There's no time for sorrows

A comment from a couple weeks ago has stuck in my mind, and having thought about it for a while, I wanted to give a more extensive answer. Here is the question: Why did you wait so long to sound the tocsin? Surely, you knew this 5 years ago. I gave an immediate answer which you can read, [more...]

Date: 2007-10-12 01:31:09
Blog: Accrued Interest...

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Credit Report Scores - Why it is important for your finances

The airwaves these days seem to be full of advertisements for consumers to obtain their credit reports and also apply for credit cards ... , and the smaller the chance for you to obtain a loan for an important purchase like a house. The way credit ... begins. Credit costs a lot of money. Obtaining a loan, any loan is not cheap, and will surely burn [more...]

Date: 2007-10-12 18:57:36
Blog: Against Closed Eyes In ...

Need Money Quickly?

Have you ever been in need of some quick cash or know someone that is? ... to apply for the loan, you must be employed, most lenders want you to be making about $1000.00 a month, be able to show a permanent address. The loan term usually will be about 4 days to 30 days [more...]

Date: 2007-10-10 15:04:14
Blog: April Decheine 2006 at ...

Quicken Loans Puts Consumer First

There seems to be an outbreak of consumer-first marketing. First, there was LendingTree focused on improving the consumers experience ... Loan U. Not sure they are truly advocating the consumer? Did Bob Walters, of Quicken Loans, just say ... you profitable. Tags: quicken loans, consumer, mortgage, refinance, ARMs, interest rates, ARM resets [more...]

Date: 2007-10-12 13:12:30
Blog: Better Closer Blog...

Commentary: Spin this market

As the real estate industry's largest organization, the National Association of Realtors is in a tough spot with the downturn ... outlook appear to be in good shape, the mortgage market remains a huge wildcard. Prices are falling ... their heads with unrealistic optimism? While NAR says in its latest forecast, "Improvement in Mortgage [more...]

Date: 2007-10-12 18:27:45
Blog: Inman News Blog...

Orlando Affordable Mortgage | 100% Loans are Available in Florida!

Did I stutter? I do mean it... there are 100% loans available both for purchase and refinance transactions. No... I am not one of those scumbags trying to lure you into a dangerous loan! If you've read my posts at all, you know I'm definitely not about bad loans for good people. Read more » [more...]

Date: 2007-10-12 15:34:33
Blog: Orlando Florida Real Es...

Choosing a Pre-Payment Penalty?

Choosing a Pre-Payment Penalty? Published at October 12, 2007 in Consumer Mortgage Tips. 3 Comments Over the years lenders have developed numerous products and loan modifications ... at the mostly cons of choosing some of these loan modifications when deciding on new financing; as well [more...]

Date: 2007-10-12 08:02:34
Blog: Blown Mortgage - Honest...

Sponsor Love

Something we try do weekly around here is give a little link love to our sponsors that help us provide the fuel to the Blown Mortgage fire ... and every one of you. MathNotMagic.com - A site that talks about the Mortgage Accelerator program; a program where you can reduce the interest payments made on your mortgage by more than half.  It’s simple [more...]

Date: 2007-10-12 22:34:45
Blog: Blown Mortgage - Honest...

General Electric Posts Higher 3Q Profit

General Electric Co. said Friday that third-quarter earnings rose 14 percent as its energy and transportation businesses did well ... a share, a year ago. GE took a $1.4 billion charge for its planned sale of a Japanese personal loan and a mortgage business, while realizing a gain of $1.8 billion from the sale of its plastic [more...]

Date: 2007-10-12 13:51:43
Blog: NewsFactor Business...

Best Value in Home Buying

On the Clark Howard radio show, a caller asked about buying a foreclosure house.  Clark said that the best buys right now are in brand new homes ... of the cost of construction.  When the house sells, the homebuilder repays the bank construction loan ... to the bank.  The bank starts to get antsy when the loan is not repaid on schedule [more...]

Date: 2007-10-12 18:21:16
Blog: Businomics Blog...

Like A Bunny

Is it just me, or did getting to this particular Friday seem to drag on forever. Actually, that's not exactly accurate ... carried away.What Mixed Drink Are You? I guess getting married, having two children, a mortgage ... unusual for me to be passively car shopping. In fact not a month goes by that I don't check the Loan [more...]

Date: 2007-10-12 15:38:55
Blog: CursingMama...

Coming a long way

Isn't our goal, in life to keep moving forward? To not lose site of where we can get too ... the lack of child support and my children's well being, my home loan was my top priority. You see ... a constant for my children. That constant being their home. I am not sure where the mortgage rate [more...]

Date: 2007-10-12 12:24:10
Blog: Dedicated to Financial ...

An Out for Subprime Borrowers?

John Berry says there may be hopeful news on the subprime crisis: There May Be an Out for Some Subprime Borrowers, by John M ... to refinance into a prime loan. In some cases, simply having made their mortgage payments will also ... . Berry, Bloomberg: The subprime mortgage market is largely a mystery to most of the public [more...]

Date: 2007-10-11 07:15:00
Blog: Economist's View...

Joseph Stiglitz: House of Cards

Joseph Stiglitz says there's no joy in being right about the housing market ... of the sub-prime mortgage market, say, "Don't worry, it is only a problem in the real estate sector ... household savings rate was ... either negative or zero. With higher interest rates depressing housing [more...]

Date: 2007-10-09 22:33:00
Blog: Economist's View...

"The Role of Securitization in Mortgage Lending"

For those who have been wondering, this Chicago Fed Letter explains the role of securitization in mortgage markets, what terms such as MBS, CDO, ... in mortgage lending, by Richard J. Rosen, Chicago Fed Letter: In this Chicago Fed Letter, I discuss ... , which includes mortgage-backed securities (MBSs), collateralized debt obligations (CDOs [more...]

Date: 2007-10-11 23:05:00
Blog: Economist's View...

HEDGE FUND NEWS @ 12 October 2007

FINTAG COMMENT Are you bothered? Gold high, Oil high, Dying USD, Clinton leading the opinion polls, US house foreclosures worse than thought, Northern Crock is still borrowing, UK House prices falling fast, Tech Rally has stopped, JP Morgan latest bank to fire, Commercial Real Estate is the new subprime. It appears not [more...]

Date: 2007-10-12 07:21:40
Blog: FiNTAG: Hedge Funds: Se...

Real World Practice: Would You Make This Deal?

This proposition landed on my lap a couple of days ago ... s in US dollars, so it’s depreciating by the minute. :-) There’s a first mortgage of a little less ... ; I actually got the call from the lien holder on the second, who is trying to find a buyer who can put [more...]

Date: 2007-10-10 17:35:57
Blog: Really Smart Guy » Gee...

Poole Party - No Housing Lessons Learned

William Poole, President, Federal Reserve Bank of St. Louis, made a lengthy speech on Real Estate in the U.S. Economy ... have, to date, been confined to the residential sector; business outlays for structures have been quite ... percent. Over the same interval, real business investment in structures has increased by 21 percent [more...]

Date: 2007-10-11 05:57:22
Blog: Mish's Global Economic ...

How to find the best mortgage rates this month

If you are searching for a good deal on a home loan then its important that you have the most up to date information regarding mortgage programs ... . Finding the best mortgage rates October 2007 was a great way to learn what will change interest rates this month. Shopping for the lowest mortgage rates is everyones goal but actually finding the lowest [more...]

Date: 2007-10-08 21:39:10
Blog: Stratz's Blog...

Northern Who?

Why is Northern Rock being treated so well? Had it collapsed under the weight of its directors' business plan that would have been unfortunate for ... face of the UK. Their mortgage book is sub prime all on its own - look at the offer only days ago to an undercover reporter of a 125% mortgage at a multiple of six times his salary - if their mortgages [more...]

Date: 2007-10-12 16:25:50
Blog: angels in marble...

Interest Only Loans How they apply to you

I attended a class the other day and to say I am a conservative would be accurate ... learn something I did not think of. An interest only loan is simple interest! And typically a HELOC, even though it might adjust, it too is a simple interest loan. One of the greatest tools [more...]

Date: 2007-10-12 16:45:12
Blog: Highlands Ranch Real Es...

Getting the Best Mortgage Rate

Shopping around is the only way you can be sure you are getting the best mortgage rate ... of those rates the best mortgage rate is. Mortgages are available from several different sources. Mortgage companies, mortgage brokers, savings and loans associations, and credit unions are all sources [more...]

Date: 2007-10-12 15:00:53
Blog: Real Estate news and i...

Mortgage Do’s and Don’ts

Many people make mistakes when it comes to mortgages ... report. Shop around among various loan providers. You should never accept the first quote ... , and mortgage brokers. Negotiate to reduce or eliminate some of the fees. Do not sign the loan papers until [more...]

Date: 2007-10-12 22:00:45
Blog: Real Estate news and i...

apply for mortgages electronically

Automation and electronic transaction are the trends of the modern time, first we got rid of all the papers, file our tax online, ... emortgage! It's unlike traditional paper-based mortgage process, when you apply for mortgage electronically, all the loan documents are queried, audited, executed, transferred, and archived entirely [more...]

Date: 2007-10-08 23:35:39
Blog: The Joy of Learning...

I Love This Old Lady !!!

This 86-year old lady's letter to bank shown below, is an actual letter that was sent to a bank by an 86 year old woman ... . From now on, I, like you, choose only to deal with a flesh-and-blood person. My mortgage and loan ... , I will issue your employee with a PIN number which he/she must quote in dealings with me. I regret [more...]

Date: 2007-10-12 04:07:00
Blog: A Lady's Confessions...

Discover How To Avoid Predatory Lending

Many people believe that the cheapest mortgage is the best mortgage, but the world is that the right mortgage is the best mortgage. Getting the cheapest thirty twelvemonth fixed charge per unit loan is going to be you a batch more money if a thirty twelvemonth fixed charge per unit loan is not the right loan for you. Shopping [more...]

Date: 2007-10-12 17:47:26
Blog: Leesrambling...

Short Sales And Foreclosures - The Confusion Over Which Is Which And What To Buy

As Southern California's existent estate marketplace have transitioned to a buyer's paradise, short gross sales and foreclosures are popping up ... , the depository financial institution is asked to accept less than a full final payment of the mortgage ... to your price. Even if the depository financial institution holds to accept a short final payment [more...]

Date: 2007-10-12 20:23:45
Blog: Unlocking The Secrets O...

Countrywide lending slides, cuts nearly 5,000 jobs

Related Countrywide Selling Questioned --- Thu Oct 11, 2007 9:38am EDT (New throughout) NEW YORK, Oct 11 (Reuters) - Countrywide Financial Corp ( ... , the company said on Thursday. Mortgage loan fundings totaled $21.2 billion, down from $38.1 billion ... CFC.N: Quote, Profile, Research) funded 44.3 percent fewer mortgage loans in September [more...]

Date: 2007-10-11 18:33:34
Blog: CRIMES AND CORRUPTION O...

The United States of Subprime

PAGE ONE Data Show Bad Loans Permeate the Nation; Pain Could Last Years By RICK BROOKS and CONSTANCE MITCHELL FORD October 11, 2007; Page A1 As America's mortgage markets began unraveling this year, economists seeking ... to affluent suburbs. The analysis of loan data by The Wall Street Journal indicates that from 2004 [more...]

Date: 2007-10-11 18:36:43
Blog: CRIMES AND CORRUPTION O...

Up to 70 Percent of Defaults Linked to Misrepresentation in Mortgage Applications

Published Oct 09, 2007 Who is to blame for the wave of mortgage defaults weeping the country? ... to misrepresentations in mortgage loan applications Defaults are largely concentrated in ARM loans, but are present ... , 7 of them rank in the top 10 states with the highest default rates. Source: FBI 2006 Mortgage Fraud [more...]

Date: 2007-10-12 14:46:45
Blog: CRIMES AND CORRUPTION O...

Ching

As of last night, I officially have a realtor-you know him as Ching ... $120,000. If my house sells, I will be able to pay off this mortgage, my culinary school loan ... , in move in condition. We took a tour of my tiny abode and then sat down to talk business. First, Ching [more...]

Date: 2007-10-12 12:17:42
Blog: Ms Maggie Moo Talks 2 U...

NY Times

Dear Editor, I am glad that something is finally being done to help homeowners facing foreclosure ... can afford to buy this or that home. What really matters is that mortgage loan officers are tempted to take ... my will in mortgage fraud and predatory lending. I did not know what had happened to me until it was too late [more...]

Date: 2007-10-12 20:26:23
Blog: My Life in Argentina...

Mortgages

Do you hate all the junk mail you get from direct marketing mailing lists? I know that I do. I love the great offers, but I hate the little print ... most comfortable with a fixed rate mortgage. A fixed rate means that no matter what the interest rates ... will adjust with the interest rates. There are also interest only loans. Your loan payments only [more...]

Date: 2007-10-09 02:41:08
Blog: My Thoughts, Ideas, and...

Personal Finance Math

One of the reasons I have been good at personal finance decisions is that I am very comfortable with using math ... for a home mortgage. How much more one pays for something with an installment loan. This formula ... concepts to be good at personal finance. Compound interest and Loan Amortization are the two I feel [more...]

Date: 2007-10-10 22:15:37
Blog: My Wealth Builder...

Fixed rate too ‘boring’ for Gen X?

From Bloomberg: Tie Me Up, Tie Me Down to Fixed-Rate Home Loan There’s nothing wrong with fixed — the fixed-rate mortgage, that is. As the mortgage crisis has unfolded, everyone has blamed the new-fangled mortgages: Interest ... might go down soon and allow adjustable-rate mortgage holders to pay less for a while was tempting [more...]

Date: 2007-10-12 10:00:59
Blog: New Jersey Real Estate ...

- What Are Mortgage Points – And Should You Pay Them?

Tampa_house_2.jpg It’s something you see every time you’re in the bank and they have their daily mortgage rate posted in hopes they can turn you ... the interest over the life of the loan. You are, as it’s referred to, “buying down” your mortgage interest ... the loan closes. This will then lower your mortgage interest rate over the entire term of the lo [more...]

Date: 2007-10-12 13:10:12
Blog: Debt Free...

Hillary Clinton’s Plan to Make College Affordable for America’s Families

Hillary Clinton’s Plan to Make College Affordable for America’s Families Filed under: Uncategorized — schotline @ 6:21 am In the 21st Century, a college education is more important than ever. Hillary Clinton believes it’s time for a new bargain with the American people - a bargain that gives all Americans willing to work hard the tools they [more...]

Date: 2007-10-12 11:21:46
Blog: SCHotline Press Releas...

The Long Awaited Hsu Catalog

Today, The Wall Street Journal reports on the recent seizure warrants executed at Norman Hsu's SoHo apartment (pictured) ... . Among the haul, find a previously unknown Hsu business entity, connections with 3 previously unknown ... themselves blind with the trove of bank records, loan agreements, leases, investor materials, checks [more...]

Date: 2007-10-12 21:33:23
Blog: Suitably Flip...

Sharing The Woe

Sharing The Woe October 11th, 2007 by Susie As we DFHs have been saying all along, the subprime problem goes much deeper than people think: As America’s mortgage markets began unraveling this year, economists seeking explanations pointed ... to affluent suburbs. The analysis of loan data by The Wall Street Journal indicates that from 2004 to [more...]

Date: 2007-10-11 10:04:23
Blog: Suburban Guerrilla ...

About That ‘Rich’ Family

About That ‘Rich’ Family October 11th, 2007 by Susie The Frosts, ... that way for long. (Heard of the sub-prime mortgage crisis? I hear that Baltimore had quite a few of them.) I guess if they’d taken out an equity loan at sub-prime rates to buy health insurance, lost [more...]

Date: 2007-10-11 10:52:18
Blog: Suburban Guerrilla ...

Mortgage Broker

Looking for a new house is not very easy though especially when you are going to pay high interests.I have a very good friend that looking for a house & needs Mortgage broker.She really needs to move so bad coz her house where she still lives until now,the Mortgage Rates is so high [more...]

Date: 2007-10-12 13:44:10
Blog: My Life,My World...

Podium Venture Group, Inc. Subsidiary La Playa Holdings, (Add news feed to your web site) Inc

Podium Venture Group, Inc. Subsidiary La Playa Holdings, (Add news feed to your web site) ... Weather White Pages Media Company DM , a provider of business information and professional services [more...]

Date: 2007-10-12 14:03:49
Blog: Search Engine Marketing...

Mortgage Modification for ARM

Government has been pushing lenders to work out terms with the homeowners by modifying the loan terms. However, only 1% or less of the loans were modified. It is not happening for several reasons: Work load on modifying the loan term is additional on a shrinking workforce in mortgage industry. Most [more...]

Date: 2007-10-09 12:01:15
Blog: My 1st Million At 33 ...

Branson planning Northern Rock bid

Branson planning Northern Rock bid October 12th, 2007 Comments(0) ... s substantially mortgage-based business. The enlarged business would be renamed Virgin Money ... into the lucrative but highly competitive mortgage business. Gadhia had run Branson’s previous venture [more...]

Date: 2007-10-12 19:09:15
Blog: Alanat News...

TH*NK*NG (RISKS) — Cederholm

by Fred Cederholm I’ve been thinking about risks. Actually I’ve been thinking about ratings, the sub-prime loan Collateralized Debt Obligations (CDOs) ... my understanding of the workings of the more traditional Mortgage Backed Securities (MBS’s) issued ... worthiness, there were little (if any) down payments required, and the loan-to-value approached [more...]

Date: 2007-10-09 16:58:22
Blog: Atlantic Free Press - H...

A Republican Cloth House

One of the more maddening things about this whole Frost debate is the obvious irrational belief that a 260k house in the heart of Butcher Hill in ... this program to expand coverage to illegal immigrants and the upper class (that are already covered ... Nixon would have targeted with his famous “Checkers” speech: Well in addition to the mortgage [more...]

Date: 2007-10-10 14:46:48
Blog: Balloon Juice...

Illegal immigrants don't default on mortgages?

Illegal immigrants don't default on mortgages? Posted Oct 9th 2007 6:26PM by Zac Bissonnette Filed under: Newspapers, HousingHere's a fascinating story from The Wall Street Journal: "Despite the downturn of the mortgage market, a type of home loan has remained surprisingly sturdy: one extended to illegal immigrants [more...]

Date: 2007-10-09 18:26:00
Blog: BloggingStocks...

General Electric (GE) Q3 quarterly results preview

General Electric (GE) Q3 quarterly results preview Posted Oct 11th 2007 12:36PM by Brian White Filed under: Earnings reports, General Electric (GE) ... billion in collective charges, with a good 20% of that figure related to its exit from the mortgage business it operates under the WMC Mortgage Securities brand. Like every mortgage company with a [more...]

Date: 2007-10-11 12:36:00
Blog: BloggingStocks...

Liveblogging GE's Q3 earnings results

Filed under: Earnings reports, Live coverage, General Electric (GE)General Electric Co. (NYSE: GE) ... to its exit from the mortgage business it operates under the WMC Mortgage Securities brand. Like every ... went belly-up with mortgage loan resets and foreclosures. In addition to charges related [more...]

Date: 2007-10-12 08:30:00
Blog: BloggingStocks...

Renegotiating a Mortgage: One Man's Quest

A reader emailed us the letter he was planning to send to his lender in an effort to renegotiate the terms of his loan ... to retain my business, and at the same time take a loan of yours out of the adjustable-rate category ... : I am writing to be considered for a loan modification. I am currently in year three of a 5yr fixed [more...]

Date: 2007-10-10 13:34:13
Blog: Brownstoner: Brooklyn R...

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