Tag Archives: tight credit

Are Mortgage Standards Too Tight?

It used to be that you prior to 2007, you could get liar loans, aka mortgage loans without proof of income. Standards for mortgage lending were way too loose. Are they now too tight? If they are too tight, then … Continue reading

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Mortgage Lending Declines Sharply

Record low mortgage interest rates! You’d think that would lead to an expansion of mortgage lending. And you’d be wrong. Mortgage lending standards are high, jobs are few, economic growth is anemic, and the number of mortgages underwater keeps rising. … Continue reading

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Mortgage Rates Rise Fourth Straight Week

I was curious how rising gas prices and the disaster in Japan would effect interest rates. I did not see such rates rising for four straight weeks. The inflation threat is growing. Report: Low mortgage rates haven’t been enough to … Continue reading

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Home Prices Plunge In Big Cities

I expect a 10% decrease in home prices in 2011. Declines are sharpest in big cities. In 2011, there will be fewer people buying homes due to rising interest rates and high unemployment. At the same time, millions of foreclosed … Continue reading

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White House Says American Economy Hitting Tough Stretch

The White House essentially agrees with the sentiments of former Fed chief Alan Greenspan who says the credit market is in a once-in-a-century disaster. Greenspan used the word “tsunami.” Perino explicated. From the Voice of America: The White House says … Continue reading

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England’s Credit Crunch

From the UK: The central bank’s Credit Condition report shows “expectations for house prices and concerns about the economic outlook” led banks and building societies to reduce the amount of mortgages available. Unsecured credit – the form of personal loans, … Continue reading

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UK Mortgage Approvals Up

Mortgage loan approvals rose in April, new data has revealed. According to figures from the British Bankers’ Association (BBA), approvals rose nine per cent last month when compared to March. However, the figures are still lower than in the same … Continue reading

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Wanna Refinance Mister?

When the Federal Reserve started cutting interest rates last year, analysts expected a ton of applications for refinance. It hasn’t happened yet. It still might. What do you need to refinance in this tight-credit climate? A great credit score. Get … Continue reading

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