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Did the Daily Mail accidentally uncover a money-laundering scam in the Biden family? No, we’re not talking about Hunter Biden’s fake “artwork.” This new theory hits much closer to Joe’s home—literally. It involves two of his homes in Delaware. Either Joe Biden is broke and needs a lot of cash, or he’s up to something mighty shady. The big question now is: why are the Bidens refinancing their Delaware homes so often? One of their houses was actually refinanced an astounding 15 times. Honestly, who needs to refinance their home 15 or more times? We wanted to find out the...

Joe Biden and First Lady Jill have been using their homes as an ATM, taking out multiple mortgages and refinancing their Delaware properties an astonishing 35 times, a DailyMail.com investigation has revealed. The president has lived in two houses in his home state since 1975, when he bought his first property in Wilmington that he later sold in the late 1990s. But records obtained by DailyMail.com show the couple have had a habit of negotiating a new mortgage or credit deal on both homes every 17 months. Over the decades the Bidens have borrowed a total of $6million on both...

It took the IRS just two days to start processing $1,400 stimulus checks after President Joe Biden signed his $1.9 trillion relief package into law. The third direct payments of the pandemic began to show up in bank accounts last weekend.As of Wednesday, millions of Americans had already received more money to take care of bills, pay down debt, save or invest.But if you keep refreshing your online banking and still aren't seeing the cash, what's happened? Here are seven potential reasons you haven't gotten your money yet.Advertisement1. The IRS is sending out the stimulus checks in 'batches'The IRS has...

Excerpt: "Despite having served as one of the most central figures in the global economy, even Ben Bernanke has difficulty refinancing his mortgage. "

The great Nick Timiraos at the Wall Street Journal has an interesting article on the Las Vegas housing market entitled “Foreclosure Squeeze Crimps Las Vegas Real-Estate Market.“ “The number of available homes has plunged here after a sweeping state law subjected lenders to stiff new foreclosure rules and penalties. With banks exercising caution, many homeowners—including those seriously delinquent on their loans—have been allowed to remain in place. As a result, there is little on the market at a time when first-time buyers and real-estate speculators are anxious to tap both cheap prices and low-interest mortgages.” So, The Fed puts in...

looking at Quicken Loans, local credit union or stay with my current lender. any suggestions or experiences ? I'm nervous about taking the plunge due to all the foreclosure scams from all the selling and reselling of mortgages. I'm with US Bank and they have not resold mine in the 8 years I've had it (to their credit I believe they declined TARP, too)

As I walked home recently from a weekend trip to the grocery store, I passed a total of 13 vacant offices with signs saying "for lease" or "for sale." These spaces ranged from approximately 500 to 5,000 square feet according to their signs, and they are stretched along a main, commercial street in the center of Tucson, AZ. There is also an eight-screen movie theater that sits empty as well. These empty commercial spaces ... are empty now, and have been for quite some time. I found it intriguing that both in the central portion of Tucson and also in...

Refinancing lifeline fails to reach most 'underwater' homeowners Federal plan misses about 97 percent of eligible borrowers By Renae Merle Saturday, October 24, 2009 A seven-month-old government program to help homeowners with little or no equity refinance their mortgages has so far reached fewer than 3 percent of those targeted, with many struggling borrowers deciding that the benefits of a new loan aren't worth the closing costs. This lackluster performance reflects the difficulty of helping the growing segment of "underwater" homeowners -- those who owe more than their home is worth. The program is a key component of the Obama...

Describing it as a developing story, Fox News Channel’s Bret Baier just reported that President Barack Obama was briefed today about “the next big financial shoe to drop” — commercial real estate. It dovetails perfectly with what I reported nine months ago in a post, Trendwatcher: ‘Crash of ‘09? Will Be Worst Ever", and portends of more radical financial shenanigans — bailouts, stimulus packages, etc. — coming out of Washington, D.C.

Homeowners taking part in the Obama administration's housing rescue program through Fannie Mae and Freddie Mac will now be eligible even if their loan-to-value ratio is up to 125 percent. That means they can have up to 25 percent negative equity and still get a refinance.The rule changes, part of the government's attempts to restore housing affordability and stem the foreclosure crisis, apply to loans backed up by Fannie Mae and Freddie Mac.Previously, homeowners could borrow up to 105 percent of their home's value. The new loan-to-value ratio is set up at 125 percent in a further effort to address...

Case 1: "They want to stay in the house; they've lived there for 15 years and, well, it's home. They're way underwater, owing about $510,000 on a property not worth much more than $350,000 right now..." Case 2: "She has been in the home for 23 years, but family health problems, divorce and economic factors have conspired against her and she's never been able to substantially pay down the loan."

Low Mortgage Rates to Spur New Wave of Defaults Posted on December 26th, 2008 Talk about unintended consequences. The following is significant insight from the street level. This is especially important for those of you thinking that these low mortgage rates will lead housing and the consumer to the Promised Land. /snip These days the process has changed a bit. Now the first thing done after the loan application is taken is to call the appraiser for a comparable sale check to see if the value at which the home owner states the house is worth is on target. Therein...

Another mortgage-refinancing boom is under way. But this time around, many homeowners will be watching from the sidelines. For the first time since 2005, mortgage rates have slipped well below 6%, ending last week at about 5.87%, according to mortgage tracker HSH Associates. Some lenders are offering even lower deals. At these levels, about 37% of homeowners could refinance their mortgages and save money on their monthly payment, estimates investment bank Bear Stearns Cos. As rates drop further -- and some expect that to happen if the economy continues to weaken -- increasing numbers of consumers will find refinancing their...

Subprime borrowers threatened with foreclosure because of big increases in their monthly payments won't find it easy to get relief from their lenders, even if the lenders are willing, a top banking regulator said Tuesday. Refinancing into a more affordable loan may be the best option for those who can, said Sheila Bair, chairman of the Federal Deposit Insurance Corp. "Borrowers should explore all financing options that might be available," she said. Those with adjustable-rate loans should ask about fixed-rate mortgages. Bair testified at a hearing of the House Financial Services Committee on subprime foreclosures. "We are on the precipice...

Hey guys-- I have need of advice for a pretty simple financial question: I have a regular mortgage for my house at 4.75%-- which is great, don't want to touch it. But I have a line of credit (I used to finish construction of a 2nd home) for $75K on an adjustable which is now at 8.15%. I am just nearing the 6 mo. point on this loan where I will not incur a penalty for early payoff and am considering refinancing this one into a fixed. Am I going to save money? What are the realistic rates for fixed...

A funny thing happened last week. Mortgage rates remained basically unchanged, inching up just 2 basis points to 5.81% from 5.79% a week earlier, according to the Mortgage Bankers Association of America. But demand for refinance loans and purchase loans dropped. Like a rock. This was not your garden-variety drop. It was a huge plunge: Applications for refi loans sank more than 22%. Applications for purchase loans crashed 19%. Refinance applications are now down MORE THAN 75% from their late-May peak while purchase applications are at their lowest level since April. What's going on? It's pretty obvious ... * The...

US Refinancing Boom Seen At End As Long Tsy Ylds Soar . By Julie Haviv Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Tuesday's sharp sell-off in Treasury securities affirmed what many economists and analysts had believed: The end is very much in sight for the longest, loftiest refinancing wave in history. What's more, the end may be coming sooner than some thought. Long-term mortgage rates are tied to shifts in Treasury securities, and when those yields rise, mortgage rates rise in sync. Long-end Treasurys sold off sharply after Federal Reserve Chairman Alan Greenspan, in testimony to the House Financial Services...