Credit Scores Open the Door, or Keep It Closed When you apply for a mortgage, one of the first things the lender will look at is your credit score. read more...
Chat Plus Real estate editor Maryann Haggerty and columnist Elizabeth Razzi respond to a question adapted from a recent online chat. read more...
Chinese Eatery Sold Donkey in Tiger Urine (Reg Req'd) A restaurant in northeastern China that advertised illegal tiger meat dishes was found instead to be selling donkey flesh - marinated in tiger urine, a newspaper reported Thursday.read more...
Home being built in city by volunteers It's not often you see many women swinging a hammer but their numbers equalled the men at the Habitat for Humanity building site in Invercargill.via
Big mortgage lender's shares drop a 2d day (The Philadelphia Inquirer) LOS ANGELES - Countrywide Financial Corp.'s shares tumbled for the second day yesterday after the nation's largest mortgage lender said the delinquency and foreclosure rate on home loans in its
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“We are determined to assist borrowers who have the willingness and wherewithal to remain in their homes, but need a little help to do it.”
Countrywide Financial Corp., the nation’s largest mortgage lender, said Tuesday it will begin calling borrowers to offer refinancing or modifications on $16 billion in loans whose interest rate is set to adjust by the end of 2008.
Countrywide has been under fire since early July it has had difficulties with loan financing, its chief executive has been criticized for selling hundreds of millions of dollars in stock and it faces pressure from the government to help keep people from losing their homes.
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