Bank of America Buys Merrill Lynch Even as Lehman Brothers files for bankruptcy, Bank of America has turned its sights on Merrill Lynch, buying it out for close to $50 billion. Bank of America has, indeed, created a reputation for itself as a kind of savior, especially since its earlier acquisition of embattled mortgage lender [...]
Latest News in Refinancing Home Mortgages – Sep 11, 2008
September 11, 2008 By Leave a Comment
What Does the Fannie/Freddie Takeover Mean for You? – BusinessWeek The Federal National Mortgage Association ( FNM ), nicknamed Fannie Mae, was a depression-era institution created to make homeownership affordable for the working-class. Freddie Mac ( FRE ) was created in 1970 to provide liquidity, stability and … Mortgage applications up – Reuters NEW YORK [...]
Non Comforming Loan Comparison: Adjustable Rate Mortgage Versus Fixed Rate Mortgage
March 20, 2008 By Leave a Comment
Non Comforming Loan Comparison: Adjustable Rate Mortgage Versus Fixed Rate Mortgage by Rita Cook Are all mortgage loans the same? Or can making a choice between one particular type of mortgage get you in trouble if you aren’t careful. In the case of an adjustable rate mortgage versus a fixed rate mortgage it is true [...]
Bad Credit Mortgage Loans – How Does Your Fico Credit Score Affect Your Loan Approval?
March 16, 2008 By Leave a Comment
Buying A Home With Bad Credit – How To Buy With Past Credit Problems
March 15, 2008 By Leave a Comment
Buying A Home With Bad Credit – How To Buy With Past Credit Problems by Carrie Reeder Late payments on credit cards, automobile loans, and medical bills can greatly reduce your credit score and give you a bad credit label. Years ago, it was extremely difficult to get approved for a home loan with bad [...]
Bad Credit But Need A Mortgage ?
March 14, 2008 By Leave a Comment
Bad Credit But Need A Mortgage ? by John Power Bad Credit Mortgage Bad credit mortgage loans are meant especially for the people who are suffering with bad credit. Bad credit mortgages or sub-prime mortgages are becoming more common in today’s challenging credit environment and many of the mortgage lenders are now offering very competitive [...]
Bad Credit Loans Are Available
March 12, 2008 By Leave a Comment
Bad Credit Loans Are Available by Glenn J.N. Reschke Finding home mortgage loans are a reality for people with bad credit. Bad credit mortgage loans are offered by sub prime lenders. Hard money loans and bad credit mortgage loans are reserved for borrowers with poor to bad credit. There are basically two types of loans [...]
No Down Payment Poor Credit Mortgage Loans – Understanding 80/20 Loan Option
March 11, 2008 By Leave a Comment
No Down Payment Poor Credit Mortgage Loans – Understanding 80/20 Loan Option by Carrie Reeder When applying for a mortgage loan, down payments are generally required as part of the financing. Many traditional mortgages will only finance 80 percent of the home price. Thus, homebuyers are obligated to provide the additional 20 percent. Having a [...]
Bad Credit Mortgage Loans
March 8, 2008 By Leave a Comment
Bad Credit Mortgage Loans by Alison Cole Credit ratings are a very influential factor when a person has to buy a mortgage. Good credit ratings improve the chances of getting a mortgage; while poor credit ratings may destroy the chances. However, today there are many options for people with bad credit ratings to get their [...]
