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News Flash Archive

Start-ups lose their sizzle
San Jose Mercury News - CA, USA
"The venture capital guys know how to cut their losses," Fisher said. "Just like the buyers of homes that are underwater, they may just abandon ship. ...

Daughter's credit problems are hers alone
Newsday - Long Island, NY, USA
My 24-year-old daughter accepts and activates and maxes out every credit card and department store card that she's offered. She can't hold a job for more...

Wells Fargo cuts out some first-time buyers
North County Times - Escondido, CA, USA
Wells Fargo's new policy requires an established credit history for all its wholesale-issued FHA loans made after March 31, according to a copy of its March...

Tips on Finding the Best Reverse Mortgage Loan
Los Angeles Chronicle - CA, USA
Its popularity is mainly because it is insured by the US government using the FHA insurance scheme. HECM stands for Home Equity Conversion Mortgages and is ...

Mortgage mess: Who gets help and who pays?
Christian Science Monitor - Boston, MA, USA
The federal government is increasingly focused on how to resolve the US mortgage mess, but the effort means grappling with controversial issues of who...

MBA exec: Refi window may soon close
MarketWatch - USA
Refinancing surged 82% last week as many homeowners got another chance to tweak their mortgages, says Jay Brinkmann, vice president at the Mortgage Bankers...

 

Can It Get Any Worse?
Newsweek - USA
That encompasses residential mortgages, corporate debt, commercial mortgages, credit cards and several others. About half of it will be on the books of ...

The Great Depression couldn't happen again, could it?
San Jose Mercury News - CA, USA
Starting in 1933, the corporation took over 1 million residential mortgages in default, worked to keep the owners in their homes, and made new loans to ...

A 1930s Loan Rescue Lesson
Washington Post - United States
The idea was that for three years the agency would acquire defaulted residential mortgages from lenders and investors, give its bonds in exchange, ...

Know Your Score
CBS News - New York,NY,USA
FICO scores range from 300 - 850 and you should shoot to have a score of 750 or higher. The good news is you can take steps to increase your score fairly ...

Sub-prime mortgage watchdogs kept on leash
Los Angeles Times - CA, USA
The reviewers say they raised plenty of red flags about flaws so serious that mortgages should have been rejected outright -- such as borrowers' incomes ...

 

Fed loans not easing credit crunch
CNNMoney.com - USA
Banks have already borrowed a total of $160 billion since the Fed started holding these auctions in December as a way to ease the credit crunch, which began...

First-time home buyers struggle to find down-payment money
MarketWatch - USA
The ranks of FHA borrowers have been growing substantially. FHA loans require only a 3% down payment, which can be a gift from friends or family. ...

Foreclosure crisis gripping Staten Island involved fraudulent ...
Staten Island Advance - SILive.com - Staten Island, NY, USA
11, say she made a legitimate loan to Mrs. Giammarino that did, in fact, stop the foreclosure of Mrs. Giammarino's home. They argue Mrs. Giordano suffered...

Realtor Takes Buyers on Tour of Foreclosure Homes
Central Florida News 13| - Orlando, FL, USA
ORLANDO -- Realtors are taking advantage of an increase in home foreclosures by organizing bus tours for prospective buyers. Two Orlando-based realtors are...


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