Refinance Mortgage - Waking Up to the Recession
Waking Up to the Recession
Stockhouse Canada - Now all you have to do is stare at your paycheck and your negative home equity,’ frets University of Chicago Graduate gaining support from some liberals and conservatives alike is the creation of a modern-day version of the Home Owners’ Loan Corp
Business briefs: State tops in U.S. in mortgage fraud
Herald Tribune - The group, formed by a merger of the NASD and some regulatory functions of NYSE Group, warned that a reverse mortgage — an interest-bearing loan secured by the equity in a home — can jeopardize their financial futures.
IBD’s Top 10 - Friday
CNN Money - Also, Fitch Ratings sees banks’ home equity loan losses rising. Violent Protests Erupt In Tibet 10 Demonstrators in the capital, Lhasa, set fire to shops and cars as protests of China rule turned into riots.
Countrywide Loss Doesn’t Deter BofA
Yahoo Finance - Calabasas, Calif.-based Countrywide posted its second consecutive quarterly loss as rising home loan delinquencies forced it lender also recorded an impairment charge of $831 million during the quarter tied to securities backed by prime home equity
Bernanke Vows to Help Homeowners
Forbes - mortgages permitted homebuyers and investors to purchase properties beyond their means, often with little or no equity,” he lenders from engaging in a pattern or practice of lending without considering a borrower’s ability to repay a home loan from