County weathers housing, lending slump
result. A recent national media report characterized home sales as "on a staircase to the ... counting on low interest rates and easy credit also could be left out in the ... market." The good news for buyers, but bad for sellers, is that home prices have ...
Markets positive on Fed interest rate decision
have been beset by troubles in global credit markets stemming from a sharp rise in ... earnings shouldn't suffer, housing is not so bad that it is going to derail the ... mortgage market turbulence. Shares of the government-sponsored home-loan financiers have surged in recent days on ...
What the hullabaloo means for you
situation holds, it will impact inflation in home prices, as some borrowers will be put ... subprime crisis, there's definitely some evidence that credit problems have spread to a higher grade ... to report increases in non-performing assets. That's bad news and will make mortgage issuers antsy. ...
No record, no salary, no problem
Low-doc home loans are no longer confined to specialist ... lenders to a mainstream offering of banks, credit unions and non-bank lenders. As with any ... cent. Some will lend to borrowers with bad credit histories; others will not. A low-doc, ...
Can the Economy Keep up the Pace?
recent turmoil in financial markets and tighter credit conditions. But they also stressed that "the ... of financial backers from the mortgage and home building industries is worrisome. The danger here ... $80 a barrel comes at a very bad time -- just as the peak of ...
Market insight: Sooner or later the Fed will cut interest rates
the dark days of the 1970s. The bad news is that the adjustment still has ... falling is not an attractive proposition. Falling home prices, declining housing market activity and rising ... do have access to other forms of credit but the end of abundant housing finance ...
Chuck Jaffe: How subprime mess, other news may affect your personal finances
situation holds, it will impact inflation in home prices, as some borrowers will be put ... subprime crisis, there's definitely some evidence that credit problems have spread to a higher grade ... to report increases in non-performing assets. That's bad news and will make mortgage issuers antsy. ...
Some lenders restricting people's access to home loans
A sign advertises a bank repossessed home for sale in San Clemente, Calif. Funding ... for people with limited documentation or slight credit issues. That followed bankruptcies for two of ... any buyers for CDOs. It is pretty bad, said Joyce DeLucca, founder and managing principal ...
Survey ranks M&T Mortgage in second place
Rising interest rates and falling or stagnant home values have caused a sharp rise in ... subprime industry loans to borrowers with bad credit but lenders are now reporting significant ...
Mortgage giant moves may not suffice
Federal National Mortgage Association and the Federal Home Loan Mortgage Corp. can hold as investments. ... to shoulder the blame for making a bad situation worse," Posner wrote. Not so fast, ... mortgages, those targeted to people with tarnished credit histories, to help borrowers with high-priced loans ...