For Comparing Loans

by Jeff Roberts Have you ever wondered what exactly is up with free mortgage calculators? This informative report can give you an insight into everything you’ve ever wanted to know about the formulas used to calculate mortgage payments. A mortgage calculator will state the amount you need to pay each month. You can also do a backward calculation with many calculators if you are not sure how much you can borrow. Mortgage calculators do more than just tell you how much you can borrow. [more...]

Date: 2009-09-25 21:19:04

2 Main Reasons Why You Should Consider Credit Card Consolidation

Amazon.de Widgets Credit card consolidation will undoubtebly help if you have many credit cards and are starting to lose control of both your repayment schedules and the amount you need to pay to each card provider. Not only can they make your debt way more manageable they can literally save you thousands in interest payments.You may well have heard of credit card consolidation before but have never really checked it out fully. [more...]

Date: 2009-09-22 19:15:10

What DO Smart Homeowners Have In Common? Mortgage Acceleration Learn More

by Jerry Smith Most of your payments go towards paying off mortgage interest rather than paying off principal. f you decide to refinance or move to another home your 30 year mortgage automatically now becomes a 40 year mortgage. For most of us it could take up to four decades to pay off the mortgage. And what if your are extremely close to retiring. Your mortgage could outlast your retirement years and then your kids are left with the financial burden of paying off your home. [more...]

Date: 2009-09-28 12:30:10

WhatAre ARMs Really About?

by Jules C. Hooker Worrying about what kind of mortgage you want to take is hard enough, without also deciding on which interest rate index is going to be the deciding factor on what your interest rates on your Adjustable Rate home loan will be! When we speak of the “index”, we are speaking of the base financial instrument that the changing rates will be based upon. Indices used include the CD rate, the Treasury Bill rate, the Fed Funds rate, the LIBOR rate and, the newest. [more...]

Date: 2009-09-24 19:01:39

70 Free Cool Google Android Apps

Some month back we mentioned about 21 Best Google Android Applications , now today we present you 70 Free Google Android apps, which are divided in categories Like, Tools, Social, Entertainment, Travel and more. They are some of the Best Google Android Apps, am using most of them in my HTC hero. Of you are android mobile user than these apps will really help you to spice up your Android Mobile app. Check out the 70 Free Cool Google Android Apps Below : - Communication 1. [more...]

Date: 2009-09-26 03:16:22

A Mortgage Calculator Can Save You Money by Calculating Overall Mortgage Cost

As soon as it comes to mortgages, there are several fees that are charged that it is at times very confusing and tough to be familiar with what your monthly payments and overall mortgage cost will be. A mortgage calculator can save you lots of money. Although you by now have a mortgage, you would like to determine how fast you could pay off your mortgage if you raise your payments to a certain amount or the amount you will need to pay every month to pay off your mortgage within certain fix time. [more...]

Date: 2009-09-29 18:16:05

Why Mortgage Calculators Can Be Useful For Comparing Loans

Why Mortgage Calculators Can Be Useful For Comparing Loans by Justin RickertHave you ever wondered what exactly is up with free mortgage calculators? This informative report can give you an insight into everything you’ve ever wanted to know about the formulas used to calculate mortgage payments.A mortgage calculator will state the amount you need to pay each month. You can also do a backward calculation with many calculators if you are not sure how much you can borrow. [more...]

Date: 2009-09-25 21:35:12

What’s next for Lee?

Although its stock has been pummeled to pennies per share and its auditors have stated the company is in danger of defaulting on $1.4 billion in debt, Lee Enterprises still produces a larger operating profit, percentage-wise, than ... to make a $142.5 million debt payment due this spring.Because Lee is unlikely to have the cash to pay [more...]

Date: 2009-01-05 04:15:00

The Secret to Understanding ARMs

by Jules C. Hooker You have a lot of choices to make in buying a house and deciding upon a home loan, and in today’s confusing loan world, you now also have to choose the index that you want for your Adjustable Rate Mortgage (ARM). The index is the underlying instrument that is utilized as a basis for the change of the mortgage rate. Various indices are used, including government treasury instruments, the Fed Fund rate or LIBOR. [more...]

Date: 2009-09-25 07:33:21

Loan Calculator Tips To Help You Get A Better Rate

Loan Calculator Tips To Help You Get A Better Rate by Christopher RawlingsThe best course of action to take sometimes isn’t clear until you’ve listed and considered your alternatives. The following paragraphs on simple loan calculators should help clue you in to what the experts think is significant.One must be aware that the accuracy of the information provided by an online loan calculator is not guaranteed. [more...]

Date: 2009-09-26 10:37:34

BayDocs Releases Online Origination Tool for Reverse Mortgage Lenders

Northern California based Bay Docs announced the launch of a web-based origination tool for reverse mortgage lenders and brokers. The new application allows brokers and lenders to order reverse mortgage application and closing documents which include the required statutory forms along with calculation forms: instant quote comparison, print screen, amortization schedule, TALC and the closed end truth in lending document. [more...]

Date: 2009-09-28 15:08:43

Loan Modifications

This is Part Three of a series of articles on the foreclosure process. 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: 2008-11-08 19:26:17

Learn The Truth About ARMs

by Jules C. Hooker You have a lot of choices to make in buying a house and deciding upon a mortgage, and in today’s confusing mortgage world, you now also have to decide upon the index that you want for your Adjustable Rate Mortgage (ARM). When we talk about the index for an ARM, we are speaking about the instrument that the adjustments to the mortgage rate will be tied to. These indices may be such instruments as the T-Bill rate, the rate of Federal Funds, or rates based on LIBOR. [more...]

Date: 2009-09-22 10:03:42

Detail Review Of Canada Home Mortgage

Author : Tarun Jaswani A fixed rate mortgage (FRM) is a mortgage loan where the interest rate on the note remains the same through the term of the loan, as opposed to loans where the interest rate may adjust or float Other forms of mortgage loan include interest only mortgage, graduated payment mortgage, adjustable rate mortgage, negative amortization mortgage, and balloon payment mortgage Please note that each of the loan types above except for a straight adjustable rate mortgage can have [more...]

Date: 2009-09-23 09:38:37

Are Foreclosures A Good Investment?

Well, sometimes. Okay, most of the time. But not always. Foreclosures: Bargain hunters beware! Myth no ... of the country, anyone who has owned a home for even a year or two is likely sitting on enough equity to sell or refinance if the loan payments become unaffordable. Used to be true. Not so much any [more...]

Date: 2009-01-02 14:51:55

What The Heck Is ‘DCR’ And Why Should Real Estate Investors Care?

I get this question from time to time, as DCR isn’t as commonly known as some real estate investors might think. It stands for Debt Coverage Ratio ... loan amount. On your handy dandy loan calculator, mine is and will forever more be an HP 12C ... . It’s ratio of Net Operating Income to total annual Debt Service (a year’s loan payments [more...]

Date: 2009-01-11 00:32:23

The Secret to Understanding ARMs

The Secret to Understanding ARMs by Jules C. HookerAs if there were not enough choices to make when you are buying a house and getting a mortgage, lenders now have such a wide rang of ARMs (adjustable rate mortgages) and the borrower even has to decide upon the index upon which the ARM will be based!The index is the underlying instrument that is utilized as a basis for the adjustment of the mortgage rate. [more...]

Date: 2009-09-22 10:02:15

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

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

Dow Chemical’s Tale of Woe

Sometimes, it feels like the whole world is working against you. If Dow Chemical CEO Andrew Liveris is thinking that, maybe he’s right. Suddenly his pending $15 billion acquisition of rival Rohm & Haas looks like an uphill battle, with myriad competing interests who can’t all be kept happy [more...]

Date: 2009-01-02 12:53:00

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