Dealing With the Sub-Prime Crisis and Home Loan Modifications | ArticlesBase.com

The United States of America is considered the world's greatest when it comes on to capital and investments opportunities. Other countries especially third world depends on the U.S. for advice and/or loan development. In the early 2000's, there was excess capital world wide, the number of sub prime mortgage loans rose significantly. No one did imagine there would be a global financial crisis and everyone investing their hard earned money was only concerned about where to invest to make a higher return. [more...]

Date: 2009-09-28 15:13:53

Blog posts (160) | Videos (185)
 

Mortgage Rates: Few Tips For Getting A Good Deal

Home mortgage helps you for biggest investment you’ll ever make in your life is possibly your home. You must have spend time searching for your dream home, gone through all the anxiety of buying it, putting in it up and made it your own. The fiscal and touching values tied to your home are immeasurable. It is just unbelievable what it would feel like to look at that dream slip away, on the other hand for several Americans that are the truth that they face in this time of global slump. [more...]

Date: 2009-09-29 09:50:12

How To Obtain A Mortgage Loan Modification To Prevent Foreclosure

In today's economic environment, mortgage foreclosure hurts everyone. The homeowner's credit score is destroyed and, most importantly, they are forced out of their homes causing them to lose everything they put into the property. The homeowners' neighborhood loses as property values decline, crime rates go up, and the tax base evaporates. And the lenders lose because the cost of foreclosure is extremely high and they must report foreclosures as non-performing assets. [more...]

Date: 2009-09-28 15:17:38

Refinancing Auto Loan: The Right And The Wrong Way!

September 27, 2009 | By Asem Eltaher In Finance | by Asem EltaherIn our down economy and hard times, everyone will tell you that they have cut down so much of what they usually spend due to the hard economic times. Some have lost a lot while others are just hanging on. People are doing everything they can to make sure that they stretch their check so that it lasts as long as it possibly can. One of those things that people are doing to see this through is refinancing auto loan. [more...]

Date: 2009-09-27 15:30:41

Taxes on Short Sale, Loan Modification & Mortgage Foreclosure 7 Nov08 Bankruptcy & Insolvency

Tax on 1099C, Cancellation of Debt Income; Short Sale, Loan Modification & Foreclosure. Exception; Mortgage Forgiveness Debt Relief Act, Bankruptcy & Insolvency. Go To RealEstateMarketingThisWeek.com Part 7 (Excerpt) Beware of grandiose claims when dealing with a loan modification firm. You know I am glad that were back, when we went to the break we were talking amongst ourselves about some of these concepts, I really want to bring this back down to the listeners. [more...]

Date: 2009-09-29 17:30:06

REPORT: Aston Martin in jeopardy as parent company Investment Dar in financial turmoil

Filed under: Performance , Aston Martin , Earnings/Financials , Luxury Is Aston Martin on the brink of insolvency? Britain's Guardian is reporting that the Kuwaiti fund that owns half of Aston is having trouble refinancing the debt it's incurred during the recent global economic crisis. It hasn't help that the fund failed to report its 2008 financial records on time and subsequently had trading halted on its shares. All isn't doom and gloom, however. [more...]

Date: 2009-09-29 15:29:00

A bloody mess…

F or reading up on commercial real estate, Robert Knakal’s blog is one of my favorite sites.  His topics are of interest.  He has good commenters that are knowledgable about the commercial real estate business and his writing is accessible to the layperson.  His latest post is the perfect summary of the significant problem facing commercial real estate properties, a problem that will plague commercial real estate for years, as it is estimated that there will be in excess of $ 1 trillion [more...]

Date: 2009-09-29 19:18:07

John Paulson Playing Matchmaker For IndyMac And CIT

Hedge fund manager John Paulson could be mulling the merger of banks CIT and IndyMac. It's one potential solution for the two troubled institutions which Mr. Paulson has substantial debt and equity stakes in. New York Post: A marriage between the two banks would help IndyMac with its plans to diversify away from mortgages to commercial loans as CIT Group is one of the nation's biggest lenders to small and midsize businesses. It could also help expand CIT's deposits. [more...]

Date: 2009-09-29 12:20:17

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

Bill Gross Investing in Long-Dated Treasuries

Bloomberg reports that PIMCO’s Bill Gross is exchanging his corporate bonds for longer-dated government securities out of concern for deflation. This is a theme that we have written extensively about during the course of the year. Bill Gross , who runs the world’s biggest bond fund at Pacific Investment Management Co. , said he’s been buying longer maturity Treasuries in recent weeks amid a re-emergence of deflation concern. [more...]

Date: 2009-09-29 14:31:19

Need a Payday Loan? Important Tips are Here!

Do you looking for a same day payday loan? The financial help through a no fax payday loan will be a best option for you. Getting a loan on the same day of application is not that complicated because of the increase in payday loans available today. This will help you to manage your unexpected expenses without any delay. You don’t have to waste your time on faxing documents and proofs. If you are not getting approved by one lender, don’t be panic. You can try with other lenders. [more...]

Date: 2009-09-29 18:16:13

Save Thousands by Prepaying your Mortgage

If you’re determined to cancel your home loan as soon as possible this is not a bad idea, you can put extra money towards the loan but there are some things you need to be aware of. Depending on the amount of money you destine every month towards your home loan you could reduce the length of it from months to years and of course you would be paying less interest on the principal as you would be reducing it systematically. [more...]

Date: 2009-09-28 12:35:42

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

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

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

Mortgage Refinance – Tips and Ideas to Help You Apply For Mortgage

Mortgage refinance is one of the best ways to save money and increase savings. Doing your homework in terms of research will definitely help you to avoid the hidden cost and other expenditures. It not only lowers the monthly payment as the interest rate drops but also shortens the tenure of the loan period which is anytime beneficial to clear the debt as soon as possible. [more...]

Date: 2009-09-29 18:16:17

REPORT: Aston Martin in jeopardy as parent company Investment Dar in financial turmoi

Is Aston Martin on the brink of insolvency? Britain's Guardian is reporting that the Kuwaiti fund that owns half of Aston is having trouble refinancing the debt it's incurred during the recent global economic crisis. It hasn't help that the fund failed to report its 2008 financial records on time and subsequently had trading halted on its shares. All isn't doom and gloom, however. [more...]

Date: 2009-09-29 19:52:37

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

Wait or Watch, but Don't Buy Weight Watchers International

Simply stated, when consumers are facing a sudden crisis over their savings, livelihood, and standard of living, ... significantly.  Their debt levels are extremely high.  Their profitability should be negatively ... are at risk.  This is a company that has never had to go on a "debt diet", but let's just say [more...]

Date: 2009-01-10 21:33:43

Homeschool away from home?

As crazy as that sounds, I am seriously considering this as an option for my almost 13 year old son ... to pay it off faster. We want to be 100% out of debt. This means we are seriously pinching our pennies ... are just considered his territory. No one else chooses them. Also, he gets his schoolwork done very quickly [more...]

Date: 2009-01-15 16:41:22

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

Recent Bankruptcy? It’s Not Impossible to Obtain a Home Loan

Because the new bankruptcy laws go into effect on October 17, 2005, more Americans than ever are filing for relief using the federal bankruptcy laws ... discharge. Ironically, some those that would not previously qualify for a mortgage do qualify after ... payments. The DTI* (debt-to-income) ratio of this person is 81.25%. Since his credit score is low [more...]

Date: 2009-01-15 00:11:26

Debt Consolidation Refi Loans Eliminate Debt With A Mortgage …

By choosing brilliantly to refinance your existing mortgage sometimes loan, you a will of steel make up ideal a rookie sometimes loan act for the past. Aside fm. More: Debt Consolidation Refi Loans Eliminate Debt With A Mortgage … This entry was posted on Sunday, September 27th, 2009 at 8:55 pm and is filed under mortgage. You can feed this entry. You can leave a response, or trackback from your own site. [more...]

Date: 2009-09-28 01:55:13

The Daily Dozen

Is government spending too easy an answer? I think so.The incredible shrinking inauguration crowd ... announcements.With interest rates a 37-year low, should you refinance your mortgage? In a word -- yes.7 ... this for a while now. If the government had not been subsidizing housing through mortgage tax breaks [more...]

Date: 2009-01-12 13:16:00

The Worst WSOP Legacy: Becky or Leon?

Everyone thought that Becky Binion Behnen had a lock on the worst WSOP legacy.  She has served as the casino manager’s equivalent of Herbert Hoover. After an ugly family legal battle, Becky wrested control of Binion’s Horseshoe from her brother Jack and proceeded to milk it dry – even selling off the million dollar display with 100 Salmon P [more...]

Date: 2009-01-10 17:47:57

UK’s Marks and Spencer to sack 1,000 employees

UK fashion retailer Marks and Spencer will announce the sacking of 1,000 employees tomorrow after experiencing dire Christmas trading ... have had an emergency restructuring team sent in from Deloitte. According to The Times, these stores employ ... its three billion pound debt. Unemployment is now rising at a faster rate than during the 1990s [more...]

Date: 2009-01-06 10:33:19

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

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

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

Private Equity

Recently I wrote about the troubles in hedge funds, where easy money in terms of 2% of assets and 20% of profits (easy to find when the market was moving up) has evaporated. Another field where someone a few years out of (an elite) college can make millions is… private equity. Wikipedia has a decent summary [more...]

Date: 2009-01-04 00:12:07

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

After 2 Weeks of Large Increase Mortgage Rates Fall Again

Author : Ki Gray So for the previous two weeks we saw sizable gains in mortgage rates Between May 28th and June 11th 30 year mortgage rates jumped from 4 91 to 5 59 This week we saw rates drop down to 5 38 Although we are still above what we were at two weeks ago it's nice to see mortgage rates moving back down The other major mortgage products all went down as well The 15 year dropped from 5 06 to 4 89 The 5 and 1 year arms dropped from 5 17 to 4 97 (5 year arm) and 5 04 to 4 95 (1 [more...]

Date: 2009-09-29 00:25:03

Aston Martin in trouble as Kuwaiti owners in debt

The snooty Aston Martin sport-luxury carmaker, once quintessentially British but then pimped out to foreign owners, is in trouble after the Kuwaiti “sovereign wealth fund” that owns 51% of the luxury carmaker admitted it was struggling to refinance its debt. According to the British Guardian newspaper, Kuwaiti owners Investment Dar is one of many free-spending [more...]

Date: 2009-09-29 20:37:35

Growing Unrest In Russia Amidst Economic Crisis

Falling oil prices, a collapsing Ruble, and a souring economy have Russia in the worst crisis in over a decade. The Financial Times is talking about this in Russian economy: The Putin defence.When a top economic adviser to Vladimir Putin approached his boss in September to argue that the rapid fall in the oil price meant he would have to devalue [more...]

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

The Value of Reliable Information

At the Free Exchange Greenspan Roundtable: The Value of Reliable Information, by Mark Thoma, Greenspan Roundtable, The Economist: ... of the problems in financial markets than I think is warranted. Thus, rather than advocating robust solutions ... insurance and to enhance interbank liquidity by guaranteeing debt. Another emphasizes the importance [more...]

Date: 2008-12-22 20:24:00

Palm “bets the company” on Pre

You might have read that Palm’s stock soared over 35% this week.  What’s the excitement about? ... in new debt and paid out much of the company’s cash as a special dividend to shareholders.  At the same ... began losing the most money per quarter in its history. Can Palm refinance its loans [more...]

Date: 2009-01-11 14:17:12

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

Stanley Johnson: Credit Bubble Mascot

Every market bubble deserves its own mascot. The symbol of all that was wrong with that era ... or refinance your mortgage to lower your monthly payments. In the same way that the pets.com puppet ... in the eye and gleefully says "How do I do it? I'm in debt up to my eyeballs. I can barely pay [more...]

Date: 2008-12-16 15:15:54

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

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

Resolution #9: We will return the Favor to our Bank

Resolution #9: We will return the Favor to our Bank A lot of blame is being put on the financial industry for getting the country into this ... to pull out of loan agreements or persuade Company’s not to draw down on credit facilities. As the economy worsens, more Companies will be at risk for failing banking covenants, especially on debt [more...]

Date: 2009-01-15 13:30:57

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

Dow Chemical: Time to Sweet-Talk Moody?s

The Wall Street Journal’s Ana Campoy writes this dispatch about the ratings providers’ wariness of Dow Chemical’s $15 ... , says Moody’s lead chemical analyst John Rogers. His agency and S&P cut Dow’s credit rating ... an investment grade rating to this company if it had short-term debt of $11 (billion) to $12 billion [more...]

Date: 2009-01-09 14:36:00

"Effective Nationalization of the Mortgage Finance Sector"

James Kwak says it's likely that the new administration will get behind the Hubbard and Mayer plan to have Fannie and Freddie buy mortgages and refinance them at 4.5%: We Have a Winner?, by James Kwak: After seeing dozens of mortgage ... are mainly a function of real mortgage rates. While they acknowledge that other factors took over [more...]

Date: 2008-12-21 18:17:00

The Cubs

With all the support and encouragement I got to buy the team, I think its appropriate to share the  decision making process behind what happened and why. Buying the Cubs was a unique opportunity to own one of the most storied franchises in sports.  Its a team that represents so much to so many, with such a unique legacy, [more...]

Date: 2009-01-06 14:27:43

No Help for Middle class Americans. Can we get help sooner than later?.

After a year of failed efforts, Congress and the new administration are considering more aggressive measures, including a possible change to bankruptcy law. Homeowner relief could come as part of a new ... for foreclosure relief. Congress and the incoming administration are taking a multipronged approach [more...]

Date: 2009-01-14 21:32:00

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