Archive for April, 2008
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How refinancing debt can let you get ahead [3 hrs ago]
NewsOK.com (subscription), OK - Getting a lower interest rate on home debt, reducing a monthly house payment, consolidating debt, getting cash out of home equity for a special purpose … |
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IDEX Online Research: US Mortgage Mess Mostly Manufactured by the …
IDEX Online, Israel - Here's why: nearly one-third of the nation's homeowners – 24 million – own their home free and clear. That means they have no mortgage, no home equity loans … |
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Consumer Confidence Slips as Home Prices Drop
New York Times, United States - The fall in home prices has also cut into Americans’ home equity and forced many to grapple with mortgages now worth more than the house itself. … Confidence Falls as Home Prices Decline |
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Service Bancorp, Inc. Reports Results for the Quarter and Nine …
CNNMoney.com (press release) - At the same time we have been able to offer residential and home equity promotions this quarter to generate new customer relationships during this lower … Home Valley Bancorp Reports 1 st Quarter, 2008 Results North Valley Bancorp Reports Results for Quarter Ended March 31, 2008 Alliance Bancorp, Inc. of Pennsylvania Reports First Quarter … |
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Banks bank on ‘healthy' Canadian consumer
ReportonBusiness.com, Canada - But “I do not lose any sleep at night about our home equity business whatsoever,” Mr. McKay said, noting that “you can't compare the Canadian and US home… |
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If you like this post, please buy me a beer for $3 8-)![]() Earthtimes (press release) |
Countrywide loses $893 million in 1Q on rising loss reserve
The Associated Press - The mortgage lender recorded an impairment charge of $347 million during the quarter related to securities backed by home equity lines of credit. … Countrywide Reports $893 Million Loss From Bad Loans (Update5) Countrywide Sees Losses Widen in Q1; Prime Borrowers Hit a Wall, Too Countrywide posts $893 million first-quarter loss |
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Experts, consumers share home market views
USA Today - USA TODAY: Are home-equity loans fading as a popular source of cash because of declining home equity and stricter lending standards? … |
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News worth noting: Eli Broad, who co-founded KB Home, said today …
Los Angeles Times, CA - More: "'People were using their home equity as really an ATM machine,' Broad said, referring to an automated teller machine. 'They were spending more money … Mortgage legend says price slump deeper than seems |
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The Worst Is Over
Kiplinger.com, DC - That shock and the huge drag from the negative wealth effect — home equity is Americans' principal store of wealth — are enough to shave more than two … |
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