Borrowers get small break from Fed Those with home equity loans and lines of credit didn’t just hit the jackpot – but every little bit helps. By Ismat Sarah Mangla, Money Magazine reporter September 18 2007: 4:17 PM EDT NEW YORK (Money) — After the Federal Reserve’s half-point cut in interest rates Tuesday, homeowners may…
Last week, President George W. Bush announced his FHASecure Plan which is designed to help some 80,000 homeowners avoid foreclosure as their ARMs adjust to higher rates and payments. The announcement not only caused quite a stir on Wall Street, it created a lot of questions on Main Street as well. FHASecure Plan FAQs What…
President Bush Annouces today a new Federal program to help homeowners that are behind on their mortgages. I posted the article below. I will be watching this closely and keep you up to date of any changes. If you are currently behind on your mortgage, credit card debt, taxes anything. Call our offices for free…
Yes I finally did it? I am on Myspace! Many of my friends have been bugging me to get on myspace. I thought that was a place for kids and teenagers to hang out? Little did I know how many people are on myspace, including the likes of Donald Trump, Richard Branson, almost every movie…
The Crisis continue…below is article from CNN this morning. The headline say’s it best, they buyers and homeowners with good credit will make out well, however if you cannot prove your income, or do not have much value in your home compared to what you owe, and credit scores are lacking. You could have a…
10:30amDrinking Coffe with my wife on the porchRedlands, Ca This morning while drinking coffee with my wife and are daughter gigling on her little swing. My wife and I where discussing what is happening in the financial markets and how so many people are getting in trouble with there excess credit card debt and their…
Today we had a great teleseminar, where I interviewed Mr. X that discusses what is going on in the banking industry that is causing a crisis for banks, mortgage lenders, and homeowners! We discuss the strategies that you can do right now to help homeowners keep their homes! Go now and listen to the replay,…
GOOD, BAD OR UGLY? All of the above, if we’re looking at last week and home loan rates. Good news came in the form of friendly inflation and employment news, which helped rates on conforming home loans improve by about .125% over the course of the week. "Conforming" home loans are those under $417K, and…
Today is Thursday it has been a rough week in the office. I have talked with people this week alone about divorce’s, foreclosures, bankrupty, and spend quite a bit of time on the phone with attorney friends of mine, talking about the crisis happening right now! With credit requirements tightening and banks making changes it…
I am angry post! WOW, I have used some really bad language as most will say! But I have never been more pissed than some news I heard about some good friends of mine in the business. I am going to leave their names unnamed right now including the company name, for now! But I…