Thursday, May 7, 2009

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City Journal
Obsessive Housing Disorder
City Journal - New York,NY,USA
Instead, the feds responded to the crisis with the Home Owners' Loan Corporation (HOLC), a New Deal bailout program that made government an even bigger ...
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TheMustangNews.com
Handful of Original Mustang Owners Honored at 45th
TheMustangNews.com - Phoenix,AZ,USA
The car was paid off, so I took out a home loan using 'Poppy' as collateral." - Laki Malamatenio, original Mustang owner, 1964½ Poppy Red Mustang 289 Laki ...
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Bad credit loans non homeowner - interest free loans for non home ...
NewDesignWorld (press release) - Oxford,Oxfordshire,UK
Although, preferably providers of loans for home owners is well known, it is not not respond to borrowers other than homeowners. So you non-owners can also ...
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Earn 18% a year: help a defaulting homeowner
Realestateweb.co.za - Johannesburg,Gauteng,South Africa
In other words, the value of their home needs to be more than the value of their loan. But Telefin owner Fritz Smith insists a comparison to AMS is ...
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Wednesday, May 6, 2009

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In South Florida, most people who bought homes during boom are ...
MiamiHerald.com - Miami,FL,USA
On Wednesday, however, the Senate passed a bill reforming the $300 billion ''Hope for Home Owners'' program that encourages lenders to write down the ...
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Regulation Didn't Save Canada's Banks
Wall Street Journal - USA
A homeowner in the US can simply walk away from his loan if the balance on his mortgage exceeds the value of his house. The lender has no recourse except to ...
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The Home Owners' Loan Corporation provides a useful history lesson ...
American Enterprise Institute - Washington,DC,USA
The Home Owners' Loan Corporation (HOLC), little known or remembered now, has an instructive history, beginning in 1933 during a housing and mortgage ...
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Yellowstone Club owner says she opposed $375 million loan
Great Falls Tribune - Great Falls,MT,USA
"I was quite concerned with us getting a loan of that amount of money," she said. "Tim was the decision maker and when it came down to a decision that was ...
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First-time buyers a ray of hope for builders
Dallas Morning News - Dallas,TX,USA
While newly built homes are generally too expensive for the average newbie homeowner, Centex caters to them. Half of Centex's homes sold in the most recent ...
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The Associated Press
Senate moves toward easing mortgage terms
The Associated Press
The program, which is set to expire in 2011, is intended to swap out a homeowner's high-interest rate for a 30-year fixed loan backed by the Federal Housing ...
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Almost a Quarter of US Homeowners Are Underwater
Bloomberg - USA
The Fed has pushed 30-year fixed home loan rates to a record low by purchasing mortgage- backed securities. The jobless rate jumped to 8.9 percent last ...
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Help for troubled homeowners is here
Santa Rosa Press Democrat - Santa Rosa,CA,USA
Unfortunately, this did not help the struggling homeowner who could not refinance because their equity had eroded due to declining home values. ...
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SC Supreme Court halts some foreclosure sales
Charleston Regional Business - Mount Pleasant,SC,USA
Fannie Mae sought the temporary injunction so it could implement the Obama administration's Home Affordable Modification Program, which lowers monthly ...
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Florida Based Loan Modification Expert and Mortgage Broker Reveals ...
SBWire (press release) - Green Bay,WI,USA
Then lender will be paid $1000 for each loan modification and up to an additional $3000 over a period of 3 years as long as the home owner continues to make ...
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When To Refinance Your Home Mortgage
Nurido - Steyr,Austria
There are several benefits to refinancing your existing home loan: First, refinancing allows a home owner to lower his or her existing monthly mortgage ...
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Home Healthcare Spectrum Commercial Lending, Inc. Closes ...
PR-USA.net (press release) - Varna,Bulgaria
These loans consisted of both owner-user and investor deals. One such owner-user project was structured using the SBA 504 program. The project consisted of ...
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Free Mortgages Cut Homeowner Pain as Rates Go to Zero
Bloomberg - USA
At that level, the payments on Weitzman's interest-only loan would jump to 670 pounds a month. At a regular Sunday afternoon get-together in March, ...
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GMAC reports first-quarter loss of $675 million
Los Angeles Times - CA,USA
GMAC, the auto and home lender that received a $6-billion government bailout, reported a first-quarter loss Tuesday of $675 million in part on surging loan ...
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Foreclosures aren't just for subprime buyers anymore
Houston Chronicle - United States
President Barack Obama's Homeowner Affordability and Stability Plan has no provision to help jumbo mortgage borrowers. The plan focuses on shoring up home ...
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Credit Crunch Has Small Business Crying 'Help!'
New America Media - Los Angeles,CA,USA
"So, he had to stop his trucking, and his home eventually went into foreclosure." Sokhom said PACE tried to help him renegotiate the loan with the bank, ...
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Veterans mortgage loans available at rate of 4.85%
The Daily Kenoshan - Kenosha,Wisconsin,USA
WDVA state veterans home loans may be used to finance the purchase or construction of a single family home, a condominium or 2-4 unit owner occupied ...
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Tuesday, May 5, 2009

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ACORN: Give strapped owners more time to save homes
Houston Chronicle - United States
Specifically, ACORN wants lawmakers to extend the time a homeowner has to resolve their finances before they lose their homes from 20, days to at least 45 ...
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Losses expand at Ditech.com parent
OCRegister - Santa Ana,CA,USA
The lender is affiliated with General Motors, making loans to its customers, and was a big player in the home-loan market until investors abandoned mortgage ...
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House-Price Drops Leave More Underwater
Wall Street Journal - USA
By RUTH SIMON and JAMES R. HAGERTY The downturn in home prices has left nearly 30% of US homeowners owing more on a mortgage than their homes are worth, ...
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New loan-approval steps creating controversy
Park Record - Park City,UT,USA
by Andrew Kirk, OF THE RECORD STAFF There's a lot of anger in the home-loan industry right now over a new regulation that is described as trading one slave ...
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SBA honors NM small businesses
Bizjournals.com - Charlotte,NC,USA
A young business owner who started his company at 21, when he was still in college, was named the Young Entrepreneur of the Year for New Mexico, ...
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Union Credit Bank approved for $2.7M in TARP funds
Bizjournals.com - Charlotte,NC,USA
The bank has five years to repay the loan plus 5 percent annual interest. After five years, the interest rate would increase to 9 percent. ...
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Federal Realty Investment Trust inks $372M refinance
Bizjournals.com - Charlotte,NC,USA
Rockville-based Federal Realty Investment Trust (NYSE: FRT) announced Monday that it has closed a new $372 million unsecured term loan facility, ...
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Lenders One Member Sells First Home Affordable Refinance Loan to ...
Business Wire (press release) - San Francisco,CA,USA
Refi Plus is new under President Obama's Homeowner Affordability and Stability Plan, which is designed to streamline the refinance process of existing ...
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GMAC Reports $675 Million First-Quarter Loss as Defaults Rise
Bloomberg - USA
As part of gmac's agreement to become a bank, majority- owner Cerberus Capital Management LP was forced to relinquish most of its stake. ...
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Monday, May 4, 2009

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Yellowstone Club owner nervous about loan
The Bozeman Daily Chronicle - Bozeman,MT,USA
Edra Blixseth testified during week two of a Chapter 11 bankruptcy hearing to hash out who should be held responsible for the $375 million loan taken out in ...
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Citizens gets $300m as loan losses grow
Boston Globe - United States
By Beth Healy Citizens Bank received $300 million in new capital from its overseas owner as loan losses accelerated during the first quarter of this year ...
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Fifth Third stock jumps after Freddie Mac news
Bizjournals.com - Charlotte,NC,USA
The government program allows homeowner and banks to work out refinancing deals up to 105 percent of loan-to-value ratio, with no appraisal required on most ...
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Edra Blixseth takes stand at YC trial
Montana's News Station - Missoula,MT,USA
The owner of the ultra-exclusive Yellowstone Club says she opposed a $375 million loan blamed for the resort's financial collapse, but never tried to stop ...
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No Sale: Bank Wrecks New Houses
Wall Street Journal - USA
But it's up to the owner to see what is best for them." Home prices in San Bernardino County, where Victorville is located, have fallen 60% from the housing ...
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Santa Anita Park's owner gets OK to sell racetrack
Los Angeles Times - CA,USA
Canada-based Magna filed for Chapter 11 bankruptcy protection in March after defaulting on conditions of a bank loan. Santa Anita is in its off-season, ...
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Are FHA loans the new subprime?
BloggingStocks - USA
The home owner will be rewarded with greater equity and there will be less risk to taxpayers in the event of a default. Secondly, there is simply no reason ...
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Boston Globe
As Globe closure looms, pressmen reach agreement; Guild goes home
Boston Globe - United States
Loan sharks should not be at the top of the business food chain. "It's the same bullying and pressure tactics." This is the pot calling the kettle black ...
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ServiceLink offering Loan Modification & Refinance Services for ...
Business Wire (press release) - San Francisco,CA,USA
... Loan Modification & Refinance services for mortgage lenders and servicers offering loan products under the Homeowner Affordability and Stability Plan. ...
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Fifth Third Mortgage Company Refinances More Freddie Mac Loans ...
SYS-CON Media (press release) - Montvale,NJ,USA
For instance, if a home is worth $100000 (using an automated valuation model), under this program, a homeowner may be able to refinance their mortgage up to ...
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Recent Government Initiatives Force Banks To Make Important
The Metropolitan Coporate Counsel - Mountainside,NJ,USA
The Homeowner Plan is intended to help seven million to nine million homeowners restructure or refinance their mortgages in order to avoid foreclosure. ...
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BUYINS.NET: NMTI, ZIPR, LUNA, SOFO, ABVA and HWFG Expected To Be ...
TMCnet - USA
It offers loans to small businesses and middle market companies, professionals, home builders and commercial real estate developers, and consumers. ...
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Honk If I'm Paying Your (Second) Mortgage
WebCPA - New York,NY,USA
Under this new measure, which, ahem, is slated to be paid for by the original $50 billion from the TARP funds earmarked for homeowner bailouts, ...
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MOVED TO TEARS
Philadelphia Inquirer - Philadelphia,PA,USA
But an eviction still means the death of the American dream of home ownership. On a beautiful spring day last week, John Mancinelli, 32 - owner of A Town ...
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The Register-Guard
The Register-Guard - Eugene,OR,USA
Eugene-based foreclosure counselor Stacey Howard testified in favor of Senate Bill 628 after she tried to reach Chase Home Lending on behalf of a homeowner ...
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Leading Loan Modification Attorney Announces New Program to Save ...
Emediawire (press release) - Ferndale,WA,USA
Additional information about Joseph Hoats and qualifying procedures for the new Homeowner Stability Solution are available at Homeowner Stability Loan ...
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SUSAN TOMPOR Q&A: Modifying loans tougher when job's gone
Detroit Free Press - United States
A loan servicer can provide forbearance for a limited time if a homeowner is unemployed, she said. But ultimately, a borrower must have sufficient income to ...
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'Lifestyle business' looks for a loan
The Tennessean - Nashville,TN,USA
Am I likely to get a loan? Bankers and others usually think of a "lifestyle business" as one with limited growth. The owner usually wants to earn enough ...
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Sunday, May 3, 2009

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US Senate rejects anti-foreclosure measure opposed by banks
World Socialist Web Site - Oak Park,MI,USA
Current laws barring bankruptcy judges from altering home loan provisions specifically target working families as opposed to wealthy owners of multiple ...
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Renegotiated loans will ease fallout, one broker says
Palm Beach Post - FL, United States
The struggling mall's owner, Simon Property Group, stopped repaying its $55 million loan, the bank says. Other defaults include lower-profile properties ...
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Foreclosed and furious: Bank-owned homes bear scars from former ...
The Coloradoan - Fort Collins,CO,USA
A four-bedroom, two-bath home in Waterglen, being sold by the Department of Veterans Affairs — which foreclosed on a VA guaranteed loan — was on the market ...
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Rx for mortgages: Local pair teams up to offer help, warnings
TheReporter.com - Vacaville,CA,USA
He believes he can help the beleaguered homeowner. fee, include legal advice about choices related to a pending or possible foreclosure, information about ...
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Chris Pietsch/The Register-Guard
The Register-Guard - Eugene,OR,USA
The home loan industry will never be the same. "The requirement for your parents and my parents was you put 20 percent down and you can spend 25 percent of ...
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Buyer beware: Homeowner may be responsible for delinquent tax
Daily Press - Newport News,VA,USA
The lender's policy is $837 and the homeowner's policy is $424 for coverage that extends not only as long as the client owns the house, but afterward, too. ...
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Saturday, May 2, 2009

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Credit crunch for small businesses may be easing
Houston Chronicle - United States
... capital available to small-business owners around the country. The act also temporarily waives the guarantee fees passed on to borrowers on 7(a) loans. ...
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Mortgage trouble? Here's help
Philadelphia Inquirer - Philadelphia,PA,USA
The state housing-finance agency buys the loan directly from the homeowner's lender, then sets up an affordable repayment agreement. ...
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Orlando-area lenders start to go easier on home defaults
Orlando Sentinel - Orlando,FL,USA
The Orlo Vista homeowner recently forestalled the loss of his property by persuading his lender to work with him on a second loan modification. ...
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Equity release loan boom fuels fears elderly will lose out
guardian.co.uk - UK
A small proportion of equity release plans involve the homeowner selling a proportion of their property in exchange for a lump sum. ...
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Buying a home costs more than you think
The Times - Johannesburg,Gauteng,South Africa
As if banks demanding up to a 30% deposit on home loans is not bad enough, there seem to be many other costs. What do prospective home owners need to budget ...
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Homeowners who want to sell adjusting to the new normal
San Jose Mercury News - CA, USA
On Hervey Street near the railroad tracks on the fringe of Willow Glen, one homeowner is stuck with a double whammy — a divorce and a lost job. ...
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Reserve funding for homeowner association important now
The Desert Sun - Palm Springs,CA,USA
Reserve studies are a very important part of a homeowner association's financial plan. Typically, the annual operating budget is the most visible — one line ...
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Friday, May 1, 2009

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Benefits Of Refinancing Your Mortgage
Nurido - Steyr,Austria
Most homeowners will refinance a mortgage at least once, and statistics say that the average homeowner refinances their home every four years. ...
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In the Region | Westchester
New York Times - United States
One benefit of these loans is that the homeowner retains title to the house, and can use the reverse-mortgage money to avoid relying on Medicaid — which ...
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New York Times
New Yorkers Miss Refinancing Spree
New York Times - United States
But even those who can refinance a home with a loan of $417001 to $729750 cannot get the best deals, because lenders view such borrowers as riskier than ...
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Lenders offer leniency
Myrtle Beach Sun News - Myrtle Beach,SC,USA
By Jessica Foster - jfoster@thesunnews.com Mortgage rates have hit historic lows, enabling home owners to slash their monthly payments by locking in a new ...
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Tampabay.com
Tampa Bay companies help lenders transfer home loans, foreclose
Tampabay.com - St. Petersburg,FL,USA
Although he has yet to miss a payment on his Sarasota home, he decided in February to try to modify his loan terms. That's when Worthington learned that the ...
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New loans for car dealers - but will they help?
CNNMoney.com - USA
Also, the most common type of loan an auto dealership takes out is what's known as "floorplan" financing, which allows the dealer to borrow money to buy ...
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Mortgage Protection- Helpful Facts About Mortgage Lender
Nurido - Steyr,Austria
If you are a homeowner looking for a mortgage with a poor credit rating you will be the most likely need to borrow from a sub prime mortgage lender. ...
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Best Syndication
Debt Consolidation UK- Remove all your mess of Debts with Easy Finance
Best Syndication - Pinon Hills,CA,USA
To know more about Unsecured debt consolidation loans UK, Secured debt consolidation loans UK, Homeowner debt consolidation loans, non homeowner debt ...
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Washington Post Real Estate editor and columnist
Washington Post - United States
Why hasn't the market value for these properties been affected along with primary resident home values? Maryann Haggerty: Because the owners are sitting on ...
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Owners of small Treasure Coast businesses say they aren't getting ...
TCPalm - West Palm Beach,FL,USA
A Small Business Administration spokesman in Washington has two words of advice for small business owners having difficulty getting SBA loans: Keep trying. ...
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Loan Modification Hate Talk
WebWire (press release) - Atlanta,GA,USA
Homeowners can contact their lender and request a loan modification be done on the homeowner's behalf. However, one should stop and reason the logic behind ...
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Lex-Fayette home price declines mild compared to nation
Business Lexington - Lexington,KY,USA
The Kentucky Housing Corporation is offering up to $4500 for down payment and closing costs for first-time home buyers who obtain a KHC home loan. ...
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STATE AG SAYS LOAN CREEPS STOLE HOMES
The Jersey Journal - NJ.com - Jersey City,NJ,USA
The defendants offered to help save the victim's home by paying the balance of the homeowner's delinquent mortgage and then entering into a sale/leaseback ...
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