Home Equity Loans News
- Pros and cons of home-equity loans Saturday, November 22, 2008 @ 4:09AMA once-easy source of money for homeowners is now being cut back or frozen by lenders. Here are some pros and cons to taking out all you can from your home-equity loan now and putting it in a safe place in case you need it later.
- FOXBusiness: The Next Steps at Citigroup Saturday, November 22, 2008 @ 3:15AM
- Suddenly, Stricter Appraisals Saturday, November 22, 2008 @ 12:27AMMortgage lenders determined to stave off additional losses are demanding more thorough home appraisals and carefully reviewing valuation figures.
- Strategies for Car Shopping in a Time of Tighter Credit Saturday, November 22, 2008 @ 12:24AMFinance companies have cut back on loans and become stingier with leases. But for consumers, the credit crunch may have a silver lining.
- Reverse mortgages receive higher limits Saturday, November 22, 2008 @ 12:02AMMany older homeowners got some long awaited good news recently when the Department of Housing and Urban Development approved higher lending limits for reverse mortgages.Now a home equity conversion mortgage, or HECM, can be federally insured up to $417,000.Brien J. Brandenburg, a reverse mortgage specialist for Wells Fargo Home Mortgage, said that some of his clients have been waiting at least ...
- Cities, Schools Delay Projects Friday, November 21, 2008 @ 10:06PMSpring Hill is one of the fastest-growing cities in the U.S. With its picturesque location in the rolling hills of Tennessee, just 30 miles south of Nashville, plentiful jobs, reputable schools and affordable housing, the town has attracted people from all corners of the country, and its population has swelled to 25,000 from just 7,000 in 2000.
- Seeking a jumbo conforming home loan? Act fast Friday, November 21, 2008 @ 8:26PMSome mortgage borrowers are about to get squeezed by the shrinking of something called the jumbo conforming limit.
- E*Trade New-Account Openings Hit 5-Year High In October Wednesday, November 19, 2008 @ 8:01AME*Trade Financial Corp. (ETFC) posted its best month in more than five years for new account openings in October, as trading activity climbed during the month as the slow-motion stock-market crash swamped equity markets.
- Local bank decides not to sell its branch Wednesday, November 19, 2008 @ 5:33AMOcala National Bank pulled the plug on the sale of a branch office Tuesday after the financial institution found an investor to help shore up its losses, bank president Rance Kay said.
- Scotiabank takes $890M hit Tuesday, November 18, 2008 @ 7:28PMThe damage being inflicted on the finances of Bay Street by the creeping contagion emanating from U.S. credit markets was underlined Tuesday as the Bank of Nova Scotia said it would take a hit of $890 million.
- (AFX UK Focus) 2008-11-19 00:35 UPDATE 3-InBev closes Bud deal, becomes No. 1 brewer Tuesday, November 18, 2008 @ 6:53PMBy Martinne Geller
- Mount Vernon group trying to stop 7-Eleven from opening Tuesday, November 18, 2008 @ 5:58PMIt seems Big Gulps and historic cobble-stoned plazas don’t mix.
- Lawmakers, Treasury lock horns on foreclosures Tuesday, November 18, 2008 @ 5:48PM Treasury Secretary Henry Paulson and members of Congress clashed on Tuesday over the best use for the $700-billion financial bailout fund, with lawmakers demanding money to stem a national wave of mortgage foreclosures.
- Citigroup freezes US home repossessions Tuesday, November 18, 2008 @ 5:45PM 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 ...
- Businesses to benefit from angel investors Saturday, November 15, 2008 @ 3:13AMIn its third year, U.S. Photonics Inc. of Springfield needs more dollars to grow its ultra-precise machining business.
- How Rates Are Set Saturday, November 15, 2008 @ 1:48AMInterest rates are often a mystery for many people applying for home loans.
- Housing Misspending Alleged Saturday, November 15, 2008 @ 12:19AMThe Fort Smith Housing Authority is working with Housing and Urban Development officials in Little Rock to resolve allegations that it misspent more than $534,000 of federal money, the authority’s director confirmed this week.
- Columbia Asia to invest RM225m in 3 new hospitals Friday, November 14, 2008 @ 10:03PMREGIONAL healthcare provider Columbia Asia, which currently operates five community hospitals in Malaysia, is investing about RM225 million in three new hospitals here.
- Forecast: Dwindling inventories will help market improve Friday, November 14, 2008 @ 8:13PM New housing production in San Diego has declined to a level not seen since World War II, finding lenders for projects remains daunting, but dwindling inventories should make for a better market.
- U.S. Senate to take up auto bailout Friday, November 14, 2008 @ 7:18PMWASHINGTON (Reuters) - The U.S. Senate plans to take up a proposal to bailout distressed automakers, while the White House on Friday warned of partisan gridlock and recommended another route to get billions to Detroit fast.
- News briefs Saturday, November 8, 2008 @ 2:45AMWASHINGTON Pending home sales tumbled in September Pending U.S. home sales fell more than expected in September, after a big jump in the previous month.
- Consumers boosted Sept. borrowing, Reserve says Saturday, November 8, 2008 @ 2:30AM[The Federal Reserve says consumers boosted their borrowing in September, defying expectations for a cutback.
- Consumers unexpectedly borrowed more in September Friday, November 7, 2008 @ 2:37PM Associated Press - November 7, 2008 3:13 PM ET WASHINGTON (AP) - The Federal Reserve says consumers boosted their borrowing in September, defying expectations for a cutback.
- Consumers Unexpectedly Borrowed More In September Friday, November 7, 2008 @ 2:33PMEconomists expected consumers trimmed their borrowing at a 0.5 percent pace in September.
- Obama overhaul of finance rules may lead to clash with industry Friday, November 7, 2008 @ 2:29PMNow that Barack Obama has won the White House, his campaign to overhaul a financial industry imperiled by its worst crisis in seven decades begins.
- United Security Bancshares, Inc. Reports Growth in Third Quarter Income Friday, November 7, 2008 @ 2:16PM United Security Bancshares, Inc. today reported that net income grew to $1.4 million, or $0.23 per diluted share, for the third quarter ended September 30, 2008, compared with a net loss of $1.9 million, or $0.30 per diluted share, for the same period of 2007.
- Hell, Meet Handbasket Friday, November 7, 2008 @ 2:13PMCurrently, we find ourselves in a mess that many are calling the most serious economic crisis since the Great Depression. If not worse.
- Canada Stocks Gain, Led by Canadian Natural, Gold Producers Friday, November 7, 2008 @ 2:02PMNov. 7 (Bloomberg) -- Canadian stocks gained as rising gold and oil prices lifted bullion miners and energy companies, helping the main equity index pare its weekly decline.
- Seenews: news report of 07.11.2008 Friday, November 7, 2008 @ 1:13PMANALYSIS – SEE Should Survive Global Financial Turmoil With Value-Added Projects, New Priorities – Industry Officials Nov 07, 2008, 17:29 CET | Analysis | SeeNews SOFIA (Bulgaria), November 7 (SeeNews) – Global financial turmoil heralds slower growth and an outflow of foreign capital for emerging southeast Europe (SEE) economies and means they must focus on more value-added projects and ...
- Brokers urge borrowers to wait for deals Friday, November 7, 2008 @ 1:09PMHomeowners looking to benefit from this week’s surprise 1.5 percentage point interest rate cut have been advised by brokers to wait before remortgaging.
- MBIA reports wider third-quarter loss Friday, November 7, 2008 @ 1:34AMMBIA Inc., the Armonk-based bond insurer hurt by its exposure to subprime mortgage loans, said this morning it lost $806.5 million, or $3.48 per share, in the third quarter, compared with a loss of $36.6 million, or 30 cents a share, a year earlier.
- Credit markets remain uptight Friday, November 7, 2008 @ 12:09AMDespite signs of progress, the outlook for borrowers is still cloudy
- Color of Money Live Thursday, November 6, 2008 @ 11:59PMNeed advice about how to handle your personal finances? Whether the struggle is saving for retirement, organizing your bank files, or talking about money responsibility with your spouse or loved one, Post personal finance columnist Michelle Singletary offers her advice and answers your tough questions.
- What Fed rate cuts mean for average consumers Thursday, November 6, 2008 @ 2:48AMLast 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?
- Battered GMAC posts 5th loss in row Thursday, November 6, 2008 @ 2:31AMGMAC LLC, the financing arm of General Motors Corp. gripped by a cash squeeze, posted its fifth straight loss and said its mortgage unit may not survive.
- Ambac Wins Approval for Cash Transfer to Finance Unit (Update1) Thursday, November 6, 2008 @ 2:25AMNov. 6 (Bloomberg) -- Ambac Financial Group Inc. won a reprieve from its main regulator, allowing the bond insurer to transfer money to a unit facing a $3 billion cash shortfall triggered by a credit rating downgrade.
- LOWER LOAN RATES Thursday, November 6, 2008 @ 2:05AMRecently, the Federal Reserve cut interest 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. But what have all these cuts meant for you?
- Cerberus May Shift GMAC Stake to Investors to Get Bank Status Thursday, November 6, 2008 @ 1:53AMNov. 6 (Bloomberg) -- Cerberus Capital Management LP may forfeit control of GMAC LLC as part of a plan to convert the faltering auto-loan company into a bank with greater access to government funds, three people familiar with the matter said.
- MBIA loss widens in 3Q Thursday, November 6, 2008 @ 1:45AMMBIA Inc. reported a bigger loss in the third quarter as the Armonk-based bond insurer was again hurt by the weakening U.S. housing market and its exposure to troubled mortgage loans.
- Capmark Financial Group Inc. Reports Third Quarter 2008 Operating Results Thursday, November 6, 2008 @ 12:18AMCapmark Financial Group Inc. ("Capmark") today reported a net loss of $89.4 million for
- Fannie Mae Set to Report Record Loss as Allison Cleans House Thursday, November 6, 2008 @ 12:04AMNov. 6 (Bloomberg) -- Fannie Mae may post a record net loss in its first quarterly report since being seized by the U.S. government as Chief Executive Officer Herb Allison writes off bad debts and increases default estimates.
- Fed cuts rates again Wednesday, October 29, 2008 @ 1:24PMThe Federal Reserve cut a key short-term interest rate by a half-percentage point Wednesday and expressed continued worries about the damage being done to the economy by the ongoing crisis in the financial and credit markets.
- Sumitomo Mitsui Financial Group cuts its full-year earning target by 63 percent Wednesday, October 29, 2008 @ 12:41PMThe bank, which earlier this year bought a 2 percent stake in Barclays, said it would take a similar stake in the South Korean company KB Financial, in a deal estimated at ¥20 billion, or $207 million.
- Guest column: History fatigue and learning the right lessons Wednesday, October 29, 2008 @ 12:26PMAre we making too much history these days? Recall the well known Chinese curse: "May you live in interesting times." The amount of history made per day varies from one time period to the next. Some time periods are calm, like the 1950s, and others, like now, are full of momentous events and significant challenges. History fatigue is at least partially responsible for why we appear to be so ...
- As economy slows, lenders begin to curb credit cards Wednesday, October 29, 2008 @ 12:01PMAfter years of flooding Americans with credit card offers and sky-high credit lines, lenders are sharply curtailing both, just as an eroding economy squeezes consumers. Latest market news Market summary | More business
- Announcement On Rate Cut Expected Wednesday, October 29, 2008 @ 11:53AMThe Federal Reserve today is scheduled to wrap up its two-day policy setting session, by announcing an interest rate cut.
- Uses for $700 billion bailout money ever shifting Saturday, October 25, 2008 @ 10:42PMWASHINGTON (AP): First, the $700 billion rescue for the U.S. economy was about buying devalued mortgage-backed securities from tottering banks to unclog frozen credit markets.
- Uses for bailout money shifting Saturday, October 25, 2008 @ 9:03PM WASHINGTON -- First, the $700 billion rescue for the economy was about buying devalued mortgage-backed securities from tottering banks to unclog frozen credit markets.
- Financial chaos undermines security of 401(k) plans Saturday, October 25, 2008 @ 7:22PMFor many Americans, 401(k) plans were supposed to be their little golden parachutes into retirement.
- Harney prognosis not good Saturday, October 25, 2008 @ 6:07PMThe ill-judged proposal to drop the over-70s medical card may finally unravel the career of a minister who is no stranger to controversial decisions.
