Types Of Bankruptcy

Paper Giant Makes Cuts  Gripe long enough, and you just might see a company respond. Many professional investors had called upon International Paper to further restructure its operations, and it looks like they got


HBOS Boosted By British Mortgage Woes (Forbes)  Britain's largest mortgage lender is the main beneficiary of Northern Rock's woes.read more...


New Year Could Bring Economic Changes  People may feel less inclined to be big spenders this year as the housing market slips from its lofty perch, developments seen as producing slower, though still respectable, economic growth


Save by waiting out mortgage penalty (Bankrate.com via Yahoo! Finance)   Timing can be everything when it comes to prepaying a mortgage, says Dr. Don Taylor.read more...


Evaluating Ways to Nix Mortgage Insurance (AP via Yahoo! Finance)   If you're tired of making monthly payments toward private mortgage insurance, you may have an out. While these payments are irksome for many borrowers -- they aren't tax-deductible --


Europe's housing market sheltered from US mortgage crisis (AFP via Yahoo! News)   After the boom years of soaring house prices, the European housing markets appear to have stabilised and are generally sheltered from the fallout of the US subprime mortgage crisis,

July 11th, 2007

NAACP claims mortgage bias (Orlando Sentinel)

A lawsuit says a dozen lenders discriminated by steering blacks to higher-interest subprime loans. The NAACP sued a dozen mortgage lenders Wednesday, claiming the companies discriminated against blacks by steering them into higher-interest subprime loans while giving more-favorable loan terms to white borrowers.

read more…

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