Question by DearAbby: Who is at fault for the Subprime Mortgage Crisis?
I’ve heard opinions that the subprime mortgage crisis is the result of predatory lending, buy more about prostate uneducated borrowers, over-valued homes, and a lack of government regulation. What do you think is the main cause? Are there other causes than the ones I mentioned? How do we avoid this situation in the future?
It sounds like there are a lot of groups to blame, but how do we keep this sort of crisis from recurring?
Best answer:
Answer by Greg S
Basically it is the fault of people loaning money to people that were high risk. And people that couldn’t afford loans taking them anyway. In both cases the root cause is greed.
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Question by Fantasy Dominator: FHA/Ameridream assistance?
Whats the good & bad for these programs? My Husband and I have less then perfect credit so I heard that we should think about these 2 options…opinions? We are in the market for a foreclosed home (As MI tops the list)…for example we seen 1 home that would usually sell for $ 148, sildenafil 000 for $ 72, check 000)–Insane but true.
Best answer:
Answer by Miss V
The first person to determine if you qualify for FHA would be a mortgage lender. FHA’s minimum downpayment may be 3% of the loan which can be added to the loan if you don’t have the cash. Ameridream seems to be a ‘gift’ program that will assist with downpayment assistance however, as with most gift programs, the cost is added to the loan.
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Atlantic Coast Financial Reports First Quarter 2014 Results
-Net income improved to $ 0.2 million or $ 0.01 per diluted share versus a net loss of $ 2.0 million or $ 0.81 per diluted share in the year-earlier quarter. … As John has stated, advice we already have seen a turnaround in earnings and asset quality. It's also …
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BUSINESS IN BRIEF 4/5
… system this year will undergo continuous restructuring. Therefore, site he stated that profits and size cannot be the top priority, but greater emphasis should be laid on risk management and business model streamlining to prepare for a leap in the post …
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Comptroller of the Currency, Federal Reserve System, FDIC Seeks Comments …
The proposed rule would apply to all banks, savings associations, bank holding companies, and savings and loan holding companies (banking organizations) that are subject to the agencies' advanced approaches risk-based capital rules (advanced … Click …
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Student Loan Borrowers' Costs To Jump As Education Department Reaps Huge …
Some White House officials are said to support a student loan refinancing scheme, here proponents said, seek but President Barack Obama has not yet publicly endorsed it. The Education Department, information pills on the other hand, has told some refinancing supporters that a …
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FHA at center of scoring dispute
OMB, the Office of Management and Budget, was decidedly bullish in writing President Barack Obama's new budget and predicted a better than 9 percent earnings rate on FHA premiums. CBO, the Congressional Budget Office, was more cautious at 5.3 …
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BP left exposed as Russia warns of sanctions
The Obama administration has already extended the sanctions blacklist to Rosneft's chairman, Igor Sechin, a former KGB officer and chief architect of Russia's energy strategy. A group of 20 … They must refinance an estimated $ 10bn a month. Chris …
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Disaster in the age of McMansions: America's dangerous addiction to suburban …
A Rockville, medical Maryland, treatment mother who allowed her ten-year-old to take the public bus to school risked an investigation for child abuse. Other parents …. Homeowner associations, pharm once rare outside the wealthy neighborhoods that could bear their operating …
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Homeowners can challenge state's plan to use eminent domain
Q: We are selling our home next month, at which time our FHA mortgage will be paid off. I just read that the FHA will no longer charge us … Benny L. Kass is a practicing attorney in Washington and Maryland. No legal relationship is created by this …
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Homeowners can challenge eminent domain compensation
Q: We are selling our home next month, at which time our FHA mortgage will be paid off. I just read that the FHA will no longer charge us … Benny L. Kass is a practicing attorney in Washington and Maryland. No legal relationship is created by this …
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Question by devon: Can I refinance after bankruptcy? any service related to this?
Best answer:
Answer by falsi fiable
You will need to wait a bare minimum of two years following bankruptcy. However, malady most lenders won’t touch you for at least 5 or more years.
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You usually you have to 3 years before you can get approved for financing. If you are referring to a mortgage and you are employed 12/18 months, your best option is to contact a mortgage broker. By all means be straight with them because they’ll see on the credit reports if you apply
Hi, You will need to wait 2 to 3 years after filing the next bankruptcy. But, if you want second opinion you can consult about bankruptcy.