JPMorgan dumps tradition
Pensions & Investments, IL - Joel Chernoff
By assuming that “fat-tail” events — such as the 1998 Russian debt default crisis, the bursting of the tech-stock bubble in 2000 and the current subprime mortgage disaster — happen more frequently than expected, using standard deviation as a measure of ...

Alisa Diez: Senators against common folks
Online Athens, GA - Alisa Diez
The average Georgian, whose expertise in mortgages and real estate doesn't begin to compare to that of the bankers, made a mistake when he entered into his mortgage contract. For his mistake, the average Georgian gets thrown out on the street with his ...

Ownership pride retains benefits
Gloucester County Times - NJ.com, NJ
Much of the mortgage crisis and the economic downturn it triggered have been blamed on government policies that too aggressively pushed home ownership over renting, and credit practices that allowed homebuyers to take on more debt than their incomes ...

New administration, same budget tricks
Knoxville News Sentinel, TN
The president proposed covering part of the cost by imposing a 28 percent cap on the value of tax deductions, including write-offs for charitable donations and home mortgage interest, for families earning more than $250000 a year. ...

More from CAG's 2007/08 report: Govt auditor queries $7m loan to ...
ThisDay, United Republic of Tanzania
According to the CAG's report, the title deed for the Mbeya-based company - along with the mortgage deed for the property - were not availed to government auditors for verification. It is stated that NSSF issued the unsecured investment loan to the ...

Fit Fins in the swim of things in Chino Hills
Inland Valley Daily Bulletin, CA - Matt Wrye
Kevin, who also owns All Star Realty and Mortgage Inc., got a taste of the economy's downturn when the Inland Empire's housing boom went bust. But he's got a feeling Fit Fins might be recession-proof, he said. "I'm going to keep chugging along," Kevin ...

Renegotiated loans will ease fallout, one broker says
Palm Beach Post,  United States - Jeff Ostrowski
Many observers predict the foreclosure action against the historic Comeau Building will prove just the start of a wave of defaults by commercial landlords in Palm Beach County. While most tales of mortgage foreclosures have centered on homeowners and ...

Growth in credit slows rapidly
Business Report, South Africa - Ethel Hazelhurst
Jacques du Toit, a senior property analyst at Absa, said mortgage loans rose 11.3 percent year on year, which is sharply down from growth of 23.2 percent in March last year and the lowest since March 2003. Growth in residential mortgages fell to 7.9 ...

Story posted to Web: Sunday, May 3, 2009 04:45PM
The Register-Guard, OR - John Tyler
Chris Dodd pushed Fannie Mae and Freddy Mac into making loans to unqualified borrowers who should never have been given loans. They are both crooks and should be kicked out of public office. President Obama wants to turn this country into a socialist ...

TREASURIES-Prices mixed at midday; supply ahead
Alibaba News Channel, NEW YORK
The Fed is especially interested in keeping 10-year interest rates low because they influence mortgage rates which, if they stay low enough, could help foster a housing recovery. Stone & McCarthy Associates analyst John Canavan said technical levels of ...

WASHINGTON - Four affordable housing developments are recipients of the HUD Secretary's Housing and Community Design Award for excellence in residential housing design. The U. S. Department of Housing and Urban Development, in conjunction with the American Institute of Architects, selected Homeless Assistance Center of Dallas, Texas; Project Place - Gatehouse of Boston, Massachusetts; Bridgeton Neighborhood Revitalization of Bridgeton, New Jersey; and Irvington Terrace of Irvine, California.

1. Finding one has become easier

The Obama administration lost a bid to add a powerful weapon in its fight against foreclosure Thursday, after the Senate voted down a proposal to allow bankruptcy judges to modify mortgages.

Lenders continued to rewrite troubled mortgages at a fast clip during March, but the weakening economy still sent foreclosure starts soaring to a record high.

Unhappy homebuilders make for unhappy stock market investors.

The nation's air has gotten marginally better over the past 10 years, according to an annual report released Wednesday, but many cities still suffer from severe pollution problems.

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WASHINGTON - U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to 20 storm-ravaged counties in Alabama and provide support to homeowners and low-income renters forced from their homes following last month's severe storms, flooding, tornadoes and straight-line winds.

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The Obama administration said Tuesday it is expanding its foreclosure prevention program to cover second mortgages and to direct more troubled borrowers to the Hope for Homeowners program.