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Trump Entertainment Interest Payment Grace Period To Expire - Bloomberg
dec. 31 (bloomberg) -- trump entertainment resorts inc.’s 30-day grace period to make an interest payment or renegotiate terms with bondholders expires today as the debt trades at a record low. the atlantic city, new jersey-based casino owner ...
www.bloomberg.com

Fed To Start Buying Mortgage-backed Securities
associated press - december 30, 2008 4:43 pm et washington (ap) - the federal reserve says it will begin purchasing up to $500 billion in mortgage-backed securities early next month in an...
www.khq.com

Capital Region Gets Low-income Housing Grants
low-income residents in placer county and many other parts of california will have new opportunities early next year to buy their first home or rehabilitate their house. help will come from more than $50 million in housing grants statewide, officials said tuesday. the grants use federal funds dispensed through the state department of housing and community development's home program. they ...
www.sacbee.com

Loan Modification Firms Causing More Problems For Homeowners - Rocky Mountain News
lee monson's home in parker. photo by cliff jette / special to the rocky lee monson, of parker, visits her son in cedar rapids, iowa, for the holidays. monson and her husband paid nearly $3,000 to a loan modification company, but she says it has done ...
www.rockymountainnews.com

Walking Away From A Mortgage No Longer Unthinkable - Associated Press
chicago (ap) -- diane shackle found it gut-wrenching to walk away from a mortgage she took out in times that were better for both her and the u.s. economy. but the reality was undeniable: while she was keeping up with the monthly payments, she said ...
hosted.ap.org

Fed Study Finds 169 Mortgage Finance Companies Failed Last Year
dec. 29 (bloomberg) -- federal reserve researchers found that 169 independent mortgage companies ceased operations in 2007, crimping credit to consumers as the economy plunged into a recession.
www.bloomberg.com

Long Island Mortgage Bank, Lend America, Vows To Save 10,000 Homes From Foreclosure In 2009
lend america, a long island mortgage bank, has a mission for 2009: to save 10,000 homes from foreclosure, nationwide.
biz.yahoo.com

(12-26) 04:00 Pst Los Angeles -- - San Francisco Gate
shortly after the rev. john lasseigne took over in summer 2008 as pastor of mary immaculate church of pacoima, a man and woman and their well-dressed children came to him after mass and asked the priest to pray for them because they were about to ...
www.sfgate.com

Types Of Mortgage Loans - Walletpop.com
fixed-rate loans. because they offer a monthly payment that is known and does not change, fixed-rate mortgage loans remain the most popular type. most fixed-rate mortgages are for loan terms of 15 or 30-years. a 30-year loan has lower payments but a ...
www.walletpop.com

Is 2009 The Time To Buy A Home In The Inland Empire?
interest rates are the lowest on record, making it cheaper than ever to get a 30-year fixed mortgage. but is 2009 the time to buy a home in the inland empire? that depends on how you look at it.
www.dailybulletin.com

Mortgage Rates Down Again After Rising Above 5.00 Percent Last Week
year rate now at 4.92%, according to zillow® mortgage rate monitor
biz.yahoo.com

California Home Loan Program Suspended - Inside Bay Area
it has got even harder for low- and moderate-income first-time home buyers to find an affordable loan, thanks to the state's budget problems. the california housing finance agency has temporarily suspended popular programs that help people get into ...
www.insidebayarea.com

Countrywide To Modify Loan Payments - Honolulu Star-bulletin
thousands of troubled hawaii homeowners who are struggling with rising mortgage payments due to subprime or pay-option loans may find some relief due to an agreement reached between countrywide financial corp. and the state. countrywide, which has ...
www.starbulletin.com

Existing-home Decline 8.6 Percent In November
existing-home sales – including single-family, townhomes, condominiums and co-ops – fell 8.6 percent to a seasonally adjusted annual rate of 4.49 million units in november from a downwardly revised level of 4.91 million in october, and are 10.6 percent below the 5.02 million-unit pace in november 2007.
www.buildingonline.com

Mortgage Rate Drop Helping In Nevada
‘twas the day after christmas and for some nevada residents, rate drops mean change may come - and not just in presidents. interest rates for 30-year fixed mortgages dropped nationally for the eighth week to reach 5.14 percent, the lowest on record since freddie mac (the federal home loan mortgage corp.) began a weekly rate survey in 1971. so loans are being written.
www.kvbc.com

Gov't Aims To Complete Indymac Sale By Year End - Associated Press
washington (ap) -- federal regulators are moving to sell the remnants of failed indymac bank before year end, mopping up from the second-largest bank failure this year. it was unclear wednesday whether the government would sell off indymac as a whole ...
hosted.ap.org

At Washington Mutual, A Relentless Urge To Approve Any Loan - International Herald Tribune
san diego : "we hope to do to this industry what wal-mart did to theirs, starbucks did to theirs, costco did to theirs and lowe's-home depot did to their industry. and i think if we've done our job, five years from now you're not going to call us a ...
www.iht.com

Area Mortgage Lenders Getting Crushed By Refi Applications
by barry shlachter some mortgage lenders, having laid off support staff during the past year’s meltdown, are finding themselves deluged with refinancing requests as rates fall below 5 percent. and the lenders have fewer back-office workers to handle all the paperwork. at bank of america’s countrywide unit, 300 employees who had been dedicated to home-equity lines of credit have been shifted to ...
www.star-telegram.com

Walking Out On Mortgage No Longer Unthinkable
diane shackle found it gut-wrenching to walk away from a mortgage she took out in times that were better for both her and the u.s. economy.
www.app.com

Us Hotel Shares Suffer In Year Of The 'staycation' - Pr Inside
new york (ap) - u.s. stocks plunged in 2008 as both consumers and businesses cut back on travel spending. demand for hotel rooms weakened in the spring and summer as soaring gas prices, the housing market crisis and broader worries about the economy ...
www.pr-inside.com