Archive for August, 2008
Thursday, August 7th, 2008
Special Report: home equity loansIndianapolis Star, United States - 10 hours agoMajor banks throughout the nation have frozen the home equity credit lines of thousands of property owners. Banking officials say the credit lines are being …
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Tampabay.com
EXCLUSIVE: FDIC Nixed Private Equity Bid For Failed BanksTheStreet.com - 12 hours agoHowever, Belvedere wanted the FDIC to give it […]
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Wednesday, August 6th, 2008
WILMINGTON, N.C., Aug. 4, 2008 (PRIME NEWSWIRE) — Cape Fear Bank Corporation (the “Company”) (Nasdaq:CAPE) today reported a net loss of ($599,000) or ($0.16) per diluted share for the second quarter of 2008 compared with net income of $499,000 or $0 Read More
Aug. 6 (Bloomberg) — Morgan Stanley , the second-biggest […]
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Tuesday, August 5th, 2008
Yes, That's $2 Trillion of Debt-Related LossesBarron’s - Aug 3, 2008There are hundreds of millions of dollars outstanding in home-equity loans that eventually could be worth zero, too. So far, we have seen no recession in …
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Ocean Bank loses $64M, troubled loans doubleBizjournals.com, NC - 2 hours agoIt finished the second quarter with $496.6 million in […]
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Tuesday, August 5th, 2008
Call for State equity loan to help first-time buyersIrish Times, Ireland - 15 hours agoA GOVERNMENT equity loan scheme of up to 30 per cent of the price of a new home should be introduced for qualified first-time buyers, the Affordable Homes …
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Fannie Mae, Freddie Mac to Report Losses Through 2008 (Update3)Bloomberg - 14 minutes agoFreddie […]
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Monday, August 4th, 2008
Was Credit Stress in 2Q the Bottom? Few Think SoFinancial-Planning.com, NY - 9 hours agoCredit losses related to falling house prices produced high-profile hits for residential construction portfolios, prime mortgages, and home equity loans, …
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Consumer Smarts: Mortgage insurance doesn't have to be foreverSeattle Post Intelligencer - 1 hour agoThe lender also can ask that you don't […]
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Monday, August 4th, 2008
Harry Gross: Getting a no-interest car loan can be a detour to …Philadelphia Daily News, PA - 9 hours agoFor the same reason, I have always discouraged using home-equity loans as a means of paying for cars despite their generally lower interest rates. …
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Experts try to quell fears as economic woes mountTribune Review, PA - Aug 2, […]
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Monday, August 4th, 2008
Congress yesterday passed a major overhaul of federal higher-education programs aimed at expanding financial aid and bringing greater clarity and disclosure to the student loan process. By overwhelming bipartisan votes, the House and Senate approved Read More
Plunging real estate values have dried up one of consumers’ most frequently tapped sources of […]
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Monday, August 4th, 2008
With city’s help, Fort Worth homeless woman goes from filthy campsite to an apartment Hip Pocket Theatre’s ‘Dreams Do Not Care’ is contemplative genius Arlington steps up crackdown on gambling, seizes eight-liners ‘Little yard sale’ to help WWII vet Read More
IT HAPPENS every spring. School winds down, college acceptance letters trickle […]
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Monday, August 4th, 2008
Telegraph.co.uk
Northern Rock customers face negative equityTelegraph.co.uk, United Kingdom - 6 hours agoOn those forecasts, almost £20bn of Northern Rock's £90bn loan book will be in negative equity by the end of next year, making it difficult for those …Rock retains North East support BBC Newsall 5 news articles
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Boston Globe
Experts try to quell fears as economic […]
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Sunday, August 3rd, 2008
Northern Rock, the state-owned bank, will reveal this week that roughly one in five of its mortgage customers faces negative equity next year as it unveils a heavy loss for the six months to June. About 5 per cent of the nationalised lender’s Read More
Like millions of Americans, Bill and Helen […]
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