Steadfast FinancesMortgages Archives - Steadfast Finances
Viewing Category » Mortgages
26 April 2012

It’s Harder Than Ever to Get a Mortgage and It’s Only Going to Get Worse

 20s,Mortgages         No comments

It’s becoming clear that one of the largest casualties to the collapse of the housing bubble has been easy access to mortgages. A number of changes to lending procedures has and will be restricting the ability for new borrowers to qualify for a mortgage. For the generation of young adults now saddled with record student loan debt and unemployment, being unable to get loans to by a home might be the next shoe to dro

17 February 2011

MERS Fallout: 50% of All Mortgages in U.S. Now in Question

The Mortgage Electronic Registration System, known as “MERS”, fallout just keeps getting better. In recent months legal challenges have arisen regarding alleged inadequacies and improprieties in the foreclosure process including allegations of insufficient or incorrect supporting documentation and challenges to the legal capacity of parties right to foreclose. Consistent with the Membership Rules there will […]

25 February 2010

Personal Finance Equations You Should Know: the Leverage Ratios

If you’re a believer in The Stuff You Own Ends Up Owning You philosophy, it’s only natural that you should spend a few minutes of every month actually calculating how much, if any, that you’re leveraged and how much of income goes solely to repay your debts. Yes, I know that for many, topics like […]

3 February 2010

Personal Finance Equations You Should Know: the Amortization Equation

Amortization is probably one of the most ubiquitous financial concepts that encompasses our daily lives, but yet, few of us know what it means, how it works, much less, how the monthly payments on all our stuff is calculated. By definition, amortization is: The reduction of a debt over time by making periodic payments (usually […]

5 September 2009

Best Reads of the Week: Prime Borrowers Beginning to Default on Mortgages Edition.

I’m concerned about the growing number of prime borrowers who are delinquent on their mortgages. According to Wall Street traders and pundits, we still have a decent chance seeing a double bottom on the S&P 500.  If the short term economic outlook involves anything resembling the phrase “prime mortgage crisis”, we have a pretty good […]

6 August 2009

Nearly 50 Percent of U.S. Homeowners with a Mortgage will be Underwater in 2011

 Mortgages,Real Estate         2 comments

According to Deutsche Bank’s research, nearly 50 percent of American homeowners with a mortgage will be underwater by 2011. Pretty scary stuff considering 66% of American’s (or 51.6 million people) have a mortgage on their home. And you would think we would have this problem solved considering the stock market is up 50% from the […]

12 March 2009

What Does Mark To Market Accounting Mean For You and Your Home’s Value?

If you’re like most people, you’ve probably heard a new financial phrase in the news called “mark-to-market accounting” and wondering just what it’s all about. Mark-to-market is really nothing but a pseudo confusing accounting practice that says you should price your goods at prices the market is willing to pay for them. Meaning, you take an asset like your home and find […]

24 February 2009

CNBC Originals “House of Cards” Now Available Online

CNBC’s David Faber has probably won himself another Emmy with his latest production House of Cards. [see video below] It’s a 90 minute documentary that covers all sectors of economy from the ground up which originated from the real estate bubble.  A brief outline of what you’ll find: The individual homeowner.  What it’s like to […]

23 February 2009

Living Beyond Your Means: School Bus Driver Losing Her $800,000 Home to Foreclosure

Every now and then you see one of those news stories that make you shake your head and say… What??? CNN ran an all too common story today about a family who is, sadly, about to lose their $800,000 home due to foreclosure (see video below). Such stories are becoming commonplace and subsequently losing their newsworthy appeal, but a […]

20 February 2009

How One Simple Family Mortgage is Tied Into the Global Credit Crisis

For anyone that doesn’t understand how the stock market crash and the credit crisis are related to the foreclosures in your neighborhood, this video might be for you. It clearly shows how one simple family based (sub prime?) mortgage was converted into a “ticking time bomb” after some creative financial processing.  Problem was, that time […]

6 January 2009

The Housing Bubble in All it’s Stupidity Summed Up in this Two Minute Video

As I’ve said numerous times, anyone who didn’t see the housing bubble coming was either blind, not paying attention, or simply got caught up in the buying frenzy. Or perhaps they were affiliated with the National Association of Realtors and just didn’t give a damn because they wanted to cash one more bloated commission check before anyone figured […]

28 December 2008

How Many Sob Stories Must We Tolerate for Consumer’s Stupidity?

 Mortgages         No comments

Yahoo Personal Finance ran a story late tonight on the impending adjustable rate mortgage foreclosure crisis that sent me into immediate blogging mode.  Something that rarely happens because I generally spend a day or two researching and/or writing the posts here at SF. But this post doesn’t take a ton of research because my beef […]

 Page 1 of 2  1  2 »