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News about Mortgages:
South Florida home sales continue slide - Miami HeraldWith the local economy on the ropes and the number of borrowers behind on their mortgages rising, South Florida median home prices and sales continued sliding last month, falling an average 20.5 percent in Miami-Dade and Broward counties from a year ...
Economy.com | Rising Household Debt, Defaults Straining US Economy - Miami HeraldWEST CHESTER, Pa, July 23 – U.S. household finances are deteriorating rapidly under the strain of increased debt and falling home prices, threatening the health of the U.S. economy, according to a new research from Moody"s Economy.com, a division ...
Wachovia's Steel Faces Mortgage Challenge After Boosting Stock - BloombergJuly 23 (Bloomberg) -- Wachovia Corp. Chief Executive Officer Robert Steel , on the job only two weeks, drove up the bank's market value $7.7 billion in a single day after reporting the biggest quarterly loss in its history. Wachovia rallied 27 ...
Aguirre targets Countrywide in suit - San Diego Union-TribuneHoping to stem the tide of home foreclosures, San Diego City Attorney Mike Aguirre yesterday sued the nation's largest lender, accusing it of fraudulent subprime lending and demanding that it stop taking back homes from delinquent borrowers. The suit ...
Florida's Existing Housing Market Shows Improving Conditions in June ... - MSN MoneyCentralORLANDO, Fla. , July 24 /PRNewswire/ -- Many Florida Realtors(R) statewide noted positive movement in their local housing markets in June, with an upswing in the statewide median price reported for both existing home sales and condominium sales over ...
Owner of foreclosed home in Mass. found dead after telling mortgage co ... - Minneapolis Star TribuneHurricane Dolly downgraded to Category 1 storm Authorities seek indicted polygamist sect members 'Pantyhose Bandit' causes sheer annoyance in Mass. Unknown disease killing off Florida's state tree Obama tells Israel he's committed to its security ...
Moody's Economy.com: Rising Household Debt, Defaults Straining US ... - ForbesU.S. household finances are deteriorating rapidly under the strain of increased debt and falling home prices, threatening the health of the U.S. economy, according to a new research from Moody's Economy.com, a division of Moody's Analytics ...
Founders of News Site Involved In Mortgages, Wachovia's Ills - New York SunHere's a story you won't find on the Web site of ProPublica, the crusading new online news organization. Just before house prices began a nationwide decline in 2006, Herbert and Marion Sandler sold a mortgage lender, Golden West, to Wachovia for $25 ...
National City has $1.76 bln loss on loan write-offs - ForbesNEW YORK (Reuters) - Regional bank National City Corp (nyse: NCC - news - people ) posted a $1.76 billion second-quarter loss Thursday, hurt by soaring mortgage and real estate construction loan losses and a write-down for acquisitions. The fourth ...
Phila. Fed chief urges rate increase - Philadelphia InquirerThe Federal Reserve should raise interest rates to prevent "the kind of wage-price spiral" that boosted prices and slowed the economy in the 1970s, Charles I. Plosser, president of the Federal Reserve Bank of Philadelphia, said yesterday in a speech ...
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