2 hrs ago | News.com.au
Fewer home loans taken out in March
THE expense of a new mortgage is deterring people from taking the plunge into home ownership with the number of loans taken out in March the lowest since August 2005. via News.com.au
6 hrs ago | Daily Times
US futures fall on American International Group record loss
“On top of that, you've got Citi selling assets, which in the long run is a good thing, but it implies several more years of turmoil and restructuring.”
Equity markets overseas were pushed lower as the price of oil topped $125 a barrel. via Daily Times
11 hrs ago | Tampa Bay Online
Authors Finger Perpetrators In Debt Crisis
“The word alone causes people's blood pressure to rise. It's a hard-sounding word, phonetically in sync with its impact on people's lives”
It's a hard-sounding word, phonetically in sync with its impact on people's lives," writes Tamara Draut in the foreword to the compelling "Up to Our Eyeballs: How Shady Lenders and Failed Economic Policies Are ... via Tampa Bay Online
15 hrs ago | The Washington Post
Appraisal Changes Face Resistance
COMMENT By Kenneth R. Harney Saturday, May 10, 2008; Page F01 A legal brawl is breaking out over how homes are appraised, at what cost and by whom. via The Washington Post
19 hrs ago | Worcester Telegram & Gazette
Foreclosure crisis hits self-storage centers
“You tell yourself, 'I'm only going to put my things in for a short time,' ”
ELK GROVE VILLAGE, Ill.- The foreclosure crisis is hitting yet another American locale: the self-storage center. via Worcester Telegram & Gazette
Yesterday | BNET
Mortgage Credit Losses Could Total $500 Bln: Goldman
“If anything, they may come under pressure to ease further, though at present this is not our base case.”
Goldman Sachs economists expect a total of $500 billion in residential mortgage credit losses, a renewed slowdown in economic activity after the near-term boost from fiscal stimulus, and no monetary policy ... via BNET
Yesterday | Commercial Property News
FNC Automation Ensures HVCC Compliance for Mortgage Lenders
May 9, 2008 FNC's premier analytic product-GAAR - can help lenders comply with provisions that will require them to report the results of quality control testing, officials of the mortgage technology company ... via Commercial Property News
Saturday | Hereford Times
Mortgage repossession orders up 17%
“This means treating borrowers in arrears fairly and sympathetically, and being willing to negotiate with borrowers in trouble”
Lenders have come under pressure to do more for struggling homeowners after the number of people threatened with losing their homes rose to its highest level for 16 years. via Hereford Times
Saturday | Boston.com
Speaker's friend registers as lobbyist after flap
A friend of House Speaker Salvatore DiMasi has registered as a lobbyist after causing a flap by helping ticket brokers push a bill through the House that lifts restrictions on their business. via Boston.com
Saturday | EagleTribune.com, North Andover, MA
Housing aid bill faces presidential veto
“House Democrats passed bills that they know will never become law. Most Americans understand that we shouldn't create a taxpayer-funded bailout for lenders and speculators”
Democrats' plans to help hundreds of thousands of homeowners struggling with rising subprime mortgage rates and plummeting house values could be sidetracked by President Bush's threatened veto and the ... via EagleTribune.com, North Andover, MA