News

2008

March

18
  • Why mortgage rates are still heading higher. The Federal Reserve is likely to cut interest rates again Tuesday, but don't expect mortgage rates to go down too. In fact, home loans could be heading higher. Consider recent history: The Fed issued an
  • End of cheap credit hits homes, businesses. Mounting turmoil in credit markets could realign the finances of households and businesses, as banks scramble to bolster their balance sheets and jettison risky customers. For consumers, it could mean fewer credit card offers. For
  • Más acciones correctivas del Fed. El Banco de Reserva Federal (Fed), que volvió a intervenir enérgicamente para evitar el pánico en los mercados, aprobará hoy otra bajada de las tasas de interés de entre tres cuartos y
  • Acceso a la vivienda, problema mundial. La crisis de las hipotecas de alto riesgo (subprime) en Estados Unidos es apenas la punta del iceberg del problema de la vivienda en el mundo y una consecuencia del modelo económico que privilegia
17
  • Fed cuts key interest rate, extends new credit. The Federal Reserve took dramatic action on multiple fronts last night to avert a crisis of the global financial system, backing the acquisition of wounded investment firm Bear Stearns and increasing the flow of money
  • Easy loans are tougher to find. From the vantage point of his small Mumbai jewelry and pawnbroking shop, Raju Soni has gained a special insight into the state of India's credit market over the last six months. Low earners, who only
  • Sub-prime mortgage watchdogs kept on leash. They could see the meltdown coming. Freelance financial watchdogs who examined the paperwork on sub-prime home loans being sold to Wall Street had an inside view of the boom in easy-money lending this decade. The
16
  • How to avoid an audit—or prepare for one. As you file your tax return, do you wonder whether you're likely to get audited? You can take some comfort in the fact that audits are remarkably rare, hitting about 1% of taxpayers each year. However,
15
  • Fighting back against corrupt appraisals. Property appraisers have been warning about it for a decade, and the real estate market is reaping the whirlwind: The home price declines around the country are partly the result of systemic, intentional overvaluations on
  • HUD wants costs made clear to borrowers. Mortgage lenders would be required to give better estimates of closing costs and improve disclosure of payments to mortgage brokers under rules proposed Friday by the President Bush and the Department of Housing and Urban
12
  • Bancos exigen más para dar préstamos. El crédito que podía obtener el lunes quizás ya no esté a su alcance el martes, pues los banqueros y prestamistas en general están endureciendo los requisitos mientras las ventas y
11
  • Countrywide probed for fraud. Federal authorities are investigating Countrywide Financial Corp. for securities fraud, according to newspaper reports. The FBI is in the early stages of an inquiry into whether executives with the Calabasas-based company misrepresented its financial position
  • 401(k)s tapped to save homes. Struggling to save their homes from foreclosure, more Americans are raiding their 401(k) retirement accounts to pay their bills — and getting slammed with taxes and penalties in the process, according to retirement plan administrators. Rather
10
  • Mortgage lenders see borrowers give up. On the front lines in the mortgage foreclosure crisis, lender and loan servicer Dennis Lauria says his deepest losses are from borrowers who owe more than their homes are worth and simply mail in the
  • Cuídate de los rescates de 'foreclosure'. Si alguna vez te sentiste tentado por un anuncio que decía: "Podemos salvar su casa. Garantizado"; o quizás: "Tenemos contactos especiales en varios bancos que pueden acelerar la aprobación de casos como
09
  • A reverse mortgage mess?. With $4 trillion of home equity wrapped up in the houses of America's senior citizens, it's no coincidence that the market for reverse-mortgage loans is finally taking off. Reverse mortgages allow homeowners 62 and older to turn
  • Stimulus rebate is stimulus to complete taxes. You've heard it before, but this year the advice gains new import: Be sure to file. If you're hoping to get your rebate from the economic stimulus legislation, you must file a tax return this
  • Use your 'foolish' refund wisely. For years I've been begging people not to use tax withholding as a forced savings tool. I understand the reasoning. Times are tight and people want some financial security, even if it means letting the
  • Costly where it counts. Stuff is cheap. Really. Yes, a gallon of gasoline is far more expensive than it was last year, but adjusted for inflation it costs about what it did in 1981. In fact, lots of things, such
08
  • Veterans loans left out of stimulus plan. When Congress and the White House put together the $150 billion economic stimulus package, they raised the maximum mortgage limits in high-cost areas for Fannie Mae, Freddie Mac and the Federal Housing Administration. But lawmakers neglected
 

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