ELOAN INFO...mortgage,refinance,loan,line of credit,review,complaint...news,articles...

News : IT innovation amidst a housing meltdown

2008-07-06T03:42:00.001-07:00

June 25th, 2008

Jay Shah, CIO of internet financial services provider E-Loan, talks to CNET News.com’s Dan Farber about surviving a housing downturn by creating new compliant and certified mortgage products for its customers. He also discusses how the company is able to shorten the typical software cycle and develop financial solutions more quickly using Web 2.0 collaboration tools.

News : Securing data at E-Loan

2008-07-06T03:40:00.000-07:00

June 24th, 2008

Jay Shah, CIO of E-Loan describes the company’s security and privacy model which gives more choice to customers about how information is shared with third party vendors.

Link to a forum : e-Loan, LendingTree: opinions?

2008-04-02T04:21:00.001-07:00

Posted by: Seacrest (IP Logged)
Date: March 07, 2007 12:49PM
8 posts

Opening post of this forum :

"I'm thinking of putting myself in hock* for the rest of my life.
Wanted to know what your experiences were with either of these companies, if any.
Also, if you considered using them, but went with a broker instead, I'd like to know why.

Thanks.

*Mortgage, first-time homebuyer."

see this forum at : http://forums.macresource.com/read/1/261096

Article : Home Equity Line of Credit, Student Loan Consolidation, and Loan Money and Eloan

2008-04-02T03:51:00.000-07:00

Home Equity Line of Credit, Student Loan Consolidation, and loan money and Eloan for your new life. Most people have their house and mortgage when they get married but some couples need to shop for a mortgage. Home Equity Line of Credit, Student Loan Consolidation, loan money, and eloan to help you with all your money concerns.

When you shop for the right Home Equity Line of Credit, Student Loan Consolidation, and Eloan for your house, you will need to be aware of the different ways of locking into your mortgage(mortgage calculator) . Finding the right rate for your mortgage can be a tedious business, but you can make this easy by doing your homework. Check all your banks and credit unions for your mortgage rates. (mortgage calculator)

Your mortgage shopping can make a big difference over 25 years. Your Home Equity Line of Credit, Student Loan Consolidation, loan money, home equity line of credit and Eloan can make your financial life better over the years to come. Your marriage will benefit if you both work at getting the low mortgage rate.(mortgage calculator) Have a profitable and fun shopping for your mortgage.

Home equity lines of credit Need to borrow money? home equity lines of credit can be a great source.

Chase Credit Cards application only takes a few minutes to fill out and you can be carrying the top choice credit card within the market.

Visa will always have their share of the market place you should apply for your Visa today

American Express Card Your Application for your new American Express card can be filled out right here

Mastercard In the beginning of plastic money Mastercard was a very small part of the shopping world. Now you can not live without one.

Student Credit Card have a low interest rate and the credit card companies give the student a low interest student credit card online

Discover Credit Cards has more for you and your family. Travel with this card and gone with every purchase.

Capital One Credit Cards make your first credit card a Capital One Credit Card

Christian Debt Consolidation Bringing your debt together will be easier for you and you can SAVE BIG $ $ $ $

Car and Truck loans for all Need a new Car or Truck. You are just a click away.

--------------------------------------

source : http://ezinearticles.com/?Home-Equity-Line-of-Credit,-Student
-Loan-Consolidation,-and-Loan-Money-and-Eloan&id=108664

News : E-LOAN to Offer FHA Loans to Help Millions of Consumers in Tightening Credit Market

2008-04-02T03:44:00.000-07:00

Posted by roboblogger on Thursday Mar 27

LOAN , a nationwide financial services company and privacy advocate, today announced that it will offer federally insured Federal Housing Administration loans to consumers as part of a response to the ...

read all...

News : Q Prosper.com's Founder Explains Peer-to-Peer Lending

2008-04-02T03:39:00.000-07:00

Posted by roboblogger on Wednesday Mar 12 | via StartupJournal

The idea of democratizing finance -- bringing capitalism to the masses -- inspired Chris Larsen, the former co-founder and chief executive of E-Loan, to found Prosper.com , along with John Witchel, another ...

read all...

Mortgage News

2008-03-02T16:05:00.001-08:00

Feb 29, 2008

How to choose the right mortgage refinance loan

According to the Mortgage Bankers Association of America, Americans refinance their home mortgage loans every four years. But how do Americans know it is time to refinance? How do they know which refinance loan to choose? Read more >>

Feb 27, 2008

Adjustable rate mortgages (ARMs) gain popularity

Quicken Loans Chief Economist Bob Walters says with long-term rates starting to rise, the industry is seeing a resurgence of consumer interest in adjustable rate mortgages (ARMs). Read more >>

Feb 27, 2008

Existing home sales and home prices drop

The National Association of Realtors (NAR) announced today that existing home sales decreased 0.4% in January, when compared to the previous month's sales. Read more >>

Mortgage Application Volume Plummets Wednesday February 20, 7:11 am ET
Yahoo Finance WASHINGTON (AP)

Ahead of the Bell: Mortgage Applications
February 13, 2008 6:28 AM ET MSN Money WASHINGTON (AP)

Mortgage Refinancing Forum : Can I lower the interest rate on my mortgage without refinancing?

2008-02-09T12:49:00.000-08:00

02.08.2008 (12 posts)
First post of this forum :

"I am considering refinancing, but I am not really too sure yet. Is there any way that I could call my current lender and just negotiate a lower interest rate with them? This way I could possibly avoid all of the closing costs, etc that are associated with refinancing. Has anyone had any luck with this?"

see this forum at : http://answers.yahoo.com/question/index?qid=20080208111113AAr966X

Mortgage Refinancing Articles

2008-02-09T12:38:00.000-08:00

Interest-rate dip fires up mortgage refinancing Friday, January 11, 2008

Teresa Dixon Murray

Plain Dealer Reporter

Mortgage Refinancing Forum : Mortgage Refinancing Question

2008-02-09T12:28:00.000-08:00

01-10-2008
First post of this forum :

"So I bought a new house (8/31/2007) and I secured a 30 year fixed mortgage at 6.375%. With the rates going below 6%, should I
start looking into refinancing? How many points difference should there be to make it 'worth it'?

Thanks,
Matt"

see this forum at : http://www.city-data.com/forum/mortgages/230191-mortgage-refinancing-question.html

NEWS about : Eloan | Mortgage Refinance | Home Equity Loans | Lines Of Credit

2008-02-09T11:15:00.000-08:00

U.S. mortgage rates fall slightly By Amy Hoak, MarketWatch Last Update: 10:47 AM ET Feb 7, 2008

Refinancing A Mortgage? Move Fast Forbes.com - Jan. 31, 2008, 3:33 AM

Popular Loses $297M in 4Q Forbes.com - Jan. 24, 2008, 8:50 AM

Puerto Rico's Popular posts loss Reuters - Jan. 24, 2008, 5:28 AM

Popular, parent of Banco Popular, posts loss Reuters - Jan. 24, 2008, 4:34 AM

Popular Inc's senior debt cut to 'A3' with negative outlook - Moody's Forbes.com - Dec. 23, 2007, 9:46 PM

Link to a forum : E-Loan

2008-01-06T06:23:00.000-08:00

Mar 5, 2006 (9 posts)

First comment from this forum :
"I am in the process of buying a home which will be finished in 3 months. Has anyone used E-Loan for the Home loan? Any positive or negative feedback would be appreciated.

Thanks

Rick"

see this forum at : http://ths.gardenweb.com/forums/load/finance/msg031718376956.html

Link to a forum : E-LOAN Shuts Down Affiliate Program

2008-01-06T06:16:00.000-08:00

11-26-2007

First comment from this forum :

"Cyber Monday is probably a really good day for affiliates in general, but E-LOAN affiliates just got some bad news. Did they cut commission right before the Holidays like some scrooge merchants did? Nope. The mortgage crunch must have hit them hard. They are closing down their affiliate program and links will expire on Dec. 14th.

Dave from Freezing Hot just alerted me to the issue. Here's one paragraph from the email they sent affiliates.

"In order to stay ahead of the current mortgage cycle and enable E-LOAN to maintain its leadership position in the industry, E-LOAN will begin scaling back some operations/programs to reduce its cost structure and unfortunately removing our affiliate program is one of them."

Read the rest:Bad Move of the Day: E-loan Cancels Affiliate Program"

see this forum at : http://affiliate-marketing-forums.5staraffiliateprograms.com/general-topics-affiliate-forum/8426-e-loan-shuts-down-affiliate-program.html

Link to a forum : Get 5.25% APY with online savings account @ eLoan.com with 5k or more!

2007-12-20T10:06:00.000-08:00

First comment from this forum :

09-26-2006 (101 posts)
"Get 5.25% APY with a $5,000 balance or more.
I believe this is the best rate out there right now--and for those that don't mind moving their money between these online savings banks, a pretty slick deal.

THIS IS BETTER THAN ING, EMIGRANT, CITI, ETC.

Also some pretty slick CD rates up to 5.5% for those inclined to lock up their money. ..."

see this forum at : http://forums.slickdeals.net/showthread.php?s=8ef4eaa287e5e862e008b99b21337481&t=336102

Link to a forum : E-Loan

2007-12-13T16:45:00.000-08:00

First comment from this forum :

01-05-2006 (7 posts)
"Is e-loan even a bank?

Is the acct with e-loan or are they offering a rate from some other bank? "

see this forum at : http://www.bestcashcow.com/forum/showthread.php?t=76

Link to a forum : eloan.com

2007-12-13T16:41:00.000-08:00

First comment from this forum :

Sep 16th, 2003 (9 posts)
"Just an FYI... if you go with eloan, which I think I will. Call and ask for a better rate, they will tell you they don't counter offer etc. I was told no. Then I got an e-mail back 5 mins later telling me my new interest rate is now over 2 points lower BTW Capital One's peoplefirst.com gave me a rate that was laughable, so high I think they must have been smoking something and yes my credit is good "

see this forum at : http://www.mini2.com/forum/finance-insurance/40587-eloan-com.html

Link to a forum : E-LOAN 5% APY savings

2007-12-03T03:57:00.000-08:00

First comment from this forum :

"Quick Tags
eloan loan savings APY e-loan high yield

Quick Summary

$5,000 initial deposit

Minimum Balance
Quoting directly from their T&Cs:
"You will be expected to maintain a balance of at least $500.00 in your Savings Account. If your balance is less than $500.00 for ninety (90) calendar days or more during any 12-month period, your Account may be closed."

"For security purposes, we will not allow any withdrawals from your E-LOAN account to be made by an outside institution."
* This includes pulls initiated from your linked account. All transfers must be made through E-LOAN.

Interest Rates (APY)
09/26/06 - 5.25% (< $5,000 balance), 5.50% (>= $5,000 balance)
09/28/06 - 5.50% on any balance ($5k initial deposit still holds)
12/06/06 - 5.38% on any balance
01/16/07 - 5.25% on any balance
09/20/07 - 5.00% on any balance
10/02/07 - 4.75%

Hard Inquiry?
No hard inquiry after new account opening

Withdraw limits
Savings account withdrawals are limited to six per calendar month. However, you are free to make unlimited deposits into your online account from your linked account.

ACH Speed
Money credited to the account the same day it's debited from the external account for the initial account opening deposit.

Deposits by ACH?
Although you can only withdraw money via the linked account, you can make deposits into ELOAN via ACH through a non-linked account.
The routing number is 111925359. You will notice when you login to your ELOAN account, that the first 6 digits of your account number are hidden with X's.
You can find your full account number by going to "View Statements" - you should see your account number under the column labeled "Account Number"

Yodlee Users
Yes, E-LOAN is available on Yodlee (v. 6?), but not through BoA (v. 5?)

Quicken / MS Money Transaction Downloading
No (they say it's a "long term goal").

Terms and Conditions
Click here for the complete terms and conditions of this account.

Statements and Interest
Statements are issued at the end of any month in which there is account actitivity. If there is no activity other than interest, statements are issued quarterly. Interest is credited on the monthly anniversary of your account opening. For example, if you opened the account on the 14th, interest will be credited on the 14th of every month. The interest date and the statement date are not the same. So, your first statement may not show any interest having been credited (because it was issued before the first interest payment date).

HELP!!! My deposit shows up as a debit!!!
In the Account History section, all transactions -- both deposits and withdrawals -- show up as a debit at first with a balance of 0.00. One or two business days later, it changes to a credit (if applicable) and the correct balance shows up. We don't know why, it just happens.

HELP!!! They are withholding part of my interest payment.
On your account application, you probably checked the box that said "I am subject to backup withholding." If so, taxes will be withheld from your interest payments. The bank will issue a Form 1099-INT at the beginning of next year showing the withholding. You may claim a credit for the amount withheld when you file your federal Form 1040.

HELP!!! It says my account balance is $0.00
In the Transaction History portion of your Account Details page, when a new transaction is entered, the Balance column next to the new transaction always says $0.00. Don't panic. The 0.00 will be replaced by your actual account balance in one or two business days. The Account Balance at the top of the page and on the summary page should be correct. "

see this forum at : http://www.fatwallet.com/forums/messageview.php?catid=52&threadid=656378

Below are the most searched keywords,about 'eloan',in the internet (datas of 2007)

2007-11-25T13:02:00.000-08:00

Search

Word

24343

eloan

1853

eloan com

1792

eloan mortgage

442

auto eloan

115

eloan complaint

source : http://www.zirve100.net/incele.php

Link to a forum : Get 5.25% APY with online savings account @ eLoan.com with 5k or more!

2007-11-17T14:17:00.000-08:00

First comment from this forum :

"Get 5.25% APY with a $5,000 balance or more.
I believe this is the best rate out there right now--and for those that don't mind moving their money between these online savings banks, a pretty slick deal.

THIS IS BETTER THAN ING, EMIGRANT, CITI, ETC.

Also some pretty slick CD rates up to 5.5% for those inclined to lock up their money.

This is, of course, FDIC insured. Part of Popular, Inc.

http://www.eloan.com/?sid=oysSfZx...er=&mcode=

all rates:

https://www.eloan.com/savingsrate...er=&mcode=

see this forum at : http://forums.slickdeals.net/showthread.php?s=df1d1f9f7d6338d60fddad3eb48b85d9&t=336102

Link to a forum : anyone used e-loan?

2007-11-10T11:45:00.000-08:00

First comment from this forum :

Posted on

Thu, Oct 19, 06 at 22:52

" We are about to sign on for a home equity loan with e-loan. They have been great to work with so far and have told me up front that when everything is completed and approved they will sell my account. The interest rate I was quoted was very good and there is hardly any closing costs. Other places I've checked have had as much as $2,000 in closing costs. Has anyone out there had bad or good experiences with e-loan?"

see this forum at : http://ths.gardenweb.com/forums/load/finance/msg1022524830484.html

Link to a forum : E-loan or Bankrate...opinions?!

2007-11-06T05:30:00.000-08:00

First comments from this forum :

"Any opinions on this? I'm looking to get into a home (Avery area) in a couple of months and was wondering if anyone has any input on shopping for mortgages from these "bank rate search" companies?"

see this forum at : http://www.city-data.com/forum/real-estate-professionals/84534-e-loan-bankrate-opinions.html

News - Wed Oct 31 : Paulson to mortgage industry: help curb defaults

2007-11-01T03:40:00.000-07:00

Treasury Secretary calls on mortgage lenders to do more to identify borrowers in danger of default; urges flexibility.

October 31 2007: 7:08 PM EDT

WASHINGTON (AP) -- Treasury Secretary Henry Paulson urged the mortgage industry on Wednesday to do more to identify and help people who risk losing their homes because their monthly mortgage payments are resetting to higher levels.

Paulson said one promising initiative was a mass mailing lenders participating in the Hope Now alliance are planning to use to let people know where they can get help.

The new letters will start going out on Nov. 19. He said the effort involves two stages - "first, making contact with a borrower who is in trouble and, second, determining if there is an affordable mortgage product for that borrower and taking action."

More than 1 million people could be in danger of losing their homes over the next two years as their initial low introductory adjustable rate mortgages reset to much higher rates.

After a meeting at Treasury on Wednesday with members of the alliance, Paulson said executives of the financial services industry told him they were developing methods to systematically evaluate a borrower's ability to make higher monthly payments and also determine what other options were available to refinance to lower rates.

Housing woes can't derail economy

"I am calling on industry participants to review their existing practices and adopt specific criteria that will quickly identify borrowers who can keep their homes and follow up with a refinancing, a loan modification or other flexibility," Paulson said. "Developing clear criteria now will allow us to gauge the success of these efforts in avoiding preventable foreclosures."

Paulson said he continues to view the housing and mortgage market troubles as the most significant risk now facing the economy.

Last week, the Joint Economic Committee estimated there will be 1.3 million foreclosures from mid-2007 through 2009 in subprime mortgages, loans provided to borrowers with weak credit histories.

Those foreclosures will wipe out an estimated $71 billion in housing wealth directly and another $32 billion indirectly by lowering the values of neighboring homes, according to the report by the JEC's Democratic staff.

The report predicted that will end up costing states $917 million in lost property tax revenue through the end of 2009, with the states of California, New York, New Jersey and Florida projected to be among the biggest losers.

JEC economists cautioned that their forecast is heavily dependent on how much home prices decline during the slump. If the downturn turns out to be worse, it will mean even bigger price declines, more foreclosures and more dollar losses in both home values and property tax collections.

Sen. Charles Schumer, D-N.Y. and chairman of the JEC, said his panel's report underscored the need for the administration to move more quickly to offer government assistance to help homeowners who are in danger of defaulting on their mortgages.

source : http://money.cnn.com/2007/10/31/real_estate/paulson_housing.ap/index.htm?section=money_latest

News - Wed Oct 31 : NY's Cuomo to announce mortgage probe development

2007-11-01T03:28:00.000-07:00

Wed Oct 31

NEW YORK (Reuters) - The New York state attorney general plans to announce a "major development" on Thursday morning in an ongoing investigation of the mortgage industry his office said on Wednesday.

Attorney General Andrew Cuomo will announce the development at a news conference. A spokesman in Cuomo's office declined to provide further details.

Cuomo said earlier this year that his office was looking into the subprime mortgage lending market.

He has subpoenaed documents from ratings firms Standard & Poor's and Fitch as part of a broader probe into the mortgage market, according to a report last month in the Wall Street Journal.

S&P is a unit of McGraw-Hill Cos Inc, while Fitch is a unit of France's Fimalac SA.

Earlier this year, mortgage loan analysis company Clayton Holdings Inc also said it had been subpoenaed by Cuomo but gave no details.

The subpoenas were served "three weeks ago and we were not the only ones," Keith Johnson, the company's president and chief operating officer, said in an interview with Reuters in July.

The company said then that it did not believe it was the target of the probe.

(Reporting by Paritosh Bansal)

source : http://news.yahoo.com/s/nm/20071031/us_nm/cuomo_mortgages_dc_1

Below are the most searched keywords,about 'eloan',in the internet (datas of September 2007)

2007-10-24T06:30:00.000-07:00

Search

Word

24343

eloan

1853

eloan com

1792

eloan mortgage

442

auto eloan

115

eloan complaint

A Complaint About E-Loan, And A Response

2007-10-08T06:41:00.000-07:00

Here’s an interesting complaint about E-Loan from “VelocityDC,” followed by a reasonable response to the complaint that I solicited from the company. Hot Property doesn’t make a practice of investigating readers’ complaints, but this one seemed worth checking out.

THE COMPLAINT …

I need to lock in a rate in the next week for a house in Silver Spring and have been shocked by how much the rates change from one day to the next. Besides the most recent interest rate hike by the Fed, what other factors affect the interest rate? Unemployment rates? Oil prices? COnflict in the Middle East?

For the real mortgage rate hawks out there: what are some general tips for trying to get the best rates? Are rates generally lower in the morning or afternoon or does it matter at all? (I'm not the day-trading type, but since I'm going to be stuck with this rate for some time, I'd like to shave as much off the rate as possible.)

I'm also a little perturbed by the loan officer from E-Loan who called me on Friday to tell me ostensibly that she got an email from her boss saying that rates are lower than they have been in months, and encouraging me to lock in that day. That didn't make sense to me then, and now I see that Freddie Mac is reporting that rates on a 30-year fixed are the highest they've been since 2002. Is this fraud? Should I drop ELoan now?

Thanks for any advice.

... AND THE RESPONSE

Peter,
Again, thank you for bringing this to our attention.

I talked with our SVP of first mortgages. He feels that this sounds like a very common occurrence of a consumer being confused by the complexity of the various pieces of information out there that can factor into consumer lending rates. Specifically, what the Loan Consultant was referring to was the fact that the 10-year treasury benchmark had dropped in the previous couple of days to its lowest in 4 months. However, your writer is comparing this to the Freddie Mac rate which is a backward logging rate – always looking back about a week or so whereas most lenders tend to move with the market. In other words, the writer was not comparing apples to apples. Unfortunately, it seems that consumers are often misled – or tend to misunderstand – the relationship to mortgage rates of these Freddie Mac announcements.

And, I thought I’d take the liberty of providing a couple of tips that might help him and other borrowers make the best loan decision:

It’s usually best to lock in a rate in the morning since most lenders tend to increase their margins at the end of the day and put out their best price in the morning to encourage applications and locks.
As with any decision, it pays to be the informed consumer. Feel free to ask as many questions as necessary to be sure you understand what you’re getting – and what you’re NOT getting. As with the above situation, a consumer should feel perfectly comfortable asking to be convinced that this is the case – ask to understand how this compares with what you might be hearing about Freddie Mac’s rate.
Compare, compare, compare – as with any purchase, be sure to seek out more than one price or offer. Even if you know you’re going to use your local lender or broker, take full advantage of the internet and compare rates, fees, potential overages. Keep in mind that you can’t just compare rates – most lenders will lure you on rate only to surprise you with hefty fees at the closing. Demand a listing of all fees before agreeing to lock. ...

Best,
Laurie

...if you want to read comments to this article or if you want to comment here is the source link :
http://www.businessweek.com/the_thread/hotproperty/archives/2006/07/a_complaint_abo.html