Zero-down Loan Loophole To Be Closed - Detroit Free Press the housing law that takes effect wednesday ends a loophole that allowed many borrowers to put zero down on fha loans in recent years. large nonprofits that facilitate seller-funded down payment assistance have been fighting the change since july ... www.freep.com
Arcandor Plans Share Sale To Strengthen Equity Base (update3) the money will be used to strengthen the equity base, essen, germany-based arcandor said today in a statement. the retailer's supervisory board convened at the weekend after its stock fell 46 percent in the previous two days on concern that arcandor might have to sell thomas cook shares to meet loan guarantees. www.bloomberg.com
A Crash Course In Credit - Boston Globe to understand the urgency of the biggest government bailout in us history, look no further than don castle, roberta o'connor, and don chiofaro. castle is a lynn probation officer awash in mortgage and credit card debt who cannot get a new loan to pay ... www.boston.com
Bank Rates - Detroit Free Press major michigan financial institutions were surveyed last week to determine the interest rates they charge for loans, and apys they pay for savings deposits. rates were quoted as of friday. apys on deposit accounts are based on the minimum amount to ... www.freep.com
Wamu Is A Lesson For Private Equity the new era of private equity is proving treacherous for some old hands. the collapse of washington mutual highlights the point. the demise of the... seattletimes.nwsource.com
Aig Mulls Sale Of 15 Businesses To Repay $85 Bn Govt Loan comment on this ! your views! in a bid to secure its future as an independent company, the beleaguered insurance major american international group is contemplating sale of its 15 businesses in order to repay the $ 85 billion government loan, media report says. www.hindustantimes.com
Asean Economies Hamstrung By Credit Crunch - Forbes hong kong - the u.s. financial turmoil has not only caused asian stocks to crumble over the past two weeks. the credit crisis , which first made itself felt some 14 months ago, has had a much deeper and more damaging aftermath for the macroeconomies ... www.forbes.com
4 Lenders Must Stop Reverse Mortgages - Boston Globe state regulators yesterday ordered four companies to stop selling reverse mortgages, which are loans designed for senior citizens who want to cash out some equity in their houses. the division of banks said they violated a statute that sets standards ... www.boston.com
Macatawa Bank Takes $15 Million Charge For Loan Losses holland-based macatawa bank corp. announced it will be taking $15 million in loan loss provisions and $878,000 in losses on foreclosed homes, resulting in $8.1 million net loss for the second quarter. while those numbers are sobering, macatawa bank remains sound says macatawa bank chairman ben smith, “even after we take this charge we will still be a strong capitalized bank.” in ... www.hollandsentinel.com
Asean Economies Hamstrung By Credit Crunch the u.s. financial crisis is forecast to have impact on asean that is deeper and more damaging than simply causing equity markets to tumble, as well as harming asian capital markets elsewhere. www.forbes.com
Credit Crunch? - Northwest Herald don’t panic. those are probably two words left unsaid on wall street on monday when stocks plunged after the $700 billion financial bailout was voted down by the u.s. house of representatives. but as for folks on “main street” in mchenry county ... www.nwherald.com
Unlocking Your Home Equity - Cnn Money (fortune magazine) -- the housing rescue package that congress scrambled to pass in july was aimed primarily at stemming foreclosures and shoring up fannie mae and freddie mac. but it also contains provisions that make reverse mortgages a better deal ... money.cnn.com
Aig Mulls Sale Of 15 Businesses To Repay $85 Bn Govt Loan to receive offer details fill in the form. in a bid to secure its future as an independent company, the beleaguered insurance major american international group(aig) is contemplating sale of its 15 businesses in order to repay the $85 billion government loan, media report says. www.business-standard.com
Aig Mulls Sale Of 15 Businesses To Repay $85 Bn Loan the board of aig met in new york on sunday to discuss the radical plan for asset disposals aimed at helping the company emerge from its crisis. aig, was de facto nationalised this month when the us administration stepped in with an emergency loan after aig collapsed under credit related losses. the extended government loan would give washington the right to buy majority stake in the company. www.rediff.com
Homeowners Learn A Home Equity Lesson - Salon the wall street journal tells us today that defaults on home equity loans have become the latest "headache" for banks. oh sure, there is there is the requisite slapping around of those irresponsible spendthrifts who borrowed against their home equity ... www.salon.com
Home Equity Loan Avoids Fees Of Refinancing Mortgage - Keye Austin q. i would like to refinance my adjustable-rate mortgage to lock in one of today's low rates. but i don't want to pay a lot of fees for a new mortgage that would actually make my monthly payments bigger over the next year. refinancing would cost ... www.keyetv.com
Aig Mulls Sale Of 15 Businesses To Repay Usd 85 Bn Govt Loan in a bid to secure its future as an independent company, the beleaguered insurance major american international group is contemplating sale of its 15 businesses in order to repay the usd 85 billion government loan, media report says. www.outlookindia.com
Borrowing For Other Expenses - Cnn Money besides life's big-ticket items - home, car and college - you may be tempted to borrow money to pay for an assortment of other expenses such as furniture, appliances and home remodeling. generally speaking, it's best to pay up front for furniture and ... money.cnn.com