Headline News Archive

2007

November

09
08
  • Debt management plans can help consumers. Consumers struggling to keep up with higher gas prices and other rising household expenses have been pulling out their credit cards more often — sometimes…
  • Homeowners feel pinch of lost equity. As his wedding day approached last spring, Marshall Whittey [of Reno, NV] found that his money could not keep pace with the grandiosity of his…
06
05
  • Subprime bailouts: Chump check. Not everyone is happy about mortgage lenders' latest efforts to help troubled borrowers. Take Teresa Nelson. Instead of going for an adjustable rate mortgage with…
04
  • Struggling with less. Layoffs and subsequent lower-paying jobs have taken a toll on Terri and Kevin Beirne of Orlando, Fla. Four years ago, they both were laid off…
02

October

31
  • Fed cuts key rate another quarter-point. The Federal Reserve cut a key short-term interest rate by a quarter-point to 4.5% on Wednesday, seeking to support troubled financial markets and shore up…
30
  • Viviendas: Horizonte pesimista. Ante la caída en los precios de la vivienda en Estados Unidos, que ha afectado en particular a California, las perspectivas no son optimistas. Al…
29
  • Lead threat to kids can be at home. The house is not the biggest on the block, but Blanca de la Cruz's brick bungalow, on a quiet street south of downtown Milwaukee, is…
27
  • FHA reform: Stuck in neutral?. Distress in the mortgage market is generating a wave of relief bills on Capitol Hill, including one that would allow homeowners to tap into their…
26
24
  • Insurance claims could haunt houses. If past history is any measure, many homeowners affected by the wildfires burning throughout Southern California will find that claims they submit to insurers will…
  • Countrywide anuncia ayuda a sus clientes. Countrywide Financial, la empresa de préstamos hipotecarios más grande de Estados Unidos, dijo este martes que ofreció a unos 82 mil de sus clientes —cuyas…
23
  • Bill would tighten mortgage lending standards. Barney Frank, chairman of the House Financial Services Committee, yesterday unveiled legislation aimed at curbing abusive lending practices that, he said, have fueled an alarming…
  • Largest lender to redo $16B in loans. Countrywide Financial plans to announce Tuesday that it will restructure or refinance $16 billion in adjustable-rate mortgages that have recently reset to higher rates or…
  • Criticism rains down on mortgage industry. Chetera Miller, a credit counselor for Neighborhood Housing Services of Chicago, has noticed that lenders are becoming more willing to cut deals with delinquent borrowers.…
22
  • Buyers pounce on foreclosures. MINNEAPOLIS, Oct. 21 — In a down real estate market, they came to buy. They came early, they came in numbers and they came with…
 

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