Mortgage and Financial News From 2008-8-10 Page 9
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Misunderstood: Credit-card debt is the new taboo (The Columbus Dispatch)
CHICAGO -- Consumers are more likely to talk about sex and the death of a loved one than they are to broach a conversation about their credit. But it might be because they just don't understand all of it -- the credit part, that is.
2008-08-10 02:50:38 -
Apartment Sales Volume, Availability of Equity, Debt Capital All Decline (Commercial Property News)
Despite a sluggish economy resulting in a small decline in market tightness, overall apartment demand is holding up fairly well, according to the National Multi Housing Council’s (NMHC) latest quarterly survey.
2008-08-10 04:19:04 -
Credit default swap market under scrutiny (International Herald Tribune)
Reining in the credit default swap market is a rising priority for regulators who oversee U.S. banks and insurers.
2008-08-10 08:13:05 -
Financial Focus: Many assets can be quite advantageous for consumers (The Record Searchlight)
Q: What three assets provide the most tax advantages for consumers?
2008-08-10 08:25:37 -
Blue Realty GMAC Reports Large Increase in Home Sales (PR.com)
Blue Realty GMAC, largest independently owned real estate brokerage in the New Jersey GMAC Real Estate network, announced that Homes Sales currently under contract and awaiting closing as of June 30, 2008, was up just over 50% is Dollar Volume while the actual number of homes in contract awaiting closing is up over 64%, compared to the same period last year. According to Charles Blumenkehl, ...
2008-08-10 08:53:20 -
Homeowners get tax breaks in housing bill (Los Angeles Times)
The Housing and Economic Recovery Act doesn't only stave off foreclosures and help troubled lenders. First-time buyers, older homeowners and others also benefit. Tax breaks for owning real estate are undergoing another shift, thanks to the Housing and Economic Recovery Act recently signed into law by President Bush.
2008-08-10 09:01:05 -
Mortgage rule changes skewer some sales - News-Press
The deal was to close on June 27. Drake Paul, a pediatrician, entered into a contract at the end of May to sell his two-bedroom, one-bath newly renovated house in Sparks, Nev., for $170,000. The buyer had lender approval, the appraisal was done, and ...
2008-08-09 10:00:00 -
Screen tests - Chicago Tribune
L ast year, 84 percent of American home buyers used the Internet in shopping. So says the National Association of Realtors. But what the trade group didn't say was how to go about it—more specifically where to start. That's where we think we can ...
2008-08-09 11:47:00 -
Credit crisis one year on: How sub-prime put a stop to Go Business - Daily Telegraph
Have your say Read comments Two years ago broker Andrew Strode-Gibbons was living the property tycoon dream, writes Jonathan Sibun Many in the City of London will never have heard of Andrew Strode-Gibbons.
2008-08-09 04:16:00 -
The mortgage famine 'may go on for years' - This is Money
Nationwide and Abbey were among the lenders to make significant cuts to mortgage rates last week, following rivals Woolwich, Cheltenham & Gloucester, Halifax and others. It was good news for some borrowers and propelled Nationwide's new deal - for ...
2008-08-10 01:35:00 -
On the House: Housing law offers little rescue (The Philadelphia Inquirer)
The much-touted housing-rescue bill has been passed and signed by President Bush, but don't expect to see change soon. The "bailout" is more symbolic than anything else, said Farah Jiminez, executive director of the community-development corporation Mount Airy USA, likening it to putting "lipstick on a pig."
2008-08-10 12:31:27 -
Bringing borrowers back from brink (Denver Post)
Business was already declining when Mike Campbell and his wife, Michelle, decided to close their commercial photography studio in 2006.
2008-08-10 12:42:42 -
Bankrupt lender at center of cash fight (The Arizona Republic)
When a company goes into bankruptcy, investors and creditors fight for whatever money might be recovered. Sometimes bitterly.
2008-08-10 01:29:38 -
LOST SOVEREIGNITY (New York Post)
There's a new land grab starting in America. Foreign money, which up to now has focused its attention on investing in iconic commercial real estate - like Barneys New York and the Chrysler Building - is now moving to scoop up tens of thousands of...
2008-08-10 01:45:39 -
Duped when they're down, then forced out (Staten Island Advance)
STATEN ISLAND, N.Y. -- To Gerthy and Lesly Alexandre, a couple struggling to fight off foreclosure on their West Brighton home, the proposition seemed to make sense: Refinance the mortgage and put someone else's name on the deed just until the couple could clean up their credit and catch up financially -- a year at the most, they were told.
2008-08-10 02:34:50