1st Mortage Modification
Posted March 31st, 2009Chad Fisher asked: If you are finding you are needing your 1st mortgage modification, you are not alone. Take a look at this informative article about the 1st mortgage modification, and find out how this program can affect you.A 1st mortgage modification will no doubt be a whirlwind of new information for you. Nevertheless, if [...]
National Bank: How to Fix the Housing Crisis for Less than 700 Billion in Bailouts
Posted March 30th, 2009Dane asked: Recently the news has been dominated by developments with the 700 billion dollar bailout package, and rightfully so. 700 billion is an astronomical sum of money. The first problem is that the 700 billion dollar bailout adds a huge amount of money to the national debt. Not only that, some have hinted that [...]
Is the pending economic stimulus legislation an attempt to nationalize the home mortgage industry?
Posted March 28th, 2009Bopped asked: Seem like raising the caps on federally insurable mortgages and having the various gov’t underwriting agencies purchase unvetted portfolios of mortgages effectively nationalizes the home mortage industry. SInce I am reading that there may be $2 trillion of bad loans out there, I suspect that means we as taxpayers will then [...]
Can you Get a Home Loan if you Have Bad Credit?
Posted March 28th, 2009John Turner asked: Bad credit is no longer a hurdle in getting a home loan. A few years ago a poor credit score or a bankruptcy or foreclosure would have meant you encountered difficulties obtaining a mortgage loan. In case you were able to get such a loan, you would have to agree to a [...]
what should i do after loaning my mom 500 dollars for mortage payment, not knowing if she will pay me back?
Posted March 26th, 2009kent m asked: so a couple of months ago my mom got into a little bit of trouble with her mortgage payment and she knew i recently nannied over in Maryland being payed 1200 dollars, so she told me about her situation asking me if i could help her pay her 500 dollar mortgage bill [...]
Is the pending economic stimulus legislation an attempt to nationalize the home mortgage industry?
Posted March 26th, 2009Bopped asked: Seem like raising the caps on federally insurable mortgages and having the various gov’t underwriting agencies purchase unvetted portfolios of mortgages effectively nationalizes the home mortage industry. SInce I am reading that there may be $2 trillion of bad loans out there, I suspect that means we as taxpayers will then be on [...]
Why is the price of mortages going up despite the crisis?
Posted March 26th, 2009Jan Dluznik asked: Some market logic has been known for ages. One of them says that crisis brings lower prices of goods and services. Consumers have less money, they think twice before spending them. Should the seller want to avoid going bankrot, he simply has to go down with the price. Why does it not [...]
So mortage companies give loans to unqualified people and the taxpayers are stuck holding the tab?
Posted March 25th, 2009Naturescent asked: http://news.yahoo.com/s/afp/20080923/ts_afp/usfinancebanking_080923173430;_ylt=Auq1ewPnGOj_xfF4_zbBLBrqxQcB
Do they think we just woke up in a cabbage patch or what? Isn’t this just bankers trying to take advantage of people by giving them loans at such high interest rates that they end up losing their homes to the banker so the banker then owns the home? And now [...]
Subprime Mortgage Lending
Posted March 24th, 2009Alex Tragnitz asked: “Subprime Mortgage Lending and Its Effect on The Economy” In the 1990’s the United States saw a rapid growth of subprime mortgage lending. Lending institutions started to give credit for mortgages to millions of borrowers who may have been denied credit in the past. Homeowners who were not as fortunate as others [...]
Get Information on Home Prices and Mortgages
Posted March 23rd, 2009IC asked: HousePricesDrop.com is a site which gives you details about home prices and global housing prices to help you deal with your largest investment decision. This website offers the latest information on mortgages, debt consolidation, house selling strategies, real estate news, and latest news on the US or UK housing topics. You can use [...]