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loans: Current Mortgage Rates for June 22, 2010 - 06/22/10 02:30 PM
Mortgage rates continue to remain at very constant levels as the average rate for a thirty-year fixed home loan remains at 4.75% today, unchanged from yesterday. With mortgage rates this low it's no surprise why so many people are looking to refinance their mortgages. New home loan applications are also still up.
You will find that many of America’s leading lending institutions including Wells Fargo and Bank of America are offering rates this low to qualified home buyers. Always remember to shop around for the best deal possible before dedicating to a brand new mortgage.
For more information on this article, … (0 comments)

loans: Fed Conference Call Helps Banks Navigate CRE Loan Workouts - 06/08/10 09:29 PM
Economic conditions continue to severely stress the commercial real estate (CRE) market. The CRE market is experiencing increasing delinquencies, value deterioration due to rising cap rates, and substantial refinancing risk over the next several years. The magnitude of the challenge is driven home by the fact that U.S. banks held $1.8 trillion in outstanding CRE debt as of May 2010.
In response to tremendous losses in CRE, the federal banking supervisors issued in October the Interagency Policy Statement on Prudent CRE Loan Workouts. When problems with CRE loans arise, bankers and borrowers often work together to restructure the loan. But CRE … (0 comments)

loans: Can a student loan wage garnishment be stopped? - 06/03/10 07:30 PM
It is general knowledge that a person who quits paying on loans or credit cards may be subject to a wage garnishment judgment.  This is when a creditor goes after a defaulted borrower who skips out on unsecured or secured debt. A wage garnishment simply means that a part of a person's weekly or monthly pay check will be deducted or taken away even before the person lays his or her hand on the pay check. The deducted wage is disbursed to the party or parties that is or are the beneficiaries of the garnished wage. Wage garnishments are usually for … (0 comments)

loans: How does the new health care bill affect student loans? - 05/28/10 06:17 PM
In part of the new health care reconciliation by the federal government, there are many changes that were implemented and affect student loans nationwide. Included in these changes is what appears as a federal takeover of federal student loans. The new law removes the federal family education loan program which cuts out private lenders. Starting July 1st, all federal loans would come from the federal direct loan program. This is because according to the congressional budget office, removing private lenders from the student loans industry would save taxpayers $61 billion for the next ten years.
The new law will also include … (0 comments)

 

Moe Bedard

Carlsbad, CA

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LoanSafe.org

Address: Carlsbad, Ca, 92008

Office Phone: (760) 896-4666

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My name is Moe Bedard and I am Founder of LoanSafe.org and LoanWorkout.org. My mission is to educate consumers online about the loan and mortgage process in order to to help them make the best financial decisions. I am one of the few people on earth who place humans before profits.


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