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Source: topics.nytimes.com --- 4 days ago
The credit crisis has exacerbated a dangerous division between average Borrowers and an elite slice of corporations, banks and executives enriched by the mortgage mania. ... Source: specialchildren.about.com --- 2 days ago
Do we need some sort of special-needs version of The Baby Borrowers? That NBC "reality" show (based on one from the BBC) apparently gives teens a taste of parenting to discourage... ... Source: economictimes.indiatimes.com --- 1 day ago
There were 6 US mortgage meltdowns between 1870 and World War II and all taught the same lesson, that some loans should never be made. How to select home loan ... Source: news.com.au --- 11 days ago
AUSTRALIANS are shying away from the banks as interest rates continue to climb, according to new figures. ... Source: www.timesonline.co.uk --- 3 days ago
A mortgage lender is offering a discount of 8 per cent to homeowners who repay their mortgage early in a new sign of the turmoil gripping the mortgage market. ... Source: www.sfgate.com --- 5 days ago
After six months of haggling and political gamesmanship, a big housing relief bill is heading for final approval. Although it has hundreds of pages and dozens of separate initiatives - including revamping federal oversight of mortgage giants Fannie Mae and... ... Source: business.theage.com.au --- 2 days ago
The demand for fixed rate home loans fell in June as Borrowers don't want to be locked into high interest rates that may begin to ease again, a new study finds. ... Source: blog.zap2it.com --- 1 day ago
Without a doubt, this episode of Baby Borrowers had very little validity in terms of the show's experiment. Yes, it was a lot fun to watch our couples try to parent teenagers when they are teenagers themselves, but none of it had anything to do with proving that the couples can parent. ... Source: blogcritics.org --- 1 day ago
I'm shocked and amazed -- are our teen couples learning stuff being on the show? I sit here today in stunned silence (thank goodness I'm typing this column instead of dictating). Did some of the teens on Baby Borrowers last night actually show some sort of growth? Has the entire experience actually taught them something? I know that may be too much to hope for, but there were signs of it yesterday. Really, there... ... Source: blog.nj.com --- 2 days ago
As this teen so eloquently observes in an NBC episode of "The Baby Borrowers,'' infant poo is "like throw-up, it's all gooey and nasty...and just the smell of it, it makes me sick.'' There's something almost spiteful about saddling... ... Source: www.kentucky.com --- 12 days ago
For six years, the bosses at American Founders Bank praised loan officer James B. Tate for his aggressive lending across Central Kentucky. The sums Tate lent were .extraordinary. and .far exceeded expectations,. they raved. As his portfolio swelled by tens of millions of dollars, Tate climbed in the ranks to become executive vice president and senior loan officer. His salary more than doubled to $165,000 a year, plus $134,000 in performance bonuses. Both Frankfort branches were placed under his command; cardboard cutouts of a grinning Tate adorned their lobbies. But now Borrowers allege that Tate's rise . which helped put the new, locally owned bank on the map . was fueled by fraud. A growing stack of counter-claims by debtors say that, at Tate's direction, forged signatures shifted debt onto unsuspecting victims; schemes rolled bad loans around to keep them off the books; new loans went to hastily founded dummy corporations to pay off old loans; and Tate used loans to build himself a sprawling new Frankfort home, hiding his actions behind a .straw man. who ended up with the house and the debt. ... Source: www.buzzflash.net --- 3 days ago
Over half of all loan professionals in Florida operate without a license. Over 5,000 of these loan orginators in that state have criminal records, and over 2,200 have criminal records in financial crimes. » original news ... Source: www.idahostatesman.com --- 19 hours ago
The members of the Board of Directors for the Idaho Association for the Education of Young Children (Idaho AEYC), leaders in the field of Early Childhood Education in Idaho, are gravely concerned about NBC's reality series "Baby Borrowers." This television series - which was taped in Eagle - exploits very young children in the pursuit of entertainment with possible detrimental consequences to children's mental health. ... Source: www.injuryboard.com --- 1 day ago
In 2007, mortgage brokers and loan officers received huge payouts by lenders like Countrywide , Bear Stearns and IndyMac to put unsuspecting Borrowers into expensive loans (supbrime, ALT-A., etc.), according to the Department of Housing and Urban Development (HUD). Howell Jackson, a professor at Harvard Law School, testified before Congress recently and said that he thinks the Fed has overlooked the problem and that it remains a "serious problem." Ultimately, Mr. Jackson believes that that cost of borrowing for everybody goes up, because of the losses that stem from subprime loans that were issued and continue to be issued due to incentive-laced compensation for the mortgage broker and the high default rate of the loans. The HUB estimates that this type of lending practice cost Borrowers $16 billion in 2007 alone. The Yield Spread Premium (YSP) The YSP is the difference between the lowest interest rate that a borrower qualifies and the actual rate that a lender charges. The greater the YSP, the more a loan originator, like Countrywide, earns and that pushes the mortgage broker, based on avarice and compensation, to steer the borrower into a bad loan. CNNMoney.com provides an excellent example of this YSP problem: Say a couple buys a new house and qualifies for a 6.5% rate on a 30-year fixed mortgage. A greedy broker or loan officer might put the couple in a 7% loan so that he earns a bigger payday, or even a 7.25% loan. Loan orig ... Source: www.dmiblog.com --- 2 days ago
There is a growing chorus among federal policy makers that may signal a major development in the subprime mortgage crisis. One of the most prominent of those voices is, of course, Treasury Secretary Henry Paulson who, in his comments on the economy a couple of weeks ago , chillingly observed that most of the millions of homeowners who are falling behind on their mortgages cannot/will not be saved and thus will ultimately succumb to foreclosure and perhaps bankruptcy. And this is not just the word from someone who many consider to be part of the evil empire. Fair lending champion, North Carolina Congressman Brad Miller , speaking at the Netroots convention last week , on a panel about the subprime mortgage crisis that I facilitated, also seemed to suggest that the current anti-foreclosure struggle was lost. Rather than focusing on foreclosure prevention recommendations, his immediate concern was anti-predatory lending regulation and the prevention of future crises. It's hard to refute this conventional wisdom. Congress, in failing thus far to enact any serious anti-foreclosure measures, has basically given the middle finger to Americans in mortgage distress. Gretchen Morgenson of the New York Times recently wrote: ... Source: www.shropshirestar.com --- 3 days ago
Lending services provider Edeus has developed an innovative method of raising liquidity, offering Borrowers the chance to redeem their mortgages at an eight per cent discount. ...
Source: www.livingstondaily.com --- 5 days ago
Our legislators, along with print and broadcast media, have overlooked another aspect of the current downturn in real estate values. ... Source: www.vindy.com --- 2 days ago
“Baby Borrowers” (9 p.m., NBC): No longer charged with the care of little tykes, the “Baby ... Source: www.newstrust.net --- 3 days ago
Miami Herald - By Matthew Haggman, Rob Barry, Jack Dolan - Jul. 22 (News Report) - More than half the mortgage professionals registered in Florida -- 120,563 -- entered the industry this decade without being licensed by the state, The Miami Herald found. Known as loan originators, they perform the same job as mortgage brokers but aren't bound by the same rules. Submitted by: Melva Hackney NewsTrust Rating: 3.5 from source rating - Review It Visit NewsTrust | About | Sign Up | Disclaimer ... Find more results for Borrowers on RSSMicro.com |
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Kelly Young: a junior in public relations, and her boyfriend Austin Trizzino are on the new reality show “Baby Borrowers.” CONTRIBUTED Kelly Young, a junior majoring in public relations from Dunwoody, Ga., has taken part in the newest reality show on NBC, “The Baby Borrowers.” “The Baby Borrowers,” — derived from the British TV show of the same name — is described by NBC as a social experiment in which five couples, ages18-20, are put on the “fast-track to adulthood” by living in their own house and taking on adult responsibilities. Each couple was given a baby for several days, then a toddler, pre-teens, teenagers and to top it all off, senior citizens. The show gave the couples an opportunity to look into the future and see what life would be like if they decide to have children. Young decided to apply for the show after she saw an advertisement on the NBC Web site. After a month-long screening process, Young and her boyfriend, Austin Trizzino, were selected. Going into the show, Young did feel a bit apprehensive. “I was nervous because I didn’t know what to expect,” Young said. “We were cut off from the world, no connection, no books, no magazines, no Internet, no cell phones, no TV. So that was a little scary, and I obviously have never done a reality TV show before, so I didn’t know if the microphones would be on all the time, if they would be watching all the time.” read more ...