Refinance Home Equity Loan News
- Ford tells Congress it might be able to go it alone Tuesday, December 2, 2008 @ 7:33PMWASHINGTON – Ford Motor Co. is asking Congress for a $9 billion “stand-by line of credit” to stabili ...
- bAround the nation:/b Ford tells Congress it may be able to go it alone Tuesday, December 2, 2008 @ 6:50PMWASHINGTON (AP) Ford Motor Co. is asking Congress for a $9 billion stand-by line of credit to stabilize its business, but says it doesnt expect to tap it.
- Even now, reverse mortgages a viable option Sunday, November 30, 2008 @ 8:18AMMost reverse mortgage options have left the market, victims of the global credit crunch. Yet the biggest player with the longest history still remains, and it pushed the industry into positive growth territory for the 19th straight year.
- Family refinances into fixed-rate loan Friday, November 28, 2008 @ 11:00AM This couple made some moves to free up cash, which enabled them to shed their dreadful option ARM.
- U.S. move cuts mortgages to lowest rate since February Thursday, November 27, 2008 @ 8:41AMU.S. move cuts mortgages to lowest rate since February Home loan borrowers with good credit could be in for some of the best mortgage rates in months, analysts said yesterday, a day after the Federal Reserve announced intervention designed to make financing less costly and more readily available.
- Now Available Again: Stated Income - Verified Assets (SIVA) Real Estate Financing Friday, November 21, 2008 @ 7:01AM Katz Mortgage Team, has announced they are once again able to offer "Stated Income" loans requiring no income verification from borrowers.
- Regions Program Helps Keep Residential Mortgage Foreclosures Low Thursday, November 20, 2008 @ 8:58PM BIRMINGHAM, Ala.----Regions Financial Corporation today announced that it has reached out to over 103,000 residential first mortgage and home equity customers in the first year of its program to help customers avoid hardship.
- Jumbo mortgage deadline looms Thursday, November 20, 2008 @ 11:00AM Some mortgage borrowers are about to get squeezed by the shrinking of something called the jumbo conforming limit.
- What to do when your credit line is yanked Wednesday, November 19, 2008 @ 8:32AMDuring periods of tight business credit, lenders are more likely to call a note payable on demand or even find borrowers in default for minor technicalities. Business borrowers should have a backup plan ready in the event a bank pulls their line of credit....
- (AFX UK Focus) 2008-11-18 15:50 Glance-STOCKS NEWS EUROPE-WPP and UBM pull media stocks higher Tuesday, November 18, 2008 @ 3:52PMSTOCKS NEWS Reuters Results diary Stocks on the move Real-time Equity News
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- Report: Many in Southwest Florida owe more than their home is worth Monday, November 17, 2008 @ 5:05PMAs home values continue to fall, more borrowers are likely to find themselves in trouble in Southwest Florida. In Lee County, 30.4 percent — or about a third of all homeowners — owe more on their mortgage than their home is worth, according to a quarterly report by Seattle-based Zillow.com. In Collier County, the number isn’t quite as staggering. It’s 18.7 percent — or nearly one in five ...
- U.S. housing crash spawns big lawsuits Monday, November 17, 2008 @ 6:04AMA flood of legal claims -- of fraud, discrimination, predatory lending and more -- has followed the sharp downturn in the American real-estate market. Some borrowers are even seeking compensation for the hits to their credit ratings.
- Reverse Mortgage Rules Change to Allow Senior Citizens to Buy a New Home Friday, November 14, 2008 @ 7:25PMNov. 14, 2008 - Starting January 1, 2009, FHA will begin to insure reverse mortgage loans for purchases. What does this mean? Senior borrowers age 62 and over can now purchase a home using a reverse mortgage rather than a traditional forward mortgage.
- 7 Ways for Obama to Save the Housing Market Friday, November 14, 2008 @ 3:09PMEconomists have dreamed up all sorts of pricey ways for Uncle Sam to aid homeowners.
- "REAP" the Benefits of Equity Sharing -- Buy, Sell and Profit from Previously Unsalable Homes Friday, November 14, 2008 @ 7:01AM Real estate agents, mortgage brokers, home sellers and home buyers can now stimulate new sales activity in a sluggish housing market.
- TEXT: Paulson on the State of the Financial System Wednesday, November 12, 2008 @ 4:26PMTreasury Secretary Henry Paulson spoke today on the state of the global financial system.
- Text of Paulson remarks on TARP Wednesday, November 12, 2008 @ 3:49PMHere is the prepared text of remarks by Treasury Secretary Henry Paulson on Wednesday about the financial rescue package.
- Remarks by Secretary Henry M. Paulson, Jr. on Financial Rescue Package and Economic Update Wednesday, November 12, 2008 @ 3:43PMGood morning. I will provide an update on the state of the financial system, our economy, and our strategy for continued implementation of the financial rescue package.
- Negotiating Better Terms for Mortgage Wednesday, November 12, 2008 @ 2:26PMBanks may be willing to negotiate with borrowers who are current with their payments, even if they aren?t promoting it aggressively.
- Freddie, Fannie to modify loans Wednesday, November 12, 2008 @ 12:04PMWASHINGTON -- In an attempt to keep struggling homeowners from losing their homes, federal officials Tuesday announced a simpler and quicker procedure for modifying loans held by mortgage giants Fannie Mae and Freddie Mac and expressed hope that it...
- Fannie, Freddie Boost Effort to Minimize Foreclosures (Update4) Wednesday, November 12, 2008 @ 9:43AMNov. 11 (Bloomberg) -- Fannie Mae and Freddie Mac , the largest U.S. mortgage-finance companies, will accelerate anti- foreclosure efforts by streamlining loan modifications to lower monthly payments for more struggling homeowners.
- I will struggle to sell Everton, admits Harris Wednesday, November 12, 2008 @ 8:40AMKeith Harris, the merchant banker who has orchestrated the takeovers of five Premier League clubs, said yesterday that he is making "no progress at all" with finding a buyer for Everton, because the club are not an attractive enough financial investment.
- Hurst man down on his luck, and soon out of his house Monday, November 10, 2008 @ 6:31AMWorsening health sends the 67-year-old foreclosure.
- Herald/SARAH MOORE KUSCHELL Sunday, November 9, 2008 @ 1:32PMClick image(s) to enlarge From left, Edward Reyes, Ray Reyes and Ninfa Hinojosa at their home in Killeen on Saturday. Hinojosa said they lost thousands of dollars in a bad real estate deal.
- Turning Right Side Up Saturday, November 8, 2008 @ 9:35AMQ: I have been giving my clients an article you wrote about a year ago advising borrowers having payment problems how to request a modification in their loan contract. Could you bring it up to date?
- Mounting job losses fueling foreclosures Thursday, November 6, 2008 @ 6:54PMFor years, bad loans and their aftershocks have been sending homeowners into foreclosure. Now its lost jobs that are putting troubled borrowers over the edge.
- Canadian Tire releases third quarter earnings - Retail sales up 7.3%; adjusted net earnings up 12.7% Thursday, November 6, 2008 @ 4:07PM Canadian Tire Corporation, Limited released its third quarter results today. In a simultaneous news release, the Company announced the appointment of Stephen Wetmore as its next president and CEO effective the beginning of 2009.
- Valassis Announces Results for the Third Quarter Ended Sept. 30, 2008 Thursday, November 6, 2008 @ 1:30PM Valassis today announced financial results for the third quarter ended Sept. 30, 2008. We reported quarterly revenue of $563.7 million, down 7.2% from $607.2 million for the prior year quarter due primarily to the challenging global macroeconomic environment and its impact on revenue across all of our business segments.
- What Fed rate cuts mean for average consumers Thursday, November 6, 2008 @ 8:55AMLast month, the Federal Reserve cut interests rates for the sixth time this year in its efforts to restrain the credit crisis. The move that reduced the rate to 1 percent was a shot in the arm for Wall Street, which was up 10.1 percent last week. But what have these cuts meant for the average consumer?
- What low rates mean to you Wednesday, November 5, 2008 @ 6:48AMLast week, the Federal Reserve cut interests rates for the sixth time this year in its efforts to restrain the credit crisis. The move that reduced the rate to 1 percent was a plus for Wall Street, which was up 10.1 percent last week. But what have all these cuts meant for the average consumer?
- Jim Randel: IS COMMERCIAL REAL ESTATE NEXT? Monday, November 3, 2008 @ 12:01PMSome journalists have been suggesting that values in commercial real estate will be the next to crash - following housing and dragging the U.S. economy...
- Mortgage Plan May Aid Many and Irk Others Friday, October 31, 2008 @ 8:30PMExperts say it is difficult to devise programs to aid distressed homeowners without giving everyone else a reason to mail the keys back to their lenders.
- Almost 1 in 5 U.S. homes worth less than mortgage: report Friday, October 31, 2008 @ 6:02PMNearly one in five U.S. mortgage borrowers owe more to lenders than their homes are worth, and the rate may soon approach one in four as housing prices fall and the economy weakens, a report on Friday indicates.
- No Economic Recovery Without Housing Stabilization, Say REALTORS(R) Friday, October 31, 2008 @ 5:52PM The National Association of Realtors® has stepped up its challenge to lawmakers, encouraging them to take new, decisive actions to address the continuing problems in the housing industry, as well as the ongoing economic crisis.
- One in five U.S. mortgage-holders underwater Friday, October 31, 2008 @ 5:43PMSoon, it could be a quarter
- Freddie Mac says fewer homeowners are borrowing from equity Thursday, October 30, 2008 @ 8:38PMThe amount of money U.S. homeowners pulled out of their homes remained at a four-year low in the third quarter as higher mortgage rates cut the number of borrowers who refinanced, Freddie Mac said today.
- Freddie: Less homeowners are borrowing from equity Thursday, October 30, 2008 @ 8:08PMThe amount of money U.S. homeowners pulled out of their homes remained at a four-year low in the third quarter as higher mortgage rates cut the number of borrowers who refinanced, Freddie Mac said Thursday.
- Fortress and Quicken Loans Announce a Joint Venture to Implement a Comprehensive Refinancing and Loan Modification ... Thursday, October 30, 2008 @ 7:18PM Fortress Investment Group LLC and Quicken Loans Inc. today announced they have entered into an exclusive joint venture.
- Treasury, FDIC Said to Craft Plan to Curb Foreclosure (Update2) Wednesday, October 29, 2008 @ 9:38PMOct. 29 (Bloomberg) -- The U.S. Treasury and the Federal Deposit Insurance Corp. are considering a plan that may provide about $500 billion in government guarantees for troubled mortgages, according to people familiar with the matter.
- Family First Federal Credit Union to Offer Double Rewards Points on Its VISA(R) Credit Card Wednesday, October 29, 2008 @ 2:02PM OREM, Utah----With the holidays fast approaching and prices skyrocketing for ordinary purchases like food, clothing and fuel, many consumers are looking for ways to make their dollars stretch further.
- Homeowners’ perception of home values not grounded in reality Wednesday, October 29, 2008 @ 8:13AMStill hoping to get top dollar for your home? You are not alone.
- Financial experts offer tips on becoming debt free Tuesday, October 28, 2008 @ 9:08PMWhen it comes to the economy, Elizabeth Ponder is plugged in.
- Oct. 28 Letters to the Editor Tuesday, October 28, 2008 @ 2:09PMSen. Susan Collins deserves credit for some of her legislative activities. She supported efforts to reduce air pollution and global warming, backed energy efficiency and renewable energy, supported international family planning programs and voted for a treaty to ban chemical weapons.
- Hail Foreclosures? Market Forces Generate Solutions To Housing Crisis Saturday, October 25, 2008 @ 4:16AMHome sales are booming once again in Prince William County, Va., an area hit hard by the housing bust. Foreclosures are responsible.
- Foreclosures Help Housing Market Find a Bottom: John M. Berry Friday, October 24, 2008 @ 4:38PMOct. 24 (Bloomberg) -- Home sales are booming once again in Prince William County, Virginia, an area hit hard by the housing bust. Foreclosures are responsible.
- Sturgis Bancorp Reports Earnings for Q3 2008 Friday, October 24, 2008 @ 3:45PM Sturgis Bancorp, Inc. announced earnings of $610,000 for the third quarter of 2008.
- US Devising Home Refinance Aid Plan Friday, October 24, 2008 @ 5:13AMWASHINGTON (AP) – U.S. government regulators told Congress Thursday they are working on a plan that could help many distressed homeowners escape forec....
- U.S. working on plan to help homeowners refinance Friday, October 24, 2008 @ 3:23AMWASHINGTON (AP) - Federal regulators told Congress Thursday they’re working on a plan that could help many distressed homeowners escape foreclosure.
- U.S. government working on plan to help homeowners refinance Thursday, October 23, 2008 @ 9:37PMMartin Crutsinger And Marcy Gordon, The Associated Press October 23, 2008 - 5:29 p.m.
