Consumer Mortgage Reports — Todays mortgage news, videos, editorials and information. When should you refinance and where with the best interest rates. We will show you.

The HAMP, FDIC & OneWest Bank Scam

February 8, 2010

Does the Obama Administration really want to clean up this mess?

[caption id="attachment_2113" align="aligncenter" width="300" caption="Indymac and the FDIC"][/caption]

Indymac closed it’s doors and was seized by the FDIC in July 2008

[caption id="attachment_2114" align="aligncenter" width="300" caption="Indymac now is OneWest Bank"][/caption]

The assets of Indymac Bank were sold to OneWest Bank by the FDIC in March 2009

[caption id="attachment_2116" align="aligncenter" [...]

Read the full article →

Barney Frank 2009 Porker Of The Year

February 5, 2010

Barney Frank 2009 Porker of the Year With President Barack Obama As The ‘Write In’ Favorite
Chairman Frank garnered the lion’s share of the votes as a result of his relentless and garrulous role in the failure of the government-sponsored enterprises Fannie Mae and Freddie Mac, the two mortgage government-sponsored enterprises (GSE), which were taken into [...]

Read the full article →

Fannie Mae Announces 3.5 Percent Seller Assistance on HomePath® Properties

February 1, 2010

Incentive Part of Ongoing Effort to Stabilize Neighborhoods

WASHINGTON, DC — Fannie Mae (FNM/NYSE) announced today that people purchasing a Fannie Mae-owned HomePath® property will receive up to 3.5 percent of the final sales price to be used toward closing cost assistance or their choice of appliances. The offer is available to any owner-occupant who closes [...]

Read the full article →

Treasuries and Mortgages Continue Their Erratic Ways

January 20, 2010

Treasuries and mortgages continue their erratic ways this morning and opened strong after a small decrease in prices yesterday.

The stock market had improved yesterday but, so far this morning the indexes in pre-market trading were indicating a lower opening as that market keeps swinging.

This morning in the equity market, Bank of America reported another loss, [...]

Read the full article →

Can Mortgage Rescue Programs Kill Your Credit Rating?

December 28, 2009

Most troubled homeowners don’t realize they are hurting their credt by entering President Obama’s trial mortgage modification program (HAMP).

It’s typically true that many people who apply for the Home Affordable Modification Program are already delinquent in their mortgage payments, but add in the fact the amount of time a trial period takes, typically 3 to [...]

Read the full article →

Stated Income Mortgages Are Gone

October 26, 2009

Fed HOEPA Amendments May Signal Final Goodbye To Stated Income

Stated income loans used to be commonplace in the industry. The guidelines were so loose, many called them “liar loans.” Well the credit crisis has devastated this program. One-by-one, the alternatives are going away. The latest? The Federal Reserve Board’s HOEPA (Homeownership Equity Protection Act) rule [...]

Read the full article →

America The America

May 8, 2009

Watch This Video!

Read the full article →

We The People?

April 30, 2009

I just read the largest company in the United States is hiring a person with only 2.5 years of actual experience and no experience as a CEO. The funny part of that is, their experience is actually only in upper management…..wow???? Why would such a large organization do that?

Ooops, my mistake, what I meant to [...]

Read the full article →

Refinance-Unwind the Trapped Equity

February 17, 2009

The reigning credit crunch has disturbed the financial equilibrium of many people around the globe. Aftermath of subprime mortgage crisis was felt the world over and the housing market is yet to recuperate fully. With such a situation prevailing, there are many who successfully manage to tap the equity in their homes. It has been [...]

Read the full article →

MUST SEE The Root Cause Of Our Economic Problems Is The Housing Foreclosure Crisis?

November 1, 2008

If the “The Root Cause Of Our Economic Problems Is The Housing Foreclosure Crisis” as Senator Dodd States, then all the bad mortgages and the $700 Billion Bailout is not necessary.

Or maybe he is ass backwards and it was Wall Street with their aggressive mortgages and the Federal Reserve who encouraged folks to go out [...]

Read the full article →

← Previous Entries

Next Entries →