Mortgage and Financial News From 2008-1-21 Page 21

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• Protection available for homeowners - Community Press

  Protection available for homeownersCommunity Press, KY - 2 hours agoSenate Bill 185 gives the attorney general the tools necessary to pursue predatory lenders ensuring that lenders and mortgage brokers are more closely ...
  2008-01-21 04:17:40

• Lenders cut deals to avoid foreclosure crisis - Reuters

  Lenders cut deals to avoid foreclosure crisisReuters - 2 hours agoWith so many houses in the United States facing foreclosure, mortgage lenders are starting to offer favorable deals for distressed borrowers like Jackson ...
  2008-01-21 04:26:19

• Desolation on Liberty St. in Trenton - the.point.is. news agency

  Desolation on Liberty St. in Trentonthe.point.is. news agency, NY - 1 hour agoIn the comfortable living room of his home, mayor Douglas Palmer sighs. “We have not fully realized the economic impact of the mortgage crisis on our budget ...
  2008-01-21 04:31:43

• Bond scheme may lure more bidders for Northern Rock - Guardian Unlimited

  Bond scheme may lure more bidders for Northern RockGuardian Unlimited, UK - 1 hour agoIn yesterday's statement the Treasury made clear that the successful bidder would need a "robust" business plan which allows the stricken lender to have ...
  2008-01-21 04:33:44

• Funding available for home loans - Cibola County Beacon

  Funding available for home loansCibola County Beacon, NM - 1 hour agoThrough the GRH program, a mortgage lender makes a home loan and Rural Development co-signs the note on behalf of the federal government. ...
  2008-01-21 05:09:37

• Taxpayers to take on Northern Rock risk - Telegraph.co.uk

  Taxpayers to take on Northern Rock riskTelegraph.co.uk, United Kingdom - 1 hour agoNorthern Rock lent an average 78pc of the value of a home in the six months to June, just as the market peaked. The next closest lender was Alliance ...
  2008-01-21 05:25:09

• If Everyone’s Finger-Pointing, Who’s to Blame? - New York Times

  If Everyone’s Finger-Pointing, Who’s to Blame?New York Times, United States - 47 minutes agoA wave of lawsuits is beginning to wash over the troubled mortgage market and the rest of the financial world. Homeowners are suing mortgage lenders. ...
  2008-01-21 05:40:27

• Pain felt now as downturn takes hold - Rocky Mountain News

  Pain felt now as downturn takes holdRocky Mountain News, CO - 41 minutes agoCitigroup said it had slashed 4200 jobs as it braces for more consumer-related trouble, and mortgage lender IndyMac Bancorp Inc. cut its work force by 24 ...
  2008-01-21 05:45:52

• Streets ahead of the rest - Brisbane Times

  Streets ahead of the restBrisbane Times, Australia - 41 minutes agoPetschler says many first home-buyers are not aware of the significant expense of lenders' mortgage insurance. This is a one-off expense, charged when the ...
  2008-01-21 05:46:29

• Proposed bills could have import for Virginia consumers - The Virginian-Pilot

  Proposed bills could have import for Virginia consumersThe Virginian-Pilot, VA - 37 minutes agoAll three have been blamed for causing some of the turbulence in the mortgage market and the rising number of home foreclosures. Under the proposal, lenders ...
  2008-01-21 05:50:43

• Bond scheme may lure more bidders for Northern Rock (Guardian Unlimited)

  Ministers have thrown open the door to fresh bids for Northern Rock as they unveiled details of unprecedented government backing for a private-sector rescue of the lender
  2008-01-21 04:39:09

• Bonds may lure more Rock bidders (Guardian Unlimited)

  Business & money: Banks and venture capital study government plan for Northern Rock - whilst Branson refuses to match Olivant offer for lender
  2008-01-21 04:56:31

• Taxpayers to take on Northern Rock risk (Daily Telegraph)

  The quality of the bank's lending means the taxpayer may be left holding the baby, say Philip Aldrick and Katherine Griffiths
  2008-01-21 05:26:07

• 'Send off' for Encinitas building (San Diego Daily Transcript via Yahoo! News)

  A free "going away" party and arts event at 687 South Coast Hwy. in Encinitas will mark the decommissioning of the metal building that has been at that location for more than 40 years.
  2008-01-21 05:27:32

• Pain felt now as downturn takes hold (Rocky Mountain News)

  Economists and politicians can debate all they want about whether the nation is sliding into its first recession in nearly seven years. To Chuck Rizzo, the picture is clear.
  2008-01-21 05:37:51

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