In California’s Central Valley, one of the nation’s foreclosure epicenters, it seems that the only real estate brokerage business with potential buyers to spare is Repo Home Tours, a bus operator that takes weekly jaunts through the hard-hit Read More

As credit tightens and the cost of finance increases many business owners are finding it more difficult to meet loan repayment schedules. They may come into contact for the first time with a department in their bank that is responsible for ensuring Read More

(Aug. 6) - Refinancing your mortgage may not be impossible right now, but it sure will require a lot of work. A confluence of factors has come together to make mortgage lending difficult in the slumping market, and the problem is particularly Read More

(Aug. 6) - Refinancing your mortgage may not be impossible right now, but it sure will require a lot of work. A confluence of factors has come together to make mortgage lending difficult in the slumping market, and the problem is particularly Read More

I recently got a hold of Trulia CEO Pete Flint for his thoughts on how the new housing legislation would impact house prices and home foreclosures . Excerpts: How significantly will the legislation affect the decline of U.S. home prices? Our research Read More

A Barclays branch in London. British bank Barclays said that net profit slumped 35 percent in the first half, hit by write-downs of 2.1 billion dollars (1.4 billion euros) for the US subprime housing and credit crises. (AFP/File) British bank Read More

There’s been a lot of talk of the government’s “bailout” of Fannie Mae and Freddie Mac , but the recent legislation just authorized Treasury intervention if necessary. So far, the only government money spent is a $94,000 fee to Morgan Stanley Read More

America's Most In-Debt Households Forbes, NY - Aug 5, 2008 Poor underwriting of mortgages, bad lending that required no income documentation, and subprime loans made to buyers who presented only a utility bill for …

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How to Stop the Foreclosures Black Agenda Report, NJ - 14 hours ago As long as housing prices were increasing, homeowners could always refinance their mortgages and get a new teaser rate for another few years. …

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Market Forecasting Tutorial: Gauging Sentiment, Part 1 Trading Markets (press release), CA - 3 hours ago In other words, bad news was taken as good news. Why was it bad news? Because it showed that the mortgage and credit problems were going to be severe. …

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Market Forecasting Tutorial: Gauging Sentiment, Part 1 Trading Markets (press release), CA - 3 hours ago In other words, bad news was taken as good news. Why was it bad news? Because it showed that the mortgage and credit problems were going to be severe. …

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America's Most In-Debt Households Forbes, NY - Aug 5, 2008 Poor underwriting of mortgages, bad lending that required no income documentation, and subprime loans made to buyers who presented only a utility bill for …

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How US home loans spelled global crisis The Standard, Hong Kong - 5 hours ago The US housing meltdown was brought on by years of a cheap mortgage credit that left many homeowners facing huge debt they were unable to refinance when …

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RGE Monitor

The Re-Regulation of the Financial Services Sector RGE Monitor, NY - 12 hours ago And as long as housing kept appreciating, borrowers were able to refinance themselves out of trouble – often repeatedly. Finally, the post-Great Depression …

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Toll-payers finally win a pair Wicked Local West Roxbury, MA - 6 hours ago Faced with the possibility that some bad refinancing decisions by Pike management in 2002 could saddle the Pike with unanticipated interest costs of as much …

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Struggling retailer Boscov’s Inc. filed for Chapter 11 bankruptcy protection on Monday and said it would close its store at Monmouth Mall in Eatontown. The Reading, Pa.-based chain’s other area store at the Ocean County Mall in Toms River will remain Read More

Two thousand couples who have wedding lists with the online gift service Wrapit face losing £5million of presents after the company was put into administration. Newlyweds face the difficult task of contacting an estimated 100,000 guests to tell them Read More

RGE Monitor

The Re-Regulation of the Financial Services Sector RGE Monitor, NY - 2 hours ago And as long as housing kept appreciating, borrowers were able to refinance themselves out of trouble – often repeatedly. Finally, the post-Great Depression …

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The Next Implosion istockAnalyst.com, OR - 46 minutes ago Most of these loans are too far underwater on home value to refinance, as the homeowner would have to come with a huge check to close - a check they don't …

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Thousands hit as wedding list firm Wrapit shuts down Times Online, UK - Aug 4, 2008 Guests who used a credit card to buy gifts costing more than £100 should have little difficulty getting their money back. However, at least 20000 people who …

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Yield curve helps banks but credit troubles loom Reuters - Jul 30, 2008 "They probably will keep short-term rates low through the election and give banks the chance to refinance themselves," said Jim Cusser, …

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Trulia CEO on the Housing Legislation U.S. News & World Report, DC - 6 hours ago When you refinance, you are making a deal with the government that when you sell your property, you will share the profits with them. …

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Job cuts loom in Suncorp's stormy outlook The Age, Australia - Aug 4, 2008 A well-capitalised buyer such as these private equiteers could refinance the assets and access cheaper funding. And it is unlikely the bidders have fired …

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Greedy banks ripping you off Melbourne Herald Sun, Australia - Aug 2, 2008 The higher profit margins have come after the banks' exposure to the US-led credit crisis, including the NAB's writing off of $1 billion in bad debts and …

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NY Times picks up the prime meme, but misses the point Housing Wire - 22 hours ago Over the years, some loans will be paid off as homeowners sell or refinance, and some homes will be foreclosed upon and sold. That reduces the number of …

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Banks' unhappy anniversary guardian.co.uk, UK - Aug 2, 2008 But his words could just as easily apply today, as we approach the first anniversary of the credit crunch. Banks are still writing off bad debt linked to …

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THE MOST COMMON PROBLEMS UNDERWRITING A LOAN APPLICATION American Chronicle, CA - Aug 3, 2008 The borrower is 40+, his social security number begins with a 1, and he has no credit at all. It may be because he is from back east, had bad credit, …

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Two thousand couples who have wedding lists with the online gift service Wrapit face losing £5million of presents after the company was put into administration. Newlyweds face the difficult task of contacting an estimated 100,000 guests to tell them Read More

in some cities, like millerville, the greedy little scums who run that sub-country dumped on the buyers a so-called land transfer tax, in addition to the already existing provincial load. they were warned that such a tax could lead to market Read More

Struggling retailer Boscov’s Inc. filed for Chapter 11 bankruptcy protection on Monday and said it would close its store at Monmouth Mall in Eatontown. The Reading, Pa.-based chain’s other area store at the Ocean County Mall in Toms River will remain Read More

Job cuts loom in Suncorp's stormy outlook The Age, Australia - 16 hours ago A well-capitalised buyer such as these private equiteers could refinance the assets and access cheaper funding. And it is unlikely the bidders have fired …

Read More…

NY Times picks up the prime meme, but misses the point Housing Wire - 12 hours ago Over the years, some loans will be paid off as homeowners sell or refinance, and some homes will be foreclosed upon and sold. That reduces the number of …

Read More…