From the category archives:

Bad credit mortgage lenders

VA Loan Question?

June 9, 2010

Let me give you the specifics first: Me and the wife pre-qualified for our house back in Feb. I have bad credit (583) and the wife has good credit (725). We had a truck loan for 25k with a payment of 429 a month. Since the prequal, we sold the truck and cleared the loan. [...]

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Is this the 800 pound gorilla in the american foreclosure crisis that no one is discussing?

June 8, 2010

If the mortgage lenders had to lower their standards to make more mortgage loans to americans, has anyone done a study to determine where the credit worthiness of americans stands today in 2008 compared to say 10 years ago in 1998? in other words, is it possible that the fact that so many subprime loans [...]

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$700b bail out- I oppose it. How about this plan?

June 8, 2010

Economists please chime in. Review and provide comments. 1. We refinance all the mortgage loans -especially delinquent loans -perhaps leaving out 30 year loans or just including adjustable/5 year or 7 year loans-at today’s house values. And fix the interest rate at lowest possible rate for 10 years. This will give people confidence, decrease or [...]

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Government figures came out today verifying, consumer credit card debt amounts to over 968 billion! How?

June 7, 2010

Will the government be bailing out the credit card debt like they did the high-risk mortgages? Is this the time to just spend, spend, spend as soon the U.S. government and Bush Administration will once again bailout the private sector? Prsident Bush said, America will know when the economy is up and running again…spending will [...]

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Should bailout package absolve borrowers, not lenders?

June 7, 2010

Instead of saving the banks and financial institutions by buying up all this bad debt, and effectively making the individual home owner pay TWICE for his or her mortgage (once for the note, and once for the tax burden from the $700B package), should we not just absolve the lender of the debt. Step 1: [...]

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