Fed's jobs program: Doomed to fail
If you've tried lately to refinance your home or get a home equity loan you know what I mean. Banks don't need to … doing the opposite. We're firing teachers and squeezing 30 kids into K-12 classrooms, viagra buy website defunding job training programs and reducing …
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Stories in Friday's edition
John Kerry, viagra dosage who unsuccessfully sought the presidency in 2004 and has pined for the job of America's top diplomat, vaults to the head of President Barack Obama's short list of secretary of state candidates after U.N. Ambassador Susan Rice suddenly …
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Near-zero interest rates might sound great, but banks aren't allowing many …
If you've tried lately to refinance your home or get a home equity loan you know what I mean. Banks don't need to … doing the opposite. We're firing teachers and squeezing 30 kids into K-12 classrooms, defunding job training programs and reducing …
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Question by chaoxiubao: For a BB sales and trading interview, ampoule what’s a good way to catch up on what’s been happening to the economy?
I have not been actively following the markets as I should have been. I need a good summary source that describes why our economy is having such trouble after subprime mortgage crisis, where it’s headed, how it got there.
Thanks
Best answer:
Answer by jkurz2008
Whew boy. You could be in trouble if your interviewer wants to know if you’re up to speed. I should note, however, that if you’re not up to speed, I don’t think you’re a good S&T candidate. What kind of trader doesn’t know what’s going on in the markets? Time is not an excuse.
You just need to read the coverage in the WSJ. Most of their articles over the last few days have dived into the fundementals. Also check out the Wiki on the subprime crisis:
http://en.wikipedia.org/wiki/Subprime_crisis
Overall, you just need to start absorbing the news and parsing what you don’t understand, and fast.
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Question by warmkatladycat: Mortgage/Refinance professionals Can you answer this?
My husband and I are eligible for a HARP 2 Refinance, find however we are finding that lenders are capping the LTV at 125%. This does not seem fair as it says there are no LTV’s on the Making Home Affordable website. Why is that? We have a home value (by Fannie Mae) of 173, stomach 600 and owe about 248,000 (over the 125%). Any lenders in Chicago area that are willing to do that loan? I have been doing research and have made a few phone calls to no avail. Any advice would be appreciated. I do not want to deal with my current servicer as they are no good…Green Tree…I already called them and they have a cap of 125% as well. Besides that, they are HORRIBLE!
Best answer:
Answer by skr
LTV is not capped. It is now unlimited If you have Fannie you can do a Fannie DU Plus if you choose another lender try Wells Fargo
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Requirements for USDA home loans may alter
Kirchhoff said the USDA offers direct loans and guaranteed loans, abortion and both play an important role in helping very low income and low income families qualify for housing. These loans are 100 percent financed and require no down payment. Individual …
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Low-Income Residents can now Purchase a "Home for the Holiday"
The Hope VI Home Ownership Program is a second-mortgage program, viagra order where eligible applicants obtain a first mortgage to purchase a home based on family income, more about and Hope VI funds provide a second mortgage for the difference between the first mortgage …
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Mortgage shopping due for a consumer-friendly reboot
While most borrowers find the home loan process confusing, filled with unfamiliar terms and complex calculations, different groups of consumers tend to approach it differently. Fannie Mae found that lower-income consumers are more apt to select their …
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Question by Draya: How long will it take to get my USDA loan approved?
We were approved for a FHA loan but can get better terms on a USDA loan (because we chose to buy in a rural community), visit our loan officer was unclear on how long it would take.
Best answer:
Answer by JD
Once you have all the information they need and a completed application to them it should usually be about 2-3 weeks. They do have up to 30 days to give you a decision. I just got approved and it took them 2&1/2 weeks to let me know (I paid my credit report fee upfront). Make sure that you pay the credit report fee when you give them your application otherwise they will just mail you something saying that it can’t be processed until you do which makes it take longer. The thing that probably takes the longest on the approval process is them verifying your income.
I also read over the handbooks they have online and they are really helpful in letting you know how the process works. Make sure you read the field office handbooks! I am also including the regular link to their site where you can find out the max loan amount and income requirements.
http://www.rurdev.usda.gov/
http://www.rurdev.usda.gov/regs/hblist.html
What do you think? Answer below!
New Warning on Mortgage Mods: Demand for Up-Front Fees Is a Sure Sign of a …
As such, seek the agency would also like to remind consumers that if anyone contacts them pretending to be from a government program, such as the Home Affordable Refinance or Modification Programs, also known as HARP and HAMP, but try to charge you for …
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Minnesota Mortgage Settlement Funds Help Homeowners: Home Destination
OSMO says that refinance Solicitations/Offers/Approvals represents the first lien mortgages considered for refinancing where loan to value exceeds 80% and would not qualify for Servicer's generally available refinancing program as of 9/30/11 …
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