Home Equity Loan News
- Expect tight credit to last Monday, October 13, 2008 @ 5:31AMTougher rules and lower limits will stick around long after the crisis eases, financial experts predict.
- Perry says consumer-friendly legislation helped spare Texas Monday, October 13, 2008 @ 5:24AMIt may be small comfort for those of you who have just opened your 401(k) quarterly statements to know that Texas, as Gov. Rick Perry reminded us the other day, has at least been spared the worst of the housing mortgage mess.
- For U.S. consumer, long era of easy credit may be over Monday, October 13, 2008 @ 5:23AMAn inflatable gorilla beckoned from the roof of Don Brown Chevrolet in St. Louis and a salesman urged potential customers to "put your hands on" a new set of wheels.
- Credit harder to obtain for many Monday, October 13, 2008 @ 5:04AMAn inflatable gorilla beckoned from the roof of Don Brown Chevrolet in St. Louis, servers doled out free bowls of pasta and a salesman urged potential customers to "come on up under the canopy and put your hands on" a new set of wheels.
- Has era of easy credit ended? Monday, October 13, 2008 @ 4:22AMAn inflatable gorilla beckoned from the roof of Don Brown Chevrolet in St. Louis, servers doled out ...
- Is the era of easy credit over for the long haul? Monday, October 13, 2008 @ 4:12AMAn inflatable gorilla beckoned from the roof of Don Brown Chevrolet in St. Louis, servers doled out free bowls of pasta and a salesman urged
- GM Looks To Tap Its Home For Cash Wednesday, October 8, 2008 @ 10:16AMMonths after shelling out $626M for its formerly leased HQ, carmaker is thinking of mortgaging it.
- ANZ lowers variable mortgage rates Wednesday, October 8, 2008 @ 10:12AMAustralia and New Zealand Banking Group has announced that it will lower interest rates for variable rate mortgages by 0.80% pa following the Reserve Bank of Australias decision to reduce the official cash rate with further reductions as global market conditons ease.
- Stock futures point to sharp losses on Wall St Wednesday, October 8, 2008 @ 10:06AM Stock index futures were sharply down on Wednesday as deepening fears that the credit crisis would make more victims and drag the global economy into recession sent equities plunging around the world.
- Labour & Employment Tuesday, October 7, 2008 @ 2:22PM07 October 2008 Article by J.C. Boggs and Peter A. Peyser, Jr.
- Coping with the college financial aid squeeze Tuesday, October 7, 2008 @ 2:20PMIncreasing college tuition and decreasing access to credit are leading students and parents to hunt for ways to raise money and slash expenses.
- The Ratings Game: Analysts cool on Bank of America as credit deteriorates Tuesday, October 7, 2008 @ 2:13PM-- Wall Street analysts were quick to scale back their earnings expectations for Bank of America Corp. after it pre-announced third-quarter results, saying the company will face more credit woes as the economy continues to weaken.
- Local homeowner aided by $8.4B lawsuit settlement Tuesday, October 7, 2008 @ 2:09PMAfter months of tears of grief and worry over her mortgage, Kim Baker said she is finally shedding a different kind.
- World markets tumble amid fast-spreading anxiety Tuesday, October 7, 2008 @ 1:04PMWASHINGTON—On Day One, the $700 billion plan didn’t help. Just the opposite.
- Late rally eases plunge Tuesday, October 7, 2008 @ 12:13PMAfter a breathtaking plunge that took the Dow Jones industrial average down 800 points -- its biggest decline ever during a trading day -- a late rally made up just more than half the drop, but the Dow still finished with its first close below 10,000 in four years.
- College Costs: Coping with the Meltdown Tuesday, October 7, 2008 @ 12:08PM Some unlucky investors like Dino Macaluso are feeling the double whammy of the market meltdown: They are watching their investment portfolios shrivel while college tuition payments loom.
- Stocks drop as fear grips investors worldwide Tuesday, October 7, 2008 @ 10:57AM WASHINGTON — On Day One, the $700 billion plan didn’t help. Just the opposite. The government’s huge rescue package, aimed at rebuilding economic confidence in the U.S. and around the world, appeared to sound a global alarm instead on Monday, the first trading day since Congress approved the measure Friday with fanfare and President Bush signed it. From Asia to Europe to Wall Street, there was ...
- Fishing for rights Sunday, October 5, 2008 @ 7:02PMTight market conditions are pushing Indian companies to tap their shareholder base to fund expansions and acquisitions. The credit crisis which erupted in January 2008 and the subsequent crash in equities have made it difficult for Indian promoters to raise funds.
- Credit cards likely to change Sunday, October 5, 2008 @ 4:32PMCredit-card holders, you’re in for a rough ride.
- Many pieces go flying from mortgage implosion Sunday, October 5, 2008 @ 1:49PMWASHINGTON – Your taxpayer credit card is on the counter, all set to get the economy moving again. Caveat emptor – let the buyer beware. The value of the mortgage-backed securities the federal government is set to buy is hard to decipher when the good, the bad and the scary are bundled together.
- The meltdown and you Sunday, October 5, 2008 @ 1:43PMWall Street was still dealing with uncertainty about the economy Tuesday, a day after the $700 billion financial bailout plan failed in the House of Representatives.
- Local leaders support economic bailout Friday, October 3, 2008 @ 5:12AMBailout or rescue, local business and civic leaders say the $700 billion plan scheduled for a U.S. House vote today is desperately needed immediately.
- In rough financial times, politicians and economists grasp for a way to explain it -- and sometimes stumble Friday, October 3, 2008 @ 5:07AMBy ALYSON WARD Check out the headlines, folks: The economy is in freefall. The market’s crashing, banks are failing, real estate values are plummeting, and politicians are — well, probably making things worse. There’s going to be a $700 billion bailout — whoops, no, there isn’t. Well, maybe there is. Who can wrap their minds around it? Fortunately, we huddled masses have the experts to explain ...
- Inland area calls for bailout help grow Friday, October 3, 2008 @ 4:54AMEconomists and people who work and live in Inland Southern California are asking for a lifeline today when the House votes on a plan to rescue the economy.
- Rescue plan does not save everyone Friday, October 3, 2008 @ 4:34AMThe harsh reality for Murielle Montes and hundreds of thousands of homeowners who are behind on their mortgages is this: A $700 billion bailout of the financial industry will probably do little to help them avoid foreclosure. House lawmakers are scheduled to vote today on the package, amid intense lobbying from President Bush and industry groups who say the measure is crucial for stabilizing the ...
- Some states step in with foreclosure rescue loans Friday, October 3, 2008 @ 4:17AMMore states may soon offer home loan refinancing programs similar to those already available from the federal government and at least nine states. The existing programs are limited in scope but give some homeowners another option to avoid foreclosure. ...
- Bailout offers Main St. little help Friday, October 3, 2008 @ 3:55AMWASHINGTON -- The harsh reality for Murielle Montes and hundreds of thousands of homeowners who are behind on their mortgages is this: A $700 billion bailout of the financial industry will probably do little to help them avoid foreclosure.
- Sovereign chief is out; replacement named Wednesday, October 1, 2008 @ 7:39AMSovereign Bancorp Inc. yesterday regained a quarter of the $4 billion in market value it lost Monday, as the bank replaced its chief executive officer and assured investors and depositors that it was in solid shape.
- No deal Wednesday, October 1, 2008 @ 6:10AMThe U.S. House of Representatives rejected a bill Monday that would have given the Secretary of the Treasury up to $700 billion to rescue the U.S. financial system.
- For stocks, worst single-day drop in two decades Tuesday, September 30, 2008 @ 1:56PMPublished: Tuesday, September 30, 2008 at 5:28 a.m. Last Modified: Tuesday, September 30, 2008 at 7:38 a.m. Even before the opening bell, Monday looked ugly.
- For Stocks, Worst Single-Day Drop in Two Decades Tuesday, September 30, 2008 @ 1:33PMOver a trillion dollars vanished from Wall Street on Monday, the blackest day since the 1987 stock market crash.
- CENTRAL NY BUSINESS NEWS Tuesday, September 30, 2008 @ 1:32PM• Carbon auction raises $38.6M for programs The nation’s first auction of carbon dioxide pollution allowances yielded $38.6 million for the six states that sold them, money that will pay for energy efficiency and renewable energy programs.
- Genworth Financial Announces Strategic Review of U.S. Mortgage Insurance Tuesday, September 30, 2008 @ 12:30PM Genworth Financial, Inc. today said it is examining a number of strategic alternatives regarding its U.S. Mortgage Insurance business, including a possible spin-off, to determine the optimal course for Genworth, its customers and shareholders.
- Wachovia: Just the Plum Citigroup Needed Tuesday, September 30, 2008 @ 12:29PMCiti fills a key void with its dirt-cheap buy of the retail banking franchise. Wachovia, meanwhile, can point to poor judgment in acquisitions
- TIMELINE - Global financial turmoil day by day Tuesday, September 30, 2008 @ 12:17PM(Reuters) - Following is a day-by-day summary of recent events in the financial crisis:
- Mortgage Losses on Owner-Occupied Homes Lower than Assumed Monday, September 29, 2008 @ 3:26PMHomeowners who are struggling with mortgages for their own residences are a relatively small part of the overall mortgage crisis, according to results of a new nationwide study of consumer balance sheets. The study estimates that losses on first mortgages for owner-occupied homes may range as high as $180 billion -- a large amount, but not catastrophic, according to an economist.
- Habitat accepting applications for new homes Monday, September 29, 2008 @ 2:46PMHENDERSONVILLE - Henderson County Habitat for Humanity is seeking families to build and occupy new homes in Henderson County. The organization’s current community is Shuey Knolls located on U.S. 64 East in Edneyville across from the Edneyville General Store.
- Site navigation Monday, September 29, 2008 @ 12:48PMAspiring homeowners in Reading are being invited to get a free affordability assessment at an event being held by housing group Catalyst.
- Read it: The 110-page rescue plan Monday, September 29, 2008 @ 11:54AM
- REVIEW: Credit crunch claims latest UK victim as housing market gloom deepens Monday, September 29, 2008 @ 11:43AMvictims. Sale figures for August show that the country has not encountered such poor
- Local banks are holding up Monday, September 29, 2008 @ 11:13AMInvestments by many state banks, including local lenders, in Fannie Mae and Freddie Mac may hurt bottom-lines, but should not force any community banks to stop lending, or worse, close their doors.
- A Bailout Is Just a Start Monday, September 29, 2008 @ 12:47AMCongressional negotiators have completed action on a $700 billion authorization for the bailout of the financial sector. This step was as necessary as the need for it was regrettable. In the coming weeks, the authorities will need to consider hugely important tactical issues regarding the deployment of these funds if the chance of containing the damage is to be maximized.
- International Forecaster September 2008 (#8) - Gold, Silver, Economy + More Sunday, September 28, 2008 @ 11:51PMThe following are some snippets from the most recent issue of the International Forecaster. For the full 27 page issue, please see subscription information below.
- What is Libor? Answers to interest-rate questions Sunday, September 28, 2008 @ 10:37PMIt goes by a clumsy acronym, and its inner workings may be difficult to understand, but a key interest rate set in London every business day is having a dramatic impact on the U.S. and global economies as the credit crisis has intensified. Here are some questions and answers to help make sense how this interest rate, known as Libor, may affect your household: Q. What is Libor? A. Libor, ...
- What is Libor? Answers to interest-rate questions Sunday, September 28, 2008 @ 10:27PMIt goes by a clumsy acronym, and its inner workings may be difficult to understand, but a key interest rate set in London every business day is having a dramatic impact on the U.S. and global economies as the credit crisis has intensified.
- Mixed results from overseas buys Sunday, September 28, 2008 @ 7:02PMSystech President Hemant Luthra was recently in Germany to check out the progress at Schoenweisse, a unit his company had acquired some time back.
- Couple should reduce debt, start saving Sunday, September 28, 2008 @ 3:35PMNeil and Shannon Searing, both in their 30s, enjoy a comfortable Southern California lifestyle. The Oceanside couple bought their first home in 2007 and have a 2-year-old daughter, Trinity. They have good jobs with a dependable combined income of $120,000 a year.
- Wall Street Dodges a Bullet, How About Next One? Wednesday, September 24, 2008 @ 4:59PMWall Street Dodges a Bullet, How About Next One?
- LandAmerica Warranted Valuation Solution Selected by Flagstar Bank Wednesday, September 24, 2008 @ 4:57PM LandAmerica Financial Group, Inc. has been selected by Flagstar Bank as a primary national provider of warranted valuations. Warranted valuations are an optional solution lenders use to shield against possible financial loss as the result of defective real estate valuations.
- Build a better bailout Wednesday, September 24, 2008 @ 4:35PMThe Paulson plan should target bad loans, not burned investors.
