Texas Bankruptcy Laws

Longtime Brookings firm buys way into Sioux Falls  Fishback Financial Corporation announced Monday it is entering the Sioux Falls banking market with the acquisition of FMB Bankshares, the holding company for First American Bank & Trust.read more...


Home prices pushes more buyers to 40-yr loans  Sky-high prices are not preventing cash-strapped consumers from getting the house of their dreams now that lenders are letting them drag out the term of their mortgages to 40 years.read


Spring mortgage foreclosures topped percentage a year ago (The Philadelphia Inquirer)  Mortgage foreclosures climbed in the spring as higher interest rates and energy prices made monthly payments harder for some homeowners to make, a trade group reported yesterday.read more...


Italian bank executive resigns after failed takeover bid  The chief executive of Banca Popolare Italiana Gianpiero Fiorani, who is under investigation over irregularities in the bank's failed bid to take over a major Italian rival, has resigned.read more...


Battered Gulf Coast homeowners to start making mortgage payments again (San Diego Union-Tribune)  OCEAN SPRINGS, Miss., 10:49 a.m. Dec. 1 (AP): Like many homeowners around here, Janet Kisling owes a pile of debt on little more than a pile of debris. She has


AIB lowers tracker mortgage margins (RTÉ News)  AIB says it has dropped the margins on its mortgage tracker rates, which shadow the European Central Bank's main interest rate. For owner-occupier mortgages, margins now range from 0.6 points

January 10th, 2008

Fed Takes Aim at Deceptive Home Lending Practices

The Federal Reserve proposed new regulations yesterday to clean up a broad array of deceptive mortgage lending practices, a move that represents the central bank’s most significant response to the nation’s housing tumult.


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