Mortgage and Financial News From 2008-7-2 Page 6
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Making sense of all those dollars (Inside Bay Area)
What a glorious time to be a Bay Area sports fan. Sure, we all work hard. And now inflation takes as big a bite out of our paychecks as traffic has always taken out of our time at home.
2008-07-02 01:55:18 -
LEE COUNTY BOARD (Keokuk Daily Gate City)
The Lee County Board of Supervisors met on Tuesday, June 3, 2008 at 9:00 A.M. at the North Lee County Office Building in Fort Madison. Present: George Morgan, Larry Kruse, Rick Larkin, Bob Woodruff and Ernie Schiller.
2008-07-02 11:39:22 -
UPDATE 1-BOK Financial sees 4-fold rise in loan loss provision - Reuters
July 2 (Reuters) - BOK Financial Corp (BOKF.O: Quote , Profile , Research , Stock Buzz ) forecast a more than four-fold increase in provision for loan losses for the second quarter, sending its shares down as much as 10 percent. The Oklahoma-based ...
2008-07-02 10:13:00 -
Obama's mortgage stirs smoke, but no fire - Salon
In recent weeks we've seen some controversies, most notably surrounding Sens. Chris Dodd, D-Conn., and Kent Conrad, D-N.D, in which certain politicians received dubious mortgage discounts, thanks to personal connections. Based on the evidence, it ...
2008-07-02 06:53:00 -
Families take out loans to meet mortgage and rental payments - Daily Telegraph
Rising mortgage and rental costs have forced 1.8 million to take out a personal loan in the past year, a report has found. According to the personal finance website MoneySupermarket.com, 7 per cent of households – equating to 1.8 million families ...
2008-07-02 09:45:00 -
'Kit' a bit too perfect herself, but supporting cast saves the film (The Capital Times)
In a time when it's commonplace for 9-year-old girls to get their nails done and wear thong underwear, it's easy for adults to shake their heads and say, "It wasn't like that when I was their age." Of course, being 9 hasn't really changed, but it's hard to see that through the sexualized, materialistic story told by Bratz and Barbies. "Kit Kittredge: An American Girl" captures what it's like to ...
2008-07-02 11:22:47 -
State, banks unveil $200 million mortgage program for veterans (BizJournals)
Veterans will have access to low- or no-down payment mortgages under a $200 million private funding in a program announced by Gov. Deval Patrick Wednesday. (FNM)
2008-07-02 11:26:14 -
CIT Group Is Selling Off Bad Loans (NYTimes.com via Yahoo! Finance)
The CIT Group said it had agreed to sell nearly $10 billion of mortgage assets in a deal that would remove problem loans from its balance sheet. Its shares rose almost 30 percent.
2008-07-02 11:36:28 -
Survey Reveals Mortgage Servicers Still Not Helping Troubled Borrowers Keep Their Homes (PR Newswire via Yahoo! News)
Home loan servicers and lenders are not working with borrowers who need loan modifications in order to keep their homes. In a third survey of California mortgage counseling agencies servicing homeowners statewide, the California Reinvestment Coalition (CRC) found that despite lenders promises to help borrowers, foreclosure is still the most common outcome for homeowners struggling to make ...
2008-07-02 11:51:00 -
Schwarzenegger backs mortgage default warning bill (Reuters via Yahoo! News)
Amid a surge in foreclosures in California, Gov. Arnold Schwarzenegger threw his support behind a bill on Wednesday that would require mortgage lenders to give a 30-day notice to borrowers falling behind on payments before filing default notices.
2008-07-02 11:54:25 -
Pace of housing rescue slows, as foreclosures rise (CNN Money)
Hope Now, the mortgage industry alliance of lenders, servicers and housing counselors, reported Wednesday that it helped roughly 170,000 homeowners avoid foreclosure in the month of May.
2008-07-02 12:02:07 -
Pace of mortgage aid by industry dropped in May (AP via Yahoo! Finance)
The pace of the mortgage industry's efforts to assist troubled borrowers declined in May, as critics questioned lenders' progress in aiding U.S. homeowners facing foreclosure.
2008-07-02 12:03:57 -
Lender now a lawsuit target - Herald Tribune
That all changed Tuesday when Bank of America Corp. completed its purchase of the embattled company, making the Charlotte, N.C.-based bank the nation's leading mortgage originator and servicer and putting it on the hook for the results of any suits.
2008-07-02 02:14:00 -
Weed them out (Moneymanager)
Ask David Tennant which bank fee he dislikes the most and he has no hesitation in nominating the deferred establishment fee on a home loan. Tennant is the principal solicitor at the Consumer Law Centre of the ACT and he often deals with clients who are trying to avoid foreclosure on their mortgages.
2008-07-01 08:29:03 -
Lender now a lawsuit target (The Sarasota Herald-Tribune)
Seeking restitution from Countrywide Financial Corp. through the lawsuits filed by attorneys general in Florida, California and Illinois might have seemed a fool's errand when the big mortgage player was reeling toward bankruptcy this year.
2008-07-01 09:17:22