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Content Tagged with debt + mortgage
[from amaah] Sub-prime borrowers not alone
It's not just sub-prime borrowers who are having trouble getting affordable home loans. mortgage investors are shunning all but the most traditional loans, creditworthy borrowers are getting hammered if they want mortgages with payment options or the "jum
[from amaah] Payments: It's TEN PM, do you know where your mortgage is tonight?
The payment was deducted from the account TWO days BEFORE the due date, but the payment was not credited to the mortgage loan until TWO days AFTER the due date. I'm sure this was all because the servicer utilized a "multi-stage" system. That is, cash the
[from amaah] 'Mortgage slaves' creep into lexicon
Rapid social change, Western pop culture and the use of English have prompted Chinese authorities to add 171 terms to the national language registry, including those to denote mortgage slaves and loose marital arrangements. "fang nu," or "house slaves".
[from amaah] Coping with the mortgage meltdown
Investors essentially stopped buying nonconforming mortgages - those not guaranteed by agencies such as Fannie Mae and Freddie Mac - causing lenders to raise rates on these loans or stop making them altogether. Some home buyers who were preapproved for a
[from amaah] In a Credit Crisis, Large Mortgages Grow Costly
The problem was that he was taking out a so-called jumbo mortgage- a loan greater than the $417,000 mortgage that can be sold to the federally chartered Freddie Mac and Fannie Mae. The market for large mortgages has suddenly dried up.
[from amaah] BNP Paribas Investment Partners temporaly suspends the calculation of the net asset value of 3 funds
The complete evaporation of liquidity in certain market segments of the US securitisation market has made it impossible to value certain assets fairly regardless of their quality or credit rating. The situation is such that it is no longer possible to val
[from amaah] Markets Fall as Lender Woes Keep Mounting
The financial pages are very entertaining these days. John Kenneth Galbraith is sorely missed. "I have been at this for 22 years, and this is about as bad as I have seen it in the fixed-income market... A liquidity crunch. It's a credit freeze."
[from amaah] In the mortgage mess, finger pointing is in style
"American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed rate mortgage," said Alan Greenspan. Rarely has an industry done a better job of following a regulator's suggestion. Guilt?
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