Tuesday, March 31, 2009

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Seattle FHLB Had 'Material Weaknesses' in Internal Controls
Bloomberg - USA
By Dawn Kopecki April 1 (Bloomberg) -- The Seattle Federal Home Loan Bank found "material weaknesses" in how management accounted for losses on mortgage ...
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Brown's G-20 'Grand Bargain' Call Brings Him No Help at Home
Bloomberg - USA
Less successful have been the Capital for Enterprise Scheme, the Automotive Assistance Program and the Homeowner Mortgage Support Scheme, which have yet to ...
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Fannie, Freddie Are Pressured as Homeowners Fall Behind
Wall Street Journal - USA
Meanwhile, a leading home-price index, the S&P/Case-Shiller posted a 19% year-over-year drop in values in January. The bulk of loans held by Fannie and ...
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Foreclosures Trap Translators in Middle
Wall Street Journal - USA
"I have run out of options," the homeowner said, "There is nothing else I can do. I am going to take my life." The bank representative hung up. ...
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Riskiest Places For US Homeowners
Forbes - NY,USA
While the president's Homeowner Stabilization Initiative, announced on Feb. 18, offers loan modifications for homeowners already in negative-equity ...
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Mall partly owned by Simon Property defaults on payment
Reuters - USA
The Mall at the Source in Westbury, New York, defaulted on the payment of the principal on March 11, said a spokesman for Simon, the largest US mall owner ...
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FHLB of Boston Warns Write-Downs May Grow
Wall Street Journal - USA
By JAMES R. HAGERTY The Federal Home Loan Bank of Boston warned in a securities filing that it may need to take deeper write-downs on certain ...
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Chase opens homeowner help center in Phoenix
AZ Central.com - AZ,USA
If that's not enough, the bank might extend the term of the loan or reduce the balance. Schneider said many mortgage problems are caused by household income ...
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Record tumble for home prices
Christian Science Monitor - Boston,MA,USA
An Obama initiative, designed to help more families refinance their home loans to avoid foreclosure, promises to help reduce foreclosures somewhat. ...
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Dakota County CDA offers programs for homebuyers and owners
Hastings Star Gazette - Hastings,MN,USA
These loans are given on a case-by-case basis and are not guaranteed for every homeowner counseled through the program. The CDA's Silver Lining program may ...
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Home values sink at record pace in January
MarketWatch - USA
They cannot sell for what they owe, and they cannot refinance their loan. They cannot borrow against their home to finance their consumption. ...
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Foreclosures increase despite lender aid
Bizjournals.com - Charlotte,NC,USA
Home foreclosures are still rising across the country, new data say, even though lenders have helped an increasing number of mortgage borrowers to become ...
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Harford family facing cancer, loss of home
Baltimore Sun - United States
(Wells Fargo did not, by press time Monday evening, respond to a request for comment on the Kropkowskis' loan.) I need to stop here and note something: ...
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Homeowner foreclosure prevention workshop scheduled in Brockton on ...
Wicked Local Brockton - Brockton,MA,USA
A homeowner foreclosure prevention workshop for Brockton-area homeowners will be held Friday from 2-8 pm at the Conference Center at Massasoit, 770 Crescent ...
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Refinancing Home Mortgage Not Always a Plus
Kansas City infoZine - Kansas City,MO,USA
What is the current interest rate on my loan? What is the current value of the home? Is this value more than what you currently owe? Once a homeowner has ...
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Toddler caught after falling 3 stories

  MSNBC.com

Toddler caught after falling 3 stories

2 men hailed as ‘heroes’ for preventing 18-month-old from hitting ground

msnbc.com staff and news service reports

updated 10:30 a.m. ET, Mon., March. 30, 2009

LAWRENCE, Mass. - Two men were being hailed as heroes by police on Monday for catching a toddler who fell 40 feet from a home's third-story window.

Robert Lemire told the North-Andover (Mass.) Eagle-Tribune newspaper that he was talking on his cell phone Sunday evening outside a pizza shop in Lawrence, about 25 miles north of Boston, when he saw the toddler dangling from a window across the street.

The 45-year-old father of two bolted across a busy street, where he met 23-year-old Alex Day, who had been inside the home at a Bible study meeting. Together, they caught the 18-month-old before she hit the ground.

"I've only seen something like that on TV," Lemire told the Eagle-Tribune.

"She's lucky. Everybody is lucky," he told the newspaper.

Day said the event was "absolutely incredible."

"She was so small, she would have really been hurt. ... It was pretty amazing when I look back on the whole thing," the Eagle-Tribune quoted him as saying.

The child's father was caring for a newborn at the time.

"These guys are heroes, no question about it," Police Chief John Romero said.

The Associated Press contributed to this report.

URL: http://www.msnbc.msn.com/id/29956301/?GT1=43001

 

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© 2009 MSNBC.com

 

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Dramatic increase in prime-loan foreclosures
Inman.com - Emeryville,CA,USA
Foreclosure starts and foreclosure sales of homes purchased with prime loans increased dramatically from January to February, and the percentage of homes ...
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Monday, March 30, 2009

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Home refinancing a hot market
Jackson Clarion Ledger - Jackson,MS,USA
But not every homeowner is equally well-served by refinancing, experts say. Generally, a homeowner should have steady income, a credit score of at least 620 ...
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Hong Kong First-Quarter Home Prices Rise 5.5%, Centaline Says
Bloomberg - USA
HSBC, Hong Kong's biggest home-loan lender, offered fixed mortgage rates to borrowers for the first couple of years, the South China Morning Post reported ...
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JPMorgan Chase loan service center to open Tuesday in Phoenix
Bizjournals.com - Charlotte,NC,USA
Arizona Attorney General Terry Goddard, Phoenix Mayor Phil Gordon, Chase home loan executives David Schneider and Steve Stein, and JPMorgan Chase Arizona ...
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The Real Cost of the Geithner Plan
RGE Monitor - New York,NY,USA
The government's ability to gain the leverage to end foreclosures by taking over home loans up to their foreclosure value would require mortgage investors ...
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The First Time Home Buyer Tax Credit and Your Down Payment
U.S. News & World Report - Washington,DC,USA
If the tax credit advance loan is paid off by the designated deadline, the homeowner pays no interest other than a modest servicing fee. ...
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Federal Home Loan Bank of Seattle reports losses
Seattle Times - United States
The Federal Home Loan Bank of Seattle reports a $241 million fourth quarter loss and a loss of $199 million for the year. The Federal Home Loan Bank of ...
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Obama's Plan Will Fatally Cripple Taxpayers and the Nation
Huffington Post - New York,NY,USA
A lender has a statutory duty to ensure a homeowner has the financial ability to repay a loan for their home." Allan believes a forensic audit of the loan ...
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The Age
Optus owner secures $1bn loan deal
The Age - Melbourne,Australia
SingTel said it had secured a $S1.08 billion ($A1.04 billion) three-year-term loan facility from a syndicate of eight banks "to refinance existing ...
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Real estate pros push tax credit advance for home buyers
MiamiHerald.com - Miami,FL,USA
During the boom, many loans required no down payment to close, with some loans even exceeding the market value of the home. Now, some home owners who owe ...
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Federal Home Loan Bank of Seattle Announces 2008 Financial Results
Business Wire (press release) - San Francisco,CA,USA
"The past year has presented significant challenges for the financial services industry, and the Federal Home Loan Bank of Seattle has been no exception," ...
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Obama's Home Loan Help Goes Online
About - News & Issues - New York,NY,USA
The goal of the loan modification is to reduce the mortgage payment to no more than 31 percent of the homeowner's gross income. That is, income before taxes ...
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Transparency in Lending Starts at Home; Kosmont Adds Talent
San Fernando Valley Business Journal Online - Woodland Hills,CA,USA
By Linda Coburn My husband and I refinanced our home to change a soon-to-be adjustable mortgage into a low fixed-rate loan. But it's not the refi that'sa ...
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GOOD TIMING, HARD WORK, AND A LOAN
Monterey County Herald - Monterey,CA,USA
By MARIE VASARI The home accents store, run by brothers Thompson and Beau Lange, is branching out with a home and garden shop in Carmel. ...
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New York Times
Banks Starting to Walk Away on Foreclosures
New York Times - United States
After Ms. James had her tenants move out, vandals hit the home. It is set for demolition, but the title is still in her name. Ms. James had the tenants move ...
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Sunday, March 29, 2009

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Smaller Cities Buck the Credit Crunch
Wall Street Journal - USA
The data from Equifax and Moody's encompass mortgages and home-equity, credit-card, auto and student loans. The numbers aren't a pure reflection of new ...
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CEO Finally Ran Out of Options
Wall Street Journal - USA
Reached at his home Sunday, Mr. Wagoner said, "I'm sorry, but I will need to pass" on the opportunity to comment. Mr. Wagoner had served as gm's CEO since ...
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State Bank of India -- Has Cash, Will Lend
Wall Street Journal - USA
Subhra Chatterjee, 39 years old and a cellphone company employee in Kolkata, used to have his savings account and his home loan with ICICI Bank Ltd., ...
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Washington Times
The auto cash giveaway Throwing more money at car companies is ...
Washington Times - Washington,DC,USA
To make the example even more ridiculous, suppose that the homeowner who is asking for the loan had a negative income - a negative income of $3.1 million ...
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MFIs offer home loans
Times of India - India
Micro finance institutions (MFIs) are now rolling out home loan products to the poor in rural India. And they are finding takers too. ...
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Bargain home prices attract investors, novices
San Francisco Chronicle - CA, USA
"FHA is so key to fueling the first-time homeowner market, and that first-time buyer is so key to burning off the inventory of foreclosures, ...
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Homeowners get council's approval to rent out city-subsidized houses
Enterprise-Record - Chico,CA,USA
By JENN KLEIN-Staff Writer CHICO — For would-be homeowners just starting out, the assistance of a loan from the city's first-time home owner program can ...
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On the House: Home-loan modifier was no help
Philadelphia Inquirer - Philadelphia,PA,USA
Wiley was months behind on the home loan she and her estranged husband took out in 2004 through the rural mortgage program of the US Department of ...
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What an $8000 tax credit could mean for home sales
The Olympian - Olympia,WA,USA
Although interest in the program is off to a slow start, it should do better than last year's $7500 no-interest loan, Windermere Olympia office owner Steve ...
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Program could help thaw out mortgage lending
Detroit Free Press - United States
Compounding the problem is that virtually all original home loans are immediately sold into the so-called secondary market, and most buyers of these loans ...
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Boston Globe
Pitching the right offer
Boston Globe - United States
Sure, home prices are down - in some communities, way down - but so is the inventory of available houses, and the competition for good homes in some places ...
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Upkeep on free home can become burden
Indianapolis Star - United States
The Harpers told The Atlanta Journal-Constitution they used the new house as collateral for a $450000 loan to fund a construction business that failed. ...
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Saturday, March 28, 2009

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Fast start to Sonoma County energy savings loan program
Santa Rosa Press Democrat - Santa Rosa,CA,USA
The county places an assessment lien on the property, and the property owner repays the loan as an assessment on his or her property tax bill over a 5-, ...
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Officials: Good time to buy home for first time
Enid News & Eagle - Enid,OK,USA
For the purposes of the tax credit, the purchase date is the date when closing occurs and the title to the property transfers to the home owner. 2. ...
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It'sa tough sell for realtors
Taunton Call - MA, USA
He said the home mortgage loan market has been holding its own. Kelly said his bank issued $250 million in loans last year — $75 million of which was for ...
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Yes, the mortgage lender can really do that
San Francisco Chronicle - CA, USA
Q: We have a home in a subdivision with a homeowner association (HOA) responsible for garden services and a pool. The HOA is managed by a professional real ...
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Mortgage fraud reports jump 26% amid clampdown
San Francisco Chronicle - CA, USA
The increase came as lenders dramatically tightened their standards, making it more difficult for borrowers to qualify for home loans without large down ...
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PLR and home loan rate
Economic Times - Gurgaon,Haryana,India
It is a benchmark rate of interest at which banks lend to their creditworthy customers. This rate is used as a yardstick to compute interest rates for other ...
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What determines home loan eligibility?
Economic Times - Gurgaon,Haryana,India
While applying for a home loan, a borrower has a number of formalities to go through before he is eligible for it. Generally, the criteria and the ...
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Pakistanis doubt the effectiveness of more US aid
Los Angeles Times - CA,USA
"Pakistan got a lot of loans from the World Bank and IMF already, but it's all been wasted" by corrupt or inept officials, fabric store owner Akhlaq Abbas ...
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Experts alert public about foreclosure scams
Ramona Sentinel - Ramona,CA,USA
Foreclosure — when there are no other options left for the homeowner. This may be the best option for some, if they have several different loans against ...
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Home sale tangled in web of complications
Hagerstown Morning Herald - Hagerstown,MD,USA
The work, authorized by the homeowner's mortgage contract, begins with a walk around any house whose owner is at least 45 days late on his or her payment, ...
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Home Remodeling Loan Program Expanded
Kansas City infoZine - Kansas City,MO,USA
Kansas City, MO - infoZine - Low-interest, home-remodeling loans are now available to homeowners in 33 participating communities through a program created ...
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4 families start recovering from foreclosure
Forbes - NY,USA
She has paid off two cash advance loans and some credit card bills, fixed the brakes on her SUV and signed up for a home phone. "It's not easy, but thank ...
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Local lenders getting TARP funds defend loan practices
San Diego Union Tribune - San Diego,CA,USA
Commercial building owners find it difficult or impossible to refinance loans without putting up more cash. Credit card borrowers find limits slashed and ...
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Friday, March 27, 2009

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Troubles build up for housing contractors
Houston Chronicle - United States
In addition to suing for payment, many contractors file liens against the homes built by the builders, creating potential problems for the homeowner. ...
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Chase Opens Five Homeownership Centers in Florida
FOXBusiness - USA
Chase has a total of 24 centers across the United States to help borrowers who have a home loan serviced by Chase, Washington Mutual or EMC - all now part ...
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Low 'teaser' mortgage rates entice, but beware
Salt Lake Tribune - United States
Real estate » Buydown loans can be a good deal but aren't the only option. The low "teaser" mortgage rates are back. But should home buyers take advantage ...
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Another View: Once mortgages sold, homeowners often left stranded
Atlanta Journal Constitution - GA, USA
The company that originated the loan is long gone, and it's the new owner that's initiating the foreclosure. Of course, no homeowner can sue unless there'sa ...
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30-year loan rates hit record low 4.85 percent
San Francisco Chronicle - CA, USA
Home buyers and owners are clearly taking notice. The Mortgage Bankers Association said on Wednesday that its applications index for the week ended March 20 ...
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Lower mortgage rates attract owners, not buyers
Kansas City Business Journal - MO, United States
Prompted by those and other factors, the Mortgage Bankers Association on March 24 lowered its estimate for 2009 home purchase loans to $821 billion, ...
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7 indicted in state's biggest mortgage-fraud scheme
Seattle Times - United States
The seven people charged include Vladislav Baydovskiy, 31, and Victor Kobzar, 32, the co-founders of Kobay; Alla Sobol, 28, the owner of Nationwide Home ...
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Funding may be available for house remodels, down payments for ...
OurayNews.com - Ouray,CO,USA
Coates said the DHA will make an inspection of the home and help the homeowner find a contractor. Eligibility for a rehabilitation loan requires that the ...
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Thursday, March 26, 2009

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Federal Home Loan bank forgoes dividend
Atlanta Journal Constitution - GA, USA
By PAUL DONSKY The Federal Home Loan Bank of Atlanta has announced it will not pay a dividend for the fourth quarter of 2008, a move designed to shore up ...
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Neighbor-to-Neighbor Offers Home Buyer Education Classes
Berthoud Recorder - CO, USA
... shopping for a loan, negotiating the price of a home, home owner's insurance, energy efficiency and protecting your investment once you are a homeowner. ...
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Mortgage rates at record low
San Jose Mercury News - CA, USA
The national average interest rate for 30-year home loans fell to just 4.85 percent this week from 4.98 percent last week, Freddie Mac said Thursday. ...
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Indictments filed in largest-ever Washington mortgage fraud
Seattle Post Intelligencer - USA
In one case, a now-indicted mortgage broker obtained a $2.3 million loan for housecleaner to buy a tiny Medina home. Another purchaser, a janitor who earned ...
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European Shares Are Little Changed: H&M Falls, Volkswagen Gains
Bloomberg - USA
Volkswagen surged 7.6 percent after part-owner Porsche SE refinanced a 10 billion-euro ($13.6 billion) loan, spurring speculation that the sports-car maker ...
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Home Loan Modifications in a Time of Crisis
HULIQ - Hickory,NC,USA
Modifying your home loan is something that gives home owners the option of maintaining ownership of their property, and it is a great opportunity that ...
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Motorists joins Federal Home Loan Bank
Bizjournals.com - Charlotte,NC,USA
Cincinnati-based Federal Home Loan Bank, a government-sponsored bank that provides a steady source of credit to hundreds of Midwestern banks and insurers, ...
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Google Alert - home owner loan

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Century 21 Real Estate First-Time Home Buyer Survey Reveals ...
Business Wire (press release) - San Francisco,CA,USA
However, 75 percent of potential first-time home buyers believe it is difficult to get a home loan right now and 74 percent think it is harder to get a loan ...
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"Public-Private Investment Program" complex, but may free up markets.
Examiner.com - USA
The whole transaction is almost transparent to the homeowner. The bundle buyer is free to renegotiate more favorable terms with homeowners if necessary. ...
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Google Alert - home owner loan

Google News Alert for: home owner loan

RBA chief Glenn Stevens suggests more help for home owners
Melbourne Herald Sun - Australia
Anthony Richards, the head of the RBA's economic analysis department, said the ability to service home loans had increased dramatically with the rate cuts. ...
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Wednesday, March 25, 2009

Google Alert - home owner loan

Google News Alert for: home owner loan

Business briefs: Homeownership center to help with home loans
The News-Press - Fort Myers,FL,USA
The Chase Homeownership Center is one of five in Florida that have loan counselors to help borrowers who have a home loan serviced by Chase, ...
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Google Alert - home owner loan

Google News Alert for: home owner loan

Federal Home Loan Bank of Atlanta Declares No Dividend for Fourth ...
FOXBusiness - USA
ATLANTA, March 25, 2009 /PRNewswire via COMTEX/ ----The Board of Directors of Federal Home Loan Bank of Atlanta (Bank) has announced that the Bank will not ...
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Google Alert - home owner loan

Google News Alert for: home owner loan

Undercover Operation Results in Fraud Charges Against ...
FOXBusiness - USA
Javell and Arroyo allegedly prepared and submitted to Countrywide Home Loans a loan application on behalf of the undercover agent posing as the nominee ...
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Google Alert - home owner loan

Google News Alert for: home owner loan

New Approach Needed for Mortgage Industry to Reach Struggling ...
FOXBusiness - USA
BEDFORD, Mass., Mar 25, 2009 (GlobeNewswire via COMTEX) ----The Obama Administration recently announced its Homeowner Affordability and Stability Plan, ...
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Google Alert - home owner loan

Google News Alert for: home owner loan

Six Questions to Ask When Considering Reverse Mortgages
FOXBusiness - USA
Is a reverse mortgage a better option than a home equity loan? For many retirees, the income and credit requirements on a home equity loan may prove an ...
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