Mortgage lenders are failing to follow rules designed to help people avoid repossession, according to a damning report published today.
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Archive for December, 2009
Local News (u.tv)
Tuesday, December 15th, 2009More entrepreneurs use the Web to attract lenders and investors (New York Daily News)
Tuesday, December 15th, 2009Chris Daly, co-owner of a business that operates two fitness studios in Manhattan, wanted to devote more money for promotion, but he was tapped out. He didn’t want to borrow more on his credit cards and banks turned down his loan requests.
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Home buyers need good credit score even with 20% down payment (USA Today)
Tuesday, December 15th, 2009Fannie Mae is requiring mortgage borrowers with a 20% down payment to have a credit score of at least 620. What you can do to boost your score.
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Across the USA News from every state (USA Today)
Tuesday, December 15th, 2009News from every state
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Turn on the home-equity tap again (CNN Money)
Tuesday, December 15th, 2009The home-equity line of credit fueled thousands of extreme kitchen makeovers during the real estate boom. But the housing bust and the credit crisis stopped the HELOC party with a vengeance: Tens of thousands of homeowners had their lines cut or frozen, and most lenders stopped issuing new ones altogether.
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Hold the government, not the opposition, to account (Crikey)
Monday, December 14th, 2009Letters from City of Sydney Councillor Irene Doutney, Immigration Dept spokesperson Sandi Logan, plus other Crikey readers on 50-cent Christmas card stamps, climate change, Westpac and more.
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House prices fall for second month in a row (Daily Telegraph)
Monday, December 14th, 2009Property asking prices fell for the second month in a row during December, according to Rightmove.
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Real estate: Get you home-buying ducks in a row to save cash (The Fort Collins Coloradoan)
Monday, December 14th, 2009The extension of the $8,000 tax credit for first time buyers and addition of the $6,500 tax credit for people who have owned their homes five of the past eight years has more buyers out looking at homes this holiday season.
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FIGHTING TO KEEP THEIR HOMES (Asbury Park Press)
Monday, December 14th, 2009Kathy Schwed spends her days teaching special education. She spends her nights caring for her 11-year-old triplets, two of whom have autism. There isn’t much free time in between. What time she has, though, has been spent trying to convince Sovereign Bank, the company that services her mortgage, to give her family a break so that they can stay in their home. “What we have in love, I wish we had …
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A slowdown spirals into a meltdown (Detroit Free Press)
Sunday, December 13th, 2009Holiday Chevrolet was empty — no cars on the lot, no salespeople in the showroom, no vehicles with hoods up in the service bays.
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