Nicky Chambless's (nickyatuhmc) Blog

An Average credit cardholders outstanding balance is $4,400.00.  This is up 123% in only a decade, according to the Nilson Report.  Personal income rose 72 percent in the same decade period.  The government recently reported that personal savings have fallen to the lowest monthly level in history...

Existing home sales hit a five month height, according to data from the NAR, increasing 3.1% in July to 5 mill units from 4.85 million in June. New Home slaes rose 2.4% in July to an adjusted annual rate of 515,000 unites after falling to almost a two decade low, the Commerce Department said.  Th...

So many people today are talking about "letting their house go".  This means that they are deciding to or may have already stopped making their mortgage payments. They are resolved to the idea that their house is going to go into foreclosure.  Weather it be investment homes or primary residences...

  THESE ARE THE 10 CHEAPEST CARS TO INSURE 2008 Jeep Patriot 6. 2008 Jeep Compass 2008 Pontiac Vibe 7. 2008 Chevrolet Uplander 2008 Mazda 5 8. 2008 Pontiac Torrent 2008 Chrysler PT Cruiser 9. 2008 Jeep Wrangler 2008 Scion xB 10. 2008 Mazda Tribute

It's only August but winter isn't that far off and home heating bills could be 22% higher for natural gas users says the Energy Information Administration. Homeowners who use heating oil will pay about 31% more. The numbers may sound bad, but they're actually lower than the projections announced ...

Fannie Mae’s and Freddie Mac’s influence over the mortgage market is one of many reasons we should be happy when private competition returns. At this point, Fannie and Freddie are nickel-and-diming us to death to cover their mismanagement. Worse, they are strangling segments of the market that sh...

Economic Indicator Release Date and Time Consensus Estimate Analysis International Trade(June) Tues. Aug 12,8:30 am, et $60.5 Billion Moderately important. The deficit should begin to contract on falling oil prices. Mortgage Applications Wed. Aug 13,7:00 am, et None Important. Lower home prices ...

“Subprime was the tip of the iceberg,” said Thomas H. Atteberry, president of First Pacific Advisors, a investment firm in Los Angeles that trades mortgage securities. “Prime will be far bigger in its impact.” Last month, James Dimon, the chairman and chief executive of JPMorgan Chase, said he ex...

A SHORT SALE is when your Mortgage Lender agrees to discount your loan balance to an amount that your house appreciates for and/or an amount that you can more easily afford. These negotiations are done by the Lenders LOSS MITIGATION DEPARTMENT. Extenuating circumstances most heavily affect if the...

A short refinance allows a homeowner to refinance to a new affordable loan, at a loan amount less than the current loan balance owed. This would require the lender or lenders in some cases, to agree to refinance your loan to another loan to an amount less than the amount due on the defaulted or t...