Mar 182011
 

I am not sure if someone else on here has already said this, but the goverment recently changed the rules for tax liens and offers in compromise.

The information can be found at the IRS website. Basically, if you have a lien, you can get it withdrawn from your credit reports.

Just follow the new information and the will withdraw it after 3 months. (which is way better than them saying paid in full)

 

Has anyone gone through this company for credit repair?  My wife and I just signed up after getting a break on the cost.  Our scores are in the mid to upper 500s and we’re hoping to get above a 650 to get both a new vehicle we need and a house within the next 1-2 years.

 

 

Just a note:  I’m not promoting any company on here, I just wanted to know if anyone went through this company and what the outcome was.  I apologize in advance if I violated the rules by asking this.

 

Hello all,

 

What a wealth of information this site is! I’ve learned so much and do appreciate all the guidance/knowledge given. Question though? I have a couple of lates, years ago, from Audi Financial that I would love to goodwill. I have no idea as to who to contact. Anyone have any experience in doing so? I just need the contact info. I’m not familiar with the rules of this forum, if it’s a problem posting the info maybe PM me. Thanks in advance for your time.

 

Merry Christmas and Happy New Year to all!

 

Husbands waste too much money
FIGHTS over money are on the rise as women seize more control of the purse strings in relationships.

Read more on Adelaide Now

Husbands waste too much money
FIGHTS over money are on the rise as women seize more control of the purse strings in relationships.

Read more on Adelaide Now

AIG Bank Settles U.S. Claims of Mortgage Fee Bias Against Blacks
March 4 (Bloomberg) — AIG Federal Savings Bank and Wilmington Finance Inc. signed a consent order with the U.S.

Read more on Bloomberg

New mortgage rules could fuel current market
Home sales in the Barrie area could be heating up following last month’s announcement by the federal government that new mortgage rule changes are coming to discourage cash-light buyers and speculators.[...]

Read more on Barrie Examiner

 

 According to the rules for IBR, if a person qualifies for IBR their monthly payments can be anywhere from $0 to 15% of their income, also according to the rules, after 25 years of faithful payements, the rest of the loan is forgiven.

 

 Now does this mean that if John Doe qualifies for IBR and his IBR payments are $0.00 per month, and he continues to qualify for IBR each year, after 25 years will the loan be forgiven without him paying one penny?

 

 According to the rules I read, I would tend to say yes.

 

 Their would be some negatives, your balance would increase but payments would be 0 (in his case) so John’s score would take a hit.

 After 25 years, if forgiven, would count as taxable income and may cost someone their social securtiy disability and SSI checks for making

too much money.

 

  It seems silly, how can a person make faithful payments of $0.00??

 

  This could actually be true though, I have found that the IBR applications are usually buried very deep within the lender’s site making them quite hard to find at times.

 

  Anyone want to check up on this as it may be an option for some.

 

  Oh, Federal SL only, of course.

 

 

 

  

 


I have been pre-approved prior to (but not buying a house) when I went to the same bank, they said, their new regulations (no specific guidance has not been met.) What kind of regulation of banks are now with mortgage loans people who can benefit from?

 

Research and Markets: Mortgage Broker Attitudes Towards Lenders
DUBLIN—-Research and Markets has announced the addition of the “Mortgage Broker Attitudes Towards Lenders” report to their offering.

Read more on Business Wire via Yahoo! Finance

Earnings Report for Feb. 20
Net income for the year was $17.6 million, or $1.02 per share, compared with $15.1 million, or 91 cents per share, in 2008. Dynex Capital, which is based in Henrico County, is a real estate investment trust, which invests in mortgage loans and securities on a leveraged basis. Shares fell 6 cents, or 0.67 percent, to close at $8.91 yesterday.

Read more on Richmond Times-Dispatch

Norris: Equality at Issue for MBIA
All insurance policyholders are equal. But some are more equal than others. Just how much more equal, and whether the less equal have been defrauded, is the issue in cases now pending in both state and federal courts in New York. The insurance company is MBIA , the once-dominant insurer of municipal bonds that went badly off course when it decided to insure things like mortgage-backed securities …

Read more on New York Times

‘Not big’ impact expected from mortgage rules
New mortgage rules announced Tuesday by Federal Finance Minister Jim Flaherty shouldn’t have a big impact on the local housing market, say several people who make their living in the industry.

Read more on Red Deer Advocate

 

Federal mortgage-modification plan helps only fraction of target
The new president climbed aboard Air Force One a year ago for a trip to Phoenix to reveal his strategy for attacking the housing crisis…

Read more on Seattle Times

Canada tightens mortgage lending rules
Canada is tightening mortgage lending rules as historic low rates are raising fears of a potential housing bubble, the country’s finance minister said Tuesday.

Read more on Seattle Times

Tightened mortgage rules could slow home sales
Finance Minister Jim Flaherty tightened mortgage rules on Tuesday and, in doing so, may have taken the steam out of a housing market that had seen prices and sales activity rise rapidly over the last year.

Read more on Ottawa Citizen

Canada tightens mortgage lending rules
Canada is tightening mortgage lending rules as historic low rates are raising fears of a potential housing bubble.

Read more on San Diego Union-Tribune

 

Finance minister cracks down on speculators, tightens mortgage rules
OTTAWA – Finance Minister Jim Flaherty is tightening mortgage rules to crack down on speculators and discourage homeowners from taking on too much debt.

Read more on The Canadian Press via Yahoo! Canada News

Mortgage trouble? Don’t walk away
MUNCIE — Homeowners facing foreclosure do have options.

Read more on The Star Press

Mortgage insurer PMI posts wider-than-expected Q4 loss
(Reuters) – Mortgage insurer PMI Group Inc reported a much wider-than-expected quarterly loss, as its U.S. unit continued to post disappointing results, sending its shares down 5 percent before the bell.

Read more on Reuters via Yahoo! Singapore News

Flaherty to toughen mortgage rules
Finance Minister Jim Flaherty will announce new rules Tuesday aimed at preventing homebuyers from getting into financial difficulty when mortgage rates rise, CBC News has confirmed.

Read more on CBC Montreal