Refi Plus Could Help You Refinance

Recently, Fannie Mae introduced a program that will attempt to allow more Americans to lock in at historically low mortgage rates. The “Desktop Underwriter Refi Plus” program is going to expand the criteria for qualifying for a loan. There will be a reduction of employee information as well as a lower FICO score will be [...]

Charlie Gasparino Drops the “F” Bomb on CNBC

“Hello, YouTube.” As always, any great Charlie Gasparino video will also be “Hello, Subprime Blogger.”

Subprime – Subprime Credit Cards, Part 3

In the second installment of Subprime Credit Cards we explained that there are many great opportunities during the initial period grace period for some credit cards. Many problems start when the grace period is over. Borrowers tend to build up a balance on their credit cards during the initial period because there are no worries [...]

Bank of America Pays Out $700 Million in Bonuses With YOUR Money

On February 13th, 2009, Bank of America started its year end compensation bonus package. In one day, the struggling bank paid out $700 million and is expected to pay an additional $900 million in cash and stocks in the near future. Where is this money coming from? Is this the same company that is going [...]

Non Mandatory Reorganization or Tender Offer for Bank of America?

UPDATE: A tender offer is usually a premium of the current stock price as shown here on Wikipedia:
To induce the shareholders of the target company to sell, the acquirer’s offer price usually includes a premium over the current market price of the target company’s shares. For example, if a target corporation’s stock were trading at [...]

Best Investments During an Inflationary Period

In previous articles, we mentioned that inflation is likely to happen in the United States in the very near future. The government has given too much money to banks and lending institutions which will cause a decrease in the value of the US dollar and a subsequent inflationary period. The stock market has been a [...]

The PORTAL Alliance Could Be the Destruction of Our Economy and We Don’t Even Know What It Is

Bailout, Rescue Plan, Stimulus Package, Toxic Assets, Subprime Mortgage Crisis and Bad Banks are just a few of the buzz words the financial media has filtered to the American public over the last year. On a daily basis CNBC, CNN, FOXNews, and many other media outlets continue to tell us about the “unprecedented” financial times [...]

Subprime – Subprime Credit Cards, Part 2

The initial Subprime Credit Cards article explained that any credit card with a rate higher than 15% is considered a subprime credit card. Discover Card, Citi Mastercard and Capital One all offer credit cards with a rate of 0% for the first 12 months and under 12% after that. While not everyone can get these [...]

NASDAQ in February of 2000

Mortgage Blog Posts

Mortgage blog posts for today include:
Bankruptcy Repair – The Only Sure Way to Improve Credit Score
Thomas Friedman: The Open Door Bailout
Understand How Adjustable Rate Mortgages Work
Fannie Mae: Finance More than Four Properties If You Want
Bankers to Congress: We Are Lending, We Swear!

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