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11/29/2008 News For:

Commercial Vehicle Insurance Mortgage

Meltdown far from over, new mortgage crisis looms  NEW 12 p.m. WASHINGTON, D.C. -- Black Friday's retail shoppers hunting for holiday bargains won't be enough to stave off what's likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, commercial victims of the same events poisoning the housing market. Hotels in Tucson, Ariz., and Hilton Head, S.C., also are about to default on their mortgages.

Meltdown far from over, new mortgage crisis looms  Texas is particularly vulnerable to another nationwide mortgage crisis, this time hitting commercial businesses such as malls.

Jack Guttentag: The Mortgage Professor  Many mortgage borrowers are tempted to finance their closing costs -- that is, to add the costs to the loan amount. This could be attractive to borrowers who can earn high returns on their free cash, or those who don't have any free cash.

Regular Premium Insurance Policies: Further clarification on the ICOBS requirement to disclose total premium  In July 2008 we sent letters to several trade bodies setting out our expectations in relation to the disclosure of total premium by firms selling regular premium Mortgage Payment Protection Insurance ��MPPI��. We have previously communicated the same message around disclosure of total premium for shorter term PPI policies such as those for personal loans.

Loan crisis goes commercial  Black Friday's retail shoppers hunting for holiday bargains won't be enough to stave off what's likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, commercial victims of the same events poisoning the housing market. Hotels in Tucson, Ariz., and Hilton Head Island also are about to default on their mortgages. That pace is expected to quicken. The ...

Meltdown far from over, new mortgage crisis looms  Meltdown far from over, new mortgage crisis looms

Fed Commercial Paper Holdings Rise to $295.1 Billion (Update2)  Nov. 28 -- The Federal Reserve expanded its purchases of commercial paper to $295.1 billion and its loans to securities firms increased as the central bank uses its balance sheet to combat the worst financial crisis in seven decades.

SoCal Assemblyman Pushes Mortgage Moratorium Plan  An assemblyman from the South Bay says he will try again to get the California Legislature to approve a moratorium on mortgage foreclosures, a plan backed by the governor but strongly opposed by the state's banks, it was reported Saturday.

Mortgage payments sometimes rank low in priority  Study: Borrowers default on home loans before car loans, credit cards. Behind the mortgage crisis lurks some consumer behavior that, at first glance at least, seems puzzling.

Meltdown Far From Over, New Mortgage Crisis Looms  Analysts say the next economic crisis might involve malls, hotels and other businesses affected by the mortgage crunch.