New Delhi, Sept 30: Hoping that Reserve Bank of India will bring down interest rates in its upcoming policy review, State Bank of India (SBI) today said it could give discount to new housing credit seekers in the festival season and might cut home loan rates.
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[Source: Yahoo! News Search Results for housing loan]
Sunday, September 30, 2007
Housing slows O.C. economy (Orange County Register)
Big Orange Index grows for 23rd straight quarter thanks to non-housing factors.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
SBI may lower housing loan rate (The Economic Times)
Hoping that RBI will bring down interest rates in its upcoming policy review, State Bank of India on Sunday said it could give discount to new housing credit seekers in the festival season and might cut home loan rates.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Housing slows O.C. economy (Orange County Register)
Big Orange Index grows for 23rd straight quarter, though at slowest pace in five years, thanks to non-housing factors.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Editorial: Teacher housing a good plan (The Daily Advance)
Anyone who's had to hunt for rental housing in the Albemarle area may be feeling a little envious about plans by the Edenton-Chowan School district to build an apartment complex for educators who move to the county.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Saturday, September 29, 2007
Global Insight States That They Expect Weaker Housing Starts Numbers In Next Few Months (Nasdaq)
(RTTNews) - Global Insight U.S. Economist Patrick Newport wrote on Friday that over the past two months, it has become harder and more expensive to get a mortgage loan. With fewer buyers in the market, Newport stated that he is expecting weak housing starts numbers in the next few months.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Submit detailed accounts on housing loan defaulters (New Straits Times)
IPOH: Banks seeking court orders to sell the properties of loan defaulters were warned yesterday that they should submit proper and detailed statements of account.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Housing assistance groups swamped (Daily Local News)
PHILADELPHIA (AP) Credit counseling and housing assistance groups are being swamped by area homeowners seeking to stave off foreclosure in desperate attempts to save their houses after many took on riskier mortgage refinancing.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
HOUSING COALITION EXPANDING REPAIR PROGRAM Volunteers help out homeowners in need ABOUT HERO (The Fredericksburg Free Lance-Star)
Housing coalition expands to repair homes
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Friday, September 28, 2007
Housing Slump to Last Beyond 2008, Fannie Mae Says (Update1) (Bloomberg.com)
Sept. 27 (Bloomberg) -- Fannie Mae Chief Executive Officer Daniel Mudd, whose government-chartered company is the largest provider of money for U.S. mortgages, said the housing slump will last beyond next year, dragging down home prices and increasing credit losses.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Our view on mortgage meltdown: Wrong way to fix housing (USATODAY.com via Yahoo! News)
Without doubt, the housing market is getting hammered. Existing-home sales plummeted last month. Prices are falling; foreclosures are rising. And it's hard to get a loan particularly a "jumbo" loan of more than $417,000, or a subprime loan of any amount.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
S.C. State students rally for more financial aid; New law increases grants, lowers loan rates (The Times and Democrat)
South Carolina State University students marched in a favor of a bill signed by President George W. Bush Thursday that will cut student loan interest rates in half and increase the amount of federal Pell Grants.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Rural Missouri hits 150 million level of home loan guarantees from USDA Rural Development (Boonville Daily News)
WASHINGTON, D.C. Greg Branum, Missouri State Director for USDA Rural Development, announced that 150 million in guaranteed rural housing loans have been made in rural Missouri so far this fiscal year.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Housing Project Receives $400K In Federal Funding (Queens Chronicle)
(Annmarie Fertoli) Congresswoman Carolyn Maloney, holding check, joins representatives from HANAC, the Federal Home Loan Bank of New York, local seniors and others.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Canada Dollar Rises on Speculation U.S. Housing Slump to Deepen (Bloomberg.com)
Sept. 27 (Bloomberg) -- Canada's dollar rose for the first time in four days on speculation a deteriorating U.S. housing market will slow the world's largest economy.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
KB Home: Housing market slump to last (AP via Yahoo! News)
KB Home, one of the nation's largest homebuilders, swung to a loss Thursday, citing a deep deterioration in the housing market and warning the sales slump will likely extend into next year.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Profit Growth in U.S. May Hit Five-Year Low on Housing Slump (Bloomberg.com)
Sept. 28 (Bloomberg) -- Profit in the U.S. may grow at the slowest rate in more than five years this quarter as the housing slump hurts results at companies from IndyMac Bancorp Inc. to Target Corp.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
No housing revival seen in '08 (Seattle Times)
Fannie Mae Chief Executive Daniel Mudd said Thursday the housing slump will last beyond next year, dragging down home prices and increasing...
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Housing Slump to Last Beyond 2008, Fannie's Mudd Says (Update4) (Bloomberg.com)
Sept. 27 (Bloomberg) -- Fannie Mae Chief Executive Officer Daniel Mudd said the housing slump will last beyond next year, dragging down home prices and increasing credit losses.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Thursday, September 27, 2007
Housing aid groups swamped with foreclosure cases in Philly area (Centre Daily Times)
Credit counseling and housing assistance groups are being swamped by area homeowners seeking to stave off foreclosure in desperate attempts to save their houses after many took on riskier mortgage refinancing.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
HDFC and ICICI bank cut loan rates (ANI via Yahoo! India News)
HDFC and ICICI bank cut loan rates
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Lufkin hasn't taken hit in housing market crash (The Lufkin Daily News)
Fear about housing prices and foreclosures has gripped the nation, but according to several local realtors, the housing crisis has not affected Lufkin to the same degree it's affected the rest of the nation.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
State Bank cuts home loan rates (Express India)
The big daddy of commercial bank has joined the race to lower home loan rates. State Bank of India on Wednesday announced a cut in its home loan rates by 75 basis points, from 11.25% to 10.50%, under the garb of a loan mela that will run till October 7.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Foreclosures Swamp Housing Aid Groups (AP via Yahoo! Finance)
Credit counseling and housing assistance groups are being swamped by area homeowners seeking to stave off foreclosure after many took on riskier mortgage refinancing.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
House approves Native American Housing Assistance and Self Determination Act (Navaho-Hopi Observer)
WASHINGTON, D.C.-On Sept. 6 the U.S. House of Representatives overwhelmingly passed the Native American Housing Assistance and Self Determination (NAHASDA) Reauthorization Act of 2007.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
BANKING: Japan Post spin-off to offer home loans (Asahi.com)
Japan Post's banking unit will enter the housing loan business through a tie-up with Suruga Bank, a major regional bank, President Yoshifumi Nishikawa said Wednesday.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Some affordable housing foreclosures not preventable, despite best efforts (The Martha's Vineyard Times)
A large, contemporary log house built in 2003 in a private subdivision on Rustling Oaks Road in West Tisbury under the town's affordable housing guidelines was the dream of the owner, but that dream ended when the property went into foreclosure earlier this month.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Wednesday, September 26, 2007
Oceanside housing panel backs La Mision cost increase (North County Times)
OCEANSIDE -- Housing commissioners agreed Tuesday that the city should pay 900,000 for stone columns to address soil problems and earthquake standards for La Mision Village, a mixed-use project being built for the city's lower-income residents.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Housing market continues freefall (Small Business Times)
The collapse of the American housing market is continuing, with the inventory of unsold single-family homes rising to an 18-year high, according to the latest report by the National Association of Realtors (NAR).
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
HOUSING DOWN BUT NOT OUT (The Times of Northwest Indiana)
Housing sales slowed locally in August, falling by 20 percent from a year ago.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Tuesday, September 25, 2007
10.5%: Special home loan floating rate offer from HDFC (The Hindu)
Mumbai, Sept. 24 This may be the right time to buy a house with interest rates finally showing some signs of cooling. Housing Development and Finance Corporation Ltd has announced a special interest of 10.5 per cent for home loan borrowers opting for a floating rate of interest.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Bill breather for housing societies (Hindustan Times via Yahoo! India News)
THE DELHI Cabinet on Monday cleared a bill that is set to bring relief to about 15,000 members of Cooperative Group Housing Societies (CGHS) in the Capital still awaiting allotment of their flats.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Housing loan fund fulfills rural dreams (Minot Daily News)
Many people were skeptical when North Dakota CommunityWorks launched its DREAM Fund in 2001 to bridge the gaps in North Dakotas housing finance system.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Sector Snap: Housing (AP via Yahoo! Finance)
Housing stocks posted sharp losses Monday ahead of sector data and two major earnings reports scheduled for Tuesday and Thursday.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Housing official sees more stability ahead (The Star-Ledger)
SINGAPORE -- The default rate on U.S. mortgages is stabiliz ing, an American housing official said yesterday, adding she didn't expect last week's cut in U.S. interest rates to significantly affect the number of defaults.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Monday, September 24, 2007
HDFC cuts rates on home loans by 0.50% (Indian Express via Yahoo! India News)
HDFC Ltd, the biggest player in the home loan segment, reduced interest rates on floating housing loans by 0.50 per cent. The change comes into effect from today, a HDFC spokesperson told PTI here. This reduction will be on fresh loans and applicable to all disbursements up to October 31. However, there is no change in the fixed home loans rate, which remains at 13.25 per cent. The rate cut ...
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Subprime loan disaster puts lawyers in high demand (BizJournals)
Arizona is front and center in the slow housing market and the subprime mortgage industry meltdown. The state has the third-highest ratio of subprime loans to all mortgages in the U.S, according to the Mortgage Bankers Association and Corporation for Enterprise Development.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Wilbraham units get state loan aid (The Republican)
WILBRAHAM - The state's Housing Finance Agency announced loan commitments of up to $10.4 million for renovations and the preservation of affordability at Wilbraham Commons, a 136-unit, low-income apartment complex on Stony Hill Road.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
HDFC cuts home loan rate (The Times of India)
HDFC Ltd, the biggest player in the home loan segment, today reduced interest rates on floating housing loans by 0.50 per cent.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Housing woes tumble into banking arena as Tennessee delinquent loans rise 25% (BizJournals)
Trouble in the housing market is spilling over into Tennessee's financial market, with banks tightening lending requirements and making fewer high-dollar loans to mitigate losses from developers who are behind on their loan payments.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Home loan rates head southwards (NDTV Profit)
The slowdown in housing market has triggered Chairman of HDFC Deepak Parekh to take proactive steps by biting the rate cut bullet first.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
India's HDFC cuts home loan rate in festive offer (Reuters via Yahoo! Malaysia News)
MUMBAI, Sept 24 - Housing Development Finance Corp , India's top mortgage lender, has reduced interest rates on housing loans by 50 basis points in a special offer to coincide with a season of religious festivals.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Unsold homes could be affordable housing (Miami Herald)
Thanks to the merciless housing downturn, there are more than 80,000 unsold homes and condos in Miami-Dade and Broward, according to EWM statistics.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
HDFC cuts home loan rate (The Times of India)
MUMBAI: HDFC Ltd, the biggest player in the home loan segment, on Monday reduced interest rates on floating housing loans by 0.50 per cent. The change comes into effect from today, a HDFC spokesperson told reporters here.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Sunday, September 23, 2007
Affordable housing for teachers on the way (Outer Banks Sentinel)
The Dare County Board of Commissioners has endorsed the efforts of the Dare Education Foundation (DEF) and the Dare County Board of Education to develop affordable housing for teachers in conjunction with the State Employees Credit Union (SECU) Foundation.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Cambridge Provides $9.8 Million HUD Loan to Refinance Skilled Nursing Home in Michigan (PR.com)
Cambridge Realty Capital Companies, one of the nations leading senior housing/healthcare lenders, has provided a $9.8 million FHA-insured permanent mortgage HUD loan to refinance Regency Healthcare Center, a 244-bed skilled nursing home facility in Tyler, Michigan. Cambridge Chairman Jeffrey A. Davis said the fully-amortized 30-year loan was arranged for the propertys owner, an Illinois ...
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Home Headaches? (Minneapolis-St. Paul Star Tribune)
Housing groups advise anyone at risk of foreclosure to contact the lender to try to arrange new loan terms, called "mortgage modifications" or "workouts." FREE SERVICES Acorn Housing Corp.: 651-203-0008; www.acornhousing.org Minnesota Home Ownership Center: 651-659-9336; www.hocmn.org Homeowners Help Line: 1-888-995-4673 HUD-Approved Counseling Agencies: www.startribune.com/a3367 Borrowers ...
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Home loan workouts not without problems (The Star-Ledger)
Will "subprime" loan workouts really work out? They're aimed at helping troubled homeowners by modifying mortgages to stave off foreclosure; lenders and servicers essentially agree to new and more forgiving terms to get their money paid back.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Speculation on a risky housing market (Savannah Morning News)
Like the rest of the Savannah area, Effingham County has been hit by the same housing slump facing the rest of the country.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Here's what to expect following the rate cut (The Star-Ledger)
Well, the stock market certainly went bananas. But the Federal Reserve's surprise half-point rate cut last week, to 4.75 percent, won't magically bring the housing market back to life or stop the wave of defaults and foreclosures in the "subprime" home-loan market.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Saturday, September 22, 2007
Loan survivor (The Columbus Dispatch)
LOS ANGELES -- Countrywide Financial Corp. grew from a two-man startup in 1969 to become the nation's leading mortgage lender by deftly riding out housing boom-and-bust cycles.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Bernanke offers US fresh assurances to curb housing crisis (Taipei Times)
ELECTION ISSUE? : The housing slump, the worst in 16 years, is likely to drag on well into next year, when the country votes for a new president
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Its not all gloom and doom: Local experts analyze Juniata Valley housing market (The Sentinel)
LEWISTOWN Despite recent national headlines reporting a significant downturn in the housing industry, local experts say the real estate market is al...
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
HDFC may cut home loan rates next week (IBN via Yahoo! India News)
Interest rates on housing loans look set to follow the downhill route. HDFC, the biggest player in the home loan segment, may cut home loan rates next week. The housing major says the cost of funds has come down by half a per cent over last month.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Housing fair relocating (The Pratt Tribune)
The second Greensburg Housing Fair will take place from 9 a.m. to 5 p.m. Saturday, Sept. 22, at Davis Park in Greensburg.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
HDFC may cut home loan rates (The Hindu)
Mumbai, Sept. 21 Housing Development Finance Corporation Ltd is expected to slash interest rates on home loans next week. Ms Renu Karnad, Executive Director, HDFC, said that the housing finance major had seen a 50 basis point reduction in its cost of funds, against last month.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Friday, September 21, 2007
Demand for rental housing in Utah soars (Deseret Morning News)
The high cost of buying a home in Utah is driving up the price of rental housing, because fewer people are able to qualify for mortgages, increasing the demand for rentals, real-estate analysts say.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Buying land? No tax exemption on loan (rediff.com)
Car loan is not eligible for any tax exemption similar to that of house loan, says direct tax expert Vikas Gandhi.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
GHB to press ahead with housing debt issue (Bangkok Post)
The Government Housing Bank will forge ahead with plans to securitise 40 billion baht in mortgage loans despite market volatility stemming from the collapse of the US sub-prime market.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Affordable housing loan killed by council (The Lake County Record-Bee)
LAKEPORT City council denied a developer's loan request to purchase property for a 62-unit affordable multi-family housing project at their meeting Tuesday.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
State lawmakers, housing pros pledge to protect homebuyers (The Greenville News)
With the Greenville metropolitan area among the nation's worst for mortgage lending disparities based on race, state lawmakers and housing industry officials pledged Thursday to push for stronger lending laws to protect homebuyers.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Two banks raise housing loan interest rates (China Daily)
China Merchants Bank and China Everbright Bank's Shanghai branches, as pilots, simultaneously announced a rise in fixed interest rates for housing loans yesterday, the Shanghai Morning Post reported today.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Tax breaks 'key to easing housing crisis' (Daily Telegraph)
ANZ chief economist Saul Eslake says that calls for an increase in the first home buyer's grant are ill-founded and will simply compound the housing affordability crisis.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Thursday, September 20, 2007
Senate banking panel OK's housing admin reform (Reuters via Yahoo! News)
The Senate Banking Committee on Wednesday voted to overhaul the Federal Housing Administration and allow the mortgage insurance program to help more homeowners in danger of losing their homes.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
No housing woes in booming Washington state (Reuters via Yahoo! News)
While California suffers in the housing crisis, the economy of nearby Washington state is flourishing with strong job growth and some of the highest appreciation in home prices in the nation.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Tips on choosing the right loan schemes (The Star Online)
DO you want a better understanding of the housing loan schemes in the market? Then attend the talk on Smart Move To Proper Financing at The Star Property & Home Fair 2007.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Lower rates won't turn around housing market just yet (Chicago Tribune)
The Federal Reserve's rate cut on Tuesday doesn't mean happy days are here again for the housing industry -- after all, real estate didn't go into a spin because interest rates rose, but because jitters in the bond market caused lending to evaporate.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
HCCI seeing more clients ignorant of their ARM, loan status (49 ABC News Topeka)
Housing Credit and Couseling Inc. has seen an increase in the number of foreclosures and people seeking help with adjustable rate mortgages.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Greensburg, KS - Rebuilding homes and rebuilding lives is the focus this weeks Greensburg Housing Fair scheduled for ... (WIBW-TV Topeka)
This free, full-day event will offer a one-stop source of housing information for Greensburg and Kiowa County residents exploring home-buying and rebuilding options.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Fannie, Freddie get the OK to boost loan portfolios (Minneapolis-St. Paul Star Tribune)
The Bush administration reversed policy Wednesday, allowing Fannie Mae and Freddie Mac, the two largest sources of money for U.S. home loans, to expand their investments in an effort to make mortgages easier to get. The Office of Federal Housing Enterprise Oversight (OFHEO) will permit Fannie Mae and Freddie Mac to boost their loan portfolios by about 2 percent a year beyond a cap of about $1.5 ...
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
FED CUTS LOAN RATE (Asbury Park Press)
The Federal Reserve Board on Tuesday lowered a key short-term interest rate by half a percentage point in a bid to prevent the housing market's troubles from spilling over into the rest of the economy.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Housing market frustrating for workers (Westminster Community Times)
With the housing market cooling and prices stagnant or dropping, many people are finding they can no longer afford the home they purchased. But several agencies offer temporary help with eviction prevention.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Wednesday, September 19, 2007
Sector Glance: Housing Stocks Jump (AP via Yahoo! Finance)
Housing stocks rose along with the broader market Tuesday after the U.S. central bank sharply cut its target interest rate for the first time in four years.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
N.Z. Housing Market Slows as Rates Rise, Bollard Says (Update1) (Bloomberg.com)
Sept. 19 (Bloomberg) -- New Zealand's housing market is starting to slow as record high interest rates crimp the ability of consumers to finance home loans, Reserve Bank Governor Alan Bollard said.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Toll Bros. CEO: Housing Plunge Not Over (AP via Yahoo! Finance)
The chief executive of Toll Brothers Inc. said Tuesday that the housing market hasn't yet bottomed out and the subprime mortgage crisis will not be resolved by the Federal Reserve's interest rate cuts but by a return to conventional underwriting standards.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
San Rafael offers new fire chief a $600,000 home loan (Marin Independent Journal)
The San Rafael City Council has offered a $600,000 low-interest home loan to the city's new fire chief, Chris Gray.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
House eyes changes at housing agency (CNN Money)
Lawmakers to vote on whether to expand role of Federal Housing Administration to assist homeowners in avoiding foreclosure.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Redding Bank of Commerce Announces Affordable Housing Program 2007 Round 'A' Award (PR Newswire via Yahoo! Finance)
Patrick J. Moty, President & CEO of Bank of Commerce Holdings , a $605.6 million asset financial holding company, and parent company of Redding Bank of Commerce, Roseville Bank of Commerce, Sutter Bank of Commerce and Bank of Commerce Mortgage today announced the bank has been awarded a grant in the Federal Home Loan Bank of San Francisco's Affordable Housing Program .
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Fed cut could buoy housing markets (CNN Money)
The Federal Reserve's aggressive half-point cut Tuesday could provide support for a slumping housing market.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
2 appointed to Collier Housing Authority (Bonita Daily News)
Gov. Charlie Crist on Tuesday appointed two local residents to the Collier County Housing Authority. Immokalee resident Bernardo Barnhart, 29, a loan officer with Florida Community Bank, was appointed for a term beginning Sept. 18 and ending Oct. 17, 2010. He succeeds Liliana Flores.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
HOUSING (The State)
Its still a buyers market The interest rate cut could boost the local housing market, where builders are offering incentives to move an ample supply of unsold houses, said Earl McLeod, executive director of the Home Builders Association of Greater Columbia. Its got to add to what weve been saying: Its a buyers market, McLeod said. The Columbia area has suffered from the national ...
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Tuesday, September 18, 2007
White House opposes key parts of housing bill (Market Watch)
WASHINGTON (MarketWatch) -- The Bush administration is speaking out against key provisions of a bill aimed at reforming the Federal Housing Administration as the House prepares to vote on the legislation.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Home Loan Banks Spent $360,000 Lobbying (AP via Yahoo! Finance)
The Council of Federal Home Loan Banks spent $360,000 to lobby the federal government in the first half of 2007, according to a disclosure form.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
How can the poor get affordable housing? (rediff.com)
With this rapid urbanisation, one of the biggest challenges will be providing affordable housing to citydwellers, especially the poor.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Home loan inquiry 'not good enough' (News Interactive)
UNION and consumer groups say the recommendations from a federal parliament inquiry into home loan lending don't go far enough.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Delaware Terrace tussle over low-income housing (The Express-Times)
EASTON | The city's housing authority appears stuck between the proverbial rock and a hard place. On one side, the U.S. Department of Housing and Urban Development instructed the authority to consider boosting the number of low-income rentals in a redeveloped Delaware Terrace.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Union Says Australian Home Loan Recommendations Don't Go Far Enough (Nasdaq)
(RTTNews) - An Australian union group says recommendations from a federal inquiry into home loan lending don't go far enough. Parliament's Economics Committee report calls for nationwide regulation of mortgage brokers and non-bank lenders at the federal level, and better data on home repossessions.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Monday, September 17, 2007
Hovnanian chief says housing bottom is very near (The Daily Record)
Hovnanian Enterprises Inc. Chief Executive Officer Ara Hovnanian said the U.S. housing market is near the bottom and wont recover until 2009. The shares rose as much as 9.6 percent.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Claims BNZ staff under home loan pressure (Newstalk via Yahoo!Xtra News)
Bank of New Zealand is being accused of putting pressure on the housing market.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Claims BNZ staff under home loan pressure (NZCity)
17 September 2007 Bank of New Zealand is being accused of putting pressure on the housing market. Finance sector union Finsec claims BNZ is setting unrealistic home loan sales targets for banking advisors.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Loan servicers help delinquent borrowers (Orange County Register)
Loan servicing companies step up staffing, training to deal with borrowers in trouble.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Mortgage crisis spreads to sub-prime car loan market (Times Online Sunday)
Fears are mounting that the sub-prime mortgage crisis is beginning to infect Americas $300 billion (150 billion) car loan market as evidence emerges of a surge in the numbers of US motorists in arrears.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
BNZ under fire from Finsec (TVNZ)
The BNZ is being accused to putting pressure on the housing market. It is under fire from finance sector union Finsec for setting unrealistic home loan sales targets of banking advisors.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Passing the housing buck (Asbury Park Press)
Critics say a system of so-called Regional Contribution Agreements allows affluent towns to shirk their affordable housing obligations. Today, in the first part of a four-day series, the Asbury Park Press examines the advantages and disadvantages of the program.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
City plans housing program for renters (The Lompoc Record)
For the first time, the city of Santa Maria, which has already established loans to help local businesses, is creating a program designed to help low-income residents secure rental housing.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Sunday, September 16, 2007
Foreclosure rates linked to loan type, local economy (Baltimore Sun)
Kenneth Harney -- Nation's Housing Just how bad is the foreclosure situation? If you caught summaries of the latest delinquency and foreclosure numbers released by the Mortgage Bankers Association of America, you could only conclude: Yikes, it is getting scary out there:
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Housing slump prompts recession talk (The Myrtle Beach Sun News)
The first significant crack in the economy's foundation appeared when a recent government report showed employers cut jobs for the first time in four years. But what's going to happen next? As the housing pain drags on and a painful credit crunch tests the country's economic resiliency, will the employment crack get worse? Will other fractures appear? And will they cause the economy to crumble ...
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Immokalee to benefit from a new family rental housing complex (Naples Daily News)
Big Cypress Housing Corp. Inc. plans to develop rental housing units for legal migrant and seasonal farmworkers in Immokalee, west of Carson Road. The nonprofit housing organization will construct 92 multifamily rental housing units on the 20-acre property, named the Reserves at Eden Gardens.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
You may want to wait for dropping loan rates (The Charlotte Observer)
If you're banking on an interest rate cut fairly soon -- and you should -- it's time to consider what moves to make with your money. Do you lock up a CD now? Wait around to refinance? Drag your feet on a car loan? The Federal Reserve board meets Tuesday, and we'll likely see the first rate cut in four years. Diane Swonk, chief economist for Mesirow Financial in Chicago, expects the Fed to cut ...
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Experts urge caution when weighing sales pitches from housing vultures. (The Kansas City Star)
A rising tide of mortgage delinquencies and foreclosures caused in part by quick jumps in interest rates on subprime mortgages has drawn attention to active housing investors. Theirs is not a beloved industry.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Countrywide Financial works to regain footing in shaky housing market (Daily Local News)
LOS ANGELES (AP) Countrywide Financial Corp. grew from a two-man startup in 1969 to become the nation's leading mortgage lender by deftly riding out housing boom-and-bust cycles.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Hospital to use windfall for affordable housing? (The Aspen Times)
ASPEN Aspen Valley Hospital, desperate to find housing for its employees, coupled with an an expected increase in its workforce, is considering putting $1.5 million a year in windfall tax receipts into an 'affordable housing fund.'
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Saturday, September 15, 2007
Water blamed for Johors outstanding loan with Federal Govt (The Star Online)
JOHOR BARU : About 90% of Johor's outstanding loan amount from the Federal Government will be substantially reduced when the states water services are taken over by a federal department.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Monthly O.C. housing costs (Orange County Register)
Orange County residents are spending a bigger chunk of their income on housing than they have in at least a decade, according to the American Community Survey released by the US Census Bureau.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Loan costs to hold down house prices (Times Online)
Northern Rocks difficulties will add to the gloom already spreading through parts of the housing market.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Hovnanian Chief Says Housing Bottom Is `Very Near' (Update6) (Bloomberg.com)
Sept. 14 (Bloomberg) -- Hovnanian Enterprises Inc. Chief Executive Officer Ara Hovnanian said the U.S. housing market is near the bottom and won't recover until 2009. The shares rose 9.7 percent.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
(D-PA) announces the achievement of a . $100 million milestone in the Federal Home Loan Bank s Affordable Housing (InfoBolsa)
U.S. Sen. Robert P. Casey Jr. $100 million milestone in the Federal Home Loan Bank s Affordable Housing 14/09/2007 16:25:00 Business Wire U.S. Sen. Robert P.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Rural Missouri hits 150 million level of home loan guarantees from USDA Rural Development (Democrat News)
Greg Branum, Missouri State Director for USDA Rural Development, announced that 150 million in guaranteed rural housing loans have been made in rural Missouri so far this fiscal year.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
CPC Finances Affordable Housing Project with $3.6M Loan (Multi-Housing News)
Brooklyn, N.Y.The Community Preservation Corp. (CPC), a non-profit mortgage lender, has provided a construction loan of nearly $3.6 million for the gut rehabilitation of two three-family and four two-family buildings in the Bedford-Stuyvesant neighborhood of Brooklyn, N.Y.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Friday, September 14, 2007
Low mortgage rates the silver lining in a bleak housing picture (Market Watch)
CHICAGO (MarketWatch) -- Sure, the shakiness in the mortgage lending market has made it difficult for some borrowers to get a loan. But for others with great credit and a down payment, conditions are getting even more favorable to buy a home or refinance.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Countrywide lines up $12 billion financing (Reuters via Yahoo! News)
Countrywide Financial Corp , the largest U.S. mortgage lender, said on Thursday that it had lined up $12 billion of secured financing to help cope with a housing slowdown that has reduced loan demand and will lead to widespread layoffs.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Court: Endeavor man liable for loan (Portage Daily Register)
An appeals court reversed a Marquette County Circuit Court ruling in the case of Russell Gray, meaning the Endeavor man must repay thousands of dollars to the village.Combining the original amount of the loan, 4 percent back interest and lawyer fees, the total amount owed could be more than $30,000. Gray owes the village money from a 1994 business development grant. The state Court of Appeals ...
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Council OKs application for loan funds for CDBG housing program (Park Falls Herald)
PARK FALLS -- The city of Park Falls may have up to $650,000 available by as early as February or March for zero-interest deferred- payment loans to help with low- or moderate-income housing.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Thursday, September 13, 2007
13-09-2007: Rehda: Credit EPF withdrawals into housing loans (The Edge Daily)
KUALA LUMPUR: The Real Estate and Housing Developers Association Malaysia (Rehda) has urged the government to reconsider the proposed mechanism of crediting the monthly Employees Provident Fund withdrawals for housing purpose to contributors individual accounts.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Wednesday, September 12, 2007
KBank on course to meet loan target (Bangkok Post)
Kasikornbank expects to maintain its loan growth target of over 8% for the year, or just above the industry average of 6-7%. KBank president Prasarn Trairatvorakul said net loan growth at the end of August had reached nearly 50 billion baht, up almost 8% from the year before.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Home loan-GDP ratio still stuck at a paltry 5% (Indian Express Finance via Yahoo! India News)
Despite the boom in real estate sector, home loans to GDP ratio in India continues to be a dismal 5 per cent as against 50 per cent in US and UK. These observations were made by the Associated Chambers of Commerce and Industry of India (Assocham), which also pointed out that since buying a home requires huge investment, higher home loan GDP ratio is necessary as 90 per cent of borrowers are the ...
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Housing slump costly in U.S. (Seattle Post-Intelligencer)
Washington Mutual Inc. will close two mortgage divisions as lenders scale back during a U.S. housing slump.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Housing stocks decline hurts some big investors (Washington Post)
BOSTON (Reuters) - The slump in housing stocks to new four-year lows is hurting some well-known investors who recently added home builders and housing-related stocks such as KB Home (KBH.N) and Pulte Homes Inc (PHM.N) to their positions.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Housing stocks decline hurts some big investors (Boston Globe)
The slump in housing stocks to new four-year lows is hurting some well-known investors who recently added home builders and housing-related stocks such as KB Home and Pulte Homes Inc to their positions.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
New property loan index to help track market trends (Channel NewsAsia)
SINGAPORE : A new property loan index has been launched by the Credit Bureau of Singapore. It is aimed at, among others, to track loan delinquencies and demand for housing credit.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Sluggish Incomes Add to Housing Slump (AP via Yahoo! Finance)
An Associated Press analysis of new census data provides insight into the reasons for the slumping housing market: Since 1990, homeowners have faced a growing gap between their incomes and the price of their homes.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Ahead of the Bell: Mortgage Applications (AP via Yahoo! Finance)
Investors on Wednesday will get an update on mortgage applications as the housing market continues to show weakness. The Mortgage Bankers Association is due to report its weekly index of home-loan application volume at 7 a.m.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Incomes rise slower than housing values Census data suggest discrepancy fueling real estate slump (Inside Bay Area)
WASHINGTON An Associated Press analysis of new census dataprovides insight into the reasons for the slumping housing market: Since 1990, homeowners have faced a growing gap between their
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
12-09-2007: One application for monthly EPF disbursement for housing loan (The Edge Daily)
KUALA LUMPUR: Homeowners will only have to apply once to have 30% of their monthly Employees Provident Fund (EPF) contributions credited into their personal banking accounts towards paying their housing loan instalments, said Second Finance Minister Tan Sri Nor Mohamed Yakcop.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
QNB finalises USD 1,850 million syndicated term loan facility (AME Info)
Qatar National Bank (QNB) announced the successful closing of USD 1, 850 million syndicated term loan facility (the 'Facility') arranged by a group of international banks and financial institutions.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
As housing prices soared, incomes hovered (MSNBC)
An Associated Press analysis of new Census data provides insight into the reasons for the slumping housing market: Since 1990, homeowners have faced a growing gap between their incomes and the price of their homes.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Housing stocks decline hurts some big investors (Washington Post)
BOSTON (Reuters) - The slump in U.S. housing stocks to new four-year lows is hurting some well-known investors who recently added home builders and housing-related stocks such as KB Home (KBH.N) and Pulte Homes Inc (PHM.N) to their positions.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Housing Slump Will Extend Into 2008 in Loan Crisis (Update2) (Bloomberg.com)
Sept. 11 (Bloomberg) -- The U.S. housing slump will extend into next year as tighter loan standards cut into home sales, the National Association of Realtors said.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
State awards land conservation grant, loan for St. Simons property (Savannah Morning News)
ATLANTA - The state gave a coastal land trust group $3.5 million in loan and grant money Tuesday to hold onto St. Simons Island property next to Fort Frederica and to keep it from being developed.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Widening gap between incomes and home prices led to housing slump (The Kansas City Star)
WASHINGTON | An Associated Press analysis of new census data provides insight into the slumping housing market: Since 1990, homeowners have faced a growing gap between their incomes and home prices.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
French boost for cheap housing (News 24 South Africa)
Absa has secured a 40m loan from France's development agency to help fund low-income housing, it says.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Tuesday, September 11, 2007
US housing woes 'acute' (BBC News)
The US housing and mortgage downturn is now so acute that a fall in home prices is likely, a key lender warns.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Bistro owner set to meet loan deadline (Contra Costa Times)
Pear Street Bistro owner Gary Wong is on track to meet today's deadline to bring four apartments into compliance with a housing covenant tied to redevelopment loans for his building, interim Pinole City Manager Charles Long said.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
U.S. Housing's Woes, Bear's Value, Hong Kong's Price: Timshel (Bloomberg.com)
Sept. 11 (Bloomberg) -- Investors don't even need to pay attention to U.S. homebuilders to know how badly the housing industry is faring.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
IBM Division Receives FHA Loan Approval (AP via Yahoo! Finance)
IBM Lender Business Process Services Inc., a provider of technology used in the mortgage application process, said Monday it was approved to provide those services on loans insured by the Federal Housing Administration.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Bank Simpanan to offer new housing loan package (Business Times)
The package, now being put together, will cover both Islamic and conventional housing loan facilities
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Housing crunch lands new punches (Seattle Post-Intelligencer)
Washington Mutual Inc. said conditions in the housing market are creating a "near-perfect storm" and may force the company to set aside more money to cover bad loans.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Loan Help Draws Fire (Hartford Courant)
Many Set Against Mortgage Bailouts As more states and cities struggle to find the money to bail out homeowners caught up in the housing downturn, some Americans are wondering why government should be rewarding people for their greed or irresponsibility.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Critics question loan bailouts (Seattle Post-Intelligencer)
As more states and cities struggle to find the money to bail out homeowners caught up in the housing downturn, some Americans are wondering why government should be rewarding people for their greed or irresponsibility.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Washington Mutual sees more 2007 loan losses (Reuters via Yahoo! News)
Washington Mutual Inc said on Monday that most U.S. housing markets are weakening, creating a "near perfect storm" that may force the largest U.S. savings and loan to set aside more money for bad loans.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
BSN To Introduce New Housing Loan Package In January (Bernama)
KUALA LUMPUR, Sept 10 (Bernama) -- Bank Simpanan Nasional (BSN) will be introducing a new housing loan package suited for the lower-income group in January next year.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Wall Street declines as banks slump (Reuters via Yahoo! News)
Stocks fell on Monday as bank shares declined on fears of bigger-than-expected loan losses related to housing, while a drop in crude oil prices hurt energy shares.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Housing downturn likely to last, expert says (Dallas Morning News)
Don't look for a quick turnaround in the housing market downturn.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Market flat as techs offset bank declines (Reuters via Yahoo! News)
Stocks were little changed on Monday as strength in the technology sector helped offset declines in banks' shares, prompted by worry over loan losses related to the housing slump, .
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Monday, September 10, 2007
Hezbollah bastion rebuilds after war with Israel (AFP via Yahoo! News)
Watched over by guards, workers lay concrete blocks for brand new housing to replace Hezbollah's former command quarters, destroyed by Israeli air strikes last year in Beirut's southern suburbs.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Evils Spread Beyond Housing (Hartford Courant)
The problems in the housing market were supposed to stay there. Perhaps they would be a nightmare for some homeowners, but not for the economy in general.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Health of housing market depends on whom you ask (Baltimore Sun)
Kenneth Harney -- Nation's Housing How worried should homeowners or sellers be at the moment? Looking at two nationally quoted measures of home values, you might be perplexed.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Home loans likely to hit capital adequacy: Crisil (Business Standard India)
The aggressive growth in retail housing loan portfolio is likely to hit the capital adequacy of Indian banks under the Basel II norms due to higher risk weights. The private banks may witness a higher impact than their public sector counterparts.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Slump in the U.S. housing market hurting Realtors (Daily Breeze)
WASHINGTON - Plummeting stock prices. Mortgage lenders filing for bankruptcy or shutting down. Layoffs at homebuilders and banks. Soaring foreclosures and loan defaults.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Council to consider loan program (The Daily Reporter)
COLDWATER The Coldwater City Council will consider setting up a new loan program for major repairs to owner-occupied property at its meeting tonight.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Housing finance falls as credit crunch emerges (The Age)
Credit market turmoil and higher interest rates expected to dent housing finance commitments, say economists.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Getting mortgage for expensive property now costs even more (BizJournals)
Soaring jumbo mortgage loan rates are creating concern nationally in the high-end housing market, but aren't impacting Pittsburgh -- at least not at this point.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Jumbo loan woes hitting brokers (BizJournals)
Massachusetts mortgage brokerage firms are closing at a torrid pace as the real estate slowdown and recent credit crunch sweep away the excesses of the most recent housing boom. Those that remain face a drop-off of up to 50 percent in jumbo financing.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Sunday, September 9, 2007
Countrywide cuts heighten loan crisis (Chicago Tribune)
The lender plans as many as 12,000 layoffs. CEO Mozilo says the downturn is the most severe in recent history. Home loan colossus Countrywide Financial Corp. announced Friday that it would slash as many as 12,000 jobs, or nearly 20% of its workforce, saying the downturn in the housing market and the credit crunch related to sub-prime loans have created the worst conditions ever seen by the ...
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Veterans laud home loan program (Galesburg Register-Mail)
'Couldn't pass up' state offer of low-interest loan
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Housing ills rain on economy (Chicago Tribune)
Credit crunch caused by upheaval in mortgage market spreads to other sectors as worries intensify The problems in the housing market were supposed to stay there. Perhaps they would be a nightmare for some homeowners, but not for the economy in general.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Pag-IBIG lowers loan interest rate (Sun Star)
AN OFFICIAL of the government-controlled Pag-IBIG Fund announced that the lending agency has reduced its interest rates on housing loans.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Bruss: PMI loan market thrives in spite of 'mortgage meltdown' (The Tennessean)
Despite all the negative publicity about the so-called "mortgage meltdown" with more than 100 major mortgage lenders either filing bankruptcy or being unable to fund their home loan commitments, low- and no-down-payment PMI (private mortgage in surance) mortgages are readily available if you have steady income and good credit.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Unexpected Drop in Job Payrolls Sends Stocks Lower (Washington Post)
Stocks fell last week after the economy unexpectedly lost jobs for the first time since 2003, prompting speculation that the housing slump is spreading.
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[Source: Yahoo! News Search Results for housing loan]
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[Source: Yahoo! News Search Results for housing loan]
Housing loan scheme wont affect EPF earnings (The Star Online)
PUTRAJAYA : The freeing of RM9.6bil in Employees Provident Fund contributions to pay for the purchase of homes by the public will not affect the earnings of the body.
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Friday, September 7, 2007
U.S. House OKs Native Hawaiian housing program (KPUA Hilo)
HONOLULU (AP) _ The U.S. House has approved the Native American Housing and Self-determination Act. But Hawaii's Democratic Reps. Neil Abercrombie and Mazie Hirono had to fend off Republican efforts to kill the legislation's Native Hawaiian housing program.
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Officials discuss local workforce housing (Branson Daily News)
TANEY COUNTY Taney County families, earning minimum wage, most often work more than one job with both spouses working, and their combined income puts them over the state and federal income limits for subsidized housing, according to the Taney County Industrial Development Authority.
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Housing woes take toll on IndyMac, Beazer, Hovnanian (USA Today)
IndyMac Bancorp, one of the largest independent U.S. mortgage lenders, said Friday it plans to cut 1,000 jobs and halve its dividend, as loan volumes decline and after investors stopped buying many of its loans.
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Housing crisis continues (The Myrtle Beach Sun News)
Homeowners, struggling to deal with sharp increases in their adjustable mortgage payments, got hit with a record number of foreclosure notices in the spring as the crisis in subprime lending intensified. The problem was the most severe in the industrial Midwest and former housing boom areas such as California and Florida, but economists warned the situation will get worse in coming months as an ...
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Govt To Allow Monthly EPF Withdrawals To Service Housing Loans (Bernama)
KUALA LUMPUR, Sept 7 (Bernama) -- The government will allow Employees Provident Fund (EPF) contributors to make monthly withdrawals from the balance in Account 2 for housing loan repayments, effective Jan 1 2008.
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Minorities get higher home-loan rates (The Columbus Dispatch)
As the housing crisis deepens, blacks and Latinos remain more likely to feel its brunt, an advocacy group says.
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Thursday, September 6, 2007
Illinois Expands Home Loan Program (CBS 2 Chicago)
More first time homebuyers in Illinois can qualify for help from the state. Officials say they're expanding the state's I-Loan program. It offers below-market interest rate home mortgages to low-income buyers.
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Rising home loan rates dampens housing sector growth: Assocham (Press Trust of India)
New Delhi, Sep 3 (PTI) The rising home loan rates is acting as a dampener to the growth of housing sector, lowering its growth to 26.6 per cent in 2006-07 from 29.1 per cent in 2005-06, industry chamber Assocham today said.
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