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Latest Bad Credit Mortgages news:Real Estate's Link to the Small Business Credit Crunch
It's no secret that small businesses in the U.S. face difficulties accessing credit. According to a survey of a random sample of 751 small businesses conducted by Gallup at the end of 2009 for the National Federation of Independent Business Research Foundation, 44% of small businesses seeking credit in 2009 received only some or none of the money they sought. This level of credit access compares ...
Read more News Source - BusinessWeek via Yahoo! News
Publish date - 13:14:50 03/10/10
7 credit card disasters who became credit masters
Repaying big card balances is hard enough, but remaining debt-free is even more so. Learn how seven credit card 'disasters' turned into credit card masters.
Read more News Source - Fox News
Publish date - 19:08:19 03/10/10
Bond Spreads at Narrowest This Year Lure GMAC: Credit Markets
March 11 (Bloomberg) -- Corporate bond yields fell to the lowest this year relative to benchmark government securities, luring GMAC Inc. to sell its longest-maturity notes since 2004.
Read more News Source - Bloomberg
Publish date - 21:07:42 03/11/10
Subprime Lending Crisis: Auto Loans Thrive, Housing Down
In the wake of the credit crisis, banks have scaled back lending to subprime borrowers. But other lenders have stepped in, making high-interest-rate loans to borrowers with low credit scores
Read more News Source - Time Magazine
Publish date - 17:30:10 03/11/10
Interest on fixed rate mortgages at six-year low
The interest charged on two-year fixed rate mortgages fell to a six-and-a-half-year low during February in a further sign that competition was slowly returning to the market, figures showed today.
Read more News Source - Independent
Publish date - 11:07:22 03/09/10
Black Homeownership Problems: Many Upside Down Mortgages, Money Tight
Filed under: Personal Finance , Dr. Boyce Money , Savings Black American wealth has dropped dramatically during the latest recession. The recent meeting between Rev. Al Sharpton, Marc Morial, Ben Jealous and Barack Obama underscored the urgency of dealing with the financial challenges currently being faced by African Americans. One of the critical areas in which black people are being hit ...
Read more News Source - Black Voices
Publish date - 20:51:44 03/11/10
Why buying a house is a bad investment
Interest rate hikes are looming, and talk of bubbles abounds — so what's with the real estate buying frenzy?
Read more News Source - Canadian Business
Publish date - 15:35:43 03/11/10
Financial regulation bill to be introduced without GOP backing
WASHINGTON — Long-awaited Senate legislation that would direct the broadest overhaul of financial regulation since the Great Depression will be introduced on Monday without any Republican support, despite weeks of bipartisan negotiations.
Read more News Source - McClatchy Newspapers via Yahoo! News
Publish date - 23:50:53 03/11/10
McAllen's real estate market still sluggish
McALLEN — Buying a house in the Rio Grande Valley will be much harder by this summer — and it’s not easy now. Buyers have until April 30 to sign a contract to qualify for the homebuyer tax credit, up to $8,000 for first-time buyers and up to...
Read more News Source - The Monitor
Publish date - 17:19:16 03/11/10
Personal Finance: Prosperity for a purpose
So many of us admire openly rich people, the ones who display their wealth through things like fancy houses, cars and clothes. But often, those people are pretenders who are not rich at all, and our real admiration should be reserved for regular folks who have saved all their lives and are thus able to leave a financial legacy behind for others.
Read more News Source - Washington Post
Publish date - 05:30:04 03/12/10
Bad mortgages costing lenders
Fannie Mae and Freddie Mac may force lenders including Bank of America Corp., JPMorgan Chase & Co., Wells Fargo & Co. and Citigroup Inc. to buy back $21 billion of home loans this year as part of a crackdown on faulty mortgages.
Read more News Source - The News Journal
Publish date - 09:10:30 03/06/10
Commentary: First, Slap Limits on Bank Leverage
The fight over a financial consumer protection agency misses the point. What fueled the crisis was bank debt
Read more News Source - BusinessWeek
Publish date - 22:29:21 03/11/10
The Subprime of Their Lives
In The Big Short, Michael Lewis lionizes speculators who made a killing on the crash
Read more News Source - BusinessWeek
Publish date - 22:26:20 03/11/10
Citi CEO: Local Consumer Lending losses contained
If Pandit is right, Citi may be more free to pursue overseas growth.
Read more News Source - Market Watch
Publish date - 20:00:52 03/11/10
TARP Panel Finds Fault With GMAC Bailouts
A Congressional panel, in a report to be released Thursday, questioned the need for the Treasury Department ’s $17.2 billion bailout of GMAC as the company dealt with the collapsing mortgage market in 2008 and 2009, Sewell Chan reports in The New York Times.
Read more News Source - New York Times
Publish date - 16:16:57 03/11/10
Real Estate's Link to the Small Business Credit Crunch
It's no secret that small businesses in the U.S. face difficulties accessing credit.
Read more News Source - HispanicBusiness.com
Publish date - 17:10:22 03/08/10
Initial Jobless Claims Edge Down
Initial claims fell by 6,000 this week, but the 4-week moving average rose by 5,000 to 475,500.
Read more News Source - Zacks.com via Yahoo! Finance
Publish date - 17:13:18 03/11/10
Robert Peston
New support for banks after the election?
Read more News Source - BBC News
Publish date - 15:42:41 03/11/10
BofA ‘Comfortable’ Bank Can Absorb Home-Equity Losses (Update1)
March 11 (Bloomberg) -- Bank of America Corp. Chief Executive Officer Brian Moynihan said the lender, the biggest in the U.S., can absorb losses on its $149 billion home-equity loan portfolio even after the four-year slump in housing prices .
Read more News Source - Bloomberg
Publish date - 16:38:55 03/11/10
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