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