Wall Street’s meltdown has put the squeeze on all sorts of lending, and home loans are no exception. Now, even some very well-qualified home buyers are getting turned down for mortgages.
Hypo shares crash after loan deal (BBC News) Shares in German lender Hypo Real Estate tumble after a loan from a consortium of banks. [...]
Russia announced new measures to stave off a liquidity crisis yesterday as Vladimir Putin, the Russian prime minister, said a state-controlled bank would extend $50bn ( 34.7bn, 27.7bn) in loans to help the country’s debt-laden companies and banks pay off foreign loans.
Centro wins loan extension (Herald Sun) SHARES in [...]
I wish to refinance my rental property (a townhouse). I have been advised that doing a cash-out refinance isn’t possible in today’s climate, and that if I want to take cash out of the transaction, I have to refinance using an equity loan.
Fortis Forced Into Rescue [...]
The NMI Retirement Fund is looking at selling its housing loan assets in a bid to streamline its portfolio.
Akzo Puts $2.3 Billion Buyback on Hold as Debt Looms (Update3) (Bloomberg) Sept. 29 (Bloomberg) — Akzo Nobel NV postponed a 1.6 billion-euro ($2.3 billion) stock repurchasing plan, sending shares of the paint maker down the [...]
The revised $700 billion bailout legislation unveiled Sunday calls for the Treasury Secretary to implement a plan to stem foreclosures and to work with servicers to modify loans.
A harder time finding home loans (The Buffalo News) It’s going to be more difficult and expensive to get a mortgage, as consumers in Western New York [...]
(Adds comment, changes dateline from SYDNEY)
(AFX UK Focus) 2008-09-29 03:06 UPDATE 1-Australia’s Centro gets loan extension, shares soar (Interactive Investor) MELBOURNE, Sept 29 (Reuters) - Centro Properties Group Ltd , one of Australia’s highest profile casualties of the global credit crisis, has won an extension on a $1.3 billion loan, sending its shares up [...]
A lawsuit brought by a Wisconsin couple who accused a bank of deceptive lending practices and wanted to cancel their home loan has been stripped of class-action status in a victory for U.S. banks.
Golden West deal has hobbled Wachovia (The Charlotte Observer) Wachovia’s biggest deal ever the 2006 purchase of [...]
Family farmers in five Nebraska counties can now apply for low-interest emergency loans to help them recover from damages caused by severe weather.
Bailout: What’s in it for homeowners (CNN Money) The revised $700 billion bailout legislation unveiled Sunday calls for the Treasury Secretary to implement a plan to stem foreclosures and to work with [...]
A lawsuit brought by a Wisconsin couple who accused a bank of deceptive lending practices and wanted to cancel their home loan has been stripped of class-action status in a victory for U.S. banks.
Florida to get $541 million in foreclosure funds (Miami Herald) The state of Florida will receive $541 million in new federal [...]
Congress’ bailout bill will, we hope, help stabilize the credit markets, but investors must still evaluate each of their stocks for credit risks individually. As you probably know, the credit market problems stem from bad mortgage loans that were bundled and… [...]
The assets of the nation’s largest savings and loan were seized Thursday by the government and sold to JP Morgan Chase for $1.9 billion dollars. The sale spares the government from having to spend more taxpayer dollars on what would have been a costly bailout.
JPMorgan Chase Buys Washington Mutual (NPR) The federal government seized [...]
Mortgage rates are down and you’re not going to bother trying to sell your home anytime soon. Should you spend the money to refinance and lower your payments? Can you qualify? [...]
Mortgage rates are down and you’re not going to bother trying to sell your home anytime soon. Should you spend the money to refinance and lower your payments? Can you qualify? [...]
