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02nd September 2009
Copyright (c) 2009 Frank Patrick
Foreclosure Filings Rise 32% Year-to-Year
REO properties will continue to make up a large part of the housing market for some time to come, judging by the latest foreclosure and mortgage data.
In July, foreclosure... Read >
Author: Frank Patrick25th August 2009
US Banks are now much more likely to offer Principle Reductions After Recent Study High post loan modification default rates are forcing banks to reconsider their reluctance to grant principle reductions when they tweak loans. A study showing that 50% ... Read >
Author: Patrick Battle11th August 2009
Copyright (c) 2009 Frank Patrick
How Reckless Lending Fueled Foreclosures
Everyone knows the economy is bad � and that it all started with the housing crash. Foreclosures continue to fill up the airwaves � but just how bad is it? We often hea... Read >
Author: Frank Patrick09th August 2009
Feldman Law Center Ripoff - Loan ModificationA grinding recession has put already struggling house owners in a situation where household debt loads are quickly becoming uncontrollable. Loan alteration has become a well known cure for those experiencing h... Read >
Author: Abe Rogers07th August 2009
Many householders are faced with not one, but two, payments which are increasingly tricky to maintain. Of the two, missing the payments on the mortgage on the home carries bigger implications because of the fact that at some point a foreclosure could for... Read >
Author: Tyler Bauer09th July 2009
A ratings agency has revealed that negative equity figures have reached an all time high this month, displaying that one in six prime mortgages in the UK is now affected by negative equity.
Presently one in ten homeowners with otherwise clean credit re... Read >
Author: catherine28th June 2009
Feldman Law Center - News by Feldman Law Center -- A grinding recession has put already struggling homeowners in a position where household debt loads are quickly becoming unmanageable. Loan modification has become a well known remedy for those experienc... Read >
Author: Feldman Law Center22nd June 2009
Copyright © 2009 Ed Bagley
When I moved from the East Coast to the West Coast in 1973, credit card companies doing business in the State of Washington could not legally charge more than 12% interest on an account. That was because credit card interest... Read >
Author: Ed Bagley01st May 2009
Once 100% financing became widely available, it was enthusiastically embraced by all parties: the lenders suddenly had a huge source of new customers to generate high fees, the realtors and builders now had plenty of new customers to buy more homes, and m... Read >
Author: Robert Bell01st May 2009
Loan standards vary over time as the credit cycle loosens and tightens. Many borrowers in the bubble rally were qualified with low credit scores, very high combined-loan-to-values, high debt-to-income ratios, and little or no income verification. When the... Read >
Author: Robert Bell23rd April 2009
The Option ARM is one of the most complicated loan programs ever developed. It was heralded as an innovation because it allowed people greater control over their monthly payments, and it provided greater affordability in the early years of the mortgage. I... Read >
Author: Robert Bell09th April 2009
One of the major failings of the credit markets in the Great Housing Bubble was the failure to take a holistic view and evaluate the systemic risks involved. A standard credit analysis reviews various risk parameters and attempts to rate the impact of eac... Read >
Author: Robert Bell25th March 2009
It seems lenders forget basic facts about lending every so often and create a new financial bubble. Perhaps they succumb to the pressure of the investment community or their own shareholders, or perhaps they just start believing their own "innovation" mar... Read >
Author: Robert Bell25th March 2009
According to recently published data by, 'McLean, Virginia-based Freddie Mac', the average rate for a 30 year fixed-mortgage dropped to 5.07% for the week ending Feb. 26th, from 6.63% for the one ending July 24, 2008.
At the same time however, the 'Mor... Read >
Author: Michael Redbourn19th March 2009
Exotic loan financing terms took over mortgage finance in the Great Housing Bubble. As people using these loan programs began to default in large numbers, exotic loan programs all but disappeared. This left the 30-year, fixed-rate, conventionally amortize... Read >
Author: Robert Bell10th March 2009
The difficult problem with affordable housing is how to provide it without making it unaffordable. Finance is not the answer. We all want affordable housing. There are numerous government programs designed to provide low-cost rental and ownership properti... Read >
Author: Robert Bell09th March 2009
By:Iqbal Amrohi
Summary:
• There are 25 million credit cards in India 40% of which are actively used.
• Recently default rates of the credit cards have risen.
• Many Credit Cards issuing companies are suffering losses.
• Because of increase i... Read >
Author: Iqbal Amrohi25th February 2009
Experts are of the opinion that the mortgage crisis is perhaps the biggest financial shock the country has been subjected to following the Great Depression of the 1930s and early 1940s. The subprime mortgage crisis in USA which erupted due to the bursting... Read >
Author: Cachet Gomes06th February 2009
When the lending industry developed exotic loan products, they touted them as "innovation," and they sold these toxins far and wide. Since these loans achieved the highest default rates ever recorded, it is apparent the "innovations" of the bubble rally w... Read >
Author: Robert Bell22nd January 2009
A fixed-rate conventionally-amortized mortgage is the least risky kind of mortgage obligation. If borrowers can make their payment, a payment that will not change over time, they can keep their home. At the end of a predefined term, the original funds hav... Read >
Author: Robert Bell20th January 2009
Over the last 60 years since World War II ended, a number of experimental loan programs have been attempted. These include interest-only loans, adjustable rate loans, and negative amortization loans among others. It is this group of loans that has consist... Read >
Author: Robert Bell16th January 2009
Conventional wisdom (or market spin) was that the risk of default from subprime would not spill over into Alt-A and Prime loans. This argument was made because these two categories have historically had low default rates. Of course, this argument ignored ... Read >
Author: Robert Bell12th January 2009
Add knowledge-development to help people directly, and you have a much more vibrant strategy. For example, immigrant communities in developed countries often pool excess funds to stake entrepreneurs to start small businesses, which often employ some of th... Read >
Author: Donald Mitchell30th November 2008
Mortgage loans in USA are the most sought after thing in the US finance industry. Over time it has the not only amass huge amount of money by the sub prime lending but also has contributed to the economy of the USA. This got worse when the Subprime lendin... Read >
Author: nicholast5429th September 2008
In my humble opinion the credit crisis will be resolved and we as the commercial loan brokers that stuck it out will be in a strong positions when the secondary market returns. These cycles happen every 10 to 15 years. Compare what is happening right now ... Read >
Author: Chris Carter03rd September 2008
Credit card cashback deals are usually divided between actual cash (payable by check or credit) and rewards (oftentimes, denominated in gift cards or even eCertificates - redeemable for merchandise.) Many favor the flexible parameters of the actual cash, ... Read >
Author: Michael Strauss22nd August 2008
The Credit Cardholder's Bill of Rights Act recently cleared the House Financial Services Committee last week and is garnering support from both sides of the aisle. This bill is designed to protect consumers from “unfair and deceptive” practices that t... Read >
Author: Aubrey Clark15th July 2008
For more than a decade, encouraged banks homeowners to tap their equity for everything from paying credit cards to cover college tuition.
Now lenders are sharply closing the spigot.
More than 100000 homes to a lender has already said that its home-e... Read >
Author: Lando Lend07th April 2008
I just read an article that is titled "Taking a hard line on rewriting the bankruptcy code" by Edward L. Glaeser, a professor economics at Harvard University. I am in awe at how well it summed up the mortgage crisis in one short article. I am a retired... Read >
Author: Aubrey Clark28th March 2008
Over-reliance on credit can wreck your financial future, but if you don't want to live life without your plastic, here are six steps you can take to find credit card relief, prevent additional debt loans and credit rating damage from following you around ... Read >
Author: Darrin Roseborsky - OMAC Mortgage Specialist03rd March 2008
1. Low Doc Loans stands for low documentation loans. These are typically used to purchase property and to be accepted for this type of loan a consumer does not need the same level of documentary proof as required for standard bank loans. Most banks requir... Read >
Author: Tristan Dunston02nd February 2008
It's All New!
Good credit has never been so important. The entire credit landscape has changed over the last year. And 2008 brings new and unprecedented challenges. A leading credit repair expert discusses the ways that you can adapt and thrive in this... Read >
Author: Jim Kemish24th January 2008
Smart consumers know to shop for
credit cards based on the cost of using that credit. The card's annual percentage rate, or APR, is often one of the first factors many consider when choosing a card. All credit cards either have a fixed or variable rat... Read >
Author: Robert Palmer22nd January 2008
If you are looking to invest in real estate deals that are bigger than a regular home purchase you may want to consider a hard money lender. I know it sounds risky but it's a great way to leverage and attain a large amount of money fairly quickly without ... Read >
Author: Bryan Benson30th October 2007
With the collapse of the Subprime mortgage market, the mortgage industry has changed dramatically in recent months. Many of the more liberal mortgage programs have been discontinued. How will this effect the market for first time home buyer loans?From ap... Read >
Author: christinesarticles30th August 2007
Description: For most people getting a home equity loan means taking risks and dealing with unscrupulous lenders. However once you’re past all that you will realize that a home equity loan can actually be quite a blessing. The home equity loan can hel... Read >
Author: Alan15th August 2007
Just because you have had credit problems in the past doesn’t necessarily mean that you are doomed to a life of dealing with landlords. Poor credit can be a result of people simply not paying their bills, or more uncontrollable circumstances such as il... Read >
Author: Drew Tyler04th June 2007
Subprime lending has recently caused over 56 lenders to either go out of business or stop issuing subprime loans because of excessive foreclosure rates. The lending community made decisions in the last few years that dramatically eased a borrower's quali... Read >
Author: David Dinkel01st June 2007
When the economy struggles and default rates increase, lending standards can get mighty tough, especially for unsecured micro-loans. Banks may continue to court small business during these times, but borrowing will be an uphill climb. There may be one sou... Read >
Author: creditwisdom30th May 2007
If you have 5% or higher FHA loans going into foreclosure is it prudent to throw the baby out with the bath water or would it be better to coach up and counsel the buyers to slow down the default rates. Many feel this was a knee jerk reaction to a program... Read >
Author: Dale Rogers25th April 2007
The End of an Era
In October of 2006 the subprime home loan industry begin to break down. Wall Street investors, monitoring the default rates of mortgage portfolios and concerned about the continuing drop in real estate prices nationwide decided to sto... Read >
Author: Jim Kemish10th October 2006
Despite a decline in delinquency and default rates in U.S. Franchise ABS in 2003, weaknesses in the convenience and gas (C&G) sector and with Burger King operators continue to put pressure on performance. According to a Fitch Ratings report, downgrades ar... Read >
Author: Andrew Adams17th March 2006
DEBT - who is to Blame?
Unfortunately, in todays world, debt in very nearly at endemic levels and is very much a way of life - of which to be fair, the finger cannot be pointed at any one single source to blame, but rather the blame must be shared by a... Read >
Author: Gary Durkin26th October 2005
"But Everybody's Doing It"
Are you familiar with that plea some children make in an attempt to get what they want based on the behavior of their peers: "But everybody's doing it"? Should you, as a business founder or one who wants to be, use credit card... Read >
Author: Dr. Robert J. Lahm25th October 2005
The oft given, rarely followed adage, "Turn Lemons into Lemonade" seems out of place in the world of refinance. But in fact, it is quite appropriate when considering entering into a Cash Out refinance loan. A Cash Out Refinance loan is simply a loan typ... Read >
Author: Dan Johnson
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