1,554 posts tagged sub prime

Okay boys and girls, let us read this article together and see what the actual scandal is (see poll after): Ohio Attorney General Marc Dann, who led investigations into companies blamed for the state's subprime mortgage mess, resigned under a cloud on Wednesday after admitting to an affair with a female staff member.

We've been swamped with the demands of our business life the last week (a good thing) so posting has been sparse - we'll be back on the crest of the blogging wave by next week. In the meantime, amuse yourselves with this excellent podcast from Chicago Public Radio on the housing/mortgage mess: The

We've been swamped with the demands of our business life the last week (a good thing) so posting has been sparse - we'll be back on the crest of the blogging wave by next week. In the meantime, amuse yourselves with this excellent podcast from Chicago Public Radio on the housing/mortgage mess: The

Several news articles have broken in the past few days about how Lansing Michigan is the big loser when it comes to drop in housing prices, referring to the median price drop of 27%. What most articles always tend to leave out is that the national median normally is a typical market price, where half of the homes sold for more and half sold for less.

Foreclosures Up 65% Wednesday, May 14, 2008 One in every 519 homes received a foreclosure filing in April, up 65% over April 2007. In a related story, Freddie Mac reported a loss of $151 million in the first quarter of 2008. This is still just the tip of the iceberg.

Some lenders allow self certification of earnings when you haven’t , for some reason, got enough proof of your income. Some self employed people may not have a full history of income or books for example.

Think the “stimulus package” checks are sweet? One board member just got a check for $750 from a class action lawsuit filed against First Premiere Bank, a sub-prime credit card company. Link to Discussion. Usually checks from class action lawsuits net you around $30 - sometimes not worth the paperwork you have to fill out to file your claim in the award.

As renters, my husband and I have been a little unclear on what all the hubbub is with the mortgage crisis. The other day, we saw a headline on the paper that said, “Crisis seeps into prime mortgages”…I took that to mean even people with 30-year fixed mortgages at reasonable interest rates were defaulting on their loans.

The Barney Frank mortgage rescue Bill captured the headlines. The House passed quietly another Bill. Questions and doubts are being raised about this bail out Bill. This Rep. Maxine Water’s Bill sanctioned $15 Billion to local governments to buy foreclosed units.

Tip! Explore the market and shop around to get a low cost car loan. Seek advice from banks, car dealerships and lending institutions. Why Do I Need a Car Loan In The First Place? Even if you’ve saved enough money to be able to pay the full amount for a brand new or secondhand car - it doesn’t matter