Mortgage and Financial News From 2008-5-26 Page 10
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Private lender Sequoia sees growing market for non-bank credit (The Santa Rosa Press Democrat)
SAN RAFAEL - Marin County private lender Sequoia Mortgage Capital is growing in what it sees as a key market niche - borrowers with real estate equity and good credit, but no documentation of income.
2008-05-26 04:43:41 -
Zombie debts refuse to die - Houston Chronicle
Bankruptcy is supposed to get rid of bad pennies. Prince Ella Green thought so. She and her husband, James, who live in League City, fell on hard times and filed bankruptcy in 1995. The case was a Chapter 13, meaning the Greens submitted a plan for ...
2008-05-23 05:56:00 -
Mortgage repossessions: how to hang on to your home - Daily Telegraph
As the credit crunch deepens, the number of families at risk of losing their homes is rising dramatically. In the first three months of this year, mortgage lenders issued more than 27,000 repossession orders (the last legal stage before they can take ...
2008-05-26 03:55:00 -
Spain rescues 67 immigrants from sea, 2 dead - International Herald Tribune
MADRID : Spanish coastguard boats rescued 67 immigrants, including two corpses, from the sea near the Canary Islands on Sunday, an emergency services spokesman said. The immigrants were in a bad state and three have been taken to hospital with ...
2008-05-25 05:29:00 -
California city in bankruptcy may be model for others (Arizona Daily Star)
VALLEJO, Calif. — For years, this cash-strapped city on the edge of San Francisco Bay paid little heed to warnings it was offering its employees more than it could afford.
2008-05-26 12:10:28 -
Good on paper, bad o (Vancouver Province)
On paper, they have assets of more than $1 million. But Paul and Mary Staley (not their real names) aren't feeling all that comfortable these days. They've painted themselves into a bit of a corner with two revenue properties, and are unsure how best to extricate themselves.
2008-05-26 01:10:35 -
Foreclosure Scams Lurking In Your Neighborhood (Forbes)
Fraudsters are using these tactics to target those in danger of losing their homes
2008-05-26 03:06:25 -
Five basics for building a solid financial future (The Gainesville Sun)
Here are five basic guidelines that can be useful in making just about any financial decision.
2008-05-26 03:08:18 -
Expert: Steve Bucci (Bankrate.com)
Dear Debt Adviser, I went to a local United Way agency for credit counseling and they determined my income is way too low for them to help me with a debt plan. They could not help me.
2008-05-26 03:56:18 -
US official says credit crunch easing - Buffalo News
U.S. Assistant Secretary of Treasury, Clay Lowery speaks at his press conference in Tokyo, Japan, Monday, May 26, 2008. Lowery said Monday the global credit crunch is gradually calming following efforts by the Federal Reserve and other central banks ...
2008-05-26 01:53:00 -
Cities face ‘nightmare’ with homes’ uncut grass - NW Arkansas Times
SPRINGDALE — Northwest Arkansas’ code officers are struggling to keep the grass cut at empty houses that are cluttering neighborhoods during the downturn in home sales and rash of foreclosures. Complete but vacant dwellings, in addition to ...
2008-05-25 11:59:00 -
Stocks fall in Asia as inflation fears strengthen; European shares ... - International Herald Tribune
LONDON : Stocks fell Monday in Asia, and European markets were little changed, amid concern that more writedowns and rising raw-materials costs would curb economic and profit growth. UBS, the largest European bank, said it faced the possibility of ...
2008-05-26 02:58:00 -
Tokyo shares close sharply lower on Wall Street fall - UPDATE - Forbes
TOKYO (Thomson Financial) - Japanese shares closed sharply lower on Monday as investors took profits after U.S. stocks fell Friday due to inflation fears and as a firmer yen hurt interest in exporters, with the key Nikkei index falling more than 340 ...
2008-05-26 01:46:00 -
AP Business NewsBrief at 6:10 a.m. EDT - CNBC
Oil prices rise to near $133 a barrel news://newsclip.ap.org/D90T8QHO0@news.ap.org BANGKOK, Thailand (AP) — Oil rose to near $133 a barrel Monday in Asia on persistent worries about global petroleum supplies and the outlook for the U.S. dollar. The ...
2008-05-26 03:05:00 -
Stocks Fall in Europe, Asia; UBS, Stora, UPM, Nissan Decline - Bloomberg
May 26 (Bloomberg) -- Stocks fell in Europe and Asia, led by banks and carmakers, on concern more writedowns and rising raw-material costs will curb economic and profit growth. UBS AG, Europe's largest bank, said it may face more losses from holdings ...
2008-05-26 01:32:00