Mortgage and Financial News From 2010-2-6 Page 01
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Money Help: Can’t pay your bills? It is time to get your priorities ... - Anderson Independent-Mail
Literally millions of Americans are caught in a trap. The rate is resetting on an interest-only mortgage, and the payment has doubled or even tripled. The house itself is worth 30 percent to 50 percent less than at the time of purchase. There is no ...
2010-02-06 11:04:00 -
Jackson-area homebuyers able to get assistance - MLive.com
After saving $2,000 of their own money, they will receive $5,000 in matching funds to buy a home. "We would have to come up with all that cash ourselves," Greg Peek said. "It's a pretty good deal." Federal tax credits for first-time homebuyers (up to ...
2010-02-06 09:38:00 -
Pirates Prove to be Sharp Shooters - OurSports Central
The Allied Home Mortgage Three stars of the game were all from the Devils. Palmieri was the first, defenseman Matt Corrente (two assists) the second and forward Tim Sestito (two assists) the third. The next Pirates home games take place this Friday ...
2010-02-06 10:14:00 -
Marquette honors Little Rock 9 - Milwaukee Journal Sentinel
Thomas was the youngest of eight children, and when he was little, his older sisters would read to him from their schoolbooks, teaching him to read and write. "When I got into the first grade, they thought I was a genius," says Thomas, a member of ...
2010-02-06 09:16:00 -
This Crisis Won’t Stop Moving - New York Times
YOU know we’re in trouble when we’re told that the economic problems in Greece, Portugal and Spain, the most indebted countries in the euro zone, are likely to remain safely contained in those nations. As we all now know, mortgage woes were ...
2010-02-06 08:33:00 -
Assembly bill proposes limits on payday loans - Milwaukee Journal Sentinel
Momentum on the bill picked up after Assembly Speaker Mike Sheridan (D-Janesville) acknowledged he had dated a lobbyist for the payday loan industry. Sheridan, 51, softened his position on regulating the industry last year but said he has not been ...
2010-02-06 09:31:00 -
Michigan - A Tale Of 2 States - Salon
On the one hand, I went through neighborhoods in Detroit that boast as few as one or two occupied houses on one full city block ... making plans to abandon the home they bought and remodeled and to rent another if necessary. But dinner at a nearby ...
2010-02-06 10:49:00 -
AP: More migration has meant more economic stress - Sacramento Bee
If they bought in the last five years, most of the people, particularly the people who went for all the mortgage bait that was out there ... they're upside down." The term 'upside down' - when a home's market value drops below the amount owed on the ...
2010-02-06 11:04:00 -
Saudi mortgage law to boost bank lending - Zawya
Saudi mortgage law to boost bank lendingZawya... this could allow them to end their strict credit approach and entice them to invest more at home. "The mortgage law will soon be passed in the kingdom, ...and more »
2010-02-06 10:45:26 -
Straight article offers clue why bankers want higher down payments and shorter ... - Straight.com
Straight article offers clue why bankers want higher down payments and shorter ...Straight.comThe headline stated: "Big Six banks urge Ottawa to tighten mortgage rules". An unnamed source quoted in the article suggested that the bankers would be ...
2010-02-06 10:48:29 -
In housing meltdown, cities turn into buyers - Minneapolis Star Tribune
In housing meltdown, cities turn into buyersMinneapolis Star TribuneAuthorities uncovered mortgage fraud rings. And as banks took back their properties, the blocks those homes sat on grew shabby and attracted vandals, ...
2010-02-06 10:58:15 -
Laddering fixed annuities can prove to be beneficial - Aiken Standard (subscription)
Laddering fixed annuities can prove to be beneficialAiken Standard (subscription)MONEY SAVINGS TIP: If your mortgage balance is less than 20 percent of your home's current value and if you have an unused home equity line in place, ...
2010-02-06 11:00:04 -
More in need, more giving - Tampa Tribune
More in need, more givingTampa TribuneTAMPA - Mary Lou Pederson saw the dark clouds forming long before the storm hit the mortgage industry. By the time she lost her job, ...and more »
2010-02-06 11:01:49 -
Repossession of family home is just the beginning of the nightmare for many - Irish Independent
Repossession of family home is just the beginning of the nightmare for manyIrish IndependentAfterwards, Bernard Durkan explained how the couple -- who didn't want to be identified -- bought their home with a €340000 mortgage from a sub-prime lender ...
2010-02-06 11:02:17 -
New guidelines for home short sales - The State
New guidelines for home short salesThe StateIn a short sale, the homeowner sells the property for less than what is owed on the mortgage, and the lender forgives the difference. ...
2010-02-06 11:02:59