Articles, tagged with "risky loans", page 2

Appetizer for Destruction

With the subprime mortgage crisis crushing Las Vegas in more ways than one in 2009, does 2010 have a lasting aftertaste or was 2009 just the appetizer to a 5 course meal of economic and real estate destruction. Opinions are grand and shallow in this realm... Read >
Author: Las Vegas Home Rentals

Foreclosure Plan Not Suited for Changing Mortgage Crisis

Even with loan modification programs now in place, the Obama administration's housing-rescue efforts are increasingly ill-suited to address the changing nature of the foreclosure crisis, according to a report released by a watchdog panel. The report, fr... Read >
Author: joshua@sdmtg.com

Plan to Offset Foreclosures Not Suited for Changing Mortgage Crisis

Despite offering a rising number of trial loan modifications, the Obama administration's housing-rescue efforts are increasingly ill-suited to address the changing nature of the foreclosure crisis, according to a report released by a watchdog panel. The... Read >
Author: joshua@sdmtg.com

An Overview of Adjustable Rate Mortgages

Many homebuyers choose adjustable rate mortgages for the initial financing on their home purchase. Rising interest rates and other terms can be confusing to the borrower. Adjustable rate mortgages (ARMs) are loans in which the rate varies. Adjustable ... Read >
Author: Haywood Dickerson

Moving up the effective date for Credit Card Act- Will it help?

With major banks such as JP Morgan, Citibank and the Bank of America facing difficulties from delinquent credit card bill payers and slowdown in the economy, these lenders are having trouble keeping the consumers happy. According to a survey by credit.co... Read >
Author: John Hall

Credit score distribution and changing requirements

In the past one year, credit score requirements have gone through unprecedented changes with the economical slump. Banks as well as other lenders are focusing on ways to stay away from risky loans and avoid bad loans as much as possible. They are scrutin... Read >
Author: John Hall

The Foreclosure Process and Your Bank's Insolvency

From Washington Mutual to the local bank on the corner, the government has been busy since the financial crisis began shutting down banks almost every week. Many of these banks are becoming insolvent due to their exposure to the subprime mortgage market a... Read >
Author: Nick Adama

Exploring Your Mortgage Loan Options

If you are planning to take out a loan in order to purchase a home, you may think there is only one type of mortgage available. After all, you generally don't hear people talking about taking out a specific type of mortgage. Although the majority of buyer... Read >
Author: trigger450

30,000 Texans to Avoid Bank Foreclosure under Settlement

A total of 30,000 homeowners in Texas who took out loans from Countrywide Financial Corporation from 2004 to 2007 are expected to avoid bank foreclosure under a settlement agreement between the Office of the Texas Attorney General and Countrywide, which i... Read >
Author: JosephSmithJr

Ways To Survive Tough Times

The financial crisis started in the United States in 2001 when the US Federal Reserve cut interest rates to revitalize its lagging economy since the September 11 terrorist attacks.  The move caused the dollar value to lower which, in turn, encouraged the... Read >
Author: Payday Cash Loan

High-Risk Lenders Enter Loan Modification Market

Many homeowners who had subprime mortgages are now trying to stave off foreclosure by modifying their loans or refinancing. However, many would be surprised to know that a number of high-risk lenders are changing their business model and entering into the... Read >
Author: Move Trends

High-Risk Lenders Enter Loan Modification Market

Many homeowners who had subprime mortgages are now trying to stave off foreclosure by modifiying their loans or refinancing. However, many would be surprised to know that a number of high-risk lenders are changing their business model and entering into th... Read >
Author: Move Trends

Colorado Mortgage : Risky loans?

First, calculate what you can truly afford to pay per month. And be honest with your self on this. Keeping in mind that ownership entails taxes and other expenses. Make sure you know exactly what the other expenses are. Second, figure out exactly what you... Read >
Author: Robert Bell

Rebuilding Your Credit And Refinancing Before And After Foreclosure

Are you behind on loan payments or facing foreclosure? Does the monthly mortgage bill always seem unreasonably high or difficult to manage? Has your interest rate sky-rocketed because of adjusting market rates? All of these questions are good reason to... Read >
Author: Nick Adama

Countrywide Loan Modification: Do You Qualify for a Principal Reduction

The economic recession has affected a lot of homeowners. And in areas where the home values have declined significantly, many of them are now realizing the truth that they are unable to pay for their mortgages. As most of them were not ready for the risks... Read >
Author: J. Owens

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