Archive for August, 2009
Sunday, August 30th, 2009
Prudence Wong asked: Mortgage, second mortgage and equity release schemes are all used as synonym for home equity loans and are basically the loans availed against your home. In home equity loans, you are borrowing an amount from a lender based on the worth of your property.What are the difference ...
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Sunday, August 30th, 2009
Yankee Running Dog asked: The European Central bank just threw in 348.6 Billion Euros on Dec 17 and the Fed just announced that there were $61 Billion in bids on its $20 Billion credit auction. Do they simply hit the printing presses or what?Scented Floating Candles
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Saturday, August 29th, 2009
Joe asked: Have most sub-prime mortgages been "adjustable"?
Are foreclosures up so high because people lost their jobs?
Or are foreclosures so high because the loans adjusted to such a high rate of interest that people are unable to make the payments? If so, about how many percentage points did the ...
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Saturday, August 29th, 2009
Carl Hampton asked: The sub-prime crisis has had a rippling effect on the worldwide economy posing critical challenges for Governments, Businesses, and Investors.The United States Banks and Trading Houses re-packaged sub-prime debts into attractive-looking securities and/or investment vehicles, which were then picked up in European and Asian markets by Traders ...
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Friday, August 28th, 2009
James H asked: A decade ago the mortgage underwriting standards were pretty simple: 10% minimum down; P&I not to exceed 25% of your net income, 35% of your gross income.
Is anyone that does not meet these traditional metrics considered a sub-prime borougher?
Or is there some “new and improved” underwriting standard?
I’ve ...
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Thursday, August 27th, 2009
blah asked: Do investors quickly sell off their corporate bonds after finding out that these bonds may be exposed to the sub-prime crisis? or do they hold onto it cause the credit spread is getting larger and they may earn more interest?Modern Lighting Choices
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Thursday, August 27th, 2009
GoGators asked: Our house will be paid off next year. We have some major home improvements to do in the near future. Will borrowing costs be more if we borrow against the equity after the first mortgage is paid off, or does it matter?Rhonda
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Thursday, August 27th, 2009
zeishabush asked: What is the difference between a home equity loan and a consolidation loan? Which one looks better on your credit report?Tamara
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Wednesday, August 26th, 2009
Johan Jeuring asked: The needs that demand larger money can be made easier with the home equity loan. Home equity loan helps the homeowner to renovate his home or meet the expenses of son’s wedding etc. with easy financing option.Home Equity Loan are secured against the equity of your home ...
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Wednesday, August 26th, 2009
Ed Lathrop asked: During the last couple of weeks the Dow Jones industrial average has tanked to the tune of over 1,000 points. Many analysts reason this abrupt market downturn has been caused by a sudden increase in sub prime lending defaults. Can a tight mortgage market shoot down the ...
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