Subprime Mortgage Crisis – Is it Old News?

Subprime has been a buzz word for what seems like forever in the mortgage industry; well, its really only been about three years, but with as much mortgage news coverage as there has been on it, it does seem like forever. I have started to hear that some analysts are predicting that the “subprime” part [...]

Daily Mortgage Rates News – Subprime Will End Bank of America?

Over the last six months I have been very harsh, yet honest, in my thoughts about Bank of America. In January I posed the question “Will Bank of America File Bankruptcy?” This was prior to main street realizing just what was going on behind closed doors in Charlotte, NC. Just before the mention of bankruptcy [...]

Subprime Loans are What Caused the Financial Crisis?

Subprime loans are one of the main reasons we are in a global financial crisis. When loans for over $250,000 were given out to people who made less than $50,000 a year, you knew a problem would eventually arise. There is no way that someone can afford to pay a loan that is FIVE times [...]

Mortgage Rate Predictions – April 17th – Mortgage Rates Fall to 4.82%

This week mortgage rates gave us a head fake and fell back to 4.82%. I predicted that rates would rise from 4.87% to 4.92% but with the Fed purchasing over $50 billion in mortgage backed securities rates only have one way to go….down. If the Fed continues to keep pumping money into the market, mortgage [...]

HSBC Raises $17.7 Billion; Hopes to Sell Real Estate in London and New York

British bank HSBC raised an astounding $17.7 billion in the stock market and is hoping the property market gives them an opportunity to raise even more cash. HSBC believes cash is still king in the banking sector. No shit? A bank, cash? I would have never guessed! Maybe the British banking giant can help rely [...]

Mortgage Rate Predictions – Subprime Blogger Predicts Rates AGAIN!

On Monday, this is the the first paragraph of my mortgage rate predictions article verbatim:
After three very successful weeks of mortgage rate predictions, I am going to go out on a ledge and make the prediction that mortgage rates will bounce higher. I do not think they will bounce MUCH higher, but we will see [...]

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 [...]

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 and 589 [...]

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