Obama Versus The Banking Cartel – Round 1

Trying to tame a deregulated banking system that was allowed by the previous administration to make deals no one could refuse will require more than a war of wills.

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Story Highlights In January 2009, new FHA loan ceiling in top markets will be $625,500 Industry: FHA-backed loans are the last best deal for many buyers Down payment minimal -- 3.5 percent and credit can be less than stellar

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The word 'jingle-mail' is one we will be hearing a lot more of soon: as homeowners mail in the keys to their properties to their lenders just before they move out, the mortgage landscape of America is entering a dangerous new phase.

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If you want to take a home loan, you will need to borrow funds from a bank or a home finance institution to make the property yours.

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More of the Mortgage Mess as Bank of America Takes a $3 Billion Hit

Once again, a major financial institution is writing off a huge portfolio of bad loans made during the lending craze and housing bubble of recent years.

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A home equity loan allows the home owner to fund his numerous needs by borrowing the money against the equity of his home that serves as a collateral security.

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Georgia-based NetBank suffered severe losses in the year 2006 primarily from mortgage defaults, a lack of proper risk controls and fewer home loan originations, according to a bankruptcy court filing.

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Australian Banks presented a return on equity of 17.5 per cent in the twelve months to March for all the shareholders, as they bumped up the amount of cash they issued in home loans by 12 per cent to $751.6 billion.

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The launch NBD Offset Home Loans is announced by National Bank of Dubai, the main feature of this home loan is that the mortgage balance will be offset by the credit balance.

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If you go for a home loan make sure it is with transparent floating rate. A true blue fixed interest rate remains the same for the whole period. The reason behind is the bank is not allowed to change the interest rate under any situation.

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Some loan officers actually put clients in jeopardy on purpose because it's just a paycheck to them. The way everything is set up, it's in their best interest to charge you as much money as they can convince you to cough up.

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In wake of the recent housing bubble, the real estate and mortgage industries have undergone some drastic changes. One of the more obvious changes is the number of real estate and mortgage brokers now in business.

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Money lending institutions have tarred entire segments of the population as credit unworthy through the mortgage industry's own discriminatory, irresponsible -- and now reckless -- behavior.

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Different ways to get a home loan. If your looking to move, then you should know how to get a good home loan and know what options are available for you.

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Some information about what sub-prime mortgages are. Subprime mortgages are in the news a lot lately due to predatory lending practices by various lenders.

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U.S. stocks dropped for a third day, pushing the Dow Jones Industrial Average to its worst weekly decline since August, as concern mounted that more Americans will default on home loans.

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The government sells HUD homes at bargain prices after the original lender forecloses on them. The FHA and HUD both offer low-interest loans to those who qualify to buy homes on low to moderate income.

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WaMu Mortgage - Online Account Hack - First Person Narrative

Login to a WaMu mortgage loan account, using multiple names, passwords. I'd like to avoid being sued by WAMU, and so I will relate only facts in this narrative. You may draw whatever conclusions you wish.

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For cash-strapped homeowners, it was a pitch they couldn't refuse: Refinance your mortgage at a bargain rate and cut your payments in half.

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by Michelle Chen

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