One in Nine Contemplate Bankruptcy: Report
Housing Wire - 5 minutes ago
The survey’s results come at a time when lawmakers are attempting to pass measures that would allow bankruptcy judges to change the terms of a mortgage ...

US unemployment climbs to a 32-year high
Telegraph.co.uk, United Kingdom - 7 minutes ago
Separately, the level of mortgage foreclosure rose 18pc in the year to end January - the 37th consecutive monthly increase - despite a 10pc fall in ...

Bank CEOs defend their use of taxpayer money
AXcess News, NV - 7 minutes ago
The bankers said they have helped hundreds of thousands of homeowners avoid foreclosure and are using the government aid as seed money to make new loans. ...

$1.7 billion may flow into Colorado
Summit Daily News, CO - 7 minutes ago
In Denver, the increase should be from about $360000 to $406000 on FHA loans, estimates Chappelle, a mortgage industry consultant. ...

Davis tackles Chancellor over Cattles
Hull Daily Mail, UK - 9 minutes ago
Cattles, which lends to people with poor credit ratings, has been forced to slash new loans by 75 per cent this year due to the credit crunch. ...

Stockton home prices fall to $125K
San Mateo County Times, CA - 9 minutes ago
Now the rents that investors can get for foreclosure homes covers mortgage payments for these lower-priced houses and then some, he said, and that's why the ...

I could have made a fortune
eTaiwan News, Taiwan - 10 minutes ago
The idea of channeling the money through homeowners, which would fix just about every troubled mortgage, was rejected earlier, and the New York Times ...

The government has maxed out its credit card and applied for another
Little Chicago Review, IL - 11 minutes ago
“I think it is ironic that Congress spent last fall criticizing subprime mortgage lenders who sold over-valued homes to people who could not afford them ...

Kucinich: 'Keep People in Their Homes, the Banks Will Get Their ...
Common Dreams (press release), ME - 12 minutes ago
Now is the time for our government to take a controlling interest in mortgage-backed securities and then direct loan modification, lowering principle and ...

Faces of Foreclosure: Activist Molly Secours May Soon Be Homeless
Nashville Scene,  USA - 12 minutes ago
She sees little alternative to foreclosure in her future, but hopes her plight may help others. And for the thousands of Nashvillians who know Molly and the ...

Disaster bill is part of a larger effort
Mason City Globe Gazette, IA - 6 minutes ago
The $24 million for housing is to help victims repair existing homes, make down payments for new homes and make mortgage payments. ...

Brit women turning fun blondes to beat recession blues!
Thaindian.com, Thailand - 6 minutes ago
... “gold rush” revealed a simple change of colour was providing women with the perfect antidote to the gloom of the credit crunch, reports the Telegraph. ...

BDS adds dates to roadshow
Mortgage Introducer, UK - 7 minutes ago
Bob Hope, sales & marketing director, at BDS Mortgage Group commented: "Brokers we talk to are increasingly disgruntled with severe commission payment ...

Paymentshield on Sesame Premier Panel
Mortgage Introducer, UK - 7 minutes ago
Paymentshield will have a direct link from The Key, Sesame’s chosen mortgage point of sale system, to Paymentshield’s Inertia software, allowing Sesame ...

Homeowners could save over £330 million a month
Mortgage Introducer, UK - 8 minutes ago
For ‘Downsizers', Moneyextra.com found that those extending the term of their mortgage and downsizing from a £200000 mortgage on a £250000 property to a ...

Brokers should cover direct-to-lender products
Mortgage Introducer, UK - 8 minutes ago
Home Buyer Systems has used feedback from users of its HBSLite sourcing system to reveal the top six direct-to-lender mortgage products they are currently ...

AMI responds to final report into PPI
Mortgage Introducer, UK - 8 minutes ago
Commenting, Robert Sinclair, director at the Association of Mortgage Intermediaries (AMI), said: “AMI is disappointed that the Commission has not recognised ...

OC&C Christmas Trading Index: A sigh of relief
Retail Week (subscription), UK - 8 minutes ago
Most people still have a job, mortgage payments for many have gone down and people had presents to buy." But OC&C associate partner Tom Gladstone adds that ...

Kansas to get $21 million to fight blight
Kansas.com, KS - 11 minutes ago
Nearly 3.2 million foreclosure filings on more than 2.3 million properties nationwide were reported in 2008, according to RealtyTrac, a Web site that ...

Recession poses challenge for census of the homeless
Denver Post, CO - 11 minutes ago
... found untold numbers of hard-luck stories from those homeless for the first time, working poor victimized by the foreclosure and unemployment crises. ...