Mortgage and Financial News From 2010-4-4 Page 01
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How Texas escaped the real estate crisis - Washington Post
Across the nation, cash-outs became ubiquitous during the mortgage boom, as skyrocketing house prices made it possible for homeowners, even those with bad credit, to use their home equity like an ATM. But not in Texas. There, cash-outs and home ...
2010-04-04 03:18:00 -
Houses of God increasingly face foreclosure - msnbc.com
Long considered among the safest of borrowers, churches gambled on real estate at a time when credit copiously flowed and lenders ... with a plan to raise the interest rate on the church's $8.5 million mortgage, so long as Ebenezer AME found another ...
2010-04-04 08:12:00 -
April 5 ?-- People in the News - Daily Reflector
It has been in business since 1956, first as a credit bureau and collection agency, and now as the provider of bad-debt management solutions for the utility, rental, mortgage, and health care industries.
2010-04-04 10:56:00 -
How credit history can alter your career history - NorthJersey.com
How credit history can alter your career historyNorthJersey.com... outdated entries, errors from bad public records, information about strangers wrongly entered on your report, the same mortgage listed twice, ...
2010-04-04 01:04:58 -
Federal student-loan forgiveness options grow - Los Angeles Times
Federal student-loan forgiveness options growLos Angeles TimesDear Liz: I've noticed several ads on reputable websites that beckon renters to consider taking over mortgage payments for financially strapped homeowners. ...
2010-04-04 02:01:56 -
Bank may sign deal with ARC - Business Standard
Bank may sign deal with ARCBusiness StandardSpeaking to reporters on the sidelines of a seminar on reverse mortgage loans organised by the Central Bank of India and Consumers Association of India in ...and more »
2010-04-04 12:06:22 -
Obama's 'fixer-upper' - Tribune Review
Obama's 'fixer-upper'Tribune ReviewTheir mortgage difficulties still get reported to credit bureaus. Nevertheless, the president's cockeyed optimists say the hit to homeowners' credit isn't ...
2010-04-04 11:06:34 -
Fitch Affirms GMAC Series 1999-C2; Assigns Outlooks ... - Businesswire.com
NEW YORK--( BUSINESS WIRE )--Fitch Ratings affirms, assigns Loss Severity (LS) ratings and Rating Outlooks to GMAC's Commercial Mortgage Securities, Inc.'s commercial mortgage pass-through certificates, series 1999-C2 as follows: --Interest-only ...
2010-03-31 12:14:00 -
Banks continue to hold back on home loans - Times Online
Banks are also increasingly offering their best-buy loans to those who borrow on a capital repayment basis rather than take out an interest-only mortgage. The latter are popular with first-time buyers to reduce repayment costs. Santander and HSBC ...
2010-03-27 06:55:00 -
The constitutionality of the individual mandate and how ... - DAILY KOS
This isn't significantly different than the mortgage interest deduction (that isn't a tax credit, but regardless...). In effect, those who do not have a mortgage are taxed at a higher rate than those who do have a mortgage. That is every bit the ...
2010-03-30 01:37:00 -
Warning on mortgage overpay cash attack - This is Money
If mortgage interest is recalculated only once a year then borrowers will not get the full benefit immediately of any monthly overpayments. They should also remember that they will not usually be able to get the cash back from an overpayment if they ...
2010-04-04 05:56:00 -
House Call: Looking Past Real-Estate Woes - Wall Street Journal
House Call: Looking Past Real-Estate WoesWall Street JournalWith interest and mortgage rates already inching higher, falling prices would keep housing affordable for new buyers. Price declines pose a risk to banks' ...and more »
2010-04-04 02:22:30 -
The RBA has abandoned SMEs - Business Spectator
The RBA has abandoned SMEsBusiness SpectatorSo to the RBA, I would say this: sure there might be some signs that small lenders are re-entering the mortgage market. The fact that they are only able to ...and more »
2010-04-04 03:26:07 -
TrimTabs Estimates US Economy Added 280000 Jobs in March - PR-CANADA.net (press release)
TrimTabs Estimates US Economy Added 280000 Jobs in MarchPR-CANADA.net (press release)"Consumption is also getting a short-term boost from rising mortgage delinquencies. Instead of paying their mortgages, delinquent borrowers are spending ...
2010-04-04 03:27:20 -
Not just a bailout of pinstriped idiots - The Guardian
Not just a bailout of pinstriped idiotsThe GuardianLax lending was made worse by the preponderance of interest-only mortgages. A borrower on an interest-only mortgage relies on ever increasing property ...
2010-04-04 06:05:57