Mortgage and Financial News From 2007-10-8 Page 11

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  • Real estate bust hits home in Ariz. (Casper Star-Tribune)

    QUEEN CREEK, Ariz. -- Out on Phoenix's suburban fringes, where cement mixers are fast colonizing what's left of the hay and cotton fields, the day is winding to a close. The home hour has arrived.
    2007-10-08 01:22:17

  • Credit crisis casualties

    Daily Telegraph - The first bank to quantify its problems, it took a $1.76bn (£900m) provision against bad sub-prime debt ... The bank is to take a €2.2bn (£1.5bn) hit, including a $1.5bn charge on structured credit products and residential mortgage-backed securities
    2007-10-07 08:55:00

  • Boom turns to bust in more places than Florida

    Herald Tribune - Queen Creek and Maple Heights are typical of communities built with easy credit ... Every twelfth house stands empty, repossessed after its owner defaulted on a mortgage ... 75-year-old mother, Betsy Poole, got into trouble for letting her lawn look bad ...
    2007-10-08 08:43:00

  • Analysis: Celebration's a little early

    Cincinnati Enquirer - ... most of the bad news regarding the credit and housing crises is already out and better times are ahead – even though there is very little evidence pointing that way. That explains all the rejoicing for banks taking huge writedowns on their mortgage ...
    2007-10-08 06:56:00

  • Australian housing: affordability crisis worsens

    Banking Business Review - Sydney has been most affected, with median house rents reaching A$400 for the first time. Meanwhile, mortgage lenders have been raising their mortgage rates in the wake of the global credit crunch. Moreover, there is further bad news for both renters ...
    2007-10-08 03:00:00

  • Jen Vuk: Wizard casts a scary spell

    News.com.au - ... with about two-thirds of Australians paying off a mortgage, it's heartbreaking to read about the rise in home repossessions. Reputable lenders such as RAMS Home Loan (and its 45,000 customers) have fallen victim to a credit squeeze caused by the bad ...
    2007-10-08 07:39:00

  • Credit markets bouncing back

    NorthJersey.com - Most of the bad news is behind us, and we're likely to see positive surprises." Record subprime mortgage defaults in the U.S. roiled credit markets and resulted in lower stock prices. The Morgan Stanley World Index fell 11 percent in less than a month ...
    2007-10-08 03:28:00

  • Ron Deutsch...you're an asshole and probably a Bogart.

    Austin Chronicle - But c’mon, given a choice between turning down a home loan to someone with bad credit who will probably never be able to make the mortgage payments or taking some of that profit to sponsor the Arctic Monkeys in concert, well I think everyone in ...
    2007-10-08 08:43:00

  • Investors oblivious to continuing risks of credit crunch

    Chicago Tribune - With the stock market at a record high, it's as if the panic over billions of dollars of bad debt ... are not seeking the protection they will need as the economy weakens under the weight of tighter credit and consumers suffocating on mortgage ...
    2007-10-08 07:03:00

  • Get to know more about bad credit

    Best Syndication - Nobody wants to be branded as a bad credit holder. But, if intentionally or unintentionally you have earned this dubious distinction then you need not worry. There is definitely a way out of this situation. Many questions must be arising in your mind ...
    2007-10-08 09:05:00

  • Money Now USA Now Adding Sub-prime Personal Loans to Help Borrowers Catch Up on Mortgage Payments (PR Newswire via Yahoo! Finance)

    MoneyNowUSA.com, a Scottsdale, AZ-based online loan service, has just added sub-prime personal loans enabling borrowers to get caught up on mortgage payments. This new sub-prime loan product will allow borrowers to take out an unsecured loan for up to $15,000.
    2007-10-08 05:25:00

  • Credit crisis casualties (Daily Telegraph)

    Get the latest business and finance news from the Telegraph. Your source for finance, investing, mortgage and savings news
    2007-10-07 06:16:57

  • Some business owners see signs of tighter credit (Louisville Courier-Journal)

    The signs can be subtle, like a change in reporting requirements on a line of credit, or they can be quite blatant, such as the denial of a loan application.
    2007-10-08 02:59:36

  • Lenders who are predators can financially kill their prey (Tulsa World)

    Dear Action Line: What is "predatory lending?" My son, who graduated college with $130,000 in college-loan debt and bad credit, is aching to take this loan offer on a house with a variable-rate mortgage. I heard those were predatory. -- L.H., Tulsa.
    2007-10-08 12:37:58

  • Bradenton man, 58, shot dead on his burthday; police seek suspects

    Herald Tribune - Nationally, people are defaulting on mortgages at a faster pace than at any point in recent decades. According to the Mortgage ... He threw his car in reverse to escape the gunfire, according to sheriff’s reports. Authorities said Spearmon was not ...
    2007-10-08 09:40:00

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