Search 1) News For: Bad Credit Mortgage Financing
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.
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.
Business financing may require 2 loans Business owners look for creative financing when traditional banks say their loans are too risky.
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.
Finance experts give Feds a thumbs-up On Sept. 7 the U.S. Department of Treasury and federal regulators officially announced a takeover of troubled mortgage giants Fannie Mae NYSE: FNM and Freddie Mac NYSE: FRE to bring stability to the financial markets, availability of mortgage financing and to protect taxpayers. Interest rates on conventional mortgages dropped immediately thereafter. FNM FRE
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.
Financial hurricane victim Lehman waited too long If the mortgage meltdown is like a financial hurricane, then think of Lehman Brothers as a casualty that waited too long to cry for help.
Grand vision for 'Aussie Mac' PROPERTY sector funds management and indices business Rismark International has called on the Federal Government to introduce an "Aussie Mac" mortgage financing conduit similar to ailing US giants Fannie Mae and Freddie Mac.
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.
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