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Posts Tagged ‘ Credit ’

Thursday: Housing Starts, Philly Fed Mfg, Q4 Household Debt and Credit

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Thursday: Housing Starts, Philly Fed Mfg, Q4 Household Debt and Credit

From Matthew Graham at Mortgage News Daily: Mortgage Rates Approach 3-Week Highs Mortgage rates rose for the 5th day in a row following a higher reading in this morning’s inflation data and an upbeat Retail Sales report. … Today’s increase brings mortgage rates close to their highest level in 3 weeks. You’d have to...
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Tuesday: Job Openings, Q1 Household Debt and Credit Report

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Tuesday: Job Openings, Q1 Household Debt and Credit Report

A couple of posts on consumers … From Professor Hamilton at Econbrowser: Energy prices and consumer spending Whatever the explanation, the facts seem to be that, unlike what we usually observed historically, consumers have been using much of the gains from lower energy prices to bolster their saving rather than using it to increase...
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Dutch pension fund sues Credit Suisse over toxic RMBS

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Dutch pension fund sues Credit Suisse over toxic RMBS

Dutch pension fund Stichting Pensioenfonds ABP filed suit against banking giant Credit Suisse (CS: 23.48 0.00%), claiming the global bank sold the fund residential mortgage-backed securities without disclosing the toxic nature of the mortgages serving as collateral. The suit, which does not mention how much the fund purchased, claims the pension fund is one...
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Credit union group considers interim rule eliminating HVCC a “serious burden”

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Credit union group considers interim rule eliminating HVCC a “serious burden”

The National Association of Federal Credit Unions said Monday that it opposes an interim rule issued by the Federal Reserve Board in October that eliminates the Home Valuation Code of Conduct and encourages independent appraisals. The trade association said that although it supports the intent of the rule — to prevent inappropriate or fraudulent...
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Foreclosure robo-signers put homebuyers’ tax credit at risk

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Foreclosure robo-signers put homebuyers’ tax credit at risk

Homebuyers who were set to close on the purchase of a foreclosed home may not qualify now for the homebuyer tax credit after lenders suspended those sales in 23 states, real estate agents tell HousingWire. The closing deadline for the homebuyer tax credit was extended earlier in the year from July 30 to Sept....
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Where can i find a Hard Money Lender that is not credit based?

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Where can i find a Hard Money Lender that is not credit based?

Question by paperchase313: Where can i find a Hard Money Lender that is not credit based? I am looking for a residential hard money lender that lends 65% arv and does not use credit for decisions making only the subject property. No doc. Basically only concerned with the property and if the numbers work....
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Posted in Realtors | 5 Comments »

How do I get into real estate investments through foreclosed properties with no money and bad credit?

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Question by ernest N: How do I get into real estate investments through foreclosed properties with no money and bad credit? I am looking into real estate foreclosures in oklahoma and they it seeems interesting.The bidding starrts at 2/3 of what the assessor thinks the house is worth but the market valuse of the...
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Posted in Realtors | 4 Comments »

FHA mortgage Credit Requirements

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FHA mortgage Credit Requirements

FHA mortgage Credit Requirements FHA mortgage CREDIT REQUIREMENTS Collections indicate a borrower=s regard for credit obligations and must be considered in the analysis of creditworthiness. In order for a mortgage applicant with collections in the past 24 months to be considered an acceptable credit risk, the underwriter must be able to assess that the...
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