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October 8, 2008 5:26:59 AM CDT

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Stories related to: home loans

Stories

Stories 1 - 20 of 28

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  • July 2008

    • These Days, Local Banks Look Good

      New York Times  |  Jul 19, 08 10:35 AM CDT

      These Days, Local Banks Look Good

      (Newser) - Community banks may seem like quaint relics to those who prefer banking online, but IndyMac's meltdown should have us thinking differently, Ron Lieber writes in the New York Times . Lieber visited a bank in small-town Maryland, and found a friendly, gray-haired manager who gives banking a personal touch. “If you miss a beat, I’ll call your mother,” he jokes—sort of. More »

      Tags

      money  • bank  • home loans  • bank failure  • savings  • community

    • Mortgage Insurers Feel Pinch, Pull Back on Loans

      Wall Street Journal  |  Jul 15, 08 9:51 AM CDT

      Mortgage Insurers Feel Pinch, Pull Back on Loans

      (Newser) - Mortgage insurers facing mounting defaults are tightening their standards, adding another hurdle for potential homebuyers, the Wall Street Journal reports. Beleaguered and risk-averse banks are making more mortgage applicants apply for insurance, just as insurers are declaring more parts of the country “declining markets.” making insurance harder to obtain. The result is “wreaking havoc” on the industry, one bank representative tells the Wall Street Journal. More »

    • A Year On, Credit Crisis Lingers

      New York Times  |  Jul 1, 08 7:09 AM CDT

      A Year On, Credit Crisis Lingers

      (Newser) - Despite assurances from some experts that the credit crisis would be short-lived, the forecast remains bleak after more than a year of frustrations, the New York Times reports. In a “vicious circle,” falling home prices lead to more bad loans, which makes credit harder to get so that fewer people can buy homes, Vikas Bajaj writes. Yesterday, the stock market finished its roughest 12 months since 2003. More »

      Tags

      stock market  • credit crisis  • Wall Street  • mortgage crisis  • bank  • home prices  • home loans  • financial sector

  • June 2008

    • Obama VP Vetter Draws Heat for Iffy Salary, Mortgages

      Washington Post  |  Jun 11, 08 11:27 AM CDT

      Obama VP Vetter Draws Heat for Iffy Salary, Mortgages

      (Newser) - The questionable past of the man leading Barack Obama's VP search was a gift to the GOP trying to rough up Obama's image as a squeaky-clean outsider, the Washington Post observes, but it also underscores the difficulty the Democrat faces in broadening his grass-roots campaign to the general-election stage. Obama has to bring aboard Washington insiders like former Fannie Mae CEO Jim Johnson, but the Johnson choice has backfired badly. More »

      Tags

      Barack Obama  • Fannie Mae  • home loans  • Jim Johnson

  • March 2008
  • February 2008

    • Home Sales, Prices Sink Again

      Wall Street Journal  |  Feb 25, 08 10:05 AM CST

      Home Sales, Prices Sink Again

      (Newser) - Existing-home sales and home prices continued to fall in January, indicating that would-be buyers are waiting for the market to bottom out, the Wall Street Journal reports. "Inventories are high, so it's not surprising prices are declining," said one economist, who described home sales as "soft but fairly stable." The resale number actually beat economists' projections. More »

      Tags

      home prices  • home loans  • existing home sales

  • January 2008
  • December 2007

    • New Home Sales Hit 12-Year Low

      Bloomberg  |  Dec 28, 07 11:00 AM CST

      New Home Sales Hit 12-Year Low

      (Newser) - New home sales fell much farther than expected in November, hitting their lowest point since 1995, Bloomberg reports, and the slide only likely to get worse. Sales fell to an annual pace of 647,000, a 9% drop from October’s revised-down 711,000 rate. Prices are falling, but buyers either aren’t interested or can’t get loans because of tighter credit conditions. More »

      Tags

      credit crisis  • subprime mortgages  • housing market  • housing crisis  • home sales  • home loans

    • Mortgage-Rate Freeze Draws Backlash

      Wall Street Journal  |  Dec 1, 07 11:51 AM CST

      Mortgage-Rate Freeze Draws Backlash

      (Newser) - Not everyone is applauding Treasury Secretary Hank Paulson's plan to freeze adjustable mortgage rates on distressed home loans to help contain the spreading subprime crisis. Some analysts think the plan will only postpone foreclosures, rather than preventing them. And now that loans are bundled and sold to investors, some of those investors resent what they see as government interference with their property, the Wall Street Journal reports. More »

      Tags

      subprime mortgages  • Henry Paulson  • Treasury Department  • borrowers  • home loans

  • November 2007

    • '08 Subprime Fallout: At Least 1.4M Foreclosures

      Wall Street Journal  |  Nov 27, 07 11:02 AM CST

      '08 Subprime Fallout: At Least 1.4M Foreclosures

      (Newser) - The subprime mortgage fallout will continue through 2008, with 1.4 million Americans facing foreclosure, municipalities losing more than $6.6 billion in taxes, and h