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Bad Credit? Loans Still Available
30 Jan 2009 There’s no doubt about it- the loan market is struggling. Loan companies are refusing to lend, yet people are desperate to borrow. Many loan firms make its applicants undergo a credit check and an affordability test to make sure they will be responsible lenders- which is why over 5 million people were rejected for their […]
Mortgage News - Is the Housing Crisis Half Empty Or Half Full?
06 Jan 2009 Read the mortgage news and much of what you see is doom and gloom about the industry, and dire descriptions about worst case housing scenarios. However, there are two sides of a coin, so it’s only fair to also point out potential heads up news about mortgage and housing trends.
Down Payments Are Back! What Happened to 100% Financing?
02 Jan 2009 Downpayments are required again thanks to the credit crunch. Many people thought 100% financing would be made available forever. They were mistaken. One-hundred percent financing will never return because it exposes lenders to too much risk.
Foreclosures at Record Levels
20 Nov 2008 Foreclosures are on the rise as they soared 71 percent in the third quarter, to an average of 8,500 homes a day.
How Will the US Get Out of This One?
06 Oct 2008 I’ve been down this road before (as have all my fellow Americans), during a little dance called “The RTC’. You may or may not remember what those letters stand for…Resolution Trust Corporation. The fed created it to clean up the mess left by the owners who looted their own savings and loans.
Interest Rates Up
01 Oct 2008 The number of payment protection insurance (PPI) policies being mis-sold by banks and building societies has recently been on a steady increase. This has been closely monitored by the financial watchdog for some time now and finally the banks have been forced to review their sales techniques to bring the total number down. The banks […]
Mortgage Reconstruction 2009 - The Time For New Mortgage Laws
24 Aug 2008 As of Monday July 14th, 2008, the government has passed new laws which cause a decent amount of change within the mortgage industry and how these companies give out loans to homeowners. Even though they were passed on Monday, these rules wont take effect until October 2009 to give time for companies to transition to […]
Fort Worth - New Growth, Great Investment
05 Aug 2008 Fort Worth, Texas has a lot of things going for it; a brisk economy, a comparatively low cost of living, a diverse business environment, an outstanding education system, and affordable real estate, all wrapped up in a fantastic temperate climate and an easy going, friendly community feel. Fort Worth continues to be ranked among the […]
Are Banks Raising Credit Card Rates to Shore Up Their Finances?
03 Aug 2008 There is little doubt that over the past couple of years many banks have been hiking up the fees and charges on their credit card products, and people that are not as financially savvy as others have been left to pay the price. It seems that over recent months the situation may have become worse, […]
Predatory Lending is at the Heart of Growing Foreclosure Issues
10 Jul 2008 The great debate, right now, is whether the Fed should step in and regulate foreclosures or should we let the free market regulate itself through its own controls, checks and balances. |