All Posts Tagged With: "payments"
American Chopper’s Paul Sr. To Join Trump’s Celebrity Apprentice
American Chopper’s Paul Teutul, Sr. will join the 2012 cast of Donald Trump’s Celebrity Apprentice, according to an announcement from NBC Entertainment. This, as the expression goes, should be interesting. Teutul is likely to be a strong competitor because — whether a fan or not — he’s an actual, real-life entrepreneur, someone who started with [...]
9Jan2012 | Peter G. Miller | 1 comment | Continued
American Chopper Vs. Jesse James: Who Really Wins?
The stage is set for the most-publicized motorcycle build-off in recent memory. The two-night battle to be shown live from the Hard Rock Cafe in Las Vegas will feature three well-televised bike builders, Paul Teutul Sr. with Orange County Chopper, Paul Teutul, Jr. from PJD designs and Jessie James, the once-host of Discovery’s Monster Garage [...]
28Nov2011 | Peter G. Miller | 19 comments | Continued
American Chopper — Foreclosure Vs. No Foreclosure
So which is it: Was the Orange County Chopper world headquarters foreclosed or not? The answer as derived from the American Chopper TV show and public information is very simple: Both. Let’s start with foreclosure. It’s plain that a foreclosure action was initiated by the lender, the GE Commercial Finance Business Property Corp. The matter [...]
7Nov2011 | Peter G. Miller | Comments Off | Continued
Can Bi-Weekly Loans Stop Mortgage Foreclosures?
If you have a bi-weekly mortgage will your payments be more in line with your paycheck, thus lowering your costs and reducing the chance for foreclosure? Imagine that a household has two wage-earners who take in $100,000 per year. Lenders allow them to finance with monthly payments equal to 31 percent of their income or [...]
28Mar2011 | Peter G. Miller | 0 comments | Continued
22,000 mortgage foreclosure modifications resulted in higher payments
New testimony on Capitol Hill shows that nearly 22.000 homeowners facing foreclosure wound up with larger monthly bills after getting a loan modification. All national banks and their operating subsidiaries — including their mortgage servicing operations — are regulated by the Office of the Comptroller of the Currency, a part of the Treasury Department. According [...]
3Dec2010 | Peter G. Miller | 0 comments | Continued
What Paperwork Do You Need To Get A Mortgage?
One of the biggest problems with the government’s Making Home Affordable loan modification program is that a large number of borrowers are making their payments but do not provide required paperwork — and thus are unable to permanently refinance their mortgage with a new and lower rate. Because they did not provide required paperwork these [...]
1Feb2010 | Peter G. Miller | 0 comments | Continued
The Untold Story Behind Fannie Mae & Freddie Mac
The government is out with new foreclosure prevention numbers from Fannie Mae and Freddie Mac. According to the Federal Housing Finance Agency (FHFA), the headline is that “FANNIE MAE AND FREDDIE MAC LOAN MODIFICATIONS UP BY MORE THAN 50 PERCENT IN FIRST QUARTER, MONTHLY PAYMENTS REDUCED FOR HOMEOWNERS.” We then learn that “Fannie Mae and [...]
24Jun2009 | Peter G. Miller | 1 comment | Continued
The Case Against Too Many Options
The latest mortgages to catch the attention of both the media and federal regulators are “option” loans, a form of financing which is likely to end badly for lots of borrowers. More than a decade ago a few California lenders came up with a clever idea for borrowers with good credit and a solid payment [...]
19Sep2008 | Peter G. Miller | 0 comments | Continued
Is A Bi-Weekly Mortgage Good For Me?
Question: My lender has sent a letter offering to create a bi-weekly mortgage program. They would take payments directly from my checking account and as a result my loan would have $24,000 in additional equity after 10 years. If I hold onto the loan until it’s paid off I would save $70,000. This sounds pretty [...]
2Sep2008 | Peter G. Miller | 0 comments | Continued
Can Mortgage Lenders Ignore My Monthly Auto Costs?
Question: Is there any way that auto payments will not reduce my ability to qualify for a loan? Answer: Yes. You MUST tell lenders about all outstanding debt and payments. In the case of an auto loan or other installment debt, some loan programs will not count the debt against qualifying ratios if there are [...]
31Aug2008 | Peter G. Miller | 0 comments | Continued
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