If you have a credit score below a 580 it might be extremely hard to get a FHA loan in this current lending market. But there are other options when it comes to getting government loan. Even though FHA will insure loans below a 580 credit score the secondary market that buys and sells mortgage paper has set the stage as to what will be bought and sold in this market.When loans are bought and sold in the secondary market, investors watch a particular borrower’s performance. If they notice a particular borrower is not performing well on the secondary market they pull the plug on financing that type of risky borrower. So it’s essentially like watching your own stock portfolios performance. If that particular portfolio of yours is not dong well you stop investing your money in that stock. Mortgage loans work the same way.Over the last 6 to 7 years FHA loans were being written for all types of borrowers including borrowers below a 580 credit score. Until now there was never a credit score requirement for FHA loans. Most banks are requiring a middle credit score of 580. There are exceptions to this rule. Some banks will allow […]
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Credit card fraud has increased significantly in recent years, according to law enforcement officials and consumer protection organizations like the Public Interest Research Group and Privacy Rights Clearinghouse. More consumers own credit cards now than in the past, and criminals are constantly looking for new ways to tap into accounts. All of this means cardholders need to protect their credit cards now more than ever before.Perhaps the most obvious form of credit card fraud takes place in the form of theft. Even if you don’t lose your card or have it stolen, however, your credit card account could still be in danger. It is not uncommon for criminals to steal your credit card identity - details such as the number on the card and the expiration date. A stolen account number is the first step in a series of credit card fraud incidents. Unfortunately, cardholders may not be aware of the theft until the unauthorized activity starts showing up on the bills.Identity TheftIdentity theft occurs when your personal information is gathered without your authorization and used for criminal purposes. It occurs when someone steals information that identifies who you are, such as your name, address, date of birth, or social […]
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Jews are at war. Spies are at work. Conspiratorial plots abound. Government agencies are storming the gates. Casualties are expected. A battle of epic proportion not seen since Joshua blew down the Jericho walls. It is not taking place on the disputed Gaza Strip but in the small rural town of Postville Iowa. Postville is the location of the Agriprocessors kosher meat packing plant. It has become the site of of a battle between the owners of the plant and some very strange bedfellows over allegations of misconduct including violation of child labor laws, providing false residency documents to illegal alien employees, slush funds for illegal employees, inhumane slaughtering of animals and even allegations that the plant has been used as a “meth lab”. The plant has been infiltrated by PETA spies, overrun by invading hoards of Immigration and Customs Enforcement(ICE) agents, under occupation by “roving Somali insurgents” and is allegedly under scrutiny by the DEA. A battle scenario worthy of a Tom Hanks lead.In May, 2008 Immigration and Customs Enforcement agents(ICE) raided the Agriprocessors(AG) packing plant arresting 398 illegal aliens. It was the largest such raid in […]
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