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Downpayments still keeping homebuyers away
in The Mortgage Roadmap, on July 13, 2009
...39;t require any downpayment at all. This made life easier for borrowers, but helped push a slew of mortgage lenders into bankruptcy once the housing crash hit.
Today, lenders are more careful. Many ...
Larry Summers: the worst is yet to come
in Sox First, on July 12, 2009
...ers still says the right measures are being taken and that, in time, will lift confidence and lower mortgage rates. He told the FT that he wants the US to emerge out of this 'more export-oriented&...
Do you still have faith in Obama's stimulus plans?
in The Mortgage Roadmap, on July 10, 2009
I happily voted for Barack Obama last year. I was thrilled to see George Bush and his cronies swept away.
But I had no illusions: I knew that fixing the country's problems, especially its struggling economy, would require a long, hard slog. I knew, too, that things weren't magically g...
Why it matters if your neighbor's struggling to pay the mortgage
in The Mortgage Roadmap, on July 9, 2009
...
You might not want the federal government to bail out your neighbors who took out bad mortgage loans and now can't pay their monthly bills on time.
Most of them were greedy, you might say. ...
Jackson Memorial Service Internet Viewing May Match Obama's Inauguration
in Wangtam, on July 8, 2009
...f experts around the world - LiveWork
• Prezi - The zooming presentation editor
• Massively
• CollegeClassifieds.com - College Classifieds Textbooks, Jobs, Apartment Rentals, Carpools, Roommates...
Los Angeles leads nation in mortgage fraud
in The Mortgage Roadmap, on July 8, 2009
...If you own a home in Los Angeles, watch out for the scammers. Your city leads the nation in mortgage fraud , according to the FBI's annual mortgage fraud review.
The FBI's Los Angeles field ...
Beware loan-modification scams
in The Mortgage Roadmap, on July 7, 2009
...ils the plight of a Hesperia, Calif., homeowner who thought she was working with officials from her mortgage lender to modify her mortgage loan. The homeowner paid more than$5,000 that she thought was...
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...
Housing slump boosts population in New York City, other big cities
in The Mortgage Roadmap, on July 3, 2009
The housing slump has certainly had some unforeseen consequences. For instance, it may have actually helped boost the number of people living in New York City, Los Angeles and Chicago.
A story by Bloomberg News theorizes that falling home values in the suburbs of California and Florida may h...
Outsourcing Trends
in The Outsourcing Weblog, on July 2, 2009
... © laura padgett
Here's an interesting article on outsourcing trends (made more interesting because I am quoted in it).
In any case, I believe that outsourcing could be at the leading edge...
It's getting tougher to get a mortgage-broker license
in The Mortgage Roadmap, on July 2, 2009
...It's harder to become a mortgage broker these days. Of course, it seems like an ever dwindling people want to be mortgage brokers today. Maybe, then, it's an example of everything working out ...
Are you ready for a mortgage loan?
in The Mortgage Roadmap, on July 1, 2009
...ut to be a homeowner right now. You may not be financially ready to take on the burden of a monthly mortgage payment.
Look at your history of paying your existing bills. Are you ever late sending in ...
Is plain vanilla the right goal?
in The Mortgage Roadmap, on June 30, 2009
...as called for the creation of a new consumer protection agency. The agency would have dominion over mortgage lenders. And as part of their new rules, mortgage lenders would have to offer customers wha...
Durbin-Grassley, Indian Outsourcing, and the H-1B Visa
in Global Mobility Report, on June 29, 2009
...ting examination early this month of what may be the biggest problem faced by the H-1B visa: Indian outsourcing.
A bill currently before Congress, the Durbin-Grassley visa reform bill, would probably...
Would you walk away from your mortgage loan?
in The Mortgage Roadmap, on June 29, 2009
...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 ho...
Dragging out the foreclosure mess
in The Mortgage Roadmap, on June 26, 2009
...cording to a story in the Washington Post, a growing number of homeowners have stopped paying their mortgage bills. But they're still living in their homes. That's because there are so many fo...
Home sales rise again. Is this a housing recovery?
in The Mortgage Roadmap, on June 25, 2009
...go-go pace of the recent housing boom. That market was one built on false promises of wealth and on mortgage money that was too easy to get.
Those days are behind us. And, really, that's good new...
Don't believe the homeownership hype
in The Mortgage Roadmap, on June 24, 2009
...#39;s a simple 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'...
Did Sonia Sotomayor's mortgage views help send county into recession?
in The Mortgage Roadmap, on June 23, 2009
...ar conservative commentators on FOX News and other stations putting the blame for the country's mortgage meltdown on the poor and on the federal agencies that tried to get them into homes.
Their ...
Beware of loan-modification scams
in The Mortgage Roadmap, on June 21, 2009
...wing, too: loan-modification scams.
The scammers target homeowners who have fallen behind in their mortgage payments or those who are facing foreclosure. They promise to modify these homeowners' ...
A new wave of mortgage foreclosures on the way?
in The Mortgage Roadmap, on June 18, 2009
...hink that we'll be seeing fewer homes fall into foreclosure, and fewer homeowners missing their mortgage payments.
I'd like to think all that. Unfortunately, I can't.
What I really think...
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 owning a home have to be the American Dream?
in The Mortgage Roadmap, on June 17, 2009
...for our problems, don't we? And today, a lot of us are busy looking for people to blame for the mortgage meltdown the country is currently suffering through.
You know all about the meltdown: Hous...
Higher mortgage interest rates putting a scare in homebuilders
in The Mortgage Roadmap, on June 15, 2009
...no surprise, then, that home builders are spooked rather easily these days.
Today it's higher mortgage interest rates that are giving builders the willies. A story in the Wall Street Journal po...
How'd the mortgage meltdown happen? NPR knows
in The Mortgage Roadmap, on June 15, 2009
...One of the problems with the mortgage mess that is still slowing the nation's economic recovery is that so few of us regular homeowners understand how everything went so bad so fast. I mean, I cov...
Want a better credit score? Manage your money
in The Mortgage Roadmap, on June 12, 2009
...round. For 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...
So profitieren Kunden und Versicherer durch IT-Consultants
in versicherungsintern, on June 12, 2009
...eiberuflicher IT-Consultant: "Aus Sicht der Unternehmen geht es weder um das komplette Outsourcing der IT-Abteilung noch um den Aufbau einer Parallelabteilung. Es geht lediglich um punktuelle Unt...
Worth Watching!
in The Outsourcing Weblog, on June 11, 2009
... © chucklin
This video is a humorous poke at the Customer-Vendor relationship in outsourcing deals... does it remind you of any of your relationships?
I just wish there was another one from th...
Will rising mortgage interest rates stop housing recovery?
in The Mortgage Roadmap, on June 11, 2009
...
Mortgage interest rates are still pretty low. But they are rising. That has some economists worried. They're wondering whether increasing mortgage interest rates will slow or even halt the mo...
Outsourcing Your Dating Life
in The Dating Weblog, on June 10, 2009
© annie.kisskiss
A number of sources ( TechCrunch , Online Dating insider , VentureBeat ) have reported on a new service that lets you outsource all the stuff involved in online dating - for a mere $480 a month.
VirtualDatingAssistants.com will do the work of creating your profile and scre...
Is it time to refinance your mortgage?
in The Mortgage Roadmap, on June 10, 2009
...ble. Yes. But there is a bright spot for certain homeowners: The weak economy has resulted in lower mortgage interest rates. That means it's a good time to refinance a mortgage loan.
Of course, e...
Could This be the Future of Outsourcing?
in The Outsourcing Weblog, on June 9, 2009
...rket, but because of the underlying concept of reverse project auctions.
I have long thought that outsourcing projects could be susceptible to reverse auctions. In commodity-level sourcing, a project...
Are reverse mortgages the next trouble spot?
in The Mortgage Roadmap, on June 8, 2009
...
I've learned not to necessarily trust everything that mortgage professionals say. But that's because I've been covering the mortgage and real estate industries for more than a decade ...
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...
Crowdsourcing
in Web 2.0, on June 7, 2009
...urcing as "the act of taking a task traditionally performed by an employee or contractor, and outsourcing it to an undefined, generally large group of people or community in the form of an open c...
Banks fight to keep accounting tricks
in Sox First, on June 6, 2009
...he banks to take that lying down. Up until now, the banks had kept assets and liabilities including mortgages and credit-card receivables off their balance sheets and regulators say the change will re...
Mortgage giant Mozilo charged with fraud
in The Mortgage Roadmap, on June 5, 2009
...want to pinpoint the villains who really brought on the housing mess, look at the top levels of the mortgage-lending industry.
That's where you'll find people like Angelo Mozilo, former h...
Rising healthcare costs put strain on homeowners
in The Mortgage Roadmap, on June 4, 2009
...re, too. Of course, the two are related.
But unemployment isn't the only factor in the rise of mortgage delinquencies and housing foreclosures we're now seeing. Credit card debts are high, to...
Mortgage delinquencies not slowing
in The Mortgage Roadmap, on June 2, 2009
...their headlines.
Yesterday, in fact, brought me more bad news. I cover residential real estate and mortgage financing for a living. I'll be honest: It's been a pretty glum beat the last year-...
Be honest with your finances before taking on a mortgage
in The Mortgage Roadmap, on June 2, 2009
...But one of 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 mon...
Even Hollywood hates mortgage loan officers these days
in The Mortgage Roadmap, on June 1, 2009
... Sam Raimi, 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, ...
More bad news: Mortgage delinquencies on the rise
in The Mortgage Roadmap, on May 29, 2009
...at the nation's rising unemployment rates helps push a record number of homeowners into either mortgage delinquency or foreclosure .
According to the Post story, about 12.07 percent of the natio...
More housing woes
in Sox First, on May 29, 2009
...dam York, an economist at Wachovia Corp. in Charlotte, North Carolina told Bloomberg . But the Mortgage Bankers Association's mortgage delinquency figures suggest the bottom is nowhere in si...
Mortgage interest rates went up. Don't panic!
in The Mortgage Roadmap, on May 28, 2009
...Yes, mortgage 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 ...
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 pa...
Loan modifications not always helping homeowners
in The Mortgage Roadmap, on May 26, 2009
...mportant part of the federal government's efforts to halt foreclosures. Basically, they involve mortgage lenders working closely with struggling homeowners - those who are having trouble making th...
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...
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
...ill slumping housing market: The government has consistently made moves that have resulted in lower mortgage interest rates.
This means that buyers who qualify for mortgage loans at an interest rate ...
Infosys CEO interviewed
in The CIO Weblog, on May 20, 2009
...
Gopalakrishnan clearly sees the dangers in industry consolidation and in changes in the nature of outsourcing, with more businesses taking the same tack as they have with their internal IT organizat...
Will credit card bill stall mortgage foreclosures?
in The Mortgage Roadmap, on May 20, 2009
...ween this spiraling credit card debt and housing foreclosures? Probably. It's hard to make your mortgage payments when you're already deep in debt.
The numbers on the foreclosure side are eve...
Speed Sourcing - An Over-Reaction to Long Procurement Cycles?
in The Outsourcing Weblog, on May 19, 2009
... EquaTerra highlighted its "Speed Sourcing" concept - an accelerated process to complete outsourcing deals. The practice, whereby the entire procurement and negotiation process is compressed...
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...
Will federal mortgage loan assistance hurt your credit rating?
in The Mortgage Roadmap, on May 18, 2009
...For homeowners struggling to make their mortgage payments, the federal government's new Making Home Affordable program — which lets homeowners refinance their existing mortgage loans or mo...
SEC official abuses position
in Sox First, on May 18, 2009
Earlier this month, I did a blog entry looking at how appallingly the Securities and Exchange Commission has been managed. Basically, it's a case of of the lunatics running the asylum. Adding to that, we now have the Washington Post tells how an SEC official, deputy secretary Florence H...
Times' reporter's story a reminder: It's easy to fall into foreclosure nightmare
in The Mortgage Roadmap, on May 15, 2009
... ear. They 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...
More bad news: Housing foreclosure activity remains at record levels
in The Mortgage Roadmap, on May 14, 2009
...e prospect of losing their residences.
But if you do find yourself falling behind on your monthly mortgage payments, you must call your mortgage lender immediately. Remember, your lender sees no fin...
Looking to buy? Your mortgage loan might be smaller than ever
in The Mortgage Roadmap, on May 13, 2009
...tes — than it's been in years. And this means that many buyers will be taking out smaller mortgage loans in order to purchase these homes.
Bloomberg reported that the nation's median h...
The Revolution
in The CIO Weblog, on May 12, 2009
...ymore and why exactly you still need that plump budget, anyway.
To be fair, Hackett discusses both outsourcing and offshoring in their cost control strategy, and both are among the techniques that I ...
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...
Selling to Procurement Organizations
in The Outsourcing Weblog, on May 10, 2009
...rested in the issues that arise when selling to corporate procurement departments. A legal process outsourcing company that I'm associated with is cracking this nut, and the differences between th...
No recovery in sight
in Sox First, on April 30, 2009
...ty was "likely to remain weak for a time". With the Fed printing money to buy Treasurys, mortgage-backed securities and housing agency debt , some economists are predicting the US economy w...
50 Ways to Leave your Outsourcer
in The Outsourcing Weblog, on April 28, 2009
...ues, in an article posted on WhatPC yesterday, talked about the difficulties involved in exiting outsourcing arrangements.
Mr. Jaques rightfully points out that offshoring and outsourcing relations...
Future structural changes in supply chains
in Supplychainer, on April 27, 2009
...son and Zeng suggest, we could see entire value-chains established within a geographic region.
- Outsourcing and contract manufacturing changes: There is some opinion that contract manufacturers th...
More job cuts ahead: Bain
in Sox First, on April 23, 2009
... achieving their cost reduction targets. The other tools they plan to use to meet these targets are Outsourcing and Business Process Re-Engineering. All up, that's a sign that many more will lose...
Microsoft Stops Mainstream Support For Windows XP
in Wangtam, on April 16, 2009
...uld Save $1+ Billion Per Year Outsourcing Search To Microsoft
• Time Warner delays meter program
• Evernote + Twitter = Instant Memories
• Tweet this: Rapid-fire media may confuse your moral com...
InfoSys's Sales Decline
in The Outsourcing Weblog, on April 15, 2009
... © JustinLowery.com
Proving once again that the outsourcing marketplace is not immune to the recession, IT outsourcing giant, Infosys, has seen a downturn in its business - its first since 1981. ...
Recession: neither the beginning of the end or end of the beginning
in Sox First, on April 13, 2009
...d, and probably not even at the end of the beginning. "Of course mortage rates are declining, mortgage orginations are surging, and people and companies are borrowing more," Reich says. &qu...
More bad news ahead, says Roubini
in Sox First, on April 8, 2009
...g a steep decline in the the use of credit cards and Reuters reporting that 7% of homeowners with mortgages were at least 30 days late on their loans in February, up 50% from a year ago. The scary p...
Corsair Officially Launches the Voyager Port
in On Storage, on April 2, 2009
...backup and recovery software.
"With 64 GB pen drives now costing somewhat less than a second mortgage - and ever larger units doubtless on the horizon - it's a neat idea, but one which can ...




