Bad Credit Home Equity Loan News
- The Gloom of the Après-bubble World Monday, December 1, 2008 @ 9:43PM*** Madness on the way up, and madness on the way down…geegaws from China sell better than new boats…and more!
- Who were the original $1-a-year men? Monday, December 1, 2008 @ 7:58PMAnd, how the NBER decided the U.S. is in recession
- Opposition agrees to coalition with Dion as PM Monday, December 1, 2008 @ 7:25PMIn a historic political move, the leaders of the Liberals, NDP and the Bloc Quebecois signed a formal agreement Monday to topple the Tories and co-operate as a coalition government for at least 18 months.
- SCORE: Enjoy the upside of a down market by thinking outside the box Sunday, November 30, 2008 @ 11:13PMAsk SCORE has been inundated with questions relating to coping in a down market and where to find affordable financing. There seems to be no end to the bad news one hears on a daily basis from the talking heads on CNBC and other business news media.
- A dilemma in British housing Thursday, November 27, 2008 @ 7:09PMBritain needs to reinvigorate its mortgage markets to save its economy and its banks. The problem is, few want to borrow and there is precious little money to lend.
- (AFX UK Focus) 2008-11-27 10:01 STOCKS NEWS UK SMALL-Alba soars on brand sales, results Thursday, November 27, 2008 @ 10:32AMSTOCKS NEWS Reuters Results diary Europe Real-time Equity News UK Stocks on the move UK smallcaps
- The truth behind the Citigroup nationalization Thursday, November 27, 2008 @ 6:20AMOn Friday, November 21, the world came within a hair’s breadth of the most colossal financial collapse in history, according to bankers on the inside of events with whom we have contact.
- The right time to tap into home equity to pay bills Wednesday, November 26, 2008 @ 12:50PMOur Smart Money expert, syndicated radio host Bruce Williams, weighs the good and the bad with tapping into home equity to pay other debts.
- Southwest Floridians hunker down as lenders tighten up Wednesday, November 26, 2008 @ 6:27AMDATABASES:
- You ain’t seen nothing yet Wednesday, November 26, 2008 @ 5:50AMObama hasn’t even been sworn in yet, and already the Wall Street cheerleaders are celebrating his first great triumph.
- ACORN activists want state to stall foreclosures Tuesday, November 25, 2008 @ 11:24PMCommunity organization which came under fire for voter registration drives want state to extend foreclosure moratorium.
- Goodwin’s $140 Billion Binge May Doom RBS to Nationalization Tuesday, November 25, 2008 @ 9:07AMNov. 25 (Bloomberg) -- During nine years at the helm of Royal Bank of Scotland Group Plc, Fred Goodwin excelled at beating his peers. In 2000, he pulled in the richest paycheck among British bank chief executive officers.
- The layoff domino effect Monday, November 24, 2008 @ 11:47PMIt started with real estate then spread to Wall Street. Now as the U.S. economy lurches into what appears to be a long recession, just about every American worker is at risk of being fired.
- Lurching Toward Gomorrah: More Signs of An Unstoppable Economic Meltdown Monday, November 24, 2008 @ 2:04PMCrisis denialists are still around but are slowly and grudgingly giving way to the reality that global capitalism is in serious crisis as recession lurches toward depression in a continuing downward spiral.
- 10 ways to protect yourself in a financial crisis Monday, November 24, 2008 @ 11:14AMBank foreclosures. A volatile job market. The rollercoaster Dow.This may be the worst financial crisis since the Great Depression, but we can do more than wait for the federal government to bail us out. Here are 10 things you can do right now: 1. Be smart about home equity
- It’s time to move on to ‘Plan B’ Monday, November 24, 2008 @ 6:12AM“The winter of 2008-2009 will prove to be the winter of global economic discontent that marks the rejection of the flawed ideology that unregulated global financial markets promote financial innovation, market efficiency, unhampered growth and endless prosperity while mitigating risk by spreading it system wide,” wrote economists Paul Davidson and Henry C.K. Liu in an “Open Letter to World ...
- FOXBusiness: The Next Steps at Citigroup Saturday, November 22, 2008 @ 9:23AM
- Mortgage-Backed Securities Remain Toxic Thursday, November 20, 2008 @ 11:36PM
- TD Bank sees C$350 million trading charge, stock drops Thursday, November 20, 2008 @ 6:11PMsaid on Thursday that the "dramatic" lack of liquidity in global credit markets will prompt charges of C$350 million ($273 million) for credit-trading losses, reducing its fourth-quarter earnings.
- TD Bank sees C$350 million trading charge, stock drops Thursday, November 20, 2008 @ 5:48PMToronto-Dominion Bank said on Thursday that the "dramatic" lack of liquidity in global credit markets will prompt charges of C$350 million ($273 million) for credit-trading losses, reducing its fourth-quarter earnings.
- 300,000 Londoners face negative equity trap Wednesday, November 19, 2008 @ 12:49PMHundreds of thousands of London home owners are heading for negative equity as the economy slides inexorably towards the uncharted territory of deflation.
- US eases loan repayment terms for homeowners Wednesday, November 19, 2008 @ 7:57AM Hundreds of thousands of American homeowners are to make lower mortgage repayments under a sweeping programme of loan renegotiations brokered by the US government to slow down the rate of property repossessions. Treasury officials yesterday announced a programme restricting repayments to 38% of household income for many borrowers. The arrangement will involve loans packaged by the mortgage ...
- Citigroup freezes US home repossessions Tuesday, November 18, 2008 @ 11:45PM The US bank Citigroup is halting repossessions for most of its struggling mortgage borrowers in response to pressure for a softer approach in tackling the vast American sub-prime loans crisis . Citi said it was imposing a moratorium on foreclosures for all clients willing to work "in good faith" to restructure mortgages, as long as they have sufficient income to make payments of some ...
- (AFX UK Focus) 2008-11-18 19:41 WRAPUP 2-US lawmakers, Treasury lock horns on foreclosures Tuesday, November 18, 2008 @ 8:09PMBy Glenn Somerville
- (AFX UK Focus) 2008-11-18 19:42 WRAPUP 2-US lawmakers, Treasury lock horns on foreclosures Tuesday, November 18, 2008 @ 8:08PMBy Glenn Somerville
- U.S. lawmakers and Treasury lock horns on foreclosures Tuesday, November 18, 2008 @ 7:28PMU.S. Treasury Secretary Henry Paulson and members of Congress clashed on Tuesday over the best use for the $700-billion (466 billion pound) financial bailout fund, with lawmakers demanding money to stem a national wave of mortgage foreclosures.
- (AFX UK Focus) 2008-11-18 16:36 REFILE-WRAPUP 1-Lawmakers, Treasury lock horns on foreclosures Tuesday, November 18, 2008 @ 5:09PMBy Glenn Somerville
- The Humpty Dumpty Economy Friday, November 14, 2008 @ 8:59PMBy: Peter Schiff, Euro Pacific Capital, Inc. Before the current economic crisis became apparent to all, the most popular fable used to describe America’s uncanny economic resiliency was the story of Goldilocks.
- Local foreclosures increase dramatically in recent months Friday, November 14, 2008 @ 4:31PM Melrose has not been spared the financial and emotional cost as bank foreclosures on properties run rampant across the nation in the wake of a global financial crisis that initially began with subprime mortgages. This, despite the fact that Melrose remains a relatively stable market in terms of home sales while elsewhere, housing sales continue to stagnate nationwide.
- Top 6 U.S. Government Financial Bailouts Friday, November 14, 2008 @ 9:12AMThe passage into U.S. law on October 3, 2008 , of the $700 billion financial-sector rescue plan is the latest in the long history of U.S. government bailouts that go back to the Panic of 1792, when the federal government bailed out the 13 United States , which were over-burdened by their debt from the Revolutionary War. It also marked the fourth time in 2008 that the government interceded to ...
- Looking for rescuer? Gaze into the mirror Friday, November 14, 2008 @ 5:15AM(NATIONAL COLUMNISTSteven Pearlstein) Who would have thunk it? Goldman Sachs lays off nearly 3,300 and could post its first quarterly loss since becoming a publicly owned company. Starbucks comes within a whisker of a money-losing quarter. General Motors begs Washington for a payday loan, warning it may collapse without it. KKR, the buccaneer of private equity, is unable to sell shares to public ...
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- Loans reach new depths Wednesday, November 12, 2008 @ 3:27AMIn late 2005, Mandy, a 55-year-old postal worker from the NSW Central Coast, heard an advertisement on her radio for a company called Professional Funding Group.
- GM: Finance arm may not survive Wednesday, November 12, 2008 @ 2:47AMn Automaker also sees its shares fall to a 60-year low point
- The Problem With Deleveraging Saturday, November 8, 2008 @ 5:59PMIn general, we consider it a good thing to save money and to "owe no man anything save love." But what happens when a debt-happy society wakes up and decides that saving is a good thing for everybody? What happens when banks and hedge funds decide (or are forced) to reduce their debt?
- Draw up financial plan to keep college costs in check Saturday, November 8, 2008 @ 11:01AMA number almost as scary as 401 — as in 401(k) — for parents with college-bound children these days is 529.
- Go State U., and other savings advice Saturday, November 8, 2008 @ 2:55AMCHICAGO -- A number almost as scary as 401 -- as in 401(k) -- for parents with college-bound children these days is 529. The stock market swoon that has shrunk retirement savings by double digits
- HSN, Inc. Reports Third Quarter Results Thursday, November 6, 2008 @ 1:00PM ST. PETERSBURG, Fla., Nov. 6, 2008 -- HSN, Inc. reported results for the third quarter ended September 30, 2008 for HSN, Inc. and its two operating segments, HSN and Cornerstone.
- Sell Your House Without Moving - Rent My House Back Thursday, November 6, 2008 @ 8:00AM The recent credit crunch has affected everybody in a bad way, thousands of people are not being able to keep up with their mortgage payments each month forcing them into more debt. The trouble that banks and building societies are going through prevents them from being a viable solution - they cannot lend everyone money who needs it and even if you were lucky enough to get accepted for a loan ...
- Superior Plus Announces a 20% Increase in Third Quarter Distributable Cash Flow per Unit and Updates 2008/2009 Annual ... Wednesday, November 5, 2008 @ 11:17PM Highlights
- MBIA, Ambac Losses Widen on Higher Claims Forecast (Update4) Wednesday, November 5, 2008 @ 9:47PMNov. 5 (Bloomberg) -- MBIA Inc. and Ambac Financial Group Inc. , the bond insurers crippled by credit-rating downgrades, posted wider losses than analysts anticipated after slumping credit markets forced them to increase reserves for claims.
- Liberty Global Reports Third Quarter 2008 Results Wednesday, November 5, 2008 @ 9:45PM ENGLEWOOD, Colo.----Liberty Global, Inc. , today announces financial and operating results for the third quarter ended September 30, 2008. Highlights for the quarter compared to the results for the same period last year , include: Revenue increased to $2.65 billion from $2.26 billion, reflecting reported and rebased1 growth of 17% and 6%, respectively Operating Cash Flow 2 increased to $1.17 ...
- Banks ask for credit card debt forgiveness Tuesday, November 4, 2008 @ 3:59PMWASHINGTON -- With defaults on credit card debt spiraling amid a global financial downturn, banks already reeling from the mortgage crisis are losing billions more from unpaid credit card bills.
- Loans to clear debt need willpower Tuesday, November 4, 2008 @ 1:35PMDear Bruce: You have written in your column many times that you feel home-equity loans are a bad idea for debt consolidation. I see a lot of advertisements out there for companies promising to help people get out of debt. With a current income of $35,000, I have $17,000 in credit card debt and I am having difficulty meeting my monthly payments.
- Nigeria: The Nigerian Equity Market Crisis - Causes , Solutions -Martin Oluba Tuesday, November 4, 2008 @ 11:19AMThe crises currently faced by the Nigerian equities market are traceable to two primary causes: one is primary and derives from domestic monetary and financial policies such as the untimely reversal of the margin trading policy which halted the fuelling of the bull market as well as the consequent increased pressure on banks a few months from the halt of the policy to start recalling their ...
- RBA cuts rates again Tuesday, November 4, 2008 @ 4:20AMThe Reserve Bank of Australia (RBA) has slashed interest rates by 0.75 of a percentage point.
- MTS Medication Technologies, Inc. Announces Second Quarter and Six-Month Financial Results Monday, November 3, 2008 @ 3:33PM ST. PETERSBURG, Fla.----MTS Medication Technologies, Inc. , an international provider of medication adherence packaging systems, today announced its financial results for its second quarter and six months ended September 30, 2008.
- Central Banking and Credit Quality Monday, November 3, 2008 @ 2:44PMThere are many very serious economic negatives of a central bank that supporters of central banks ignore. Instead, they argue that the central bank is a good institution because it helps to remedy recessions. That argument is highly misleading.
- More from the Front Lines of the Financial Crisis Monday, November 3, 2008 @ 1:49PMIn its latest economic outlook, Merrill Lynch economists "worry about inflation, or more precisely," a lack of it.
- Huntington bank chief sees hope Sunday, November 2, 2008 @ 9:24AMHuntington Bancshares boss Thomas Hoaglin said in March that "banking is pretty challenged right now."