Alternative Mortgage Funding
We have all had questions on Alternative Mortgage Funding before. Below are the top questions posed by visitors just like you to our. We hope our answers located below will help you solve your funding problems today. Feel free to ask another question, or even comment on what has been written.
There has been a lot of debate recently regarding Alternative Mortgage Funding, and it is therefore critical for you, the reader, to grab all of the information that is out there on the vast topic of funding. Your funding can have a huge impact on your future, so don’t procrastinate any longer. Read up on Alternative Mortgage Funding today!
Sidney Said:
Financing Terms?We Answered:
Try looking on LendingTree.com or http://etrade.com or //http://www.refinance-and-loans.com/ for a lot of information.Clara Said:
Bailout vote: Is this alternative superior in its fairness? ?We Answered:
It certainly sounds more reasonable than just chucking good money after bad, and into the pockets of people who already stuffed their nests from their failing companies.I like Dave Ramsey's better
.I. INSURANCE
a. Insure the subprime bonds/mortgages with an underlying FHA-type insurance. Government-insured and backed loans would have an instant market all over the world, creating immediate and needed liquidity.
b. In order for a company to accept the government-backed insurance, they must do two things:
1. Rewrite any mortgage that is more than three months delinquent to a 6% fixed-rate mortgage.
a. Roll all back payments with no late fees or legal costs into the balance. This brings homeowners current and allows them a chance to keep their homes.
b. Cancel all prepayment penalties to encourage refinancing or the sale of the property to pay off the bad loan. In the event of foreclosure or short sale, the borrower will not be held liable for any deficit balance. FHA does this now, and that encourages mortgage companies to go the extra mile while working with the borrower—again limiting foreclosures and ruined lives.
2. Cancel ALL golden parachutes of EXISTING and FUTURE CEOs and executive team members as long as the company holds these government-insured bonds/mortgages. This keeps underperforming executives from being paid when they don’t do their jobs.
c. This backstop will cost less than $50 billion—a small fraction of the current proposal.
II. MARK TO MARKET
a. Remove mark to market accounting rules for two years on only subprime Tier III bonds/mortgages. This keeps companies from being forced to artificially mark down bonds/mortgages below the value of the underlying mortgages and real estate.
b. This move creates patience in the market and has an immediate stabilizing effect on failing and ailing banks—and it costs the taxpayer nothing.
III. CAPITAL GAINS TAX
a. Remove the capital gains tax completely. Investors will flood the real estate and stock market in search of tax-free profits, creating tremendous—and immediate—liquidity in the markets. Again, this costs the taxpayer nothing.
b. This move will be seen as a lightning rod politically because many will say it is helping the rich. The truth is the rich will benefit, but it will be their money that stimulates the economy. This will enable all Americans to have more stable jobs and retirement investments that go up instead of down.
But this could be worse.
Wanda Said:
Suppose it turns out that they have to relocate after one year. Which is the preferred alternative after one yWe Answered:
hi check this link its goodhttp://insurancess.notlong.com
.
Jason Said:
A tricky situation with many funding options to pay for school. Please some advice :)?We Answered:
Dont take out your 401k. youll need that to retire on. Loan up and dont worry about it because as long as you get a job after you graduate you will pay them off just fine.Richard Said:
Can you help me understand Fannie Mae's role in the mortgage meltdown?We Answered:
fannie mae had nothing to do with the sub prime /wall street fiasco/mortgage meltdown.banks like bear sterns, citibank and AIG were not forced to make sub prime loans by anyone (Barney frank) or any law (CRA) or by Fannie mae
banks like bears sterns willingly made sub prime loans (foolishly) thinking those loans would lead to profits.
not all banks got into the sub prime lending practice.....which is why not all banks took the TARP bailout money...only the inept banks that got into sub prime lending, needed and took the TARP funds.
Jerry Said:
Alternative bailout plan, why didn't we do this?We Answered:
Because your idea would have prevented the people who caused much of the mess from profiting off it. It might be an affront to common sense that many are making money off the downward spiral. But that is how clever they are. And their man is the guy who arranged the bailout.Leah Said:
funding for property investment , other than mortgage ,any ideas??We Answered:
Depends upon how much you need. Use interest free credit cards. Look at remortgaging as an option if you are making sufficient profit out of the deal. Get a car loan from the bank. Join a property networking group & look for private finance but this is likely to be expensive. Join a property discussion forum such as singingpig.co.uk. Try capitalsolutions.co.uk (never tired them myself so this is not an endorsement!)