Archive for January, 2009

MagnetBank of Utah Seized, Fourth Bank Closed in 2009 (Update1) (Bloomberg)

Saturday, January 31st, 2009

Jan. 30 (Bloomberg) — MagnetBank of Salt Lake City was seized by a Utah regulator, the fourth U.S. bank to fail this year, as tumbling home prices and a 16-year high in unemployment bolsters foreclosures.

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Consumer Watch: Foreclosure threat despite Ike (Houston Chronicle)

Saturday, January 31st, 2009

Alison Putman?s Kemah home has been uninhabitable since it was flooded during Hurricane Ike, but she?s still getting letters from a new mortgage company that says she could face foreclosure.

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More find selves in financial vise (The Post and Courier)

Saturday, January 31st, 2009

Water pipes will burst and fires will ravage homes. Which is why Brad Hager thought his job as a damage assessor at an insurance company was secure, even in a nasty recession. But executives at his small company decided to cut back as a precaution, leaving Hager unemployed and worried about making mortgage payments on the Summerville home where he and his wife, Melissa, are raising two young …

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Devil in detail of bargain buys (The Salinas Californian)

Saturday, January 31st, 2009

With more and more homes facing foreclosure, some homebuyers are considering acquiring a foreclosed property as a way to save money on buying a home.

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Instant View - Mortgage approvals show surprise rise in December (Reuters via Yahoo! UK & Ireland News)

Friday, January 30th, 2009

Lenders approved more home purchase loans than expected in December and mortgage lending rose more than three times faster than analysts predicted, Bank of England data showed on Friday.

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Realty Q&A: The key to refinancing today is the equity you have (Market Watch)

Friday, January 30th, 2009

Is it possible for me to refinance my home even though the value of the house is about the same as the loan I have that will reset next year (5-year, interest-only). I am in the Southern California area which has been hit by the loss of home values.

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(AFX UK Focus) 2009-01-30 10:00 INSTANT VIEW 5-UK mortgage approvals show surprise rise in Dec (Interactive Investor)

Friday, January 30th, 2009

LONDON, Jan 30 (Reuters) - British lenders approved more home purchase loans than expected in December and mortgage lending rose more than three times faster than analysts predicted, Bank of England data showed on Friday.

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When You Should Switch Your Mortgage Early (The Motley Fool)

Friday, January 30th, 2009

If you?re regretting your decision to go for a fixed rate mortgage, find out if there?s anything you can do about it here.

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Fort Lauderdale Real Estate - How To Find The Right Home With The Best Price (Turks.US)

Thursday, January 29th, 2009

We can never deny that we often look at the price first before purchasing a home. Despite the needs of a quality residence with luxurious and elegant features, we often base our purchase according to how much the home is priced, as well as the budget we have for the acquisition.

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20 money-savers that add up (CNN)

Thursday, January 29th, 2009

Every household has financial leaks — the surprising ways in which money escapes. Find out how to plug them up.

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