Mortgage and Financial News From 2008-8-10 Page 12
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New housing law adds needed protections for seniors seeking reverse ... - Boston Globe
There's a lot to digest in the Housing and Economic Recovery Act of 2008. One provision is intended to help seniors by reining in fees and fraud associated with reverse mortgages. Reverse mortgages were largely created for seniors who have a lot of ...
2008-08-09 09:17:00 -
Dollars & Sense (Modesto Bee)
Boom goes bust
2008-08-10 03:16:00 -
Most banks have cushion of capital (San Diego Union-Tribune)
Is your bank safe? For the first time in years, that question is being asked by depositors as the decaying housing market continues to take its toll on financial institutions.
2008-08-10 03:16:13 -
Avenues for borrowing for college are fewer, harder to find (The Morning Call)
The student loan environment has been rocky this year, to say the least. And with fall classes set to begin soon, the industry has wobbled again.
2008-08-10 03:45:16 -
Obama Says, The White House Will Be 'The People's House' (Birmingham Times)
ORLANDO (NNPA)- The line of people at the Orlando World Center Marriott weaved through the corridors and wrapped around corners as well more than a thousand awaited the opening of the ballroom, where presumptive Democratic nominee Sen. Barack Obama was about to speak.
2008-08-10 03:56:15 -
CHFA helps buyers get smart about homes (The Fort Collins Coloradoan)
Colorado Housing and Finance Authority, or CHFA, has been financing homes since the early 1970s, and they continue to be versatile.
2008-08-10 04:11:11 -
'Black diamonds' feel the credit crunch (Independent Online)
Thembi Motaung has faced a painful choice when she started to fall behind on payments.
2008-08-10 04:47:24 -
Plan promises to save your home -- if you clear hurdles (Orlando Sentinel)
The government's latest effort to deal with the mortgage crisis has an ambitious name: Hope for Homeowners.
2008-08-10 05:23:15 -
Homes holding value even as market slows (The New Braunfels Herald-Zeitung)
Is the local housing market suffering to the tune national analysts might suggest? Depends on your perspective.
2008-08-10 05:56:46 -
Subprimes: From Bad to Worse - Newsweek
The mortgage mess isn't causing our worsening economic condition; it's a symptom of a far more serious problem. The stock market rallied today after President Bush announced a deal under which mortgage lenders would cut subprime borrowers some slack ...
2008-08-05 05:54:00 -
Dealing with financial problems and home ownership - New Haven Register
Q: I am currently working as an engineer in the D.C. area. I moved from South Carolina a couple of years back with my wife and two kids. We moved for employment reasons. When we looked at purchasing a home, we had to move more than an hour's commute ...
2008-08-09 09:31:00 -
Stimulus bill welcomed locally - Birmingham News
First-time homebuyers have a $7,500 incentive to buy a house, but here's the kicker: For the purposes of the new federal housing stimulus bill, a "first-time" homebuyer is anyone who has not owned a house in the past three years. The Housing and ...
2008-08-10 02:10:00 -
The price isn't right - Guardian Unlimited
It's desperately complicated. You sign up for a product or service at a low price. Maybe you get a free gift. Six months later you are lost in a thicket of little surcharges and penalty fees, and your introductory interest rate has reverted back to ...
2008-08-10 03:29:00 -
Credit crisis triggers unprecedented response (MSNBC)
Broadest credit crisis since Depression sparks unmatched federal foray into private lending.
2008-08-08 10:22:31 -
Help is at hand for homeowners (The News-Times)
DANBURY -- Residents in danger of losing their homes may not want to open up their mail these days, but the sooner they seek help the better.Carol DeRosa, administrator for residential mortgage programs for the Connecticut Housing Finance Authority, said borrowers need to open all the mail they get from their lenders.
2008-08-09 11:35:50