Tag Archives: Mortgage

Toxic Mortgage Syndrome

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Dallas, TX (PRWEB) January 22, 2009

As a freshly inaugurated Barak Obama takes the reins, every person wants to know how the Chief Executive plans to turn about the ailing U.S. economy. What is at the best of President Obama’s list and when will he act? “Without having a doubt, the first issue President Obama has to do is help the people who are acquiring tossed out of their homes left and appropriate due to foreclosure and he wants to act now,” says Reed Allmand, companion in Allmand &amp Lee, primarily based in Dallas, Texas.

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Allmand explains, “A broken economy will in no way be fixed as long as Henry and Harriett Homeowner have to spend two or 3 times the mortgage payment they can really afford. Unfortunately, there are nonetheless millions of Americans with subprime mortgages out there and the payments are forcing them out in the streets.”

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Indeed they are. According to CNNmoney.com, foreclosures have shot up much more than 81% in 2008, and a whopping 225% compared with 2006. And even with the moratoria on foreclosures by Freddie Mac and Fannie Could for the duration of Nov. 26, 2008 via January 31, 2009, foreclosures nonetheless climbed 17% in December over November.

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In 2008, there had been three.1 million foreclosure filings issued, and 861,664 families truly lost their homes.

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Allmand is convinced the Bankruptcy judges need to be allowed to modify mortgages by way of the courts. “What we have right here is an epidemic. The only way out of this is by keeping men and women in their properties and restructuring a mortgage payment they can reside with.”

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W. Reed Allmand is a Board Certified Customer Bankruptcy Lawyer and partner in the law firm Allmand &amp Lee. He has been practicing for 7 years and has handled a lot more than three,000 bankruptcy filings. He is also author of the book, “The Truth about Bankruptcy.” For the previous a number of months, Allmand &amp Lee has filed more than 200 bankruptcies per month. Allmand &amp Lee has law offices in Dallas and Hurst. To speak with Mr. Allmand or to schedule an interview, please get in touch with (214) 265-0123 or you can pay a visit to his internet site at http://www.allmandandlee.com

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MortgageLoan.com Provides Actual Estate and Mortgage Brokers On the web Marketing and advertising Toolkit

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Bunnell, FL (PRWEB) January 29, 2009

The housing market, hit hard by mortgage meltdown and continuing losses in home equity, is creating significant confusion for prospective home buyers. Answering questions is the key to turning these browsing, prospective home buyers into homeowners.

Interactive marketing tools, like mortgage calculators, FHA loan limit finders, local mortgage rates, and finance glossaries are critical to helping a customer engage real estate and mortgage companies. Home buyers increasingly use the Internet to research and finance home purchases, refinance, and investigate loan modifications. If a Realtor or mortgage broker can’t provide answers to preliminary questions–home buyers will go elsewhere.

“MortgageLoan.com knows real estate and mortgage brokers are looking for more economical ways to engage customers online,” states Bill Rice, VP of Content at MortgageLoan .com. “That is why we have repackaged our content, rates, and calculators into easy to use marketing widgets, for their websites and blogs.”

Widgets are becoming a core building block within the Web 2.0 social marketing fabric. Realtors and mortgage lenders are marketing to homeowners and new home buyers with websites, blogs, social networks, and community forums. Mortgage widgets make it easy to bring professional content and functionality to these social media campaigns.

“Many of the first users of MortgageLoan.com’s widgets have demonstrated enormous creativity in mashing up our widgets with their own content to create very successful Internet lead generation platforms,” says Bill Rice. “They are finding these easy to use tools encourage home buyers and homeowners to pick-up the phone for more information.”

MortgageLoan.com has made it simple to get any real estate website looking professional. The online marketing toolkit includes: professionally written finance news, financial terms glossary, mortgage calculators, local FHA loan limit finder, and a variety of other interactive tools.

“The best thing about widgets, like the ones MortgageLoan.com provides, is that they get your online visitor engaged. They are using your information and calculators to get smarter,” explains Bill Rice. “That is going to leave a much stronger impression with the customer–encouraging a call for your expertise.”

With mortgage rates declining and housing prices still dropping, opportunities in the real estate market are significant. However, the secret to capturing that opportunity is to cut through consumers’ confusion–getting them talking to real estate and mortgage experts. This is the core objective of MortgageLoan.com’s new online marketing widgets and tools.

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Related Loan Modification Press Releases

Surviving and Thriving a Mortgage Meltdown Easyquote123.com Launches to Offer you Swift Data and Solutions in Today’s Volatile Property Financing Marketplace

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East Norriton, PA (PRWEB) February five, 2009

Exactly where some individuals see crisis, other folks see chance – and in John Latterner’s eyes, the mortgage meltdown provides a lot of chance for the savvy company executive.

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At a time when mortgage firms are jumping through hoops (federal background checks, new licensing specifications) to keep afloat or going out of enterprise altogether, the principals at East Norriton’s Apex Lending Inc. are searching at the challenges as a chance to break by means of current markets and open up new ones – with mortgage modification leading the charge.

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As the regional sales manager for Apex Lending, Latterner recently launched EasyQuote123.com to provide customers fast info and options to today’s volatile house financing industry. The 38-year-old Penn State grad, who has worked in the industry for such former heavyweights as Bank of America, Fidelity Mortgage and Suntrust, has produced a extensive, user-friendly website for homeowners and potential homebuyers.

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In addition to offering up-to-date data on mortgage modification options and totally free rate quotes, the site features a complete host of interactive calculators developed to aid buyers figure out such important concerns as:

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Ideal Rate Referrals Expands Telemarketing Mortgage Lead Generation with a Second Contact Center in the U.S.

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Las Vegas, NV (PRWEB) February 11, 2009

Greatest Price Referrals is a top provider of telemarketing mortgage leads, loan modification leads, and mortgage direct mail. Very best Price Referrals specializes in custom telemarketing campaigns for clientele nationwide. Right after five years of continued enterprise, Best Price Referrals has designed specific telemarketing methods that improve lead conversion.

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Due to the present boost in loan modifications and FHA leads, Greatest Rate Referrals is expanding to a second contact center to deal with the increased enterprise. This new call center makes it possible for Best Price Referrals to take on a lot of new clientele, whereas in the previous, they had to turn away clientele due to a full schedule.

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Over the previous year, Very best Rate Referrals has created a custom system to generate loan modification leads. Telemarketers call property owners with higher threat loans nationwide to inform them of a plan specially for property owners in their situation.

New Mortgage Loan Modification Site Launches to Assist Property owners Avoid Foreclosure

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Delray Beach, Florida (PRWEB) March 13, 2009

In response to the massive onslaught of property foreclosures that have been spreading like a virus by means of every single city and suburb of this wonderful country, President Obama has signed into law the Homeowner Stability and Affordability Program, which is far more than most likely going to be an effective stopgap answer until we can get our economy back on the proper track.

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Mortgage loan modification, a key element of this strategy, is at this junction in time a really confusing topic to most struggling Americans. Certain, there are a lot of info tidbits strewn all over the internet, but as of yet there are no actual one-stop sources of worthwhile information on this subject. This is where Very first Capital Loan Mod claims that they can provide better assistance than what is currently obtainable in the marketplace.

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“We know that it’s really critical to get the correct info out to those who want it. This is a very timely matter, as mortgage loan modifications probably won’t be around forever. What struggling Americans really want appropriate now is a supply of reputable, secure and skilled details — not some ill-intentioned sales copy that only rewards the website’s firm!” a Initial Capital representative clearly explained.

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Via their website, FirstCapitalLoanMod.com, 1st Capital provides customers an straightforward step-by-step mortgage modification program. Their loan mitigation specialists offer an specialist information of all Federal and Customer Homeowner Laws to support any individual who really wants it by way of this current housing market crisis. Their belief is that every single single 1 of this nation’s 300 million citizens need to be allowed to have the correct to decide on whether or not to personal a property with no possessing to worry about what’s going to take place to them after they sign all the paperwork.

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Tom Jarboe of 1st Mortgage Corporation Offers Tips on How to Financially Survive in Today’s True Estate Market place

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Walnut, CA (PRWEB) March 19, 2009

Tom Jarboe of Initial Mortgage Corporation introduces four solutions that promote Economic Survivability.

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In tough financial instances, 1 needs to get his or her personal finances in line to guarantee monetary survivability.

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In the course of a current guest-lecture at a regional Community College, Mr. Jarboe was asked to speak about what people having problems creating their mortgage payments can do to survive the financial issues absolutely everyone is facing. Even though this is no easy topic the options are basic, and can be put in the following priority of actions:

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Redesigned Shoprate.com Provides Expert Suggestions for Mortgage Consumers

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Foster City, Calif. (PRWEB) Might five, 2009

Shoprate.com, an Web marketplace devoted to connecting guests with good quality lenders, recently underwent a huge redesign to far better serve guests by means of enhanced usability and enriched content. In today’s uncertain economy, Shoprate.com answers challenging customer questions about mortgage prices, refinancing choices, house purchasing and far more.

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Property buying and mortgage financing have become increasingly challenging for buyers to keep up with and understand. Add in new government plans like Obama’s Producing Home Cost-effective proposal, tax breaks and state-funded initiatives, and home loan applicants could finish up shell-shocked, brain-fried and discouraged. Shoprate.com addresses these issues with its newly created website, delivering visitors with day-to-day interest price quotes, mortgage news, mortgage calculators, price lock recommendations and a new specialist opinion section.

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“Shoprate.com’s new functions enable absolutely everyone, from 1st-time property buyers to specialist investors, to comply with interest rates and trends, and even uncover nicely-researched tips on loans ranging from low-revenue USDA goods to $ 50 million super-jumbo transactions,” mortgage expert and Shoprate.com Spokesperson, Liz Freeman mentioned. “Users can even get a bona fide specialist to answer their queries personally.”

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Shoprate.com’s extensive redesign contains the following:&#13

The Mortgage Interest Price Table gives customers with the very best available interest prices. Whether or not looking to acquire their very first residence or to uncover the very best refinance quote, the interest price table helps users make smarter decisions when shopping for a mortgage.&#13
Regular Mortgage Rate Updates. It is frequent for prices to update every few hours as volatile bond and mortgage-backed securities markets drive prices in diverse directions. Shoprate.com brings you these up-to-date prices.&#13
Ask the Professional. The Shoprate.com panel of hugely qualified and experienced mortgage specialists gives answers to a wide variety of user-submitted queries.&#13
Every day Mortgage Rate Evaluation, Trends and Price Lock Recommendations. Every organization day, Shoprate.com professionals comb the bond and mortgage-backed securities markets, the stock markets and government economic reports, and compile it into 1 straightforward-to-read short for shoppers.&#13
Weekly Articles offer you tips on mortgage buying, property loan value determination, mortgage insurance and benefits. Articles also address how to uncover a loan expert and how to make credit and loan applications impress underwriters.&#13
Mortgage Calculators are invaluable tools for assisting mortgage shoppers establish how significantly property they can afford, what type of loan they might qualify for, how month-to-month payments are applied to the loan balance and when to refinance.

For mortgage shoppers hunting for a initial home and an FHA loan, or homeowners asking yourself if they qualify for a refinance or modification under the HASP system, Shoprate.com’s revitalized tools and panel of authorities can point them in the correct direction. Shoprate.com’s specialist opinion section can be located at http://www.shoprate.com/professional-opinion.

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About Shoprate.com:&#13

Shoprate.com is a trusted resource where shoppers can compare mortgage prices, read expert guidance and analyze data before producing financial choices. The site’s renewed concentrate on high top quality content and usability has allowed Shoprate.com to become an on the web leader in mortgage, home equity and refinancing info.

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Discover Far more Loan Modification Press Releases

The National Mortgage Complaint Center Desires To Group Up With Actual Law Firms To Assist Homeowners With Loan Modifications and Foreclosures

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Washington, DC (PRWEB) June 22, 2009

The National Mortgage Center is 1 of the most quoted sources in the US on predatory mortgage lending and the group is initiating a campaign to list true law firms on its web web site, in order to get genuine assist for homeowners needing a loan modification, or foreclosure assistance, in each and every US State. The group is saying, “we are sick and tired of the phony Television ads, the misleading radio commercials, and the fraudulent web sites, supplying loan modifications, and/or foreclosure relief from non attorneys. We want to place an finish to this by listing true attorneys or law firms in each and every state that actually have the ability to assist consumers with loan modifications and/or foreclosures.” For a lot more details, lawyers or law firms that have a practice location in true estate, foreclosures, bankruptcy, or brief sales ought to contact the National Mortgage Complaint Center at 866-714-6466, or get in touch with the group by means of its web internet site at Http://NationalMortgageComplaintCenter.Com.

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From a credibility standpoint, the National Mortgage Complaint Center actually has been featured on CNN, NPR, or in Newsweek Magazine, Funds Magazine, the Wall Street Journal, Excellent Housekeeping Magazine, CNN Income, The Los Angeles Instances (As The Great Watchdog), CBS Market Watch, and many other publications. According to the group, “we expect the 2009 and 2010 foreclosure situation to get worse, and we need real attorneys or law firms to aid these folks.” For much more info law firms or attorneys can make contact with the National Mortgage Complaint Center at 866-714-6466, or speak to the group by means of its web web site at Http://NationalMortgageComplaintCenter.Com.

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According to the National Mortgage Complaint Center, “we want to place the phonies out of company we intend to list attorneys or law firms in every single state that have the suitable skill sets to support home owners with mortgage or foreclosure concerns, and we will do weekly press releases for years to make positive shoppers in their state know where to go or how to get support. The group will let no much more than two law firms in each state to participate this initiative is based on first come, very first come, 1st serve, and its intent is to really get some support for homeowners in what could be the worst mess of their life. The expense for participation is $ 425 for a law firm, and the law firm must be primarily based in the state it delivers the foreclosure, loan modification, bankruptcy law, or quick sale help. For much more information law firms that specialize in genuine estate law, bankruptcy law, foreclosures, brief sales, or customer law need to contact the National Mortgage Complaint Center at 866-714-6466, or speak to the group at its net web site at Http://NationalMortgageComplaintCenter.Com.

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If a genuine estate specialist or law firm knows of a colleague with these specialties, please share this press release with them.

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Mortgage Scams up 36%: Stay away from These 7 Mortgage Traps by Author Walt Vieira

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Albuquerque, NM (PRWEB) September 25, 2009

Walt Vieira “The Mortgage Rebel”, author of Mortgage Secrets six Measures To the Lowest Rate and Closing Charges… Assured! reveals what mortgage businesses do not want shoppers to know. These 7 suggestions will aid buyers save thousands of dollars.

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Shoppers need to be aware of the Loan Sharks lurking in the waters. Now more than ever consumers require to make positive they are dealing with the right mortgage organization and loan officer. Mortgage Fraud is not going away any time quickly. According to the FBI, Mortgage Fraud is escalating and there seems to be a correlation between fraud and distressed true estate markets, the number a single state being California. Scams consist of, Bait and Switch, Loan Modifications, and Foreclosure Rescues.

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“Sector personnel will really feel stress to discover alternative techniques to match the income they enjoyed during the actual estate boom years. Numerous will be prepared to conduct criminal activities to accomplish this purpose…” – FBI

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Avoid These 7 Mortgage Traps &#13

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The No. 1 question buyers need to be asking — just before they decide on a mortgage organization.&#13
No matter whether you must adhere to your realtor’s guidance relating to home financing.&#13
Paying for a Loan Modification Upfront&#13
The Take Away &#13
The Bait and Switch&#13
Bad Credit Repair Business Scams&#13
The Low Rate Advertisement scam

Credentials: Walt Vieira :”The Mortgage Rebel” is a 12 year mortgage and real estate professional, President of Riverside Lending &amp Realty and Author of Mortgage Secrets 6 Measures To the Lowest Rate and Closing Fees… Assured! He has been a Fox Organization News Contributor and Funds Magazine Contributor, and Great Day New Mexico. He has done national Tv interviews along with radio interviews across the nation.

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Availability: National by arrangement and by way of telephone

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Internet site: http://www.mortgagerebel.com

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Connected Loan Modification Press Releases

2010 Mortgage Industry Outlook at HSH.com

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Pompton Plains, N.J. (PRWEB) January 5, 2010

HSH.com released its 2010 outlook for mortgage prices and the mortgage marketplace. “The 10 Most Crucial Aspects for 2010’s Mortgage Industry” covers a wide range of subjects that will influence each the cost and availability of credit in the coming year.

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Every little thing from mortgage marketplace regulatory overhaul to concerns about inflation are being thrown into the 2010 market mix. “We commence with adjustments to the Actual Estate Settlement Procedures Act (RESPA), which will see its most sweeping overhaul since its 1974 enactment, and that’s just the starting,” said Keith Gumbinger, vice president at HSH Associates. “If you thought 2009 was a challenging year for housing and mortgage markets, 2010 will be all that and much more.”

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Aside from new regulatory regimes dictating the terms and availability of specific types of credit, the quite structure of mortgage markets themselves will undergo wrenching change. Gumbinger noted, “Fannie Mae and Freddie Mac, the two most important players in the U.S. mortgage industry, are going to have new roles. The dominating influence of these government-sponsored enterprises, which has defined the U.S. mortgage industry for decades, is going to change.” For investors, adjust introduces threat, and threat in turn affects interest rates.

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Housing and mortgage markets will continue to endure from the failures of yesterday’s loans. Foreclosures and loan modifications are anticipated to be a recurring theme all through the year. Expiring tax incentives for home purchases is probably to distort demand in 2010, considerably as it did in 2009, but demand for residences will probably remain pretty stable all round, especially if the economy continues its path toward recovery.

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If the economy continues to improve, borrowers just may well start off to see some loosening of underwriting standards, which have prevented numerous from obtaining the credit they require. “Years of credit tightening might ultimately come to an finish,” stated Gumbinger. “The outlook need to be enhancing for more marginal borrowers as we roll forward, but that will depend upon a quantity of variables all coming together.” These elements consist of reduce-than-expected losses on current loans, firming residence rates and an enhancing jobs marketplace.

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A fuller discussion of mortgage marketplace situations in the year ahead, as properly as a lengthy-range forecast for mortgage rates, are covered in the 2010 Outlook, which can be identified at http://www.hsh.com/2010Outlook.html.

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HSH Associates, Economic Publishers, has tracked the nation’s mortgage market place for home purchasers, home owners and business participants since 1979.

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Keith T. Gumbinger, vice president of HSH Associates, is obtainable for interviews about mortgage price trends and connected market place situations. To interview Keith, please call 973-617-8700.

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