Refinance house loan
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 and nationwide have to jump through added hoops or pay a little more in interest or fees, local bankers and mortgage brokers said.
(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 as much as 47 percent.
Check stocks for effects of credit squeeze (San Francisco Chronicle)
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…
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