Subprime – Subprime Credit Cards
Subprime credit cards are something that many people do not realize they have. If you currently hold a credit card that is over 15%, you are likely to be holding a subprime credit card. We have heard of many credit cards getting reset to over 25% by companies that are in extremely bad financial situations. [...]
Mortgage Blog Posts
Mortgage blog posts for today include: Mortgage Delinquences Continued Climb in Fourth Quarter Bank Bailout Redux The Fall of Housing Prices; What Goldman Saw Whats Going On with the Fed Balance Sheet “Stimulus” Will Stimulate ACORN
Bad Credit Loans – Cash Advance
In the initial installment of Bad Credit Loans we explained how these investment vehicles are causing the global economic environment to spiral downward. A cash advance is probably the lowest monetary bad credit loan, but is extremely detramental to the economy. These loans are often easy to get as many are offered with no credit [...]
Insurance: The Archetypal Risk Management Institution – Yale, Econ 252, 5.1
This is synopsis one of two from lecture five of Dr. Shiller’s Yale ECON 252 course: Financial Markets. Go to the ECON 252 link to access all synopses to this point. Since 1802 stocks have outperformed bonds by an average of 4% per year. There has never been a 30 year period in the history [...]
Mortgage Rate Predictions – Pimco’s Bill Gross Says 4.5%
The governments actions to help fix the economy will cause mortgage prices to fall to 4.5% says Bill Gross of Pimco. “I think at some point we are going to see a 4.5 percent mortgage rate and the 10-year treasury rate capped at some level,” was a statement made by Bill Gross on CNBC on [...]
Beazer Homes Falls Into Dispair
Oh how they mighty have fallen. If we flash back three years, there was no better buy on the NYSE than BZH and the homebuilders. Are most of them going to fail?
Subprime – What Exactly is Subprime?
Subprime is considered to be an individual or entity that is below the requirements to meet prime borrowing guidelines. Those who are subprime have a heightened risk of default due to previous loan default or delinquency. They may also have filed for bankruptcy of have limited debt experience. There is no true definition, but those [...]
Subprime Mortgage – What are My Options, Part 2
Subprime mortgage – what are my options explained that the first step in getting a subprime mortgage is to get a credit score. After you have gotten a reputable credit score you need to decide what your options are. Individual credit scores are analyzed as follows: lower than 539 – very poor credit between 540 [...]
Mortgage Blog Posts
Mortgage blog posts for today include: How Would the $15,000 Home Purchase Credit Work? Adding Up the Bailout One in Eight Lenders May Fail, RBC Says CNBC In Which Bill Gross Predicts 4.5% Mortgage Rates Pretty Graphs Offer Ray of Hope to Bealeaguered Market
Mortgage Rate Predictions – February 12
Mortgage rate predictions for this week are as follows 30 Yr Fixed Rate – 5.34% 15 Yr Fixed Rate – 4.97% After the Democrats denied the Republicans bill to lower mortgage rates to as low as 4%, it is likely we will see rates start to increase for awhile. There might be a few weeks [...]
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