Wall Street Execs Arrested over Subprime Fraud

The subprime chickens are coming home to roost, as two former Bear Stearns executives face fraud charges over hedge fund management. Ralph Cioffi and Matthew Tannin will be the first Wall Street execs to face...

Dubai house prices up 78%, another surge guaranteed « Peter J. Cooper’s We...

"Dubai house prices rose 78 per cent in the year to the end of Q1, according to a report from Colliers International. But all the anecdotal evidence suggests that rising prices have continued since then, and may have considerably further to go as the Federal Reserve cuts...

Poll Revealed 50% of Mortgaged Americans Worried about Foreclosure

In a recent poll commissioned by the American Bar Association, it was discovered that about 50 percent of Americans who currently have a mortgage are having concerns about staying in their homes and avoiding...

Foreclosures Increasing Around US Military Bases

According to the data gathered by RealtyTrac, there has been a dramatic increase in foreclosures at the areas surrounding US military bases in the past year. The average increase was reported to be more than 80...

New Dubai mortgage options will keep house prices moving up « Peter J. Coope...

" Now we have Amlak Finance’s Easy Start mortgage which offers lower payments over the first four years of a home loan with increased payments from year five. On a Dhs1 million loan this cuts payments from Dhs9,500 on the normal finance rate of 7.75 per cent to Dhs6,458,...

Declining Default Notices in California Gives Hope to Locals

Since the subprime mess started, California has recorded one of the highest foreclosures rate in the nation. With the state suffering from declining home prices and growing inventory of foreclosure homes, it is...

Wife Mortgaged to Loan shark

We have heard of  excesses of loan recovery agents. But in a shocking incident in India's eastern state of West Bengal a man was forced to keep his newly married wife as mortgage after failing to repay loan. "You could call it Bengal’s heart of darkness. Unable to...

The Vetter needed Vetting, Johnson resigns from Obama's VP Search

The Vetter needed Vetting, Johnson resigns from Obama's VP SearchA manager of Democrat Barack Obama's vice presidential search team resigned Wednesday amid criticism over his personal loan deals."Jim did not want...

Mortgage Relief Program: Will it be too late for many homeowners?

In order to address the enduring foreclosure crisis, the Senate has passed a mortgage rescue proposal that aims to help distressed homeowners switch to government-backed mortgages under the supervision of the...

Mortgage Relief Program: Will it be too late for many homeowners?

In order to address the enduring foreclosure crisis, the Senate has passed a mortgage rescue proposal that aims to help distressed homeowners switch to government-backed mortgages under the supervision of the...

Australian Lending Situation Has Parallels in United States

An interesting development in the Australian housing market could be a lesson to lenders and legislators here in the states. Australia’s housing market is in no way in the poor shape that America’s is, as they...

Bad Credit Mortgage Loans - Get Approved With a Recent Bankr

"A few years ago, if you had a bankruptcy or a foreclosure on your credit report, you could forget about trying to get a mortgage loan. If you were lucky enough to find someone who would finance you, your interest rate would be through the roof and plan on putting 10-20% down."

Senate Banking Committee Approves Foreclosure Bill

The new Foreclosure Aid bill made some headway in the Senate yesterday, as the Senate Banking Committee voted 19-2 in favor of the bill, the last hurdle now only being the general vote by the Senate. Many expect...

Taking the inside of the house with you

" “If no-money-down was the real estate password for the first half of the 2000s, “jingle-mail” might be the word for rest of it.” Says Michael Pollick in Herald Tribune on Thursday, 15 May 2008 CNBC asked...

Successful Online House Browsing

If you are tired of renting an apartment or simply ready to take on mortgage payments; the first logical thing that you will do is browse for a house. You might wonder how seasoned buyers and investors manage to get their selves in the right position at the right time. The...

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