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The Next Subprime Crisis Looms - FHA-Backed Loans - Free Internet Press
The same people whose reckless practices triggered the global financial crisis are onto a similar scheme that could cost taxpayers tons more. As if they haven't done enough damage. Thousands of subprime mortgage lenders and brokers - many of them the ...

FHA: The new Fannie Mae - Hotair.com
They’re baaaa-aaack . The same people who engineered a global financial meltdown with bad loans covered by government backing have begun exploiting the Federal Housing Administration in the same manner as Fannie Mae and Freddie Mac.  Lenders who ...

FHA-Backed Loans: The New Subprime - BusinessWeek
(page 2 of 5) Similarly worrisome stories are playing out around the country. In Tucson, First Magnus Financial specialized in risky "Alt-A" mortgages, which didn't require borrowers to verify their income. State and federal regulators cited the ...

SEEN AT THE SCENE : - Long Beach Press-Telegram
"It was our most successful fundraiser in recent years," said the enthusiastic executive director of the WomenShelter of Long Beach (WSLB), TuLynn Smylie. The Fourth Annual Wine Tasting Fundraiser, held Oct. 4, raised $33,000. Host Duane Rose, owner ...

Mortgage advisor sentenced for forgery - East Anglian Daily Times
A DISGRACED former director of a Suffolk mortgage advice firm who “exposed consumers to substantial risks” has been handed a suspended prison sentence in the first prosecution of its kind in the country. Simon Gray, of Norton, near Bury St ...

Once again, the subprime wolves are on the prowl - WTOL-TV
As if they haven't done enough damage. Thousands of subprime mortgage lenders and brokers -- many of them the very sorts of firms that helped create the current financial crisis -- are going strong. Their new strategy: taking advantage of a long ...

The Next Subprime Crisis Looms - Der Spiegel
The same people whose reckless practices triggered the global financial crisis are onto a similar scheme that could cost taxpayers tons more. As if they haven't done enough damage. Thousands of subprime mortgage lenders and brokers -- many of them ...

Hoover, AL - - ABC 33/40 News
"The first thing will be those mortgage payments, utilities, of course food and their tuition," Debbie Briskey explains. "Phone bills and things like that come secondary to keeping the lights on," says Shane Perry. "I put it into categories of what's ...

Hard times at nonprofits - Gazette
"The resource center is holding our breath," says Marti Worshtil (right), executive director of the Prince George's Child Resource Center, here with Ashley Majia, 10 months, and Ashley's mother, Sandra Ramirez of Hyattsville. "Our program officer has ...

Know before you borrow - Baltimore Sun
Exotic mortgages, as well as some lenders, are a thing of the past. But the need to borrow to buy a home is very much present. The lending landscape keeps changing fast, economists, mortgage brokers and lenders say, so homeowners and potential buyers ...

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Today's Mortgage Terms starting with T

  • Term: The period of time in which a loan must be paid off.
  • Truth-In-Lending Act: Federal law demanding a full written disclosure of the credit terms of a mortgage incorporating a standard format.
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