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By Tom Lyons on May 2, 2009
He’s ignoring the fact that many of the mortgage -backed securities (MBS) are collateralized with fraudulent loans to borrowers who have no way of paying the money back. The losses need to be accounted for and written down while there’s still a glimmer of optimism in the market …. This process of securitization–transforming pools of loans into bonds–enriched the bankers and hedge fund managers while providing more than 40 percent of the credit flowing into the economy. …
Posted in Loans, Mortgage
| Tagged africa, america, asia, canada, copyright, energy, environment, europe, intelligence, medicine, police, police-state, religion, social, usa
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By Tom Lyons on May 2, 2009
He’s ignoring the fact that many of the mortgage -backed securities (MBS) are collateralized with fraudulent loans to borrowers who have no way of paying the money back. The losses need to be accounted for and written down while there’s still a glimmer of optimism in the market …. This process of securitization–transforming pools of loans into bonds–enriched the bankers and hedge fund managers while providing more than 40 percent of the credit flowing into the economy. …
Posted in Loans, Mortgage
| Tagged america, asia, copyright, energy, environment, intelligence, medicine, middle-east, police, police-state, poverty, religion, social
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By Tom Lyons on February 17, 2009
Before you get a mortgage refinance, they will have a look at your credit score. If it’s really bad, you’ll almost certainly get rejected. If you do get accepted, you will be paying more than the average person with an average credit . … an FHA mortgage loan is probably the best type of loan to seek… Tips about refinancing your mortgage If you’ve been thinking about refinancing your mortgage , these low interest days may be the ideal time to take the plunge. …
Posted in Loans, Mortgage
| Tagged cbds-real-estate-guide, energy, finance, financial, internet, money, Mortgage, real-estate, security
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By Tom Lyons on July 14, 2008
An important tool for community and neighborhood revitalization, the FHA 203(k) loan offers flexible qualifying and low down payments: FHA down payment (3%); Flexible credit qualifying; Finance up to 6 months of mortgage payments … The 203(k) loan program offers borrowers the resources to rehabilitate a home that may be in need of repair , either the home that they currently live in, or a fixer-upper. One single loan is used to pay for the purchase (or refinance) and the …
Posted in Mortgage
| Tagged atlanta, break, credit-repair, energy, fha, fha-203k-experts, purchase, renovation-loan, work
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