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  • What caused the home mortgage rates to sky rocket, causing people being unable to pay their monthly mortgages?

    Politics 31.05.2010 11 Comments
    Christopher asked:


    The recession was caused by people being unable to pay back their home mortgages because the mortgage rates were too high?

    Banks were not getting their money back from home owners, causing a credit crunch, thus they were unable to lend money to big businesses.

    Big businesses then had to cut back on expenses and began to lay people off the the thousands.

    So what caused the mortgage rates to go up so high that started this financial mess in the first place?

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    Tags: Financial Mess, High Banks, People

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  • Interest Rates, Tax Credits, Schiff For Senate Money Bomb

    Home Loans 27.05.2010 25 Comments
    SchiffReport asked:


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    Tags: Money, Senate, Tax Credits

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  • Default: the Student Loan Documentary

    Home Loans 26.05.2010 25 Comments
    defaultmovie asked:


    Default: The Student Loan Documentary is a feature-length documentary chronicling the stories of borrowers from different backgrounds affected by the private student lending industry and their struggles to change the system. In 2005 private student loans were exempted of ALL consumer protections. No matter when their loans were taken, many borrowers now find themselves in a paralyzing predicament of repaying two, three or multiple times the original amount borrowed, with no bankruptcy protection, no cap on fees and penalties and no recourse to the law. The consequences are dire, with stories of borrowers in financial and emotional ruin. www.defaultmovie.com A film by Serge Bakalian and Aurora Meneghello

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    Tags: Bankruptcy Protection, Private Loans, Recourse

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  • How to check as what banks are giving good mortgage interest rates ?

    Home Loans 26.05.2010 2 Comments
    JohnPau2010 asked:


    1) Is there a website where we can check as what banks are giving good mortgage interest rates ?

    2) Do we have to look only local banks where I live ? If I live in ILLINOIS , do I have look for a lender or bank in IL only ?

    3) Any suggestions as which bank is good ?

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    Tags: Local Banks, Mortgage Interest Rates, Mortgage Rates

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  • Interest Rates

    Home Loans 25.05.2010 Comments Off
    currencycollege asked:


    Interest Rates

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  • Does the commission on commercial mortgages go down?

    Home Loans 23.05.2010 1 Comment
    abe3475mn asked:


    Does the commission on commercial mortgages go down the higher the amount of the mortgage. On a 25mil mortgage what is the standard commission rate? What is the commision rate on line of credit?

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    Tags: Commercial Mortgages, Commission Rate, Mortgage Rate

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  • Are there any programs to reduce the principal for upside down mortgages?

    Home Loans 23.05.2010 2 Comments
    LR asked:


    First time posting. Ah, now I see. The question still is ‘are there any programs to reduce the principal for upside down mortgages” that are not behind in payment. At 315,000 now worth 200,000!

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    Tags: Mortgages, Principal, Upside Down

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  • What are the best sources of information on Prime equity home loans

    Home Loans 21.05.2010 1 Comment
    shammu asked:


    I am looking to refi my home mortgage and got a suggestion to check out home equity loan. Need help

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    Tags: Equity Loans, Home Equity Loan, Sources Of Information

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