Mortgage lenders vow 45-day deadline to let borrowers know loan help OK'd (The Oklahoman) WASHINGTON ? Mortgage companies, facing criticism that they aren't doing enough to stem the housing crisis, are pledging to let troubled borrowers know whether they're approved for help within 45
French police question rogue trader "Every two or three days, he was changing his position. He would input a transaction that would trigger a control in three days and before that happened he would replace
The Return of the Short Sale If you lived in California about fifteen years ago you probably remember short sales - it looks like they're about to make a comeback.read more...
For yield-hungry banks and thrifts, asset-based lending remains attractive In an environment characterized by a flattening yield curve, community banks and thrifts continue to take steps to gain better understanding of asset-based lending, while at the same time examining
Housing will quiet down: Greenspan FEDERAL Reserve chairman Alan Greenspan forecast overnight that a phenomenal boom in US housing will "inevitably simmer down." "Near term, the housing boom will inevitably simmer down," Greenspan said in
Rid real estate market of overseas speculators Real estate prices in Beijing, Shenzhen, Guangzhou, Shanghai and other cities are currently skyrocketing, while large numbers of newly built apartments lie empty.read more...
In all phases of the mortgage industry this week, from the people who make the loans to the people who insure them, the news was bad – and most of them expect it to get worse. Things have gotten so tough, title insurer Stewart Information Services Corp. said it could not cut costs fast enough in August and September to keep up with the plummeting market. The company has already made “significant …
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