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News about Mortgages:
Denny Hecker closes 6 car lots, sells 3; GM sues - Minneapolis Star TribuneSix of flamboyant Twin Cities auto dealer Denny Hecker's dealerships have closed and three others have been sold. In a news release late Friday, Hecker said the shutdown of the Blaine Bargain Lot, Forest Lake Chrysler Jeep Dodge Mitsubishi ...
Regulators shut down Downey Savings and Loan - Mojave Daily NewsWASHINGTON - Federal regulators on Friday shut down two big thrifts based in Southern California, saying they fell victim to the acute distress in the housing market in that state. The failures of Downey Savings and Loan Association, based in Newport ...
Loan game under new rules - Toledo BladeHAVING LANDED a sweet deal on a cozy ranch in south Toledo's Beverly Place section and possessing strong credit scores, Edward and Janis Whitson appeared poised this year to sail through the mortgage approval process. They eventually snagged ...
Buzz: Down payment assistant programs doing brisk business - Record SearchlightShasta County has run out of money. The city of Redding is scrambling to find more. Welcome to DAP circa 2008. DAP stands for down payment assistant program and with home prices plunging and mortgage rates low, interest in this aid is booming. Shasta ...
Citigroup Pays for a Rush to Risk - Blueridgenow.com“Our job is to set a tone at the top to incent people to do the right thing and to set up safety nets to catch people who make mistakes or do the wrong thing and correct those as quickly as possible. And it is working. It is working.” Click to ...
Slowly, mortgage help comes - Buffalo NewsAs federal agencies and the mortgage industry announced new initiatives last week to speed help for struggling borrowers, three of the area’s biggest lenders say the new efforts won’t change what they do because they’ve already been proactive ...
Distress mounts in embattled Michigan - Tacoma News TribuneFENNVILLE, Mich. – The bad news keeps coming to Michigan, a state long stuck in recession and at ground zero in the national economic downturn. But unlike in months and years past, there are no exceptions to the despair, not even here among the ...
Bob Shallit: Rancho Cordova firm builds biggest LED sign in Big Apple - Sacramento BeeNew York's glitzy Times Square will glow a bit brighter today – thanks to a Rancho Cordova company that says it's built the Big Apple's largest LED sign. Going live this afternoon is a technically and visually innovative "supersign" that will wrap ...
Losing it all: Subprime loan mess slamming doors on homebuyers in ... - Lynchburg News and AdvanceYou wouldn’t expect a $1 million home on Easy Street on Smith Mountain Lake to end up in the same situation as a $20,000 house from inner-city Lynchburg. One was built as a lakeside mini-mansion in 2006. It has 5,200 square feet, granite ...
Fannie and freddie delay foreclosures - ABC 4SALT LAKE CITY, Utah (ABC 4 News) - It’s an early Christmas present for hundreds of Utah families in danger of losing their homes at the holidays. Fannie Mae and Freddie Mac are suspending their foreclosure sales and evictions until January. Utah ...
Today's Mortgage Terms starting with R
Refinancing: The repaying of a debt with the proceeds from a new loan using the same property as collateral. The reason for refinancing is to get a lower interest rate.
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