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Loan firm leaders say credit crisis worst to come The leaders of an Oklahoma City company that markets huge portfolios of bank loans saw the subprime mortgage crisis coming. And now they perceive more misery. How bad is the current credit crisis going to get? "You don't want to know,��� said Bliss Morris, chief executive officer of First Financial Network. "It's a tidal wave.��� First Financial Network, based in Oklahoma City, is the nation's ...
Chatzky: Raiding the 401(k) is an unwise move With people behind on mortgage payments and credit card bills, and short on cash for basics like gas and food, some are taking desperate measures. Raiding your 401k, or 403b, is one way to get quick cash, but in most situations it is a bad idea.
Fed eases access to emergency credit The Federal Reserve has announced new steps to ease access to emergency credit for struggling financial companies, by broadening the collateral to be used for central bank loans.
Mortgage Bailout Forces Denver Real Estate Investors to Find Alternative Wholesale Deal Sources The solution for savvy real estate investors seeking immediate access to investment property lies in alternative sources of investment real estate on wholesale websites like RehabDealsColorado.com . As the federal mortgage bailout looms, Denver area real estate investors are forced to seek investment property from less traditional sources. Over the past several months, fewer REO bank owned ...
State probes Fossil Butte Drive mortgage-fraud allegations Belinda Gardner thought it was too good to be true when a mortgage broker offered to pay her $20,000 if she would buy a new house on Fossil Butte Drive in northeast Colorado Springs and promise to live in it, even though she had no intention of moving.
Real Estate: Mortgage rates are lower, but getting a home loan is no easier The government takeover of mortgage giants Fannie Mae and Freddie Mac has pushed mortgage rates lower, a boon for some home buyers and homeowners seeking to refinance, but it is not automatically going to make home loans easier to obtain.
Fed announces credit crisis actions WASHINGTON -- The U.S. Federal Reserve announced several steps to cope with the worst credit crisis in decades, including broadening the types of assets that investment banks can put up to get emergency loans from the Fed.
Mortgage crisis still squeezing WaMu Washington Mutual says it will take another multibillion write-down for bad bets on mortgage securities but insists it has adequate capital to fund its operations amid concern about the thrift's financial stability.
Fed moves to ease credit crisis The Federal Reserve announced late Sunday several steps to cope with the worst credit crisis in decades, including broadening the types of assets that investment banks can put up to get emergency loans from the Fed.
Mortgage Company Employee May Have Sold Names Families across the country are receiving letters saying someone from their mortgage company may have sold their personal information.
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