Archive for July 2008

Matthew D asked: Today the band is playing on the deck of our economy, and credit is deadlocked due to sub prime lending.
Is it true that the liberals are responsible, for playing the race card in getting low income persons loans beyond their means?
Or is that just a canard, and are the conservatives actually responsible [...]

Tara for OBAMA! asked: Im a democrat. Voting for Obama.
I want to be knowledgable on this topic and know the facts. Who mainly contributed to our current economic situation via the subprime lending market? Please be concise!
Thanks to everyone! Please dont be rude!

Traveler asked: Can the President not take control of issues like regulation of bank lending practices when the congress is a opposite party majority?

Andy West asked: America’s Lending Partners recently earned a five-star rating from Review Place for the painless process in which the service matches up customers and lenders.“Getting a loan shouldn’t have to be the stressful event it often becomes,” said Joseph McGinnis, a spokesman for America’s Lending Partners. “Our site makes it easy for customers [...]

Ben W asked: The Bank of England has dropped its base rate. Why does this imply that banks should lend/borrow at lower rates? Does it mean they can lend/borrow at 3% from the bank of england?
Please don’t answer with ignorant anti bank rants.

Lori Lessila asked: Predatory Lending-Who can you trust?Everywhere you look these days you see negative impacts in the real estate market.Rates are up. Home values are down. And to top it all off there are Lenders predicating on consumers. So who do you turn to? Who can you trust?It’s more important than ever to become [...]

Jane A. Smith asked: ubprime lending is really nothing new. It was originally designed to enable people with less-than-sterling FICO scores to purchase homes, cars, and other items for which they couldn’t get conventional loans. Also known as “second chance” lending, its purpose was to provide responsible individuals with a second chance to become homeowners. [...]

caseofyou2003 asked: I run a real estate development and we are going to be opening our Activity Center facility in the 6 weeks. My main project at this point is stocking our lending library. I have already purchased fiction and mystery books from our local library book sale. I am especially interested in tracking down [...]

chitownj12 asked: I am debating on whether to just go to a bank, maybe locally, or go through Lending Tree or possibly Capital One Auto Finance. I have really bad credit but have a cosigner with good credit.

Michel Lautensack asked: If you are a real estate investor in the post-credit bubble market and need money to finance your investments there NOT many options left. Traditional mortgage lending is not available to real estate investors. And even hard money loans are few and far between as they now require large down payments and [...]