Mortgage Guide 101

March 2007 - Posts

• Senator Takes On Bad Lending Practices

  In an article by the Buffalo News, New York Sen. Charles E. Schumer denounces rogue lenders and "liar" loans, proposing national regulation of mortgage brokers and bans on some kinds of high risk loans. This is just the latest in a host of government Read More... Posted Thursday, March 29, 2007 12:29 PM by WealthyGeek | 1 Comments

• YouTube and Going Green

  Politicians everywhere are starting to wake up to the power of YouTube. However, most of them don't also provide genuinely good information on how to go green in your home! Canadian Member of Parliament (MP), Olivia Chow, and her fellow MP and husband, Read More... Posted Monday, March 26, 2007 7:45 AM by Michael | 5 Comments

• Subprime Crisis Deepens

  If financial analysts are right, just over 2 million homeowners are at risk to default on their mortgage loans, according to an article on CNN.com. High foreclosure rates are a real possibility. In some cases, an area could be devastated by foreclosures Read More... Posted Thursday, March 22, 2007 2:35 PM by Michael | 3 Comments

• How Much House Can You Afford?

  Now that home prices seem to be coming down a bit in the US , and interest rates are staying fairly stable (although the Fed is making noises about inflation again), conditions would seem to be right for an improved US spring housing market. A locked Read More... Posted Tuesday, March 20, 2007 8:25 AM by Michael | 0 Comments

• Is Your Home the Only Investment You Need?

  Planning on getting wealthy? Buying your own home is one of the standard strategies recommended by many financial experts. In fact, recent studies of how people gain wealth show that folks that own their own home accrue more wealth in a lifetime than Read More... Posted Friday, March 16, 2007 4:27 AM by Michael | 8 Comments

• Making money from the sub-prime woes

  One man in South Carolina buying and selling real estate foreclosures by the dozen Yesterday, we blogged about the problems in the sub-prime mortgage market and the effect those problems would have on home prices. This is not good news for homeowners Read More... Posted Wednesday, March 14, 2007 1:40 PM by WealthyGeek | 8 Comments

• America’s Home Owners Hit The Skids

  Overdue mortgage payments highest since 2003 Read More... Posted Tuesday, March 13, 2007 4:25 PM by WealthyGeek | 0 Comments

• Getting Out Of Financial Trouble

  If you've got problems with your credit score , you know how much it affects every financial transaction in your life, from your ability to get a phone to whether or not you are paying a ridiculous interest rate for a loan. What can you do if your credit Read More... Posted Friday, March 09, 2007 8:24 AM by Michael | 3 Comments

• 5 Things You Need To Know About Your Credit Score

  Know what your credit score number is? Do you even know what qualifies as a good score and a bad score ? When it comes to your credit, you have to know "the score" so that someone can't take advantage of your lack of knowledge. What are the critical things Read More... Posted Wednesday, March 07, 2007 4:16 PM by Michael | 2 Comments

• Mortgage Industry Crisis Looming?

  In an article from USA Today, HSBC has indicated that it will have to substantially increase risk provisions from approximately $7.1 billion to $10.6 billion. According to a company executive, it could take as much as two to three years for the lender Read More... Posted Monday, March 05, 2007 10:39 AM by Michael | 3 Comments

• House Flipping and "Flippernation"

  If you haven't caught this online series on the ups and downs (mostly downs) of flipping houses, you should. In fact, house flipping may be the "blood sport" of the day, as people try to make that elusive quick buck. If you believe that house flipping Read More... Posted Friday, March 02, 2007 6:51 AM by Michael | 2 Comments