A clear look at how to capture investment profits during difficult financial times
The U.S. economy has become crippled by the credit and real estate catastrophe. Even though we've all been affected by the calamity and have heard no shortage of news about it, it still seems unfathomable and utterly incomprehensible to most people that the actions of certain mortgage brokers, bankers, ratings agencies, and investment banks could break the economic engine of the world.
Now, for the first time, and in terms everyone can grasp, noted analysts and value investing experts Whitney Tilson and Glenn Tongue explain not only how it happened, but shows that the tsunami of credit problems isn't over. The second wave has yet to come. But if you know catastrophe is looming, you can sidestep the train wreck-and even profit. You just need to understand how bad times present opportunity and where to look. More Mortgage Meltdown can help you achieve this goal. The book
Breaks down the complex mortgage products and rocket-science securities Wall Street created
Addresses how to find investment opportunities within the rubble and position your portfolio to take advantage of the crisis
Explains exactly how the combination of aggressive lending, government missteps, and Wall Street trading practices created the perfect economic storm
Shows you why the crisis is not yet over and what we can expect going forward
More Mortgage Meltdown can help you understand the events that have unfolded, and put you in a better position to profit from the opportunities that arise during these tough financial times.
About this product: For many of us, the single biggest financial transaction is buying a house. Even more significant than the hefty down payment we fork over is the 15- to 30-year mortgage that needs feeding every month. If you have this much at stake, a little knowledge can go a long way, which is where Eric Tyson and Ray Brown come in. In Mortgages for Dummies, Tyson and Brown (who also wrote Home Buying for Dummies and House Selling for Dummies) provide a comprehensive introduction for anyone who is contemplating a mortgage. The book tells you how to evaluate your creditworthiness, determine your borrowing power, and shop for a lender, as well as covering the various types of loans. The authors also devote a section to refinancing and discuss what you should consider when prepaying a loan. They include amortization and remaining-balance tables, and a useful glossary. Whether you're a first-time home buyer or are just looking to refinance, you'll find this a valuable, easy-to-use guide. --Harry C. Edwards
About this product: Carolyn Warren better get a bodyguard. Her new tell-all on the mortgage industry exposes so many of the lending industry's favorite frauds, every loan officer from Seattle to Miami is going to be gunning for her! Mortgage Rip-Offs and Money Savers is like a map that guides you around the carefully camouflaged landmines laid by lenders. And it gives you simple, step-by-step directions for saving tens of thousands of dollars. If you're looking for ways to save a king's ransom on your mortgage and monthly payments, you simply must read this book. -- Clayton Makepeace, founder and president, The Profit Center
Topics include: * Why calling around for the best interest rate is a BAD idea (and what to do instead). * How to force lenders to disclose their hidden fees. * The Dirty Dozen: Junk fees You should not pay. * How to get the lowest possible rate. * Uncover the best-kept secret of the mortgage industry. * Avoid the five most common unpleasant closing surprises. * Turning a denied loan into an approved loan. * and much more.
The definitive MBS guide, with fully updated material on the latest mortgage-backed products, methods, models, and portfolio strategies
By providing hands-on information vital to market participants, previous editions of The Handbook of Mortgage-Backed Securities were instrumental in fueling the growth of the mortgage-backed securities market. The sixth edition contains all the elements that made previous editions so successful and influential, and provides you with more than 25 new chapters on topics including collateralized mortgage obligations, prepayment derivatives, loan level determinants of repayments, new approaches to MBS valuation, and a survey of non-U.S. mortgage rates.
About this product: With mortgage stories dominating the front-page news, people--whether they're buying a new house or refinancing--increasingly have questions about the complicated issues at stake. Arranged in an easily accessible question-and-answer format, Mortgages 101 provides readers with essential lending formulas, as well as important information on lending requirements and application procedures. The book shows readers how to save money by:
understanding key terms like ARMs and hybrids--and reading what's in the fine print * improving their credit scores to increase their borrowing power * using technology to get the lowest interest rates * maximizing their return on investment, and cutting the cost of mortgage insurance This revised edition includes up-to-date material on new loan and government programs, changes to the law regarding tax deductions, down payment assistance, reverse mortgages, bankruptcy, negative amortization and more--in short, all the answers readers need, in one must-have reference.
A one-stop reference for in-depth explanations of mortgage topics
With the creation of so many new, complex mortgage programs, it's difficult for consumers --not to mention real estate agents, attorneys, closing agents, and mortgage brokers--to keep track of them all. Written by nationally syndicated real estate columnist Jack Guttentag, The Mortgage Encyclopedia helps readers understand the various mortgage terms, features, and options by offering clear, precise explanations. The alphabetical organization of terms makes it easy to quickly find information on any topic, from FHA, Investor, and No-PMI Loans to Origination Fee and Rate Float. Each entry includes not just a description of the term, but also relevant advice for consumers, such as answers to the questions "Is this loan right for me?" and "Can I negotiate this fee?"
Guides readers through the bewildering array of new mortgage programs
Features definitions and explanations of common mortgage, escrow, and closing fees and arcane mortgage terminology
About this product: This book is very good and very informative. For anyone in the mortgage business its a great text. However the title would seem to imply its more about marketing. Its really more about understanding the technical aspects of the mortgage business. They type of loans, how they work, how credit works etc. If you are looking for a great text to explain the details of the work then this is it. However dont let the title fool you. You will not find a book full of marketing strategy and techniques.
About this product: Mortgage banking is one of the fastest growing industries in the country. In the next few years, home purchases are expected to run into the trillions, creating more opportunity than ever for people seeking a career in this profitable industry. Real estate author, columnist, and veteran mortgage banker. David Reed offers practical advice on licensing and educational requirements, as well as valuable guidance on the different career options available as a mortgage broker, mortgage banker, correspondent mortgage banker, and more. Aspiring mortgage brokers will also discover how to:
* Quote interest rates
* Get approved by wholesale lenders
* Negotiate the steps of the loan process
* Market and prospect successfully
Detailed and informative, Your Successful Career as a Mortgage Broker is an invaluable tool for creating a brilliant career in an ever-changing, ever-growing field.
About this product: "Carolyn Warren is my go-to expert for mortgage industry information. She not only helps you avoid rip-offs, she helps you know what questions to ask and how to ask them. Full of tips, scripts, and sample letters, Homebuyers Beware is an extremely valuable book that I recommend to all my readers!" --Alison Rogers, "Ask the Agent" columnist, CBS Moneywatch.com "In this fun-to-read volume, mortgage industry insider Carolyn Warren tells you what real estate cheats and mortgage scammers do NOT want you to know: the tricks, the deceptions, and the outright frauds that would otherwise add thousands, maybe tens of thousands of dollars to your mortgage. Get it. Read it. And take it to the mortgage broker with you. You'll be glad you did!" --Clayton Makepeace, The Total Package, Makepeacetotalpackage.com "In Homebuyers Beware, Carolyn Warren directs her keen eye at the mortgage and credit markets in the wake of the housing bubble. With an insider's knowledge, plenty of interesting anecdotes, and helpful reference information, Warren is a cheerful teacher leading readers down the path to homeownership and pointing out pitfalls along the way." --Ben Meyer, InternetBrands.com Get the Best Mortgage Deal in Today's Real Estate Markets--and Avoid a Whole New Generation of Scams! *Exposes new secrets, lies, and scams the mortgage industry doesn't want you to know about*Reveals how to save thousands right now by finding the best rate and negotiating the best deal*Guides you step-by-step through improving your credit and preparing to buy, even if you've faced foreclosure Everything you thought you knew about financing a house has changed. Your future depends on knowing today's mortgage and credit realities: Relying on older information could cost you a fortune or keep you from buying a house altogether. In Homebuyers Beware, Carolyn Warren reveals the new realities of home financing and shows exactly how to take advantage of them, whether you're buying your first home, refinancing, struggling with imperfect credit, or planning to invest in real estate. Homebuyers Beware reveals new secrets homebuyers simply can't afford to miss and exposes new scams that target today's eager consumers--including new loans that look great on paper but are every bit as dangerous as yesterday's subprimes. Unlike other mortgage guides, this book fully reflects today's radically new mortgage requirements, in addition to the latest federal housing legislation and how to improve your credit rating. From its up-to-the-minute guidance on real estate negotiation to its powerful tips on getting lower interest rates and avoiding bogus junk fees, this may be the most valuable book you ever read! *Who's ripping you off now High-tech "smoke and mirrors" that can trick you into overpaying*Quick, easy, powerful ways to fix your credit Innovative ways to raise your credit score or recover from a foreclosure or short sale*Uncovering the costly secrets of the Yield Spread Premium Get past your banker's lies, learn the truth, and save a fortune*The latest laws and credit rules and what they mean to you So-called anti-predatory laws and codes of conduct actually hurt homebuyers. Learn what you can do to protect yourself from big corporation greed.*New plans for recovering from bad credit, foreclosures, or short sales Step-by-step techniques that erase bad credit and raise your credit score faster than you ever thought possible. Learn how to recover from a foreclosure
About this product: In recent years, stock market investing has been proven unstable and not very rewarding. In fact, many people have seen their retirement and personal holding accounts dwindle. This new book provides an alternate to investors. It provides detailed information on how to put money to work in a relatively safe private mortgage investment with a high return of 12 to 15 percent (or more) in most cases. Private mortgages have grown into a multi-billion-dollar industry. This market allows investors to earn substantially higher yields—while offering the security of real property to back the loan. Private mortgages have become an important fixed income vehicle for many investors with their personal funds, equity, and self-directed IRA accounts. Private mortgage investing isn’t for the get-rich-quick type of person. However, you can comfortably double your money every 4 to 6 years. For example, should you invest in your self-directed IRA and re-invest as notes pay off? $100,000 at 12 percent grows to over $200,000 in six years, to $500,000 in 13 years and to over $1 million in 19 years. Private mortgage loans are backed by real property. Generally, you would not lend more than 55 percent on the value of the property, thus the investment is again relatively safe. Instead of concentrating on the borrower’s credit history, private mortgage lenders concentrate their investment decisions on the real property itself. However, like any business or investment, there are a lot of details to learn, and you do not need to learn them on your own. Learning them on your own can be costly. In this economic environment of very low interest rates, you can still earn high yields with virtually little or no risk to your investment.
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