October 2008
You are browsing the archive for October 2008.
By Tom Lyons on October 30, 2008
But with economic anxieties continuing to mount and political pressure growing for expanded help to homeowners , federal officials could announce a new program to cover as much as $600 billion in mortgage loans in the coming days, sources said. … Apparently, it wasn’t enough to cover the mortgage crisis up with a TARP. No, Treasury Secretary Paulson’s Troubled Asset Relief Program wasn’t the kind of credit repair scores the endangered homeowners needed. …
Posted in Loans, Mortgage, Uncategorized
| Tagged bailout, bailout-bills, barack-obama, ceiprojects, climate-change, credit-repair, economics, economy, global-warming, Loans, Mortgage, politics-as-usual
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By Tom Lyons on October 26, 2008
Streamlining operations will allow our parent company, Popular, Inc. to focus on increased profitability and lower credit costs. Loan file submissions will be accepted until October 31, 2008. If you have a pending loan submission, … In short, if everyone observes the laws then there are still plenty of loans to be had regardless of your situation. By working with a competent Mortgage Professional you can obtain loans that many people feel are no longer available. …
Posted in Loans, Mortgage
| Tagged finance, government, henry-daniels, Loans, massachusetts, Mortgage, pennsylvania, real-estate, social, texas, training
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By Tom Lyons on October 15, 2008
Repair escrow fee of up to $200 if applicable. Settlement or Closing Agent Fee. Recording fees for the deed. HUD will also pay up to 3% of closing costs that are “reasonable and customary” IF this is requested in the contract on Line 5 and approved … Credit report fee. Flood Certification fee. Home Inspection. Invoice must be provided. Homeowner’s warranty. Loan discount points with a certification from the lender that this cost was actually used to buy down the rate. …
Posted in Loans, Mortgage
| Tagged california, credit, credit-score, dallas, houston, hud, massachusetts, Mortgage, pennsylvania, search, training, washington
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By Tom Lyons on October 14, 2008
Credit standards have tightened to the point that you now have to have, at the very minimum, a 680 credit score to obtain financing for a mortgage or home equity loan . If you don’t have that kind of score or better, then you’re going … firm Lieff Cabraser Heimann & Bernstein LLP, which represented the plaintiffs in the litigation, called the new procedures a “paradigm shift in credit reporting industry” that will immediately benefit millions of homeowners and borrowers. …
Posted in Loans, Mortgage
| Tagged chapter-7-bankruptcy, credit-bureaus, credit-scores, equifax, experian, free-tools, letter, Loans, Mortgage, score, simple, transunion
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By Tom Lyons on October 10, 2008
Brian Brady of WorldWide Credit is to Go-To Guy to information on the FHA HOPE Program. If you are struggling to hold on to your home in Northeast Los Angeles, you could do worse than to turn to Brian for advice. … We believe that our connections with Wall Street and secondary mortgage market investors will be a distinct advantage to you, the beleaguered California homeowner . The FHA Hope for Homeowners Loan program isn’t perfect but it may offer you significant relief. …
Posted in Loans, Mortgage
| Tagged california, cheryl-johnson, dating, homes, Loans, los-angeles, networking, program, search
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