Tag Archives: credit card loans

The Decline And Fall Of The Mortgage Interest Tax Deduction

Over the next 100 days, we will find out whether or not politicians will make a move to do away with the mortgage interest tax deduction. A tax compromise bill seems due to pass both chambers that will dramatically lower … Continue reading

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What Is A Collateral Manager?

Have you heard about collateralized debt obligations? Those are bundles of debt. Sometimes they are bundles of mortgages and other times they are bundles of student loans or credit card loans or auto loans. CDOs became huge during the heady … Continue reading

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Despite Trillions Of Dollars Of Interventions, The Debt Market Remains Paralyzed

It’s impossible to get a loan from a bank these days unless you have a credit score north of 700 and a lot of documentable income. Until people are ready to buy bonds backed by real estate, by homes and … Continue reading

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A Refinance On A First Mortgage Will Typically Cost You $2,000 To $4,000

Those are upfront fees. It’s usually not a good idea to refinance your mortgage to pay off student loans. Such loans have a lot of flexibility and fewer penalties than other types of loans. If you can get a Home … Continue reading

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A New Plan To Prop Up Mortgages

By Mark Felsenthal WASHINGTON (Reuters) – The Federal Reserve threw a massive life-line to consumers on Tuesday with two new programs aimed at making it easier for them to obtain loans for homes, cars and on credit cards. Under the … Continue reading

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Cash Out Refinance

From Mortgage101: Another way to make a refinance work for you is to refinance for more than the balance remaining on your old mortgage — in effect, tapping your home equity, or “cashing out,” in mortgage speak. For example, at … Continue reading

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Credit Crisis Worsens

From the nationalpost.com: Fannie Mae and Freddie Macneed government assistance to continue operating. These are not just any old mortgage-broker or investment bank. Whether the gold bugs are right and financial markets continue to unravel, banks go under, consumers go … Continue reading

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How’s Wall Street Reacting To The Credit Mess?

Bad leveraged investments in subprime loans led to the current mortgage crisis. How’s Wall Street reacting? By going conservative. Companies are holding cash. Those with high-risk real estate investment portfolios are in trouble. David Leonhardt writes: A recession could cause … Continue reading

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