February @ 2009 @ Credit 911 NEWS | Rodney Says

Fox Business on Feb. 20

Posted on February 24th, 2009 rodneyanderson 5 comments

Rodney Live
5 responses to your post “Fox Business on Feb. 20”
1. VALERIE May 22nd, 2009 at 15:36
  
  Awesome! I have read a lot on this topic, but you definitely give it a good vibe. This is a great post. Will be back to read more!
2. Jennifer R. May 21st, 2009 at 09:38
  
  Hi! Thanks for the great information you havr provided! You have touched on crucuial points! I would just like to say to all my fellow Entrepreneurs…just remember that persistence is the key to success. As Winston Churchill once said: “Never, never, never give up!”
3. Jody April 23rd, 2009 at 14:58
  
  Hello. Great job. I did not expect this on a Sunday. This is a great story. Thanks!
4. Tom April 23rd, 2009 at 14:29
  
  thanks !! very helpful post!
5. Jasmine Sadry March 3rd, 2009 at 22:36
  
  We’ve all seen the headlines like “Dow Jones Below 7,000,” “U.S. Markets Will Struggle to Bounce Back,” and “The Subprime Market is Toast.”
  
  Since having the privilege and honor of working with Rodney Anderson on his radio show, I can tell you that now, more than EVER, it’s absolutely essential that you choose the right mortgage lender, especially in the midst of the financial meltdown and mortgage crisis that our nation is facing. I don’t have to tell any of you that the mortgage market is much like the stock market, in that it’s fluid, and rates change daily at the blink of an eye. You might as well consider today’s paper as yesterday’s news.
  
  There are lenders out there that have no business being in the mortgage industry. Don’t believe me? Take a look at lenders that advertise rates that don’t even exist, using internet ads or unsolicited emails. Unfortunately, in this predatory way of advertising, most people are chosen by their lenders instead of the other way around. YOU have the power to choose your lender and YOU have the power to not put pen to paper when it comes to signing faulty papers at closing.
  
  Experience…experience…experience!
  
  After embarking on some research of my own recently, I was alarmed to find just how many local lenders had little to NO experience, never MIND that they were also trying to function in the volatile market that we are in now that is challenging to even the most EXPERIENCED and SEASONED veterans in the business. Out of my list of lenders that I chose to research, most of them were in the mortgage industry for less than a year with one lender JUST getting started after switching occupations. His previous occupation? He ran a tire store.
  
  And now, here was this guy trying to hold his own in a fragile mortgage market and having the trust of uneducated clients to make their respective “American Dreams” come true.
  
  What I’m about to say may sound backwards, but it’s the wise thing to do when it comes to shopping for a house: Choose your lender first.
  
  That’s right; don’t choose the house before the lender. Actually, choose the LENDER before the house. You’ll save yourself useless hassles and stresses as you venture down the road of purchasing a home.
  
  A good, honest lender will guide you through the process and be readily available to answer ANY and ALL questions that you have. Not getting your phone calls returned in due time or emails responded to promptly? There’s red flag number one! Not asking extensive questions regarding your personal financial situation and thus trying to get you into a “one size fits all” type of loan? Count red flags two and three! Scarves, ties, and knit caps are “one size fits all”—NOT mortgage loans.
  
  And red flag number four? In fact, forget flag; we’ll just call it a red BANNER! A good, honest lender will NEVER ask you to do anything that you feel uncomfortable with, whether it’s legal or not. Period.
  
  Never forget that the mortgage lender that you ultimately choose should guide you through the entire mortgage process at your personal comfort level. Bottom line—they should be committed to taking care of your needs and get the most optimal mortgage to fit your respective situation.
  
  Like two people, no two lenders and no two mortgages are exactly the same.
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Fox Business on Feb. 18

Posted on February 24th, 2009 rodneyanderson 19 comments

Rodney Live
19 responses to your post “Fox Business on Feb. 18”
1. Barsh June 29th, 2009 at 05:19
  
  I Love the way you write…thanks for posting
2. Caskey June 28th, 2009 at 19:54
  
  I Love the way you write…thanks for posting
3. Rodman June 23rd, 2009 at 21:14
  
  I Love the way you write…thanks for posting
4. Schwarcz June 23rd, 2009 at 21:09
  
  Well said. I’m linking to this.
5. Bassford June 11th, 2009 at 10:02
  
  That was a great post…I love this site…Thanks
6. Naillon May 23rd, 2009 at 10:14
  
  This is an excellent article! I hope to check back for more
7. Seubert May 2nd, 2009 at 23:13
  
  Nice blog and thanks for the info!
8. Day May 2nd, 2009 at 05:53
  
  Nice post I am going to look around your site seems you have some great stuff and will be giving you a link back from my site.
9. Goings May 2nd, 2009 at 03:17
  
  Nice blog and thanks for the info!
10. Springstead April 30th, 2009 at 11:53
  
  Thx
11. Serge Senna April 27th, 2009 at 12:24
  
  I am going to have to sign up to receive your feed. This is good stuff
12. CrazyCat April 27th, 2009 at 09:48
  
  Really cool blog. I found it on yahoo. I am looking forward to read more posts.
13. webkataloge April 26th, 2009 at 10:12
  
  Since when do you have a blog?
14. Ghoston April 23rd, 2009 at 21:12
  
  Very useful, thanks a lot, i love reading well written informations, thanks again.
15. dhary April 22nd, 2009 at 00:27
  
  Please, can you PM me and tell me few more thinks about this, I am really fan of your blog…
16. Day Trader April 8th, 2009 at 20:03
  
  I like the info and will be linking back to you from my site. Also great looking site.
17. student loan deferment April 7th, 2009 at 07:29
  
  Thank you for your help!
18. Yonis April 6th, 2009 at 18:00
  
  There is obviously a lot to know about this. I think you made some good points in Features also.
19. James Goksina March 29th, 2009 at 23:04
  
  Very useful info..thanks for sharing! kisses
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Does the stimulus plan allow more people to purchase homes?

Posted on February 19th, 2009 rodneyanderson 27 comments

With the new Stimulus Plan set to begin action within the next few weeks, everyone is preparing to get off the fence with the expectation to get a low interest rate, low purchase price and high tax credit. With recent events in the housing industry though, approvals may be impossible to attain for some as nearly 22 million people have become ineligible to purchase using an FHA/VA loan.

FHA/VA loans are not technically rated based off of credit scores, but servicers can implement FICO score requirements in order to purchase loans on the secondary market. These requirements have changed within the last three months from 560 to 580 and last week from 580 to 620. With the United States’ 20+ population around 218 million people, this would make approximately 10% of the population ineligible for qualifying.

ARE GUIDELINES GOING TO CHANGE NOW THAT THE STIMULUS PLAN IS OUT?

Not likely, although the stimulus plan may appear to be hopeful now, foreclosures are still reaching new heights daily. Overall the nation has seen an increase of another 274,399 filings in January alone, adding another month to the 10 month streak of a quarter million filings. This, combined with mortgage applications, (which have increased 47.5% from last week) may potentially create additional backlog in response times from already swamped banks. It would tie up even more resources for the servicers if they brought the FICO requirements back down.

Ask Rodney
27 responses to your post “Does the stimulus plan allow more people to purchase homes?”
1. Haraye June 27th, 2009 at 23:16
  
  Hi, I love your work.
2. Pledger June 23rd, 2009 at 18:03
  
  Well said. I’m linking to this.
3. Cabotage June 20th, 2009 at 12:04
  
  I Love the way you write…thanks for posting
4. Huffstutler June 12th, 2009 at 09:45
  
  i loooovvveee your design!
5. Chute May 26th, 2009 at 05:52
  
  Hello
  Very Nice blog with good ideas !
  Very instructive…
  Thanks
  John
6. Hurlbut May 23rd, 2009 at 07:29
  
  This is an excellent article! I hope to check back for more
7. Kaitabasura May 20th, 2009 at 12:26
  
  Wow! Thank you! I always wanted to write in my site something like that. Can I take part of your post to my blog?
8. Eymoney Blog May 19th, 2009 at 16:56
  
  VRy interesting to read it
9. Puerta May 17th, 2009 at 03:45
  
  Thanks for posting such great info
10. Williams May 8th, 2009 at 15:35
  
  yea nice Work
11. Darren May 8th, 2009 at 02:27
  
  VRy interesting to read it
12. Gaber May 4th, 2009 at 09:48
  
  Thanks for the informative post!
13. JEREMY May 3rd, 2009 at 21:40
  
  Hey very nice blog!!
14. Hankins May 3rd, 2009 at 09:19
  
  Good info, thanks for the post!
15. Sheinbein May 2nd, 2009 at 20:04
  
  Nice blog and thanks for the info!
16. Deisher May 2nd, 2009 at 00:55
  
  Nice blog and thanks for the info!
17. Theresia April 29th, 2009 at 23:26
  
  Incredible website! Will come back soon..
18. Peter Reid April 28th, 2009 at 17:11
  
  Keep working ,great job!
19. Helt April 28th, 2009 at 08:32
  
  Thanks for this article, seems like you have found a solution Needless to say that I will subscribe to your RSS feeds now. Keep it up and thanks for sharing.
  
  Manuela
20. Shubert April 28th, 2009 at 08:18
  
  I agree with you 99% but wonder if you have really looked at the whole picture. DOn’t mean to be critical just food for thought.
21. Presnell April 26th, 2009 at 16:25
  
  A fantastic post! Interesting read. Going to follow this blog closely in the future. Looking forward to the next update!
  
  Regards
  
  Andre
22. Mains April 23rd, 2009 at 14:44
  
  Very useful, thanks a lot, i love reading well written information, thanks again. It’s fun to read blogs with my phone from my wonderful italian hotel.
23. James Goksina April 6th, 2009 at 15:04
  
  just stopped by.Gotta love msn, very fine stuff. Thank you…adios
24. Rodney Anderson March 20th, 2009 at 07:48
  
  Loretta,
  
  That is not true. In fact, seeing that the score requirements have raised from 560 to 620 over the last four months, I wouldn’t be surprised if they went to 640 (putting even more people out of the race).
25. loretta March 19th, 2009 at 19:50
  
  I heard that FHA score requirement was lowered back to 580 is that true.
26. Rodney Anderson March 9th, 2009 at 11:24
  
  Thank you for the comment PH! I don’t mind at all.
  
  Rodney
27. Political Humor March 8th, 2009 at 22:19
  
  I just wanted to leave a quick comment to thank you for your post! I really like your blog site!!! Would you mind terribly if I put up a backlink from my site at whiterabbitcult.com to your site? Keep up the great work!
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The Senate Giveth and the House Taketh Away

Posted on February 16th, 2009 rodneyanderson 5 comments

Great News: On February 5th, the Senate added an ammendment for home buyers to receive a tax credit$15,000 or 10% of the home’s sales price, whichever is less. This tax credit would be applicable for anyone purchasing a house during the one-year period once the enactment was signed. News of the tax credit rallied the Stock Market on February 6th with hopes that the housing market may see an upturn with the new tax credit combined with incredibly low interest rates.

Now the proposed $35 billion credit to support the housing market has been drastically reduced to under $3 billion.

Here are the new details to the 2009 Tax Credit:
- $8,000 or 10% of the home’s value - whichever is less
- No repayment necessary
- Available for any primary residence purchased between January 1, 2009 and November 30, 2009
- First time home buyers only (or if you have not owned a home w/in 3 years)
- Income restrictions: $75,000 for singles or $150,000 for couples
- Must live in the house for at least 3 years or you will be obligated to pay back the credit
- No additional forms or paperwork necessary, just fill out your regular tax returns. (If your 2008 taxes are already filed, you can file an ammended return)
Click here for the entire story

RAW NEWS NOW
5 responses to your post “The Senate Giveth and the House Taketh Away”
1. Prahmajankaya May 3rd, 2009 at 11:19
  
  amazing stuff thanx
2. Daily news April 21st, 2009 at 17:41
  
  I was looking for this. Thank you for spending your time to write this.
3. Robert February 16th, 2009 at 11:34
  
  Tommy - what is urgent about pressuring Congress to sign the bill “before an unprecedented recession” and then go on a three day vacation?
4. Tommy February 16th, 2009 at 11:32
  
  Robert-It’s people like you that are not helping the situation. At least Congress is attempting to revive our economy so we don’t suffer from what could be one of the largest recessions ever.
  
  We need people to take action just like they are….with urgency.
5. Robert February 16th, 2009 at 11:30
  
  I think the entire stimulus plan needs more scrutiny. I read that if you used 1 million dollars every day since Christ, you still wouldn’t be able to match the spending Congress is preparing to do to “save” our economy.
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Credit 911: Medical Relief Bill

Posted on February 15th, 2009 rodneyanderson 4 comments

A medical collection account can strike without warning. Perhaps a Doctor’s office or hospital failed to send a bill, or didn’t have a current address for you. Maybe there was a miscommunication with an insurance provider. Whatever the reason, these collections can wreak havoc on your credit. Many times, you may not even be aware they exist until it’s too late, and the damage has already been done to your FICO scores. I believe that millions of Americans are unfairly penalized as a result of these accounts, and that, within 30 days of having been paid off or settled, any derogatory item should be PERMANENTLY removed from an individual’s credit report. If you agree, and would like to be part of a monumental movement to make a change in the credit reporting system, click below to sign my petition. Join me in making a difference.

SIGN MY MEDICAL COLLECTION PETITION

Rodney Live
4 responses to your post “Credit 911: Medical Relief Bill”
1. Jessica W. June 6th, 2009 at 14:37
  
  Great site! I am loving it!! Will come back again - taking your feeds also, Thanks.
2. Elm May 4th, 2009 at 00:52
  
  This is a lot better than what I’ve been seeing elsewhere lately. If we had more like it around, I think we’d be better off.
3. comment April 7th, 2009 at 20:31
  
  beautiiful blog merciiiiii
4. Craigslist Verified Accounts March 18th, 2009 at 16:42
  
  I’m not big on commenting, but nice post.
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