Mortgage and Financial News From 2008-11-11 Page 01
Previous Day: 2008-11-10
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Defeated in Ohio, payday lenders look for options - Houston Chronicle
CINCINNATI — The payday loan industry, which lost a ballot fight to overturn tough restrictions on the interest rates it can charge costumers, is searching for other ways to do business in Ohio as consumer advocates worry that lenders are finding a ...
2008-11-10 05:56:00 -
Advantage Systems Adds Additional Security Feature to Accounting for ... - Earthtimes
IRVINE, Calif. - (Business Wire) Advantage Systems, a provider of accounting and contract management tools for the mortgage and real estate industries, announced the addition of a new feature to Advantage Systems ’ Accounting for Mortgage Bankers ...
2008-11-10 08:31:00 -
A California town drowns as home values sink - International Herald Tribune
MOUNTAIN HOUSE, California : This town, 59 feet above sea level, is the most underwater community in America. Because of plunging home values, almost 90 percent of homeowners here owe more on their mortgages than their houses are worth, according to ...
2008-11-11 10:24:00 -
Pensions Calculator website failure for past two months (Money Marketing Online)
The Pensions Calculator used by consumers to calculate roughly how much they need to save to meet expected income demand in retirement, has collapsed. ...
2008-11-11 04:59:03 -
California town is epicenter of U.S. housing crisis (International Herald Tribune)
Mountain House, California, shows how the U.S. housing crisis is contributing to a broad slowdown of the American - and global - economy, as families who feel burdened by high mortgages are pulling back on their spending.
2008-11-11 06:11:04 -
PRODUCT WATCH (Investment Executive)
Toronto-based VenGrowth Asset Management Inc. and its affiliates have capped VenGrowth Investment Fund Inc. The final date for subscriptions from eligible existing investors is Nov. 28. The fund was launched in 1995 and was closed to both new and existing investors in 1999 to allow its venture portfolio to mature.
2008-11-11 08:58:28 -
Data shows US negative equity homes (Channel 4)
Nearly a quarter of all homes with mortgages in the US are in negative equity, figures have shown.
2008-11-11 10:34:31 -
Seven practical tips for first-time homeowners (WECT 6 Wilmington)
In one year since she and her husband bought a fixer-upper, writer Erin Burt discovered a lot about her family and their finances. She shares seven valuable lessons for any new homeowner.
2008-11-11 10:34:59 -
Before Refinancing, Crunch Hidden Numbers (TheStreet.com)
When it comes time to refinance, consider costs, not just potentially lower rates, in your decision.
2008-11-11 10:52:22 -
High interest rates affect Beaver County debt (Ellwood City Ledger)
BEAVER - Rising interest rates continue to hit Beaver County hard with the county's monthly interest payment on its bonds up more than $146,000 from September.
2008-11-11 03:18:31 -
A Town Drowns in Debt as Home Values Plunge (The Hendersonville Times-News)
A visit to Mountain House, Calif., shows how the housing crisis is contributing to a broad slowdown of the economy.
2008-11-11 05:16:46 -
Seven practical tips for first-time homeowners (WFMJ Youngstown)
Yes, my husband, Jeremy, and I are a little crazy. But mostly, we're just cheap. For three years we had saved religiously to buy our first home. Then last year, when we moved from astronomically priced California to planet-Earth Baltimore, we took our opportunity.
2008-11-11 07:16:28 -
U.S. announces mortgage affordability plan - Los Angeles Times
Reporting from Washington -- In an attempt to keep struggling homeowners from losing their houses, federal officials today announced a simpler and quicker procedure for modifying loans held by mortgage giants Fannie Mae and Freddie Mac and expressed ...
2008-11-10 05:56:00 -
Government launches new mortgage aid effort - CNN Money
NEW YORK (Associated Press) - Once again, the government has offered another plan to help troubled homeowners. Once again, critics say it doesn't go far enough. The plan announced Tuesday by federal officials and mortgage giants Fannie Mae and ...
2008-11-11 05:41:00 -
U.S. Steps Up Help for Homeowners - Wall Street Journal
WASHINGTON -- Fannie Mae and Freddie Mac , which are under government control, said they would help streamline the modification of loans for potentially hundreds of thousands of homeowners who are 90 days or more behind on their mortgage payments ...
2008-11-11 06:45:00