Nevadans are strangled by the home mortgage crisis, hundreds of thousands of us stung by bad bank loans. Now we’re paying the price with at least 66,000 vacant units throughout the valley, the worst economy since the Great Depression and subdivision upon subdivision filled with people who are trapped beneath bad loans they could never [...]
Posts Tagged ‘Mortgage’
SCAM CITY: Nevada’s mortgage crisis
April 11th, 2011 
davidguide 
Posted in Borrowers 
Tags: bad bank, bank loans, Depression, economy, great depression, Home, home mortgage, hundreds of thousands, Mortgage, nevadans, post, subdivision 
Comments OffHow To Find The Right Home Loan Modification Services
April 5th, 2011 davidguide There are a variety of different loan modification services for anyone to take a look at. These are services that can work to make it easier for a person to be able to pay off a mortgage. Services relating to help for homeowners are available but it will help for a person to find the [...]
Posted in P2P Loans Tags: Association, first tip, foreclosure prevention, foreclosure specialists, Home, information, loan modification, local bar association, Mortgage, mortgages brokers, person, real estate brokers Comments OffBrokers Battle LO Comp Rule, YSP Restrictions
March 30th, 2011 davidguide Federal rules go into effect this week to cap the pay of mortgage brokers — people who connect borrowers and lenders — in a move that has industry groups howling and consumer advocates smiling. The question is whether there will be unintended ripples that could squeeze first-time home buyers with limited credit histories and also [...]
Posted in Borrowers Tags: battle, Consumer, consumer advocates, credit histories, first time home buyers, Home, industry groups, Mortgage, mortgage brokers, rule, scapegoats, time home buyers Comments OffUnsecured Loans: Loan Without Any Collateral
March 21st, 2011 davidguide Often individual faces monetary problems abut due to lack of any collateral they fail to afford loans. To help those unsecured loans has been designed. These loans do not ask for any security or mortgage. These loans are mainly for those people, who can be a very good borrower in long term but are ignored [...]
Posted in P2P Loans Tags: application, bad credit history, Collateral, credit worthiness, income proof, minimal paper work, Mortgage, online, security, small businessman, unsecured business loan, unsecured business loans Comments OffSharp drop in January house sales
March 11th, 2011 davidguide Buyers hold tight to their purses as inflation continue to rise and spending cuts begin to bite A 29% fall in house sales in January compared to December is being blamed on inclement weather, rising inflation and government spending cuts. The Council of Mortgage Lenders , which has collated the data, said an “unusual combination [...]
Posted in Borrowers Tags: council of mortgage lenders, drop, first time buyers, home movers, House, household budgets, independent mortgage broker, interest rate rises, lending, michael coogan, Mortgage, number Comments OffMortgage rates hold steady, Freddie Mac survey finds
March 11th, 2011 davidguide The interest rate on a 30-year fixed loan this week edges up to 4.88% from 4.87% last week, while the 15-year fixed loan is unchanged from 4.15%. Rates on adjustable loans are nearly unchanged. Mortgage rates held steady this week, with lenders offering 30-year fixed-rate loans at 4.88% on average and 15-year fixed loans at [...]
Posted in Borrowers Tags: adjustable loans, fixed rate loans, freddie mac, Interest rate, lenders, Loan, Mortgage, mortgage rates, Offering, post, survey view, View Comments OffFamilies face cut in disposable income if interest rates rise, warns economist
March 9th, 2011 davidguide Bank of England ‘s monetary policy committee would cut the disposable incomes of almost every mortgage payer in Britain after a massive shift by homeowners to variable rate loans, a City … View full post on All Stories
Posted in Borrowers Tags: Bank, bank of england, disposable income, disposable incomes, England, interest rates rise, massive shift, monetary policy committee, Mortgage, post, variable rate loans, View Comments OffBank Chief Rejects Idea of Reducing Home Loans
March 9th, 2011 davidguide Bank of America executives said on Tuesday that a government idea to write off tens of billions worth of mortgage debt was unworkable and warned that it would be unfair to untroubled borrowers. View full post on All Stories
Posted in Borrowers Tags: Bank, bank chief, bank of america, billions, Borrowers, Debt, government idea, Home, home loans, Mortgage, mortgage debt, post Comments OffMortgage Rates on Fixed 30-Year U.S. Loans Decrease to 4.95%
February 24th, 2011 davidguide U.S. mortgage rates fell for a second week, tracking a drop in Treasury yields as violent unrest in Libya sparked demand for relatively safe investments. View full post on All Stories
Posted in Borrowers Tags: investments, Libya, Loans, Mortgage, mortgage rates, post, treasury yields, unrest, View, year Comments OffFannie Mae and Freddie Mac 101: How much will we miss them? | Business Agenda
February 14th, 2011 davidguide Since the financial crisis began, Fannie Mae and Freddie Mac, which buy and insure mortgages, have needed $150 billion in support from Uncle Sam. Now, the U.S. Treasury is exploring ways to wind down its involvement with the mortgage giants. On Friday, Treasury Secretary Tim Geithner issued a white paper discussing the government’s options and [...]
