Subprime lending - Canada's dirty, little secret?

Does Canada have a dirty, little, subprime lending secret? Looks like it. As the U.S. financial sector began to crumble under the weight of subprime mortgage lending last fall, and so many regular Americans were...

Eighth Grader's Invention Protects Birds from Unfortunate Demise

It's not every day an eighth grader comes up with an invention that is innovative and saves lives - in this case, the lives of our feathery friends. Just about anyone with windows has a story about their clear...

Nearly 10% of Latinos lag on mortgages

" Nearly one in 10 Latino homeowners fell behind in mortgage payments last year. That's the finding of a Pew Hispanic Center survey. The Hispanic research group also reports about 3% say they had received a foreclosure notice. The survey found that nearly half of respondents,...

Tell Congress to Bring Real Relief to Main Street.

"Although Congress took some action to address our nation’s economic crisis, too many Americans are still hurting. AARP is calling on Congress to support a plan to bring real relief to struggling Americans. We...

Who said American Ingenuity was dead? Barak Obama should hire these fellows!

Who said that American ingenuity was dead?  One thing is for sure, when faced with adversity you can bet that somewhere, an American is fast at work trying to solve a problem.  Take Rick Westmoreland for...

Citigroup Bailout May Assist More Homeowners

The government's multibillion-dollar bailout of Citigroup Inc. requires the giant financial services company to lower loan rates for struggling homebuyers who are behind on their mortgage payments. This rescue...

The foreclosure freeze tide

"WASHINGTON (Legal Newsline)--As Capitol Hill remains under siege from all sides of America's faltering economy, pressure to stem the tide of foreclosures continued to make inroads as Fannie Mae and Freddie Mac became the latest to join the foreclosure freeze movement.The...

HOUSING: Judge denies defense request in foreclosure case

"A judge denied a request Friday to toss out two civil charges against a group of defendants accused of running a fictitious foreclosure-prevention company, said a district attorney prosecutor.Five people who ran a Carlsbad business were arrested in May on charges of...

Acceleration in Foreclosures Hitting California County Hard

Homeowners from California are taking a sad plight as they witness more and more of their longtime friends and neighbors leave or abandon their homes due to foreclosures. Neighborhoods find more houses empty while a few more remaining residents cower in fright, dreading...

Savvy Homeowners Are Turning the Table on Lenders

"WASHINGTON, D.C., Nov. 18 (SEND2PRESS NEWSWIRE) — National Loan Audits (www.nationalloanaudits.com) announced today that since only a fraction of distressed homeowners needing a loan modification are getting the help they need, borrowers should obtain a Forensic Loan...

Foreclosure Crisis Watch: Hope for Homeowners Hopeless?

There will be an expected three million failed mortgages this year and 8,500 homes threatened for foreclosure per day. This is despite the 300 billion dollars allotted for the Bush administration’s Hope for Homeowners program. The scheme which has been in effect since last...

US consumers' forced to halt "Economic Cannibalism"

OPINION The only thing surprising about the outcome of practicing a personal finance policy equivalent to eating your own young is that anyone is surprised.  Consumers can not be faulted for dipping into...

Downwardly: Dave Cantrell and his midnight U-Haul

MSM seems to be doing a better job of finding human faces to illustrate the personal cost of the financial crisis. Here's a poignant one from The Mercury News. Consider adding your own."MANTECA — Dave Cantrell...

Will the $700B Bailout Really Help Homeowners Facing Foreclosure?

When some of the biggest investment firms declared bankruptcy last month, it resulted into widespread panic in the entire financial industry. In order to prevent the nation from falling into a recession, the...

Homeowners Should Not Consider Foreclosure as the End

"For Alabama homeowners, the key to avoid foreclosure is to not give up the fight to stay in their homes. This is according to Kenneth Lay, Housing Advocacy Director of Alabama Legal Services, who made such...

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