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Delinquencies, Foreclosures Rise To More Than 9 Percent Of Us Home ... - Chicago Tribune
washington (ap) _ the source of trouble in the mortgage market has shifted from subprime loans made to borrowers with bad credit to homeowners who had solid credit but took out exotic loans with ballooning monthly payments. the mortgage bankers ...
www.chicagotribune.com

Inheritance Laws Can Work In Your Favor
q: i live in maryland. my father passed away in january, and i have inherited his townhouse. he had a mortgage. i am continuing to make the mortgage payments. i have not notified the mortgage company. i am unable to obtain financing for a home in my name at this time and was turned down for home loans twice. if the lender finds out that i now own the house, can they pull the loan? i don't want ...
www.washingtonpost.com

Rangel Paid No Mortgage Interest On Beach House
rep. charles rangel paid no mortgage interest on a beach resort property for about 15 years, a lawyer for the powerful house committee chairman says.
seattletimes.nwsource.com

Democrats Seek 2nd Round Of Stimulus - Washington Post
house speaker nancy pelosi argues that a new round is needed. (keith bedford - bloomberg news) congressional democrats reacted to yesterday's grim unemployment news by renewing calls for a second round of federal spending to stimulate the economy ...
www.washingtonpost.com

Lawyer: Rep. Rangel Paid No Mortgage Interest On Beach House For More ... - Chicago Tribune
washington (ap) _ rep. charles rangel paid no mortgage interest on a beach resort property for more than 10 years, a lawyer for the powerful house committee chairman said friday. the new york congressman's lawyer, lanny davis, told the associated ...
www.chicagotribune.com

Risky Loans Hurt Lender In California
downey has been racked by the mortgage crisis and federal regulators ordered it to shore up its finances and provide a detailed plan to reduce its assets and strengthen management.
www.nytimes.com

U.k. House Price Slump May Leave 1.3 Million In Negative Equity
sept. 5 (bloomberg) -- u.k. house prices will drop by as much as 35 percent from their peak last year, leaving as many as 1.3 million households with mortgages worth more than their property, analysts at sanford c. bernstein & co. said.
www.bloomberg.com

Rangel Got Interest-free Loan On Dominican Villa (update1) - Bloomberg
sept. 5 (bloomberg) -- new york representative charles rangel has received an interest-free loan from the developer of his dominican republic vacation villa since 1990, the resort's developer said. jose oliva, director of the punta cana yacht club ...
www.bloomberg.com

Uk's Brown Cuts House Tax At Start Of Fightback - Cnbc
british prime minister gordon brown cut an unpopular tax on home purchases on tuesday as part of a package designed to boost the country's slumping housing market and lift his flagging political fortunes. brown's government said properties worth less ...
www.cnbc.com

A.g., Lawmakers Brief Sleepy Hollow Students On College Loans
sleepy hollow - one of the first lessons of the year for high school juniors and seniors was a cold splash of reality: when you get around to applying for college loans, read the fine print, and don't get ripped off.
www.lohud.com

South Africa: Biggest Fall In 16 Years For House Prices
although the reserve bank kept interest rates on hold last month, this has brought little relief to the embattled residential property market with the latest data showing real house prices dropping 9,6% year on year in july, the biggest real price drop in almost 16 years.
allafrica.com

Feds Discussing Carmakers' Loan - Detroit News
washington -- the white house said tuesday it was in discussions about a proposal to give the auto industry $25 billion in government-issued low-cost loans, a sign that automakers may be making progress in their effort to get financial assistance ...
www.detnews.com

U.s. Mortgage Foreclosures, Delinquencies Reach Highs (update3) - Bloomberg
sept. 5 (bloomberg) -- foreclosures accelerated to the fastest pace in almost three decades during the second quarter as interest rates increased and home values fell, prompting more americans to walk away from homes they couldn't refinance or sell ...
www.bloomberg.com

Personal Finance Daily: The House Of The Future Will Need Somewhere To Plug In
our houses in the not-too-distant future will be capable of remarkable feats, wired to put energy efficiency, entertainment, health care and security -- among a number of other things, some of which we haven’t even thought of yet -- at our command 24/7.
www.marketwatch.com

Constitutional Tribunal Declares Transantiago Loans Illegal, Government Reacts - Chile
chile's constitutional tribunal (tc) has rejected loans obtained by the state from idb and the country's state-owned bancoestado to financially support capital santiago's transantiago mass transport system, the tc announced on september 2.
www.bnamericas.com

Big Three Bailout May Be Around Corner - Cnn Money
new york (cnnmoney.com) -- plunging auto sales, high gas prices and election year politics could help convince congress to approve a $50 billion loan package to embattled u.s. automakers that detroit's big three claim is key to their future success ...
money.cnn.com

Developer Offers Loans To Boost Housing Market - Independent
a leading developer is attempting to kick-start the faltering housing market by offering house buyers an interest-free loan on part of the property. the move by developer glenkerrin homes comes as new figures show a 71pc decline in new houses ...
www.independent.ie

It's More Than A Mortgage
for marc laplante and his partner, mitchell keiver, the decision to buy a house wasn't simple.
www.washingtonpost.com

Rangel Had No-interest Mortgage More Than 10 Years
rep. charles rangel paid no mortgage interest on a beach resort property for more than 10 years, a lawyer for the powerful house committee chairman said friday.
news.yahoo.com

Rangel Was Unaware Of No-interest Loan - Washington Post
rep. charles b. rangel (d-n.y.) did not know that the caribbean resort villa he purchased 20 years ago was financed with a no-interest mortgage from the developer and has generated $75,000 in income that he should have reported on tax and financial ...
www.washingtonpost.com