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Results for loan crisis. Search took 2.39 seconds.
Los Angeles leads nation in mortgage fraud
in The Mortgage Roadmap, on July 8, 2009
...uity.
Another popular scheme involves groups using straw buyers to default purposely on a mortgage loan. The group then buys the property at a deep discount from a mortgage lender through a short sal...
Let's Retire F1's Bernie and Max Before it's Too Late
in carzz.org, on July 8, 2009
... adds fuel to the fire by blaming "the Jews" for failing to address the worldwide banking crisis. He went on to suggest that FIA president Max Mosley, one-time fascist leader Oswald Mosely&#...
Beware loan-modification scams
in The Mortgage Roadmap, on July 7, 2009
...try this one published yesterday by the Los Angeles Times. It details the devastating effects that loan-modification scammers can have on their victims.
The Times' story details the plight of a ...
Taking out a mortgage loan without going mad
in The Mortgage Roadmap, on July 6, 2009
...There's one secret to taking out a mortgage loan without losing your mind: Don't obsess over those mortgage interest rates.
Unfortunately, this is the one piece of advice very few borrowers l...
Supply chain video: If you want to re-negotiate the terms with suppliers, the moment is now!
in Supplychainer, on July 5, 2009
...
In applying these strategies, a main element companies should consider is human factor: In the crisis situations, people feel frozen. They don't want to do anything because they are afraid of...
Neverland's future: up for grabs
in Sox First, on July 4, 2009
...towards bankruptcy. He was believed to be paying 20% debt interest on approximately $270 million in loans or roughly $54 million per year and with insufficient income, he was sinking deeper into debt....
It's getting tougher to get a mortgage-broker license
in The Mortgage Roadmap, on July 2, 2009
...ll far below where they stood just one year ago. Getting clients today isn't nearly as easy for loan officers. During the housing boom years, they could wait for their phones to ring with new busi...
Will California drag down the United States?
in Sox First, on July 2, 2009
...
California has entered the new financial year in crisis with a budget deficit of $26.3 billion, up from $24.3 billion, because of the ineptitude of the legislature in missing a deadline and politi...
Are you ready for a mortgage loan?
in The Mortgage Roadmap, on July 1, 2009
...ot;yes" to any of these questions, you might not be ready to own a home. Taking out a mortgage loan is a big financial responsibility. You have to make these payments on time. At the same time, y...
Supply chain video: Preparing for the worst, managing supplier risk in the downturn (Part 2)
in Supplychainer, on June 30, 2009
This is the second part of the video presentation from Professor Rob Handfield in the PMMS Leadership in Procurement from the 2009 on supply chain risks in this economic downturn. In this part, he highlights that a charactaristic of high performance in not simply laying off people and go for radical...
Supply chain video: Preparing for the worst, managing supplier risk in the downturn (Part 1)
in Supplychainer, on June 30, 2009
PMMS Leadership in Procurement: A Global Perspective in Troubled Times was an event organized some while ago in Montreal Canada. Since there are some interesting videos from the presentations in this event on the subject of supply chain management and risk reduction in general, I decided to share so...
July 8: China Cleantech Business Forum
in China Venture News, on June 30, 2009
... is a growing industry focus for venture capital and development funds: Despite the current credit crisis, overall fundraising for cleantech has remained steady in 2008, with 29 funds raising a total ...
Would you walk away from your mortgage loan?
in The Mortgage Roadmap, on June 29, 2009
If your home lost half of its value — not too unbelievable of an occurrence in today's housing market — would you be willing to simply walk away from your mortgage? Would you have any qualms about not making that monthly payment and simply leaving your house behind?
Surprisingly, a ...
Beware the China bubble
in Sox First, on June 29, 2009
...ing to happen. And it will affect all of us. Fitch warns: "With much of the world immersed in crisis, China appears to be one of the few countries where the financial system continues to functio...
Michael Jackson's debt legacy
in Sox First, on June 26, 2009
...Journal tells us, he left this world with $500 million in debt after defaulting on a $24.5 million loan backed by Neverland. A big chunk of this debt was a $200 million loan secured against his bigge...
Pensioners kidnap and torture their investment adviser
in Sox First, on June 25, 2009
...Working as an investment adviser these days is dangerous. You risk incurring the wrath of financial crisis victims. And it doesn't matter how old they are either. Here's an extraordinary sto...
Don't believe the homeownership hype
in The Mortgage Roadmap, on June 24, 2009
...imple reason for this: Homes aren't as good of an investment as real estate agents and mortgage loan officers make them out to be.
Yes, homes historically have risen in value. There's no deny...
3rd Party Blog
in Wangtam, on June 23, 2009
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• LEE IACOCCA UNVEILS LIMITED EDITION MUSTANG
• Trader Bots - Giving you the trading edge
• Football3s
• Google Docs Presentations Updates, Improves
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Can Wind Power Make a Profit?
in IfEnergy, on June 23, 2009
...ng that the juice would be worth $30,000 a year. It's hard to cover the interest on a $500,000 loan with a $30,000 annual payback. It's not an unusual example.
One solution no one likes to t...
Royal Caribbean Cruises Ltd. mit „Clean Sea Award“ ausgezeichnet
in Kreuzfahrten, on June 22, 2009
...igen "Nor-Shipping"-Eröffnungskonferenz mit dem Titel "From Crisis to Opportunity: Shipping's Role in the Fight against Climate Change". Bei der Konferenz diskutierten Reederei...
Bankers' pay soars despite crisis
in Sox First, on June 22, 2009
...t's hard to believe but bankers are now raking in enormous bonuses despite the global financial crisis. The Financial Times reports that Merrill Lynch, UBS and Citigroup are actually cranking u...
Beware of loan-modification scams
in The Mortgage Roadmap, on June 21, 2009
... of housing foreclosures across the nation continue to rise, something else is on the upswing, too: loan-modification scams.
The scammers target homeowners who have fallen behind in their mortgage pa...
Airline crisis strategy: screw customers and staff
in Sox First, on June 21, 2009
Earlier this month, I did a blog entry looking at how the airline business was going to the dogs. The combination of the global financial crunch and swine flu will cost them at least $9 billion this year. So what's their answer? Screw passengers and staff. First, we have the report th...
Mafia cashes in on crisis
in Sox First, on June 19, 2009
...Fascinating story in the Financial Times about how the Mafia has been cashing in on the financial crisis with two apparently "Japanese" men bringing $134 billion worth of fake Treasury bil...
Do you trust the government to protect you from mortgage lenders?
in The Mortgage Roadmap, on June 18, 2009
...
Do you have faith that the government can protect you and other borrowers from bad mortgage loans pushed by shady mortgage lenders? If you answered "yes" to this question, you'll be...
Does Obama's patchwork overhaul go far enough?
in Sox First, on June 18, 2009
...firms to carry more capital to guard against losses. They will also have to retain a portion of the loans they package and sell. Another move will impose stricter rules on all those once-lucrative, an... ...ggest concern about the package is that it does nothing about the ratings agencies which caused the crisis when they made millions by encouraging the spread of risky products that subsequently shatter...
Does owning a home have to be the American Dream?
in The Mortgage Roadmap, on June 17, 2009
... and bought homes that were too expensive for them. Mortgage lenders were lazy, and passed out home loans to people who clearly couldn't pay them back. Real estate agents didn't do enough to d...
Want a better credit score? Manage your money
in The Mortgage Roadmap, on June 12, 2009
...r most, though, the credit score is the key to determining whether they will qualify for a mortgage loan.
Lenders want to see a high credit score — a numerical figure that encapsulates borrower...
Is it time to refinance your mortgage?
in The Mortgage Roadmap, on June 10, 2009
... resulted in lower mortgage interest rates. That means it's a good time to refinance a mortgage loan.
Of course, even with low interest rates, refinancing doesn't make sense for everyone. CNN...
Are reverse mortgages the next trouble spot?
in The Mortgage Roadmap, on June 8, 2009
...s for more than a decade now.
I can see why others, though, might listen intently to what mortgage loan officers tell them. Say you're a first-time home buyer. You're undoubtedly thrilled and...
Wells Fargo accused of pushing bad loans on African-Americans
in The Mortgage Roadmap, on June 8, 2009
...
Whenever I tell people that borrowers shouldn't always be blamed for the bad mortgage loans that they take out, I get sneers. These borrowers should have done their homework before taking out...
Subprime and racism
in Sox First, on June 7, 2009
...rican and Hispanic communities, and the way banks had targeted these people for predatory and toxic loans. As Melvin Oliver and Thomas Shapiro wrote in The American Prospect toward the end of last y... ...
One of the things that has disturbed me the most about the subprime crisis is the impact it's had on the African American and Hispanic communities, and the way banks had targeted these people ...
Banks fight to keep accounting tricks
in Sox First, on June 6, 2009
...he US economy in smoking ruins. They inflated the credit bubble by letting banks originate and sell loans without having to put aside much capital for them. As a result, the banks were making a whole ... ...t looks like US Government will want to repeat the same mistakes that plunged global markets into a crisis....
Mortgage giant Mozilo charged with fraud
in The Mortgage Roadmap, on June 5, 2009
...39;ll find people like Angelo Mozilo, former head of Countrywide Financial and Countrywide Home Loans. You might remember that Countrywide, which was once the nation's top mortgage lender, col... ...I'm always amazed that so many people pin the blame for our nation's current housing crisis on homeowners facing foreclosures. Yes, some of these homeowners — but not nearly all of them ...
Renewable energy and the recession
in Sox First, on June 5, 2009
...be the suggestion in the latest REN21 Renewables Global Status Report . Despite the worst economic crisis since the Great Depression, grid-connected solar PV grew by an astonishing 70% and wind power...
Self Foot Examination Against Needless Diabetic Amputations
in Daily Diabetic, on June 4, 2009
...etes.
According to New York City podiatrist Dr. Michael Perlstein , the severity of the diabetes crisis is illustrated by a trend he's seeing in his practice: more and more patients are undergoi...
Mortgage delinquencies not slowing
in The Mortgage Roadmap, on June 2, 2009
...ng payments or struggling to make them. Your lender is much more likely to want to restructure your loan terms than watch you slowly lose your grip on your home. Remember, losing your home doesn't...
Be honest with your finances before taking on a mortgage
in The Mortgage Roadmap, on June 2, 2009
...f the biggest factors? Borrowers weren't honest with themselves before taking on their mortgage loans.
A mortgage loan is a huge responsibility. For most people, it's the biggest monthly expe...
Even Hollywood hates mortgage loan officers these days
in The Mortgage Roadmap, on June 1, 2009
...i, received mixed reviews last week. But it certainly can't be the critical darling of mortgage loan officers.
That's because the star of the film, the person being dragged to Hell, is a mort...
Blame the recession on Reagan: Paul Krugman
in Sox First, on June 1, 2009
... The big difference of course is their view about the role of government. And if nothing else, this crisis marks a punctuation point in global history. The Reagan-Thatcher ideology that government sho...
New MBAs claim they'll be ethical. Yeah right!
in Sox First, on May 31, 2009
...s. It's a fascinating development because it happens bang in the middle of the worst financial crisis since the Great Depression. Which raises an obvious question: how many would have been prepar...
More housing woes
in Sox First, on May 29, 2009
...are in serious trouble. What's even more concerning is the fact that it's not the subprime loans that are the main cause of the problem. Prime fixed-rate loans now represent the largest share... ...em. Prime fixed-rate loans now represent the largest share of new foreclosures. In other words, the crisis has now gripped the middle class with more people losing their jobs. As the MBA says, things ...
A Week With the 2010 Subaru Impreza 5-door Proves Hatchback Superiority
in carzz.org, on May 28, 2009
...mm" effect) which can improve both economy and performance.
Thanks to Subaru Canada for the loan of this vehicle, which included an extra-cost Sports Package. Our American friends can learn m...
Mortgage interest rates went up. Don't panic!
in The Mortgage Roadmap, on May 28, 2009
...interest rates rose this week. According to Bankrate.com , the average 30-year fixed-rate mortgage loan carried an interest rate of 5.45 percent. That's up from 5.24 percent a week ago.
Rates ro...
China's today national distribution capabilities
in Supplychainer, on May 27, 2009
...issues in China as well:
As an example, Jean Pierre briefly talke about the impact of current crisis on China; apparently the companies which are focusing on import or national service are still...
Is your credit score falling?
in The Mortgage Roadmap, on May 27, 2009
...
There's one number that means more than all the rest when you're applying for a mortgage loan: your credit score.
Also known as your FICO score, this number condenses your history of payin...
Economists predict recession ends this year. As if!
in Sox First, on May 27, 2009
...much optimism. Personally, I have given up believing in economists. Indeed, I blame this financial crisis on economists. I explain why in my piece here ....
Krugman, Soros and Roubini: how to fix the crisis
in Sox First, on May 26, 2009
...;We have in the past been as high as 100 percent of GDP at the end of World War II without having a crisis, but your ability to go that high does depend upon people's belief that you will behave r...
Early retirement soars, but who is going to pay?
in Sox First, on May 26, 2009
... dry by 2037, which means people will be on severely reduced payments. And with the worst financial crisis since the Great Depression pushing US unemployment up to its highest level in 25 years, there...
You can lower your mortgage interest rate -- BEFORE you take out that loan
in The Mortgage Roadmap, on May 25, 2009
...
The average mortgage interest rate on a 30-year fixed-rate mortgage loan last week was still below 5 percent. Historically, that's an amazing rate.
That doesn't mean, though, that there...
Sony to reduce the number of suppliers to half
in Supplychainer, on May 23, 2009
...s year, the electronics unit is expected to post a second consecutive year of losses. The financial crisis has eviscerated global demand for consumer electronics and a strong yen has eroded profits ea...
Britain to lose AAA rating, US is next
in Sox First, on May 23, 2009
...es to build. The problem for the US is that tax receipts are drying up at a time when the financial crisis is putting pressure on governments around the world for stimulus spending. And of course, th...
How low will interest rates go? Who knows?
in The Mortgage Roadmap, on May 22, 2009
...Applying for a mortgage loan — whether it's a new loan or a refinance — sometimes feels like a big gamble.
Interest rates on the 30-year fixed-rate mortgage loan may stand at 5.1 perc...
The refi money is still flowing
in The Mortgage Roadmap, on May 21, 2009
...at have resulted in lower mortgage interest rates.
This means that buyers who qualify for mortgage loans at an interest rate at or slightly below 5 percent — not unusual these days for a 30-yea...
The recession: blaming the business schools
in Sox First, on May 21, 2009
...s and George Bush all went to Harvard, for example. The management mentality that has informed this crisis thought of businesses primarily as economic entities, and emphasised the obscene rewards you ...
How bad is the housing market? That depends
in The Mortgage Roadmap, on May 19, 2009
...
So you're looking to buy a home. You're interested in a mortgage loan. But you're wondering: You've heard some good news recently regarding the U.S. housing market. Has a recovery...
Cashing in on the disgust with banks
in Sox First, on May 19, 2009
... the footsteps of retail giant Tesco which is moving into banking with a a full range of savings, loans and insurance products. Lucy Neville-Rolfe, corporate and legal-affairs director at Tesco told... ...looking at how banks were going to face more intense competition in the wash-up from this financial crisis. To put it bluntly, banks will be losing market share to such forces as peer-to-peer lending,...
Will federal mortgage loan assistance hurt your credit rating?
in The Mortgage Roadmap, on May 18, 2009
...ew Making Home Affordable program — which lets homeowners refinance their existing mortgage loans or modify them to make their payments more affordable — might be a blessing.
The feder...
The problem with economists
in Sox First, on May 18, 2009
...Germany, Denmark and France, sheds light on the hubris of the profession. The paper, The Financial Crisis and Systemic Failure of Academic Economics points out that this crisis is different from its...
Corporate social responsibility and recession
in Sox First, on May 15, 2009
...e companies, it compared the stock price on February 11, 2008, before the worst of the economic crisis, and 12 months later, on February 10, 2009. Then, for each of those two groups of 25, it calc...
Supply chain video: Supply risks for airlines
in Supplychainer, on May 15, 2009
...ms to increase again),
2) Inflation (the effect which might have on the contracts)
3) And at last crisis which has had some impact on the number of tickets bought and the type of them.
He also...
Times' reporter's story a reminder: It's easy to fall into foreclosure nightmare
in The Mortgage Roadmap, on May 15, 2009
...y tell me that they're frustrated that homeowners who were simply greedy, and took out mortgage loans with artificially low initial interest rates, are now placing a burden on the rest of us taxpa...
Financial crisis winners to hurt banks
in Sox First, on May 15, 2009
...lending marketplace" and which has garnered more than 790,000 members and some $169 million in loans since its debut in 2006, LendingClub and Zopa . As The Economist points out, people are no... ...
Who are the big winners coming out of this financial crisis? And how will they threaten to destroy banks? The Economist identifies four big winners that will decimate the banking sector. These ...
More bad news: Housing foreclosure activity remains at record levels
in The Mortgage Roadmap, on May 14, 2009
...'t happen.
Often, lenders will work with homeowners to renegotiate the terms of their mortgage loans to make sure that these owners can keep their homes.
I know it's embarrassing, and fright...
Navigating the new mortgage roadmap
in The Mortgage Roadmap, on May 12, 2009
...I applied for my most recent mortgage loan back in 2006. You might remember that this was right before the housing boom ended and the housing crash began. Bad timing on my part. Today, my home is wort...
Downturn easing without recovery
in Sox First, on May 12, 2009
...ng rates are high. If nothing nasty happens - losses on mortgages, commercial real estate, business loans, and credit cards - the banks might just be able to make it through without another crisis. In... ...ncier George Soros saying that all the stimulus packages are starting work and that the financial crisis is easing. He predicts that Asia will be the first to emerge out of the crisis, and that Chin...
A Hippocratic oath for managers
in Sox First, on May 8, 2009
...
The global crisis is as much a failure of ethics as it is of finance. Business at the end of the day has to serve society which gives it its licence to operate. Creating virtual products as they d...
No recovery yet
in Sox First, on May 8, 2009
...off. Add to that the reports that US consumer credit fell by a record $11.1 billion in March and loan delinquencies continue to rise , although they're starting to level off. As a result, bank...
Financial crisis worse than the 1930s?
in Sox First, on May 7, 2009
...
Is this crisis shaping up as worse than what we saw in the 1930s. There are some claims that this might be the case. In Britain, the National Institute of Economic and Social Research has foreca...
SOX and complacency
in Sox First, on May 5, 2009
...tion from Georgetown University law professor Ethan S Burger in this piece Today's Financial Crisis, Corporate Governance, and the Issue of Third-Party Liability . The problem, he says, is tha...
