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    News and Articles on Home Financing

    Archives: Home Financing

    Anthony 'Sully' Sullivan, Co-Host of Discovery Channel 'PITCHMEN' and Longtime Friend of Billy Mays, Comments on Loss  Jun 29, 2009
    " Press Contact: Andrea Pass Steinreich Communications Office: 201-498-1600 Buzz up! Share this page Top Stories - AP - AP - AP - AP - AP Sponsored Links All Your Questions About Home Financing Answered and More. Free. Lower Your Monthly Payments! Reduce Your Debt By Up To 50% Now. Sick of Searching For A Honest Home Business? Search by zip plans at low price and maintain your finances. ADVERTISEMENT Tech Ticker Recent Posts - Chris Nichols - Sarah Lacy - John Paczkowski Subscribe to Topics... (Yahoo! Wire -- Entertainment News)

    The Proposal Starring Sandra Bullock and Ryan Reynolds Depicts Real Life  Jun 29, 2009
    "In a new survey of thousands of online daters nationwide, we asked: Sandra Bullock and Ryan Reynolds star in The Proposal, a movie about a US citizen engaged to his Canadian boss so she can stay in the Country and get her Green Card. Would you marry someone so they could stay in The United States?Following are the complete results: Men Women Yes 58.8% 60.9% No 29.4% 34.8% We also asked: If you would be willing to have a Green Card marriage, who would you wed so that they could stay in the... (Yahoo! Wire -- Entertainment News)

    Majority of All Parties Believe Governor Sanford Should Resign After Viewing Apology  Jun 27, 2009
    " Democrats Republicans Independents --------- ----------- ------------ MEAN 3.5 3.9 3.7 While viewing the video, participants indicated their levels of sincerity by moving their mouse from left to right on a continuum. The responses were recorded in quarter-second intervals and reported in the form of curves. The participants were also asked to respond to post-viewing questions.About MediaCurves.comMediaCurves.com () is a media measurement website that provides the media and general public... (Yahoo! Wire -- Entertainment News)

    WHAT IS A.P.R.?  Jun 17, 2009
    The most practical use for the A.P.R. in home financing is determining how large the closing costs are, including the points being charged on a fixed rate loan. Many lenders advertise their rates and follow them with an A.P.R. but fail to tell the borrower how many points, if any, are being charged. (Townhall.com)

    Banco do Brasil to Expand Small Company Loans by $5.93 Billion, Cuts Rates  Jun 16, 2009
    Banco do Brasil said in April it would lend 20 million reais to to build 500 homes in Sao Paulo, play a stronger role in home financing for low-income families and offer a new monthly 1. 99 percent rate credit line for durable goods included in recent government tax cuts. (Bloomberg -- Latin America)

    Wells Fargo to create 200 jobs in San Antonio  Jun 3, 2009
    A division of Wells Fargo Bank, N.A., it has a national presence in mortgage stores and banking stores, and also serves the home financing needs of customers nationwide through its call centers, Internet presence and third-party production channels. (NYSE: WFC) is a diversified financial services company with $1. (San Antonio Business Journal, TX)

    Informed Homebuyers Are More Effective Consumers  Jun 2, 2009
    The American Bankers Association has several home financing calculators available at. Look at the basics of the loan. (PR Newswire)

    Helping Clients Estimate Their Affordability Range  Jun 1, 2009
    What we as real estate professionals can learn from this example is that home financing eligibility guidelines are just that guidelines, ballpark figures to get the conversation going ... Mortgage Myths: 77 Secrets That Will Save You Thousands on Home Financing (John Wiley & Sons). (RealtyTimes)

    War Veterans Honored with Special Flag Ceremony  Jun 1, 2009
    Although bargain basement prices and tax credits are carrots dangling in front of renters, the recession has changed the real estate playing field and the home financing market has transformed. Consumers in the market for a mortgage need a secure job and a good FICA score in order to meet lenders' strict income and credit requirements. (Saint Louis Front Page)

    Seniors Only: Surviving the Economic Crisis with a Reverse Mortgage  May 27, 2009
    Real Estate News and Advice. In the midst of the current credit crunch, we tend to overlook the financial needs of senior homeowners, especially those who own their homes free and clear or are pretty close to being debt free. (RealtyTimes)

    R.I.P. Countrywide  May 16, 2009
    And so it was again: Only this time it is Bank of America Home Loans, and not Countrywide, ready to pummel me with the friendly message that it is "committed to providing you with new opportunities that fit your home financing needs today, and your plans for tomorrow.". There's something to be said for consistency. (Salon)

    Mortgage Investors Stand United in Support of Hope for Homeowners  May 7, 2009
    WASHINGTON , May 6 /PRNewswire-USNewswire/ -- The Mortgage Investors Coalition (MIC) continues to commend the efforts of the House and Senate in formulating changes to the Hope for Homeowners program that will allow for more homeowners to obtain permanent, low cost fixed rate home financing. The investment community offers its full support for these initiatives and advocates the creation of a task force to administer and implement a new program to provide immediate relief to homeowners facing... (PR Newswire)

    Economic indicators: Googling the future  Apr 17, 2009
    It appears that searches for estate agents work better than those for home financing. But anything that makes the crystal ball less cloudy is welcome. (The Economist)

    The prophets of doom  Apr 16, 2009
    But this is typical: "Myopia, opportunistic behaviour and insider protection: welcome to U.S. home financing policy.". MARTIN WOLF: Associate editor and chief economics commentator of the Financial Times; author of "Why Globalization Works" and "Fixing Global Finance.". (Salon)

    Area Snapshots  Apr 12, 2009
    Participants will learn about special affordable home financing options including down payment and closing cost assistance programs for eligible homebuyers. For details or to register, contact Ashley Pope at Headwaters RC82-7333, ext. (Montana Standard, MT)

     The Economy - What's up in Laurel?  Apr 2, 2009
    Banking and home financing. Your 401(k) and retirement. (Laurel Outlook, MT)

    Cody market good for first-time home buyers (259)  Apr 2, 2009
    Your home financing comes from tax-exempt mortgage revenue bonds. You are a nonresident alien. (Cody Enterprise, WY)

    Jonah Bank branching out  Mar 29, 2009
    Home financing and refinancing are still positive and "we haven't seen a noticeable change on loan demand on the commercial side either," he said. Business Editor Tom Mast can be reached at , or call 307-266-0574. (Casper Star-Tribune, WY)

    Obama online: President holds virtual town hall  Mar 27, 2009
    On the home financing crisis, the second question put to the president, he was asked how his programs helped homeowners who are not facing foreclosure but have been deeply hurt by the recession. Many homeowners, after the housing price bubble burst late last year, now owe more on their homes than the houses are worth. (MSNBC -- Technology)

    Record number of vendors to be at Black Hills Home Show  Mar 26, 2009
    Other seminar topics include home financing, energy-efficient replacement windows, spa maintenance and "aging-in-place" strategies -- ways to design, remodel or outfit a home to allow older residents to live independently longer. Children attending the show can win free prizes (including toy hard hats, while supplies last) and participate in such activities as a toy fishing contest. (Rapid City Journal, SD)

    Report: Long & Foster president to head FHA  Mar 24, 2009
    Sources confirmed to the Washington Post that Stevens has been going through the necessary background checks and his extensive experience in home financing attracted the Obama administration to him. He joined the Chantilly-based private real estate giant in July 2006 to head its affiliated businesses before being promoted to his latest role in October. (Washington Business Journal, DC)

    How Much Does a Foreclosure Cost?  Mar 16, 2009
    Realty Times - How Much Does a Foreclosure Cost. Real Estate News and Advice. (RealtyTimes)

    Real estate, stock mkt similar  Mar 16, 2009
    With the average home loan size hovering at Rs 15 lakh, according to the largest home financing company HDFC, and the ticket size for a 2BHK ranging from Rs 45-80 lakh, there is a big disconnect. The developers have finally realized that neglect of the strong middle class was a big blunder. (India Times)

    CHFA introduces new home-loan programs  Mar 13, 2009
    CHFA created the HomeOpener products through a new partnership with the Government National Mortgage Association (Ginnie Mae), a federal organization that helps in home financing by channeling global financing into this country s housing markets. Ginnie Mae s guaranty allows mortgage lenders to get a better price for their loans on the secondary market. (Denver Business Journal, CO)

    Bill aims to spark housing market  Mar 7, 2009
    The guarantee fund would be managed by the Alabama Home Financing Authority to help protect lenders from mortgages that go into foreclosure. State Sen. (Alexander City Outlook, AL)

    A home located in Emerald Cove off of U.S. Highway 90 will be open today from 1 to 3 p.m. as part of the Showcase of Homes, Buy Now event. An insert published in Fridays edition of the Lake City Reporter listed all the homes that are open for a walk-through. JOHNNA PINHOLSTER/Lake City Reporter  Mar 30, 2008
    Showcase Central, an informational booth, was set up in the newly constructed commercial site at 1140 SW Bascom Norris Drive which provided information on home financing and loans. Sponsored by the Lake City Board of Realtors, Columbia County Builders Association and the Lake City Reporter, the event also showcased homes throughout Columbia County that are open today for perusal. (Lake City Reporter, FL)

    CEO sees little change in market; KB Home loses $268.2 million  Mar 29, 2008
    Mezger noted that the company's joint home financing venture with mortgage lender Countrywide Financial Corp. was performing "very well."Mezger said Countrywide KB Home Loans started accepting loan applications this month for home loan amounts at the recently boosted limits set by the Federal Housing Administration. The new limits increased the size of mortgage loans that can be guaranteed by the federal agency to as much as $729,750 in some metro areas. (Fresno Bee -- Business)

    Midland States Bank adds mortgage lender  Mar 26, 2008
    Midland States Bank is committed to providing the best home financing programs available. Many home-loan packages can be complicated and sometimes surprising to customers. (Mattoon Journal-Gazette, IL)

    McCain leaves housing crisis options on table but places limits on government assistance  Mar 25, 2008
    John McCain wants to leave the door open to a wide array of proposals to address the turmoil in home financing. "I will not play election-year politics with the housing crisis," the certain Republican presidential nominee said in remarks prepared for delivery Tuesday to local business leaders south of Los Angeles. (International Herald Tribune)

    Banks allowed to lift MBS holdings  Mar 25, 2008
    The move announced on Monday by the Federal Housing Finance Board enables the banks in the Federal Home Loan Bank system to expand their holdings of securities issued by Fannie Mae and Freddie Mac, the congressionally chartered companies that are the two biggest U.S. home financing providers. Regulators have made a series of moves to ease strains in U.S. mortgage markets where a rising tide of foreclosures has made lenders so wary that it has threatened to dry up funding. (ABC News -- Wire)

    Early in campaign, Sununu, Shaheen both focus on mortgage crisis  Mar 24, 2008
    Sununu, who defeated the former governor to win his first term in 2002, says he's known for years what direction the country was headed in on home financing and has been ahead of the curve in proposing solutions. As far back as 2003, he co-sponsored a bill to strengthen regulation of the huge government sponsored mortgage companies Fannie Mae and Freddie Mac, which hold or guarantee more than 45 percent of all mortgage loans in the country. (Concord Monitor)

    S&P: End in sight for US subprime writedowns  Mar 15, 2008
    The analysts said problems were emerging in other types of bonds, including prime bonds such as agency bonds issued by home financing agencies Fannie Mae and Freddie Mac, and student loans agency Sallie Mae. They said with about US$200bil of sub-prime related provisions already made, it was not far off from S&P's estimate of total write downs. (The Star Online, Malaysia -- Business)

    Home debt greater than equity; foreclosures hit record  Mar 7, 2008
    Home equity has steadily declined even as home prices jumped earlier this decade due to a surge in cash-out refinances, home equity loans, lines of credit and an increase in 100% or more home financing. Economists expect equity to drop even further as declining home prices eat into the value of most Americans' largest asset. (USA Today -- Money)

    Rising defaults increase alarm in U.S. housing  Mar 7, 2008
    Home equity, which is equal to the percentage of a home's market value minus mortgage debt, has steadily decreased even as home prices jumped earlier this decade because of a surge in cash-out refinances, home equity loans and lines of credit and an increase in 100 percent or more home financing ... Wall Street was on track for another losing session after downgrades of home financing giants Fannie Mae and F.. (International Herald Tribune)

    More margin calls for Carlyle affiliate  Mar 7, 2008
    Reuters Published: March 7, 2008. A Dutch-listed affiliate of the private equity firm Carlyle Group said on Friday it had received substantial additional margin calls and additional default notices from its lenders which could deplete its liquidity. (International Herald Tribune)

    Achieving Success with the Strebor System  Mar 6, 2008
    Mortgage Myths: 77 Secrets That Will Save You Thousands on Home Financing (John Wiley. Foreclosure Self-Defense For Dummies (John Wiley. (RealtyTimes)

    FTSE dragged lower by banks  Mar 6, 2008
    Reuters Published: March 6, 2008. Britain's blue-chip share index was down 0. (International Herald Tribune -- Business)

    Voters Describe Texas Caucuses As Chaotic  Mar 6, 2008
    Home Financing Offers. You could save up to $200/month. (Click2Houston, TX)

    HSBC purchase of Korea bank stake not anti-competitive, South Korea says  Mar 6, 2008
    Reuters Published: March 5, 2008. 3 billion purchase of a majority stake in Korea Exchange Bank by HSBC Holdings will not hinder market competition, South Korea's Fair Trade Commission said Wednesday. (International Herald Tribune -- Business)

    Eleven Sex Offenders Call Same Motel Home  Mar 4, 2008
    "Casa Loma Elementary School is one mile away from the motel, falling in compliance with Jessica's Law, which mandates that sex offenders to live only 2,000 feet away.Residents said theyve taken action into their own hands by creating with a petition to get the county to relocate the sex offenders.Residents said they have gathered 60 signatures on the petition since Sunday night and plan to eventually present it to state Sen. Dean Flores. Distributed by Internet Broadcasting. This material may... (Click2Houston, TX)

    Reforming The Mortgage Industry  Mar 3, 2008
    The problem is that the robust housing market of the past four years gave rise to abuses, often through the less regulated mortgage brokers and mortgage companies that emerged as the leading source of the home financing. Is Monitoring Enough. (FOX61, CT)

    Stocks finish mixed in choppy session  Feb 28, 2008
    By Joe Bel Bruno, AP Business Writer NEW YORK Stocks ended little changed Wednesday after a rally fizzled when doubts emerged that the lifting of investment caps on the two largest home financing companies was enough to prevent deeper damage to the housing market. Stocks finished mixed in another seesaw session Wednesday after regulators allowed Fannie Mae and Freddie Mac to buy more mortgages and Federal Reserve Chairman Ben Bernanke said the central bank will remain vigilant about the weakened... (USA Today -- Money)

    Dow, S&P near flat after rally fades  Feb 28, 2008
    NEW YORK (Reuters) - The Dow and Sended little changed on Wednesday after a rally fizzled when doubts emerged that lifting investment caps on the two largest home financing companies was enough to prevent deeper damage to the housing market. Technology shares rose. (ABC News -- Wire)

    Move to increase lending in homes lifts Wall St.  Feb 28, 2008
    But losses were limited after the U.S. government said it would lift investment caps for the country's top home financing companies, Fannie Mae and Freddie Mac. "That's driving up the financials," said Giri Cherukuri, head trader at OakBrook Investments, in Lisle, Illinois. (International Herald Tribune -- Money Report)

    Kleeb, Raimondo File, Go After Johanns  Feb 26, 2008
    E-Mail News Alerts Get breaking news and daily headlines. 2 Senate Candidates Make It Official. (7 KETV Omaha)

    The Home Buying Process: Step by Step  Feb 25, 2008
    You also need to find a lender to get home financing ... Call a Quicken Loans at (800) 963-2177 for help figuring out all your home financing options. (Ontario Argus Observer, OR)

    Porsche halts production of 911 after explosion at plant  Feb 25, 2008
    The Associated Press Published: February 25, 2008. Automaker Porsche AG said Monday that an explosion at its plant where 911 models are made has halted production for two to three days. (International Herald Tribune -- Sports)

    Wall St rises on bond bailout talks  Feb 23, 2008
    Earlier, financial shares had led the decline after Merrill Lynch & Co recommended investors sell Fannie Mae and Freddie Mac, the biggest US home financing companies in anticipation of further deterioration in financial markets. News of the potential rescue plan caused the Dow to swing from about an 80-point loss to a 96-point gain by the close, led by a reversal in financial shares. (India Times)

    Growing old in a new home  Feb 23, 2008
    Mustafa Makinist's father arrived in Germany from Turkey in 1973 with plans to work for five years. He stayed on, working as a machine repairman at Siemens for 25 years. (International Herald Tribune -- Business)

    Legislators Introduce Bills To Tackle Moth  Feb 23, 2008
    E-Mail News Alerts Get breaking news and daily headlines. Bay Area Ready To Battle Light Brown Apple Moth. (KSBW 8, CA)

    Bank Islam scheme to ease home loan burden  Feb 22, 2008
    KUALA LUMPUR: Bank Islam Malaysia Bhd has introduced an innovative financial plan to reduce the burden on home financing customers, who can opt for a payment holiday in November and December every year ... Recognising that financial commitments increase due to back-to-school expenses and year-end holidays, the programme would give families a break from making compulsory home financing payments, he told Bernama ... This is an added feature to the bank s existing home financing and home... (The Star Online, Malaysia -- Business)

    McCain Says 'Shame' On New York Times  Feb 21, 2008
    Scott Olson/Getty Images. Paper Reports Link Between Candidate, Female Lobbyist Vicki Iseman. (KCRA 3, CA)

    Real Estate Investors Take Cue from Warren Buffett at Upcoming Mobile Home and Mobile Home Park Investing Conference  Feb 20, 2008
    Currently in its sixth incarnation, this year's Mobile Home Millions event will cover topics ranging from mobile home financing to manufactured home/land subdivisions to large mobile home park investing. This year's Mobile Home Millions roster of presenters will include a who's who of mobile home and real estate investing gurus. (Yahoo News -- Press Releases)

    Paulson Signals New Loan Rules as Treasury, Fed Attempt to Revive Growth  Feb 14, 2008
    Updated: New York, Feb 14 03:57 London, Feb 14 08:57 Tokyo, Feb 14 17:57. Paulson, Testifying With Bernanke, Foreshadows New Loan Rules. (Bloomberg -- US)

    Burress Predicts Victory  Feb 1, 2008
    " Copyright 2008 by . All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Links We Like Want to make more money and get promoted? Find out how to dress for success at work. Could refinancing save you money? Enter some basic information about your home and credit, and an email address, you'll get up to four lender quotes Want to make more money? Find out how to get the salary you really want. Itchy, dry skin can have many origins and solutions. Find... (KSBW 8, CA)

    Realtor Associations Set Agenda for Coming Year  Feb 1, 2008
    From the adoption of local sign ordinances to regulations affecting the home financing system, Realtors need a place at the table when decisions are being made. It is through their associations that their voice is heard and their interests represented. (RealtyTimes)

    Business people  Jan 31, 2008
    Freeman's primary responsibilities with 1st Metropolitan Mortgage will be educating consumers regarding their home financing options and helping homeowners refinance their existing mortgages. University of Alaska Anchorage hired Katherine Bilton as its new strategic enrollment management coordinator. (Anchorage Daily News)

    MHDC approves 32-unit apartment complex in Camdenton  Jan 24, 2008
    It will also receive 385,000 in federal home financing. A total of 34 developments across the state were awarded funds this year. (Camdenton Lake Sun Leader, MO)

    BSN targets housing loans growth  Jan 23, 2008
    Last week, Second Finance Minister Tan Sri Nor Mohamed Yakcop said the Government expected financial institutions to disburse RM1bil worth of home financing to low-income groups under the scheme this year. Housing loans, which account for about 39% of BSN's total loan portfolio, currently totals RM2. (The Star Online, Malaysia -- Business)

    Holmgren Not Leaving Seahawks  Jan 23, 2008
    "Seattle, which won its fourth consecutive NFC West title, was eliminated by Green Bay in the divisional playoffs.Holmgren's record with Green Bay and Seattle, where he arrived in 1999, is 170-110, one win behind former Redskins coach Joe Gibbs for 10th in NFL history. Holmgren is 86-68 in nine seasons with Seattle. He passed Chuck Knox this season for most victories by a Seahawks coach.Seattle will return the core of its team next season, and five of the Seahawks' six division titles have come... (Click2Houston, TX)

    Lenders say Wells Fargo suit can chill business  Jan 12, 2008
    "Government agencies and the public-interest groups strongly encouraged the lending industry to come up with flexible underwriting and new ways of thinking to maximize home financing opportunities for borrowers with impaired credit, and now, the very programs that they developed are being criticized," said financial-services attorney Larry Platt, a partner with K&L Gates in Washington. John Taylor, president and chief executive of the National Community Reinvestment Coalition, which promotes... (SunSpot.net)

    Southwest Montana Snapshots  Jan 11, 2008
    Participants will learn about special affordable home financing options including down payment and closing cost assistance. programs for eligible first-time homebuyers. (Montana Standard, MT)

    Schwarzenegger Looks To Slash Education  Jan 11, 2008
    State Faces Huge Budget Deficit. POSTED: 5:54 am PST January 10, 2008UPDATED: 6:12 pm PST January 10, 2008. (KCRA 3, CA)

    Mortgage Fraud and Foreclosures, Kissing Cousins  Jan 10, 2008
    Mortgage Myths: 77 Secrets That Will Save You Thousands on Home Financing (John Wiley. Foreclosure Self-Defense For Dummies (John Wiley. (RealtyTimes)

    Primary Residential Mortgage Reaches 5-Year Milestone in Minneapolis-Area Branch  Jan 8, 2008
    During his time operating his business, Klippen has helped over 460 borrowers with their home financing needs. "I did a lot of research before deciding on PRMI in 2002. I liked the fact there was a wide range of corporate support services and that the company was constantly striving to innovate," says Klippen. (PR Newswire)

    Equity Saving Home Improvements  Jan 2, 2008
    Falling home prices, a surge in cash-out refinances, home equity loans and lines of credit and an increase in 100 percent or more home financing has been chipping away at home equity. Economists say the number could drop below 50 percent by the end of the year. (RealtyTimes)

    Letters to the editor  Dec 27, 2007
    I've only had dealings with one of the nine indicted in the federal home financing case, and I have always found her to be professional, hard-working, ethical and very helpful; I doubt the indictment against her will lead anywhere. However, the charges against nine persons and one corporation raised my curiosity: If a small, local mortgage company is indicted by the feds over shady practices by some of its employees involving about $2 million in loans, why hasn't the Veco Corp., whose principals... (Anchorage Daily News)

    SE Asia offers haven from US turmoil  Dec 21, 2007
    Malaysia, meanwhile, is taking aggressive steps to boost domestic demand, including a recent boost to civil servant salaries and a government decision to allow beginning next year the 5 million contributors to the Government Provident Fund to make early withdrawals for home financing purposes. Singapore, whose percentage of total exports to the US has fallen by half from 20% in the mid-1990s to 10% today, continues to defy economic logic through its extraordinary domestic demand-led growth,... (Asia Times Online)

    Bush Hopes Report Has Ended Steroid Era  Dec 15, 2007
    "Selig's comments came at a press conference in New York more than two hours after Mitchell held his own press conference to release the report. Previous Stories: December 13, 2007: December 14, 2007: Distributed by Internet Broadcasting Systems, Inc. The Associated Press contributed to this report. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Links We Like Don't let your clothing choices torpedo your job chances. Looking to buy a new home?... (KSBW 8, CA)

    Deputies: Nearly 1 Ton Of Pot Found During Traffic Stop  Dec 13, 2007
    E-Mail News Alerts Get breaking news and daily headlines. POSTED: 5:09 pm CST December 12, 2007UPDATED: 9:41 pm CST December 12, 2007. (7 KETV Omaha)

    Mom Sensed Mall Shooting Son Wasn't Right  Dec 13, 2007
    "After receiving that message, Rodriguez went to the home where Hawkins was living. The son of the woman Hawkins was staying with found his suicide letters.Rodriguez took the notes to the Sarpy County Sheriff's Department in the hour before the shooting. She said she found out about the scene at Westroads Mall through a friend's phone call.She said she felt better when police showed her the photo of an initial suspect who was not her son.Then, at about 4 p.m. last Wednesday, Rodriguez found out... (TheSanDiegoChannel.com, CA)

    911 Calls Released In Omaha Mall Rampage  Dec 7, 2007
    E-Mail News Alerts Get breaking news and daily headlines. Papillion-La Vista High SchoolOmaha television station KETV obtained a yearbook picture of Robert Hawkins, who is believed to have killed eight people and himself at a mall near Omaha, Neb. (KCRA 3, CA)

    Bill Coming Due on Sinking Home Equity  Dec 6, 2007
    During the country's most recent housing boom, the term "homeowner" became a misnomer as lenders offered 100 percent or more home financing to some buyers. . (Herald Sun)

    Homeownership a misnomer for some  Dec 6, 2007
    During the country's most recent housing boom, the term "homeowner" became a misnomer as lenders offered 100 percent or more home financing to some buyers. Now, slipping home prices threaten to further erode the value of many Americans' single largest asset, curbing consumer spending and jeopardizing retirement assets. (North County Times)

    Big hurdle for subprime bailout: Who to help?  Dec 5, 2007
    Richard Syron, chief executive officer of the second-largest home financing company, Freddie Mac , held back full support for the plan in a CNBC interview since it is still not known how borrowers would be chosen. Legal issues have stalled modifications to date and may also limit the plan's effectiveness, economists at Goldman Sachs Group Inc. said in a note dated Monday. (ABC News -- Wire)

    Subprime Loans Can Work  Dec 5, 2007
    Subprime mortgages are home loans that provide a home financing option for those who don't qualify for more conventional prime mortgages. Subprime loans typically are more expensive than prime loans, and they carry more risk. (RealtyTimes)

    The Home Buying Process: Step by Step  Dec 4, 2007
    You also need to find a lender to get home financing ... Call a Quicken Loans at (800) 963-2177 for help figuring out all your home financing options. (Ontario Argus Observer, OR)

    Australian, New Zealand Dollars Rise as U.S. Stock Gains Spur Carry Trades  Nov 28, 2007
    Freddie Mac, the second-biggest U.S. provider of home financing, plans to sell $6 billion in preferred stock and cut its dividend in half to shore up capital, the company said in a statement yesterday. Citigroup Inc. said it would sell a stake of as much as 4. (Bloomberg -- Australia & New Zealand)

    US stocks rebound on banks, oil  Nov 28, 2007
    Shares of Freddie Mac also fell in after-hours trading after the No. 2 US home financing provider said it would slash its divident by 50 percent and would raise $6 billion through the sale of preferred stock. OIL BOOST During the regular session, GE shares finished up 2 percent up at $37. (India Times)

    Asian stocks down on fresh credit woes  Nov 27, 2007
    In the latest sign of trouble in the credit market, UBS downgraded home financing providers Freddie Mac and Fannie Mae to neutral, citing increased mortgage losses and erosion of other home-loans investments. Adding to the gloom Goldman Sachs downgraded HSBC to sell, saying Europe's biggest bank would likely need a further $12 billion in provisions for its U.S. subprime mortgage and home equity loans. (International Herald Tribune)

    Fannie, Freddie rout seen hurting major investors  Nov 23, 2007
    BOSTON: America's biggest mutual fund and some top investors are almost certainly taking it on the chin following this week's plunge in the shares of the top two home financing firms, Fannie Mae and Freddie Mac. The Growth Fund of America, which in October became the first US fund to hit US$200bil in assets, owned as of Sept 30 a US$3. (The Star Online, Malaysia -- Business)

    Some Retailers Can't Wait For Black Friday  Nov 23, 2007
    "Web shopping is a different matter. More retailers are pushing shoppers to buy online on Thanksgiving, instead of just researching deals for Black Friday, named because it was traditionally when stores became profitable.Wal-Mart Stores Inc., which last year offered one or two online specials on Thanksgiving, is offering specials on 20 to 30 products online. CompUSA.com is featuring one-day, online-only sales on Thanksgiving - on products including computers, LCD flat-panel TVs and portable DVD... (Click2Houston, TX)

    RHB Islamic to increase home financing by RM1bil  Nov 23, 2007
    KUALA LUMPUR: RHB Islamic Bank Bhd expects to increase its home financing by the end of next year by another RM1bil via its newly launched Equity Home Financing-i. Speaking at the product launch yesterday, managing director Jamelah Jamaluddin said the bank s home financing segment amounted to RM1 ... The bank expects Equity Home Financing-i to do particularly well in targeted high growth areas such as the Klang Valley, Johor, Penang, Kuching and Kota Kinabalu, said Jamelah. (The Star Online, Malaysia -- Business)

    Dynamo Arrive In Houston With MLS Cup  Nov 20, 2007
    "You always want to get the first goal, but it didn't happen in this game. But it's a championship games and you can't put your head down if you give up the first goal. We did a great job fighting back and finally got this again.The city of Houston is holding championship rally at 5:30 p.m. Tuesday on the steps of City Hall.Mayor Bill White will soon collect on a bet he made with Boston's mayor. The mayors wagered 10 pies on the game. The Boston cream pies are expected to be sent to Houston... (Click2Houston, TX)

    EONCAP Islamic Bank targets 20% growth  Nov 9, 2007
    She said EONCAP Islamic's performance in the first six months ended June 30, 2007 showed that Al-Ijarah Thumma Al-Bai' and home financing comprised 38% and 27% respectively of the total financing ... EONCAP Islamic has its competitive advantage in its hire-purchase business as well as a strong foothold in home financing. (The Star Online, Malaysia -- Business)

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