Mortgage and Financial News From 2010-1-12 Page 01

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  • The Economic Collapse of the United States and Health care reform - DAILY KOS

    Any doctor with a brain and a heart who practices medicine these days observes the many disastrous shortcomings of our medical system. There are sick people who have no insurance; there are worried people who will not undergo evaluations because ...
    2010-01-12 10:58:00

  • Through the roof: Job losses join subprime mortgages to fuel big jump ... - Pocono Record

    Some people reach agreement with the bank on loan modifications," he said. "Some people sell the house ... Though new federal modification programs have been slow to help a large percentage of distressed owners who seek help, more people are ...
    2010-01-12 10:50:00

  • GIC recognises big loss in US property project - AsiaOne

    ... on as mortgage- backed securities or bonds, and US$1.4 billion of mezzanine debt that was also sold to institutional investors. The other investors included pension funds such as the Florida State Board of Administration and the California ...
    2010-01-12 10:58:00

  • Federal Reserve made record profits of $52 billion in 2009 - Charleston Gazette

    The Fed also earned $2.9 billion from loans extended to banks, investment houses and others.
    2010-01-12 11:05:00

  • Bruce Williams: Is reverse mortgage a good option? - Reading Eagle

    Dear Bruce: My grandson and his wife are paying off the loan on their small condo, which will be even smaller when their second child arrives. They are in a financial bind. His father was investigating the reverse mortgage program offered by the ...
    2010-01-12 11:12:00

  • Qualifying for a loan - WCPO

    Since mortgage lenders want proof that you're able to fulfill your financial obligations, your credit history can play a significant role in qualifying you for a loan. A credit history of on-time payments and credit card payoffs shows them that you ...
    2010-01-12 11:19:00

  • UN Cuts Back on Investigating Fraud - The Irrawaddy News Magazine

    UNITED NATIONS — The United Nations has cut back sharply on investigations into corruption and fraud within its ranks, shelving cases involving the possible theft or misuse of millions of dollars, an Associated Press review has found. At least five ...
    2010-01-12 11:19:00

  • Questions for the Big Bankers - New York Times

    Had the Federal Reserve kept short-term interest rates at a more normal 4 percent to 5 percent, rather than pushing them down to 1 percent, would this not have greatly curtailed the reckless growth of subprime loans? — DAVID STOCKMAN, a director of ...
    2010-01-12 11:26:00

  • Signs of life in the home-building industry - Los Angeles Times

    A construction site in Irvine is alive with the sound of the boom years. ¶ Workers hammering fresh wood beams shout orders at each other in Spanish. Diesel trucks rumble through newly paved subdivisions. Men with scrolls of construction plans tucked ...
    2010-01-12 11:48:00

  • Six Months to Live - HoweStreet.com

    Six Months to LiveHoweStreet.com... mortgage. I doubt that the banks are doing this out of the goodness of their hearts, but whatever the motive, this racket of just sucking up bad loans ...
    2010-01-12 10:19:51

  • UN cuts back on investigating fraud - msnbc.com

    UN cuts back on investigating fraudmsnbc.com... for women in Baghdad was used to pay off personal loans, a mortgage, credit card bills and taxes, as well as for cash withdrawals from a bank in Jordan. ...and more »
    2010-01-12 10:24:38

  • Foreclosure ruling positive for banks - Zawya

    Foreclosure ruling positive for banksZawyaThe UAE mortgage industry soared 123 per cent to Dh126 billion in total loans in 2008, according to Central Bank figures. Through August 2009, mortgages ...and more »
    2010-01-12 10:53:07

  • Balanced budget, economic growth on Mayor's wish list for 2010 - Braidwood Journal

    Balanced budget, economic growth on Mayor's wish list for 2010Braidwood Journal"It saddens me greatly to have lost these businesses; The Dry Cleaners, Mortgage Company, Tropical Hot Spot, American Legion, Attorney Ken Grnacek and ...
    2010-01-12 10:54:55

  • Courts to help homes - Concord Monitor

    Courts to help homesConcord MonitorOther mortgage modification programs have had mixed success. National banks with large portfolios of loans have found themselves overrun with requests from ...and more »
    2010-01-12 11:03:29

  • Editorial: Coakley for US Senate - Providence Journal

    Editorial: Coakley for US SenateProvidence JournalShe also took on the subprime-mortgage debacle, winning a landmark settlement from Goldman Sachs Group for its part in repackaging dubious loans. ...and more »
    2010-01-12 11:08:07

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