If you have an underwater mortgage, i.e you owe more on the mortgage than the home is worth, you can still refinance your underwater home. Some underwater homeowners with government-backed mortgages might be able to refinance through federal programs, such as the Home Affordable Refinance Program.
Lenders or Underwater Mortgages
The Home Affordable refinance program or HARP is US government backed program and it is only provided through government lenders.
- Fannie Mae
- Freddie Mac
Those looking to refinance through programs offered by Fannie Mae and Freddie Mac, the government buyers of home loans, will first need to find out who holds or services their mortgage so they can determine whether they qualify.
If your loan is owned by Fannie or Freddie, you may qualify for the Home Affordable Refinance Program, or HARP. Some 2.5 million to 3 million homeowners may be eligible to use HARP, according to government estimates — provided, among other things, that they have not been late on their payments more than once in the last 12 months.
Be carefull when trying to get underwater mortgage refinance
Apart from lenders such as Fannie and Freddie other banks have come up with underwater mortgages refinancing option. But be careful when dealing with them because they might take advantage of your situation to give you a bad deal.
written by Constantine Njeru
\\ tags: Banks, Fannie Mae, Freddie Mac, Harp, Home Loans, Lenders, Mortgage, Refinance Mortgages, underwater mortgages
First, it was Groupon IPO and now Livingsocial says, Me too! LivingSocial, the biggest competitor to Groupon in the social-coupon space, has picked three banks to lead its forthcoming IPO.
According to CNBC business, the company is aiming to raise around $1 billion in the IPO, valuing the company at about $10 billion to $15 billion.
Livingsocial IPO date.
Having picked its underwriters, Livingsocial is likely to file for an I.P.O. in the coming weeks. Livingsocial IPO date and IPO price will be known after the company files for the IPO with SEC.
written by Constantine Njeru
\\ tags: 1 Billion, Banks, Cnbc, Cnbc Business, Competitor, Forthcoming Ipo, Ipo Price, Lead, Nbsp, Sec, Underwriters
The highlight this week was Goldman Sach’s commodities recommendations report that advised clients it was time to close commodities trades it had previously recommended (a weighted basket of oil, copper, cotton, soybeans, and platinum, and individual bets on copper and platinum). Notably, the investment bank warned that, “at prices above $125 per barrel, owning oil now looks increasingly risky.
Goldman Sach’s Copper Forecast : Goldman Sach’s Platinum Forecast
The bank first recommended clients go long copper in October, with the trade returning 23 percent since then. In July 2009 the bank recommended the platinum trade, which has returned 36 percent in 21 months. Now the banks thinks this is the time to cash in.
In a more confusing analysis, Goldman said it still sees copper and platinum prices rising in the long-term, and said corrections could be used to establish new long positions.
Goldman Sach’s Gold Recommendation
Goldman Sach’s is recommending that clients remain long gold.
Data Source: CNBC Commodities news.
written by Constantine Njeru
\\ tags: 21 Months, Banks, Bets, Cnbc, Cnbc News, Commodities News, Copper, Data Source, Gold Data, Goldman Sach, Goldman Sachs, Highlight, Investment Bank, Platinum Prices, Recommended Clients, Soybeans, Trades
2011 may be the year tech IPOs take off, and the first Tech IPO off the gates will be Linkedin. New York Times is reporting;
Linkedin plans to go public this year and has hired banks to advise it on the process, people with direct knowledge of the matter said on Wednesday. From NYT
The actual date for Linkedin I.P.O. is not yet confirmed.
Linkedin currently boasts about 85 million registered users. The companys stock already trade in private exchanges, it has a valuation of about $2.2 billion.
Maybe Linkedin IPO will be the catalyst for, Zynga IPO, Groupon IPO and the mother of all IPOs, Facebook!
written by Constantine Njeru
\\ tags: Banks, Catalyst, Gates, Ipo, Ipos, Linkedin, New York Times, Nyt, Private Exchanges, Stock
I have always heard that football is big business. Alot of money is flowing into football clubs in terms of Television rights and sponsorship. Then I came across the following question:-
Q: How do you make a small fortune investing in football?
A: Start with a large fortune.
It would be a ridiculous idea to invest your money in football if you are looking to make a profit. The model is a failure as even success can’t guarantee profitability. Just look at the financial books of the so called successful football clubs, Liverpool, Manchester united, Real Madrid, Barcelona, & AC Milan. The profits are not there, players’ salary is ridiculous and cost of running the business is too high to be profitable. Even for clubs that report abook profit, deduct interest payments + annual loan payments and the club is money loser
People making Money In Football
The happiest people in football are the banks. They are making millions in interest payments. Another group making money is any Pay TV company that a significant monopoly on rights.
If you want a piece of football money maybe you should be looking into bank shares or Pay T.V. shares.
written by Constantine Njeru
\\ tags: Ac Milan, Alot Of Money, Amp Ac, Banks, Financial Books, Football Clubs, Interest Payments, Liverpool, Loan Payments, Manchester United, Money Loser, Monopoly, Pay Tv, Profitability, Profits, Real Madrid Barcelona, Ridiculous Idea, Salary, Small Fortune, Sponsorship, Television Rights, Tv Company
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