elite lending: Re-Aging Credit - Curse or Blessing
- 10/20/11 02:21 AM
Many people are unaware of what the term “re-aging credit” refers to, and how it can affect them. When utilized in a legal, proactive manner it can make late payments disappear like magic! Staring from the basic concept of credit understand that any debt accrued by a debtor must be paid back to a creditor within a specified period of time. Re-aging credit refers to a readjustment of this period of time with the result of an alteration to the debtor's credit history. It should be noted that there is positive and negative re-aging, the former being legal and the … (46 comments)
elite lending: Here's YOUR Mortgage Bailout!
- 01/14/11 06:49 AM
There's been much debate about who is being helped by the never ending stream of bailouts. A main point of contention is that the programs for refinancing or modifying mortgage loans seems to only help those who have neglected to pay their mortgage as agreed. Granted, there are people in that situation who have a legitimate plea for help but what about the "responsible" individuals who have done all they can and kept their payments current? While there are a number of options that provide relief for borrowers who have been unable to stay current with their mortgage obligations there is … (0 comments)
elite lending: HVCC: Big Banks Play Government Like a Fiddle…AGAIN
- 07/20/09 04:35 AM
Year-after-year the largest lenders in the country push for regulations to stack the deck against hometown mortgage companies. Usually the tactics take the form of sweeping Real Estate Settlement and Procedures Act (RESPA) reforms that are disguised as consumer protection rules but apply only to mortgage brokers while loan originators for lenders remain unchecked and legally unlicensed. The latest cash cow for the Big Banks at the expense of consumers, mortgage brokers and residential property appraisers is the new Home Valuation Code of Conduct (HVCC) policy. How could something that sounds so righteous be so unjust? While it is important … (1 comments)
elite lending: Here's YOUR Mortgage Bailout
- 05/12/09 04:55 AM
There's been much debate about who is being helped by the never ending stream of bailouts. A main point of contention is that the programs for refinancing or modifying mortgage loans seems to only help those who have neglected to pay their mortgage as agreed. Granted, there are people in that situation who have a legitimate plea for help but what about the "responsible" individuals who have done all they can and kept their payments current? While there are a number of options that provide relief for borrowers who have been unable to stay current with their mortgage obligations … (1 comments)
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