Large HK banks under audit scrutiny An audit report has found problems at three top banks in Hong Kong. China's auditors have found more than US$1.2 billion in problem loans which highlight poor credit practices
Ballooning payments mean dangers lurk for interest-only loans OAKLAND, Calif. - Rachael Herron's new condo will assure her financial salvation, unless it provokes her ruin.via
Fewer buyers making down payments for home purchases Far fewer people are making down payments when they purchase homes than did just seven years ago, according to a new study by the California Association of Realtors.Commentread more...
Paulson Says U.S. May Expand Mortgage Aid (NYTimes.com via Yahoo! Finance) The Treasury secretary said the administration was in talks with the mortgage industry to expand a program that freezes adjustable rate mortgages for 5 years to include borrowers of
Getting started on a savings plan You should also check into stocks and bonds for investing, says Dr. Don.read more...
Lenders face challenges as mortgage rates reset this summer (Austin American-Statesman) The number of homeowners facing an increase in their subprime adjustable-rate mortgage payments will peak this summer, testing the efforts of lenders to keep those people out of foreclosure and
Prime Minister Gordon Brown’s government faced accusations of mismanagement Monday as it began nationalizing stricken mortgage lender Northern Rock PLC ? the first time in 20 years that a private company has been taken into public ownership.
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