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Home loan troubles break records again (9:56 a.m.) (The Record)
Posted: September 5th, 2008, 1:51pm CDT
WASHINGTON (AP) — More than 4 million American homeowners with a mortgage, a record 9 percent, were either behind on their payments or in foreclosure at the end of June, as damage from the housing crisis worsened, the Mortgage Bankers Association said... -
Behind in payments and seeking to modify a loan (San Jose Mercury News)
Posted: September 5th, 2008, 12:07pm CDT
Q: I m four months behind in my house payment. Can I still go to the lender and ask for a loan modification? -
Home loan troubles break records again (AP via Yahoo! News)
Posted: September 5th, 2008, 12:06pm CDT
More than 4 million American homeowners with a mortgage, a record 9 percent, were either behind on their payments or in foreclosure at the end of June, as damage from the housing crisis worsened, the Mortgage Bankers Association said Friday. -
Home loan troubles break records again (Lexington Herald-Leader)
Posted: September 5th, 2008, 10:37am CDT
More than 4 million American homeowners with a mortgage, a record 9 percent, were either behind on their payments or in foreclosure at the end of June, as damage from the housing crisis worsened, the Mortgage Bankers Association said Friday. But the source of trouble in the mortgage market has shifted from subprime loans made to borrowers with poor credit to homeowners who had solid credit ... -
U.S. Mortgage Foreclosures, Delinquencies Reach Highs (Update1) (Bloomberg.com)
Posted: September 5th, 2008, 10:12am CDT
Sept. 5 (Bloomberg) -- Foreclosures accelerated in the second quarter to the fastest pace in almost three decades as interest rates increased and home values fell, prompting more Americans to walk away from homes they couldn't refinance or sell. -
Home loan troubles break records again (San Francisco Chronicle)
Posted: September 5th, 2008, 9:24am CDT
More than 4 million American homeowners with a mortgage, a record 9 percent, were either behind on their payments or in foreclosure at the end of June, as damage from the housing crisis worsened, the Mortgage Bankers Association said Friday. But the source of... -
Expert Group, Inc. Opens September With Over $8 Million in Loan Originations (Marketwire via Yahoo! Finance)
Posted: September 4th, 2008, 7:30am CDT
Expert Group, Inc. is pleased to announce that the Company opens September with over $8 million in loan originations. Expert Group has been experiencing a growth in mortgage applications mainly with FHA and Commercial loans. -
(AFX UK Focus) 2008-09-04 07:04 D. Bank moves to foreclose on Macklowe loan -WSJ (Interactive Investor)
Posted: September 4th, 2008, 1:25am CDT
LONDON, Sept 4 (Reuters) - A group of lenders led by Deutsche Bank AG has sued Macklowe Properties Inc to foreclose on a $510 million loan the developer took out to build on the former site of the Drake Hotel in New York, the Wall Street said, citing court papers. Macklowe Properties bought the Drake Hotel in 2006 for $418 million and had demolished it, seeking to build a major office tower ... -
North Carolina allows Chowan County to refinance loans (The Virginian-Pilot)
Posted: September 3rd, 2008, 8:39pm CDT
By Connie Sage The state Local Government Commission has approved Chowan County's request to refinance two loans, giving the fiscally ailing county breathing room to begin replenishing its nearly empty coffers. -
Refinance may not solve money problems (Bankrate.com via Yahoo! Finance)
Posted: September 2nd, 2008, 5:00am CDT
A cash-out refinance is not the answer to a reader's financial problems, says Dr. Don Taylor.