Wednesday, October 31, 2007

Central Pacific profits fall on loan worries (bizjournals.com via Yahoo! Finance)

Central Pacific Financial Corp. braced itself Tuesday against fallout from its exposure to the lagging California housing market, a move that saw profits at the state's fourth largest financial institution drop.

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[Source: Yahoo! News Search Results for housing loan]

U.S. Tosses Lifeline to Lenders Using Home Loan Banks (Update1) (Bloomberg.com)

Oct. 30 (Bloomberg) -- Banks shut out of the market for short-term loans are finding salvation in a government lending program set up to revive housing during the Great Depression.

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[Source: Yahoo! News Search Results for housing loan]

Paulson committed to strong dlr, says housing weak (Reuters via Yahoo! Malaysia News)

NEW DELHI, Oct 30 - The United States is strongly committed to a strong U.S. dollar and financial markets there are recovering from the subprime loan crisis even if the housing market has yet to touch bottom, U.S. Treasury Secretary Henry Paulson said on Tuesday.

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[Source: Yahoo! News Search Results for housing loan]

DETROIT: Ex-cop charged with loan forgery (Detroit Free Press)

A fired Detroit police officer was charged Tuesday with three felonies on allegations he forged the signature of Wayne County Clerk Cathy Garrett in an attempt to receive a mortgage loan. County officials announced forgery and other charges against D'Clarence Reynolds, 27, of Detroit in a case that left Wayne County Sheriff Warren Evans baffled.

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[Source: Yahoo! News Search Results for housing loan]

Rate Cut Unlikely to Fix Housing Woes (Washington Post)

WASHINGTON -- The interest rate cut that Wall Street believes will buffer the economy from housing market woes is unlikely to give much of a boost to suffering banks and homebuilders in the near term, analysts say.

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[Source: Yahoo! News Search Results for housing loan]

Revolving Loan Funds available in Green County (Monroe Times)

MONROE -- Revolving Loan Funds are available through the Green County Housing Program. RLP funds can be made available to eligible residents of Green County for:

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[Source: Yahoo! News Search Results for housing loan]

Tuesday, October 30, 2007

2 loan plans in play for Pa. homeowners (Philadelphia Daily News)

If the subprime-loan crisis is a tidal wave breaking across the commonwealth, then the programs announced by Gov. Rendell yesterday are just a narrow stretch of beach.

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[Source: Yahoo! News Search Results for housing loan]

Grants for affordable housing (The Express-Times)

ALLENTOWN | With a backdrop of a neighborhood transformed, three Lehigh Valley affordable housing developments received nearly $1 million in grants Monday.

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[Source: Yahoo! News Search Results for housing loan]

Cover for home loan (The Economic Times)

In case of insurance for housing loans, it provides cover for repayment of housing loan to the bank in case of unfortunate demise of the borrower. The loan amounts involved in case of housing loans are quite high and the tenures pretty long.

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[Source: Yahoo! News Search Results for housing loan]

Britain's housing market under tight conditions (Pravda Ru)

Britain's housing market fell victim to tighter loan conditions and tumbling demand.

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[Source: Yahoo! News Search Results for housing loan]

Mozilo: Housing Slump Could Worsen (AP via Yahoo! Finance)

The chief executives of Countrywide Financial Corp. and KB Home predicted more trouble ahead for the nation's slumping housing market on Monday, calling on lawmakers to expand financing for home buyers.

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[Source: Yahoo! News Search Results for housing loan]

Home loan approvals in Britain at two-year low as market cools (Gulf Times)

LONDON: Tougher loan conditions are beginning to impact Britains housing market, reports showed yesterday, with mortgage approvals at their lowest level for two years, and lenders saying prices will be almost flat in 2008.

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[Source: Yahoo! News Search Results for housing loan]

Countrywide CEO: More trouble ahead for housing market (USA Today)

Countrywide Financial's chairman and CEO says he believes there's more trouble ahead for the nation's slumping housing market.

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[Source: Yahoo! News Search Results for housing loan]

Reports: UK Housing Market Cooling (AP via Yahoo! Finance)

Tighter loan conditions and tumbling demand are taking a toll on Britain's housing market, according to reports released Monday.

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[Source: Yahoo! News Search Results for housing loan]

More housing troubles foreseen (Deseret Morning News)

The chief executives of Countrywide Financial Corp. and KB Home predicted more trouble ahead for the nation's slumping housing market on Monday, calling on lawmakers to expand financing for homebuyers.

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[Source: Yahoo! News Search Results for housing loan]

UK housing market cools (Stuff)

Tougher loan conditions are beginning to impact Britain's housing market, reports showed on Monday, with mortgage approvals at their lowest level for two years, and lenders saying prices will be almost flat in 2008.

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[Source: Yahoo! News Search Results for housing loan]

Saturday, October 27, 2007

Circle Anglia seals social housings biggest deal (InsideHousing)

Circle Anglia has sealed the social housing sector's largest ever loan deal, worth a staggering 1.4 billion. The move dwarfs the previous highest deals - 725 million to Glasgow Housing Association back in 2003 and a 700 million refinancing deal for Amicushorizon sealed last year.

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[Source: Yahoo! News Search Results for housing loan]

This Time, Housing Is Taking Department Stores Down With It (New York Times)

Since April, when investors voiced optimism that the housing slide had been contained, shares of the country?s biggest department store chains have fallen by about 30 percent.

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[Source: Yahoo! News Search Results for housing loan]

After the Fires - A Housing Rebound? (Time Magazine)

San Diego's slumping housing market may get a short-term boost from people looking for new homes, but for how long?

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[Source: Yahoo! News Search Results for housing loan]

Developer gets HUD loan for Exide plant project (The Morning Call)

$2.5 million award will be used to demolish building, prepare site. The Department of Housing and Urban Development announced a $2.5 million loan Friday for the development of the former Exide battery plant in Allentown, which is being razed to clear the site for redevelopment as a shopping center.

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[Source: Yahoo! News Search Results for housing loan]

Lawmakers face painful reality in loan crisis (The Plain Dealer)

Washington- If you want to see a Democratic or Republican congressman squirm, mention a multibillion-dollar bailout for the housing market crisis. The apparent discomfort contrasts with reality: most risky home loans made near the end of the housing boom can't be salvaged.

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[Source: Yahoo! News Search Results for housing loan]

Housing woes spill over to department stores (International Herald Tribune)

When home builders' stocks plunged in 2006, Wall Street was confident that the problems would not spill over into the larger economy. Exhibit A? Department store stocks rose steadily despite the housing woes.

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[Source: Yahoo! News Search Results for housing loan]

Loan woes slam BankAtlantic (Miami Herald)

The deteriorating housing market took its toll on BankAtlantic Bancorp in the third quarter. The Fort Lauderdale-based banking company said Friday it lost nearly $30 million while experiencing a seven-fold increase in its problem loans in three months.

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[Source: Yahoo! News Search Results for housing loan]

Friday, October 26, 2007

Damaged NYC Property Gets Makeover, CPC Loan Helps Mixed-Use Project Rise (Multi-Housing News)

New YorkThe Community Preservation Corp. (CPC), a New York-based non-profit affordable housing lender, has provided a $2.5-million construction loan to develop a mixed-use complex in the Riverdale section of the Bronx. The property will feature multifamily and commercial components.

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[Source: Yahoo! News Search Results for housing loan]

Synovus 3Q Profit Hit by Loan Problems (AP via Yahoo! Finance)

Synovus Financial Corp. profit slipped 8 percent in the third quarter as a struggling housing market in Florida discouraged the bank's borrowers from repaying their mortgages, the company said Thursday.

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[Source: Yahoo! News Search Results for housing loan]

Housing a myth (Times of Malta)

In our collective imagination, Malta is bursting at the seams with people, housing them is a problem, there is not enough land for us all and this is what justifies the extraordinary price of property. A host of elements conspire to fuel the myth and they all seem real enough.

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[Source: Yahoo! News Search Results for housing loan]

Dollar eases against euro before more US housing data (AFP via Yahoo! News)

The dollar edged lower against the European single currency on Thursday ahead of another reading on the beleaguered US housing market.

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[Source: Yahoo! News Search Results for housing loan]

Analysts expect housing slump to continue in spite of slight increase in new home sales (Herald Standard)

WASHINGTON (AP) - New home sales posted an unexpected increase in September. Analysts, however, viewed the small gain as highly questionable given the severe credit crunch that rocked the housing industry this summer.

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[Source: Yahoo! News Search Results for housing loan]

Analysts expect housing slump to continue in spite of slight rise in new home sales (The Journal News)

New home sales posted an unexpected increase in September. Analysts, however, viewed the small gain as highly questionable given the severe credit crunch that rocked the housing industry this summer. They predicted further sales declines before the worst housing slump in more than two decades comes to an end.

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[Source: Yahoo! News Search Results for housing loan]

Thursday, October 25, 2007

Dollar steady against euro despite weak US housing data (AFP via Yahoo! News)

The dollar weakened against the yen but was little changed versus the euro Wednesday, weathering weaker-than-expected US housing data and a massive write-off by investment banking giant Merrill Lynch.

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[Source: Yahoo! News Search Results for housing loan]

Chicago Bank Takes Action Against Subprime Housing Crunch (The Online NewsHour)

Chicago's ShoreBank has implemented a "rescue loan program" to help customers refinance home mortgages that may be in danger of default. A consumer advocate and a mortgage industry representative weigh in on how to best respond to the country's subprime loan crisis.

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[Source: Yahoo! News Search Results for housing loan]

Alexandria OKs loan for affordable housing project (BizJournals)

The Alexandria City Council approved a $5.6 million bridge loan for the Alexandria Redevelopment and Housing Authority Tuesday so EYA can redevelop properties.

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[Source: Yahoo! News Search Results for housing loan]

Housing decline may last another year (The Palm Beach Post)

The housing decline has been under way for more than a year, and analysts say it could be at least another year before the market plateaus, based on September existing-home sales reports.

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[Source: Yahoo! News Search Results for housing loan]

Housing market takes turn for the worse (Reuters via Yahoo! News)

The housing market took a sharp turn for the worse in September as prices tumbled and sales of previously owned homes fell to a record low, battered by rising foreclosures and tighter lending standards.

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[Source: Yahoo! News Search Results for housing loan]

Temple-Inland earnings drop 62% on housing slump (Market Watch)

SAN FRANCISCO (MarketWatch) -- Temple-Inland Inc. reported a steep drop in third-quarter earnings Wednesday as weaker construction demand for its forest and wallboard products and higher provisions to cover loan losses took a toll.

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[Source: Yahoo! News Search Results for housing loan]

US housing market hammered (Perth Now)

THE US housing market took a sharp turn for the worse in September as prices tumbled and sales of previously owned homes fell to a record low.

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[Source: Yahoo! News Search Results for housing loan]

Wednesday, October 24, 2007

Co-operative alliance launches low-income housing programme (Vi?t Nam News)

HCM CITY HCM Citys Alliance of Co-operatives began a new programme on yesterday under which low-income people can get housing loans after saving up for a period of time.

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[Source: Yahoo! News Search Results for housing loan]

MBRHE Board approves Dhs147m housing loan grant for 200 Emiratis (AME Info)

The board of the Mohammed bin Rashid Housing Establishment (MBRHE) has approved 200 housing loan applications at a total of Dhs147m.

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[Source: Yahoo! News Search Results for housing loan]

Japan's Economy Can't Afford 43% Housing Plunge: William Pesek (Bloomberg.com)

Oct. 24 (Bloomberg) -- If housing starts fell 43.3 percent in the U.S., you can imagine the machinations it would cause.

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[Source: Yahoo! News Search Results for housing loan]

Green Park Financial Closes $175M Credit Facility for 11-Property Seniors Housing Portfolio (Multi-Housing News)

Bethesda, Md.Green Park Financial has closed a $175-million credit facility for a senior housing portfolio across six states in the Northeast.

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[Source: Yahoo! News Search Results for housing loan]

Nonprofits fight ban on home loan `gifts' (The Charlotte Observer)

The government next week will close a home-financing loophole it says has contributed to foreclosures and has put a federal housing assistance program in jeopardy. Yet it will be business as usual for two nonprofit organizations whose core mission is to help sellers funnel down payments to buyers. The U.S. Department of Housing and Urban Development granted AmeriDream Inc. and Nehemiah ...

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[Source: Yahoo! News Search Results for housing loan]

Centralia Council seeking housing rehab funds (Morning Sentinel)

CENTRALIA - The Centralia City Council voted Monday night to approve a resolution authorizing the submission and acceptance of a Community Development Assistance Program (DCAP) housing rehabilitation grant from the Illinois Department of Commerce and Economic Opportunity.

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[Source: Yahoo! News Search Results for housing loan]

Tuesday, October 23, 2007

Court issues warrant of arrest against Perak FA assistant coach (The Star Online)

A PERAK Football Association assistant coach had a second warrant of arrest issued against him at a magistrates court in Ipoh when he was absent again on a matter involving his failure to settle a housing loan.

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[Source: Yahoo! News Search Results for housing loan]

Housing market woes continue (The Sentinel)

New housing market data suggests Kings County home prices will continue to slide in 2008 as foreclosures continue, but sales of existing homes may start to stabilize.

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[Source: Yahoo! News Search Results for housing loan]

LIC Housing net rises on higher interest income (The Hindu)

Mumbai, Oct. 22 Driven by higher interest income, LIC Housing Finance Ltd has reported a net profit of Rs 116.37 crore in the second quarter, a 53 per cent rise from the previous years Rs 75.93 crore.

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[Source: Yahoo! News Search Results for housing loan]

Frontier Financial's 3rd-Quarter Profit Jumps 9 Percent As Region Is Spared Housing Crisis Woe (Canadian Business)

EVERETT, Wash. (AP) - Frontier Financial Corp.'s profit climbed 9 percent in the third quarter as the region the bank caters to was spared the worst of the housing recession and credit crisis, the company said Monday.

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[Source: Yahoo! News Search Results for housing loan]

Housing slump, job cuts trim SunTrust earnings (bizjournals.com via Yahoo! Finance)

Charges related to a round of job cuts and the deteriorating housing market contributed to SunTrust Banks Inc.'s 23 percent profit drop in the third quarter.

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[Source: Yahoo! News Search Results for housing loan]

LIC Housing Finance net up 53% (Business Standard India)

Buoyed by high growth in loans and a significant reduction in non-performing assets (NPAs), LIC Housing Finance (LICHF) has registered an increase of 53 per cent in its net profit to Rs 116.37 crore in the second quarter of 2007-08 from Rs 75.93 crore a year earlier.

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[Source: Yahoo! News Search Results for housing loan]

CAPITOL REPORT: Give Me A Break: Loan 'flexibility' Gets A Lift (Nasdaq)

WASHINGTON (Dow Jones) -- If you're a borrower holding a subprime-mortgage loan that's about to readjust to a higher interest rate, chances are you're wondering what options you have to get out of trouble and save your home and your money at the same time.

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[Source: Yahoo! News Search Results for housing loan]

Dumped Mortgage Files Invite Identity Theft (WallStreet Journal via Yahoo! Finance)

As the housing downturn forces mortgage-related firms to close branches, loan files containing Social Security numbers and credit reports are turning up in places like Dumpsters that are easily accessed by scam artists.

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[Source: Yahoo! News Search Results for housing loan]

Fitch Rates Idaho Housing & Finance Authority's $75MM 2007J Bonds (Business Wire via Yahoo! Finance)

NEW YORK----Fitch Ratings has assigned the following ratings to Idaho Housing and Finance Association's single-family mortgage bonds, 2007 series J:

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[Source: Yahoo! News Search Results for housing loan]

Sunday, October 21, 2007

Jitters about US housing slump sap Asian stocks (Taipei Times)

Asian stocks had their biggest weekly drop in two months, led by financial companies, on concern losses from the worst US housing slump since 1991 will spread.

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[Source: Yahoo! News Search Results for housing loan]

When will the housing market begin to bounce back? (Montgomery Advertiser)

QThe Advertiser ran an article on Thursday about the recent slowdown in home sales in the tri-county area. When will the housing market get past the pinch of the subprime disaster, and we can get rolling again? My potential retirement depends on my home maintaining its value.

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[Source: Yahoo! News Search Results for housing loan]

Loan officer's trick: Overstate income (The Arizona Republic)

Early last year, John Orey started to hear about deals in the Valley's housing market.

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[Source: Yahoo! News Search Results for housing loan]

HBTF leads syndicated JD50m loan to Enara (MENAFN)

HBTF leads syndicated JD50m loan to Enara

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[Source: Yahoo! News Search Results for housing loan]

Jordan: Housing Bank for Trade and Finance leads syndicated JD50m loan to Enara (Zawya)

In September, Enara Arabia for Energy bought a 51 per cent stake in CEGCO CEGCO , marking the privatisation of the company. The government retained 40 per cent equity and the remaining 9 per cent was to be transferred to the investment unit of the Social Security Corporation.

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[Source: Yahoo! News Search Results for housing loan]

House auction gives good news to North Side (Minneapolis-St. Paul Star Tribune)

A savvy inner-city housing investor with $11 million in her pocket emerged as the leading buyer Saturday for north Minneapolis homes that are part of a two-day auction of 300 bank-foreclosed Minnesota houses at the Minneapolis Convention Center. This is good for North Side neighbors, who have been disproportionately affected by vacant houses, thanks to loan scams and adjustable-rate mortgages ...

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[Source: Yahoo! News Search Results for housing loan]

Bank Stocks Dive as Slump In Housing Market Adds to Its Toll (Washington Post)

The stock market had its worst week in two months on speculation that the housing slump's toll on the economy is deepening, sending bank shares to their steepest decline since 2002.

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[Source: Yahoo! News Search Results for housing loan]

Saturday, October 20, 2007

Croix Apartments Project) series 2002A*; --Broward County Housing Finance Authority (FL) (Stirling Apartments Phase ... (InfoBolsa)

IFS to A+ 19/10/2007 18:16:00 Business Wire The guaranteed portfolio consists of 107 permanent loan guarantees on individual multifamily properties aggregating $814 million of risk in force, four single-family primary reinsurance arrangements aggregating $9.3 million of risk in force, and one guarantee for a single-family second-mortgage pool totaling $27,529.

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[Source: Yahoo! News Search Results for housing loan]

Collier could pay off zoo loan six years early (Bonita Daily News)

The loan that saved the Naples Zoo may be paid off six years early. Last month, Collier County government made another payment of $1,565,000, reducing the loan amount to $23,335,000.

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[Source: Yahoo! News Search Results for housing loan]

AHFC Awards $625,000 Zero-Percent Loan to Increase Homeownership (Marketwire via Yahoo! Finance)

Qualifying residents of Anchorage will have greater access to home ownership through a $625,000 loan approved by the Alaska Housing Finance Corporation board of directors Wednesday.

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[Source: Yahoo! News Search Results for housing loan]

Friday, October 19, 2007

Finance watchdog urged to lower loan deficit demands (InsideHousing)

Lenders are urging the government's banking watchdog to drop a demand that could spell the end for low loan rates for housing associations and force small building societies to pull out of the market.

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[Source: Yahoo! News Search Results for housing loan]

Affordable housing group provides down-payment assistance (BizJournals)

The Texas State Affordable Housing Corp. has developed a new first-time homebuyer loan program in the state.

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[Source: Yahoo! News Search Results for housing loan]

California housing market woes hurt Umpqua in Q3 (bizjournals.com via Yahoo! Finance)

Umpqua Holdings Corp. said the California housing down-turn negatively impacted its third quarter results, with a 42 percent drop compared with the same quarter of 2006.

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[Source: Yahoo! News Search Results for housing loan]

COALITION FAILS TO ADDRESS AUSTRALIAN HOUSING CRISIS: INSTITUTE (Asia Pulse via Yahoo!7 Finance)

Housing The coalition's promise of $A34 billion ($US30.4 billion) in tax cuts is welcome but fails to address the housing affordability crisis, says the Real Estate Institute of Australia (REIA).

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[Source: Yahoo! News Search Results for housing loan]

Coalition must do more on housing: REIA (AAP via Yahoo!7 Finance)

The coalition's promise of $34b in tax cuts is welcome but fails to address the housing affordability crisis, says the Real Estate Institute of Australia.

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[Source: Yahoo! News Search Results for housing loan]

WaMu profit sinks 72 pct, sees more housing slump (Washington Post)

NEW YORK (Reuters) - Washington Mutual Inc (WM.N), the largest U.S. savings and loan, said on Wednesday third- quarter profit fell 72 percent, hurt by mounting mortgage losses, and said it sees no end to the U.S. housing slump.

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[Source: Yahoo! News Search Results for housing loan]

Local cities apply for housing program (Waconia Patriot)

In an effort to help homeowners improve their homes, officials in Norwood Young America in partnership with the cities of Cologne and Hamburg are submitting a grant application to establish an owner-occupied housing rehabilitation loan program through the Minnesota Department of Employment and Economic Development Small Cities Development Program.

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[Source: Yahoo! News Search Results for housing loan]

Coalition Fails To Address Australian Housing Crisis: Institute (Asia Pulse via Yahoo!7 News)

The coalition's promise of $A34 billion ($US30.4 billion) in tax cuts is welcome but fails to address the housing affordability crisis, says the Real Estate Institute of Australia (REIA).

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[Source: Yahoo! News Search Results for housing loan]

Thursday, October 18, 2007

US economy grows at softer pace amid housing, finance woes (AFP via Yahoo! News)

The US economy is managing to hold onto its expansion even as the housing sector is pummeled and consumers show signs of fatigue, the Federal Reserve said in its Beige Book report Wednesday.

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[Source: Yahoo! News Search Results for housing loan]

Housing affordability plumbs fresh lows (Sydney Morning Herald)

Housing affordability for first-time home buyers has fallen to a record low as interest rates climb to their highest level in more than a decade, a survey shows.

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[Source: Yahoo! News Search Results for housing loan]

Housing affordability at its lowest (Adelaide Now)

RELENTLESS rises in interest rate rise and sky high house prices around Australia have pushed housing affordability to its lowest level on record.

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[Source: Yahoo! News Search Results for housing loan]

Labor attacks housing costs (The Age)

Kevin Rudd challenges John Howard to finally admit there is a housing crisis.

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[Source: Yahoo! News Search Results for housing loan]

WaMu profit sinks 72 pct, sees more housing slump (Reuters via Yahoo! News)

Washington Mutual Inc , the largest U.S. savings and loan, said on Wednesday third- quarter profit fell 72 percent, hurt by mounting mortgage losses, and said it sees no end to the U.S. housing slump.

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[Source: Yahoo! News Search Results for housing loan]

Housing-Related Earnings Push Stocks Into Further Retreat (Washington Post)

Stocks dropped for a second day after Wells Fargo and KeyCorp reported earnings that fell short of analysts' estimates and Federal Reserve Chairman Ben S. Bernanke said the housing slump might drag on through next year.

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[Source: Yahoo! News Search Results for housing loan]

Will US-Style Housing Slump Hit Britain? (Sky News via Yahoo! UK & Ireland Finance)

Britain's housing market could be heading for an American-style slump, international finance experts have warned.

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[Source: Yahoo! News Search Results for housing loan]

Company Debt Risk Rises Most in Seven Weeks on Housing Slump (Bloomberg.com)

Oct. 17 (Bloomberg) -- The risk of owning corporate debt soared on concerns that losses from the worst housing slump in 16 years will be deeper than anticipated, according to credit- default swaps traders.

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[Source: Yahoo! News Search Results for housing loan]

Wednesday, October 17, 2007

Bernanke remarks on housing sink stocks (The Plain Dealer)

New York- Wall Street sank for a second straight session Tuesday after Federal Reserve Chairman Ben Bernanke said the slumping housing market remains a "significant drag" on the economy.

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[Source: Yahoo! News Search Results for housing loan]

US economy ekes out growth amid housing, finance woes (Channel NewsAsia)

WASHINGTON : The US economy is managing to hold onto its expansion even as the housing sector is pummelled and consumers show signs of fatigue, the Federal Reserve said in its Beige Book report on Wednesday.

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[Source: Yahoo! News Search Results for housing loan]

Thousands locally caught in payday loan cycle (Dayton Daily News)

COLUMBUS In Montgomery County, 17,015 residents last year were caught in a web of dependence on payday lenders that cost them $17,026,726 in loan fees, according to a report released Wednesday.

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[Source: Yahoo! News Search Results for housing loan]

Asian Stocks Decline on U.S. Housing Concern, Posco Earnings (Bloomberg.com)

Oct. 17 (Bloomberg) -- Asian stocks fell after Wells Fargo & Co. reported a loss and UBS AG cut its share-price targets on Japanese banks, fueling concern a U.S. housing slump may hamper earnings growth at financial companies worldwide.

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[Source: Yahoo! News Search Results for housing loan]

Loan difficulties blamed for poor housing market (San Bernardino Sun)

Blame it on jumbo. No, not the 1962 Doris Day/Jimmy Durante movie about a lovable elephant. These jumbos are the mortgages required when a home loan exceeds federal lending limits, and they're a drag on the California housing market.

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[Source: Yahoo! News Search Results for housing loan]

Stocks dip on housing, credit woes (AP via Yahoo! News)

Wall Street sank for a second straight session Tuesday after Federal Reserve Chairman Ben Bernanke said the slumping housing market remains a "significant drag" on the economy.

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[Source: Yahoo! News Search Results for housing loan]

Stocks fall on housing woes (Los Angeles Times)

Officials' remarks heighten economic concerns as investors sift through mixed earnings news. Stocks sank Tuesday after the country's top two economic officials voiced concern about the slumping housing market's effect on the economy.

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[Source: Yahoo! News Search Results for housing loan]

D.R. Horton orders plunge 39% in feeble housing market (USA Today)

D.R. Horton, the largest U.S. home builder, said Tuesday that quarterly net orders for new homes plunged 39% amid a spike in cancellations as the U.S. housing market continued to skip along rock bottom.

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[Source: Yahoo! News Search Results for housing loan]

Asian Stocks Decline on U.S. Housing Concern, Posco Earnings (Bloomberg.com)

Oct. 17 (Bloomberg) -- Asian stocks fell after UBS AG cut its share-price estimates on Japanese banks and Wells Fargo & Co. reported a loss from home loans, fueling concern a U.S. housing slump may hamper earnings growth at financial companies.

Read More...

[Source: Yahoo! News Search Results for housing loan]

Housing slump will last at least another year: mortgage bankers (Market Watch)

BOSTON (MarketWatch) -- The Mortgage Bankers Association predicts the housing recession will last until the end of the third quarter next year. And if confidence isn't restored in the credit markets, the wait could extend until 2009, the group's chief economist said.

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[Source: Yahoo! News Search Results for housing loan]

Asian Stocks Decline on U.S. Housing Concern, Posco Earnings (Bloomberg.com)

Oct. 17 (Bloomberg) -- Asian stocks fell after UBS AG cut its share-price estimates on Japanese banks and Wells Fargo & Co. reported a loss, fueling concern a U.S. housing slump may hamper earnings growth at financial companies worldwide.

Read More...

[Source: Yahoo! News Search Results for housing loan]

Prudential Huntoon Paige Closes $1.2 Million FHA Refinance Loan for Grasslands Housing, Inc. (Business Wire via Yahoo! Finance)

COON RAPIDS, Minn.----Prudential Mortgage Capital Company announced today that it has originated a $1.2 million refinance loan for Grasslands Housing, Inc., a section-eight, multi-family housing property located in Coon Rapids, Minn.

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[Source: Yahoo! News Search Results for housing loan]

Tuesday, October 16, 2007

Asian Stocks Fall on U.S. Home Loan Concern; Nomura Declines (Bloomberg.com)

Oct. 16 (Bloomberg) -- Asian stocks dropped after losses reported by Nomura Holdings Inc. and Citigroup Inc. renewed concern a U.S. housing slump will stunt earnings growth at financial companies.

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[Source: Yahoo! News Search Results for housing loan]

Asian Stocks Fall on U.S. Home Loan Concern; Nomura Declines (Bloomberg.com)

Oct. 16 (Bloomberg) -- Asian stocks dropped the most in four weeks on renewed concern a U.S. housing slump will cause losses at global financial companies.

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[Source: Yahoo! News Search Results for housing loan]

Asian Stocks Decline on U.S. Home Loan Concern; Banks Slide (Bloomberg.com)

Oct. 16 (Bloomberg) -- Asian stocks dropped the most in four weeks after losses reported by Nomura Holdings Inc. and Citigroup Inc. renewed concern a U.S. housing slowdown will stunt earnings growth at financial companies.

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[Source: Yahoo! News Search Results for housing loan]

Housing program hits snag (Casper Star-Tribune)

CHEYENNE -- The state's new housing infrastructure pilot project hit a snag when legislative leaders recently rejected rules adopted by the Wyoming Business Council.

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[Source: Yahoo! News Search Results for housing loan]

Finance watchdog urged to lower loan deficit demands (InsideHousing)

Lenders are urging the government's banking watchdog to drop a demand that could spell the end low loan rates for housing associations and force small building societies to pull out of the market.

Read More...

[Source: Yahoo! News Search Results for housing loan]

Housing Price Decline Expected To Stretch (WCVB Boston)

U.S. housing prices will continue to decline at least through the end of next year and may not begin creeping upward again until 2010, executives from the nation's biggest mortgage financiers said Monday.

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[Source: Yahoo! News Search Results for housing loan]

Asian Stocks Fall on U.S. Home Loan Concern; PetroChina Gains (Bloomberg.com)

Oct. 16 (Bloomberg) -- Asian stocks dropped after losses reported by Nomura Holdings Inc. and Citigroup Inc. renewed concern a U.S. housing slowdown will stunt earnings growth at financial companies.

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[Source: Yahoo! News Search Results for housing loan]

Gaithersburg loan unit lays off 160 workers (Baltimore Sun)

Aurora Loan Services LLC, the mortgage-lending subsidiary of Lehman Brothers Holdings Inc., has laid off 160 employees in Gaithersburg as the parent company moves to scale back its home-loan business in response to turmoil in the industry and in the secondary market where investors trade mortgage debt.

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[Source: Yahoo! News Search Results for housing loan]

Housing market will drag economic growth in 2008 (New York Daily News)

A deepening housing slump probably will be a "significant drag" on economic growth into next year and it will take time for Wall Street to fully recover from a painful credit crisis.

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[Source: Yahoo! News Search Results for housing loan]

Sunday, October 14, 2007

Housing market still robust in Saline, officials say (Benton Courier)

Recent news stories and industry reports have chronicled problems with the housing market nationwide. Thats not so much the case in Saline County, however, where real estate agents and other industry officials say the sale of new and existing homes remains robust.

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[Source: Yahoo! News Search Results for housing loan]

Housing slump offers an opportunity (Asbury Park Press)

Joseph Balestrino, manager of the Federated Total Return Bond Fund, loaded up on government-backed mortgage debt when credit markets slumped in July and August as other investors sold bonds linked to the housing market.

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[Source: Yahoo! News Search Results for housing loan]

Lender rejects home loan for day-care owner (Miami Herald)

Kim Sisemore, mother of a 3-year-old daughter, is licensed to operate a family day-care center for up to 14 children in her residence. She applied for a home loan from Master Financial to enable her to buy a house suitable for her day-care business.

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[Source: Yahoo! News Search Results for housing loan]

Affordable housing focus (The Express-Times)

BETHLEHEM | The city's distribution of federal grants it receives each year is getting a new look for 2008 with an unprecedented focus on affordable housing.

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[Source: Yahoo! News Search Results for housing loan]

Substandard-housing display hits home (The Evening Sun)

The cracked walls and flashing electrical outlet offered the first signs the home depicted in a rolling exhibit on substandard housing would be a bad place to live.

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[Source: Yahoo! News Search Results for housing loan]

Home-loan ideas meet resistance (The Cincinnati Enquirer)

Gov. Strickland wants banks to help him solve to Ohio's foreclosure crisis. Banks grew skeptical when he made his first policy move on the issue.

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[Source: Yahoo! News Search Results for housing loan]

Saturday, October 13, 2007

Carlsbad not following housing trends (Carlsbad Current-Argus)

CARLSBAD Carlsbad just isn't fitting in when it comes to national housing trends. According to a September article in the Washington Post, the current U.S. housing slump is related to a surge in defaults in the mortgage industry.

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[Source: Yahoo! News Search Results for housing loan]

Housing improvements detailed (Clinton Herald)

CLINTON The Clinton City Council Committee of the Whole listened to proposals that could improve the citys housing stock through property owner incentive programs at a recent meeting.

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[Source: Yahoo! News Search Results for housing loan]

Wells Fargo & Co.'s new CEO says economy still strong despite housing slump (The Sacramento Bee)

Sure, the economy has taken a beating from the housing sector. But it's still standing, and Wells Fargo & Co.'s new chief executive believes it'll stay that way.

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[Source: Yahoo! News Search Results for housing loan]

Home-loan firm closes center in Stockton (4:20 p.m.) (The Record)

STOCKTON Countrywide Financial Corp., sharply paring its work force nationally in the midst of an ongoing housing slump, has closed its Stockton loan-processing center.

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[Source: Yahoo! News Search Results for housing loan]

Council revisits subsidized housing project (Farmington Press)

City council members should be asked to support a resolution showing favor with an income-based housing complex to be expanded off Maple Street at tonights meeting. Its likely the answer of the majority will be no.

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[Source: Yahoo! News Search Results for housing loan]

Beazer violations hurt loan ability (The Myrtle Beach Sun News)

Beazer Homes USA could lose its ability to offer government-backed home loans after announcing that it found evidence its employees violated federal housing regulations. The Atlanta-based home builder, which has projects on the Grand Strand and elsewhere in the Carolinas, said Thursday the violations were "particularly in relation" to down-payment assistance programs for Federal Housing ...

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[Source: Yahoo! News Search Results for housing loan]

Future of Fort Lauderdale-based home builder Levitt in doubt amid housing crunch (Sun-Sentinel)

The future of historic home builder Levitt and Sons is in doubt as the crumbling housing market drains the company of cash.

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[Source: Yahoo! News Search Results for housing loan]

Friday, October 12, 2007

CM Development head says loan document was falsified (The Virginian-Pilot)

CM Development head Cary McEntee testified at a bankruptcy hearing on Thursday that a loan document on a property sale was falsified, making it appear an investor used his own money to make a down payment . . .

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[Source: Yahoo! News Search Results for housing loan]

Housing project given December start date (Herald Standard)

Construction of the $13.8 million Laurel Estates housing project at the site of the former Lemon Wood Acres in North Union Township is expected to begin in December, and the 56 new housing units should be completed by mid 2009.

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[Source: Yahoo! News Search Results for housing loan]

Quicken Loans' Home Loan U Offers Free Refinancing Tips, Advice for Homeowners Facing Resetting ARMs (PRWeb)

As the credit crunch in the mortgage market continues, billions of dollars in adjustable-rate mortgages will continue to adjust to higher interest rates, leaving many struggling to make their payment. As a result, there's a lot of confusion about what to do, or not do, before an ARM resets. To help consumers find answers, Quicken Loans has launched its new Home Loan U Web site offering free ...

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[Source: Yahoo! News Search Results for housing loan]

Beazer Homes faces up to $15M fine for loan violations (USA Today)

Beazer Homes (BZK) said Thursday that some employees at its mortgage division broke federal loan laws from at least 2000 through early this year. The builder said it expects to pay up to $15 million in regulatory fines and losses and to restate its financial results all the way back to 1999.

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[Source: Yahoo! News Search Results for housing loan]

Mortgage applications up in week, housing limps (Reuters via Yahoo! News)

Demand for applications to buy U.S. homes and refinance existing mortgages rose last week, but a housing recovery is being squelched as consumers face more difficulty getting loans approved, analysts say.

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[Source: Yahoo! News Search Results for housing loan]

East Baltimore residents call for more affordable housing (Baltimore Sun)

Group urges City Council panel to ensure action is taken related to Hopkins project A group of East Baltimore residents asked a City Council committee yesterday to ensure that officials are making affordable housing a priority as part of the 88-acre redevelopment project taking place near Johns Hopkins Hospital.

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[Source: Yahoo! News Search Results for housing loan]

Auto care store started with a small-business loan (The Idaho Statesman)

A small-business loan helped David Courier make his goal of business ownership a reality. But it's his yellow Labrador, Rooster, who has proved to be the biggest driver of the auto-repair business he opened in February.

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[Source: Yahoo! News Search Results for housing loan]

A.G. to buy parcel for affordable housing (The San Luis Obispo Tribune)

The city of Arroyo Grande will spend almost $1.5 million to buy a 2.5-acre property to build affordable rental housing. The City Council, acting as the board of directors for the citys Redevelopment Agency, voted unanimously this week to make the purchase. As many as 56 homes or apartments can be built on the 104,186-square-foot property at Courtland Street and East Grand Avenue.

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[Source: Yahoo! News Search Results for housing loan]

FHA Loan Increase Makes Grand Valley Homes More Affordable (KKCO Grand Junction)

As housing prices soar, many in the Grand Valley are having trouble qualifying for homes. One loan program, however, is making housing more affordable.

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[Source: Yahoo! News Search Results for housing loan]

Thursday, October 11, 2007

Few lenders are willing to make mortgage modifications, survey says (San Francisco Chronicle)

Mortgage lenders rarely help homeowners struggling with rapidly increasing adjustable mortgages, according to a survey of 33 California housing counseling agencies released on Wednesday. Only one agency responding to the survey said that loan modification -...

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[Source: Yahoo! News Search Results for housing loan]

Mortgage applications up in week, housing limps (Washington Post)

NEW YORK (Reuters) - Demand for applications to buy U.S. homes and refinance existing mortgages rose last week, but a housing recovery is being squelched as consumers face more difficulty getting loans approved, analysts say.

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[Source: Yahoo! News Search Results for housing loan]

Aust home loans plummet as housing moves out of reach (Stuff)

A lack of affordable housing, coupled with higher interest rates, caused Australian first-home buyer loans and finance for investor-led construction to plummet in August.

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[Source: Yahoo! News Search Results for housing loan]

Sun Communities Beats Housing Slump (AP via Yahoo! Malaysia News)

In this dark housing market, Sun Communities Inc. looks like a bright spot.

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[Source: Yahoo! News Search Results for housing loan]

SBI to offer reverse mortgage loan (Business Standard India)

State Bank of India (SBI) will be rolling out SBI Reverse Mortgage Loan, a product for senior citizens, above the age of 60 years this week.

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[Source: Yahoo! News Search Results for housing loan]

Longhill contempt hearing proceeds (The Republican)

SPRINGFIELD - A Housing Court judge yesterday refused to halt a contempt hearing against the manager of the Longhill Gardens Condominiums after rejecting the terms of a proposed $375,000 loan to shut down the troubled property.

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[Source: Yahoo! News Search Results for housing loan]

Home loans plummet as housing moves out of reach (The Age)

A lack of affordable housing, coupled with higher interest rates, caused first-home buyer loans and finance for investor-led construction to plummet in August.

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[Source: Yahoo! News Search Results for housing loan]

SBI to offer reverse mortgage loan (rediff.com)

Against the security of their self-acquired, self-occupied houses, senior citizens can avail of a loan that will be released in monthly or quarterly installments or as a lump sum payment at the beginning based on their need. The loan will be given jointly if the spouse is alive, provided he/she is above 58 years of age. The loan need not be repaid by the borrowers during their lifetime.

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[Source: Yahoo! News Search Results for housing loan]

Sun Communities beats housing slump (AP via Yahoo! News)

In this dark housing market, Sun Communities Inc. looks like a bright spot. The manufactured-home park owner survived an industry recession and is poised to benefit as a foreclosure wave sweeps the nation, forcing many homeowners to seek cheaper digs.

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[Source: Yahoo! News Search Results for housing loan]

Wednesday, October 10, 2007

Housing starts jump to 29-year high in September, seen heading down in 08 (The Canadian Press via Yahoo! Canada News)

TORONTO - Condo construction pushed Canadian housing starts to a 29-year high in September, suggesting troubles in the U.S. housing market haven't reached home builders north of the border.

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[Source: Yahoo! News Search Results for housing loan]

Housing starts jump to 29-year high in September, seen heading down in 08 (Canadian Business)

Romina Maurino, The Canadian Press October 9, 2007 - 2:11 p.m. TORONTO - Condo construction pushed Canadian housing starts to a 29-year high in September, suggesting troubles in the U.S. housing market haven't reached home builders north of the border.

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[Source: Yahoo! News Search Results for housing loan]

Botswana: Teachers' Housing Project Progresses (AllAfrica.com)

The ongoing housing project involving 50 houses for teachers at Kgwakgwe ward in Kanye is well on course it emerged during the ongoing full meeting of the Southern District Council.

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[Source: Yahoo! News Search Results for housing loan]

Santa Maria couple tells story of trying to reset mortgage rate in turbulent housing market (The San Luis Obispo Tribune)

Shortly after the new year, John and Mona Breidenstein started to get anxious about their $427,000 adjustable-rate mortgage. The interest rate would reset this year, and the Santa Maria couple feared they would not be able to afford the higher payments. When they got the loan in 2005, a broker had assured them they would be able to refinance before their payments jumped. But that was before ...

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[Source: Yahoo! News Search Results for housing loan]

Council OKs $5M for central neighborhood (The Argus Leader)

City councilors approved a measure Tuesday allowing the city to borrow $5 million, but it caused a stir. The money would be used to buy dilapidated properties west of downtown. Those properties, officials hope, can be scrapped and bundled to developers who eventually could build commercial and housing units. The proposal originated with Citibank, which offered Sioux Falls a revolving loan to pay ...

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[Source: Yahoo! News Search Results for housing loan]

Bank to offer housing loan to workers groups (Sun Star)

THE financial arm of the Metro Gaisano group of companies plans to offer its promotional housing program dubbed, Home for Less, once a year.

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[Source: Yahoo! News Search Results for housing loan]

Comerica Charitable Foundation Gives $200,000 Grant to LA Neighborhood Housing Services at Comerica Bank Affordable ... (PR Newswire via Yahoo! Finance)

Recognizing the success of Los Angeles Neighborhood Housing Services in spurring home ownership, Comerica Bank officials today announced a $200,000 grant to the non-profit community development organization.

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[Source: Yahoo! News Search Results for housing loan]

Turkish Bank Launches Self-Service Loan Kiosks Todays Zaman (ePaynews)

Oct 09 2007 : Turkey's Akbank has launched a self-service kiosk known as the "Loan Machine". The kiosk enables Akbank's customers to apply for a credit card or bank loan without having to visit a branch.

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[Source: Yahoo! News Search Results for housing loan]

Tuesday, October 9, 2007

Australia's Home-Loan Approvals Probably Rose on Higher Rents (Bloomberg.com)

Oct. 9 (Bloomberg) -- Australia's home-loan approvals probably rebounded in August as rising rental yields encouraged property investment amid volatility in financial markets.

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[Source: Yahoo! News Search Results for housing loan]

India Axis Bank says cuts home loan rate by 50 bps (Reuters via Yahoo! Malaysia News)

MUMBAI, Oct 8 - Indian private sector lender Axis Bank has cut its variable home loan mortgage rate by 50 basis points to 10.5 percent, effective Oct. 1, Imtiaz Ahmed, assistant vice president of the mortgage division told Reuters.

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[Source: Yahoo! News Search Results for housing loan]

Home builders' foundations shift with shaky market (USA Today)

Since early August, the real estate market has sunk deeper into recession. Forecasts of a recovery have been pushed back to the middle of 2008 at the earliest. For home builders, market conditions are already worse than in the last housing recession, in 1991-92.

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[Source: Yahoo! News Search Results for housing loan]

Loan leads to unexpected open home (The New Zealand Herald)

She was thrust into the media spotlight, but wasn't quite ready for it. Korina Rangihuna opened the door of her new Christchurch home to find Housing Minister Chris Carter, the media and an entourage of people in suits, and she was a little rattled.

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[Source: Yahoo! News Search Results for housing loan]

Nigeria: Akwa Ibom Suspends Housing Subsidy (AllAfrica.com)

The Akwa Ibom government today said it would no longer subsidise the building of houses for its citizens. Mr Eno Idem, the Commissioner for Housing and Urban Development, told newsmen in Uyo that past efforts by government failed due to abuse by the beneficiaries.

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[Source: Yahoo! News Search Results for housing loan]

Local bank joins list of approved housing lenders (Kirksville Daily Express)

KIKRSVILLE - American Trust Bank recently joined Bank Midwest in Kirksville and other lenders statewide in becoming an approved guaranteed housing lender through the USDA Rural Development.

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[Source: Yahoo! News Search Results for housing loan]

Monday, October 8, 2007

Watch these pitfalls when shopping for a mortgage (Miami Herald)

With housing prices leveling off in many parts of the country, it's a good time for qualified buyers to shop around for a new home. But Bankrate.com Editor Elizabeth Razzi warns there are five pitfalls to avoid when trying to secure a mortgage:

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[Source: Yahoo! News Search Results for housing loan]

More than 3000 take up Welcome Home loans (NZPA via Yahoo!Xtra News)

More than 3000 people have now accessed the Government's Welcome Home Loan scheme, Housing Minister Chris Carter says.

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[Source: Yahoo! News Search Results for housing loan]

Loan justice (The Telegraph)

EDITORS NOTE: This is the second of a two-part series about how the nationwide crisis with subprime mortgages and foreclosures is playing out in The Telegraph area.

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[Source: Yahoo! News Search Results for housing loan]

Sunday, October 7, 2007

S&L ghosts hover over housing (Dallas Morning News)

Lately I've been getting that dj vu feeling. If you lived in Texas through the savings-and-loan debacle of the late 1980s, you probably have been, too.

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[Source: Yahoo! News Search Results for housing loan]

Don't be out talked by your loan officer (Miami Herald)

T here is good news amid the housing sales slump. ''Mortgage interest rates have been declining and loan availability is improving,'' said National Association of Realtors President Pat V. Combs. ``The abundant choice of homes is permitting buyers to better negotiate price and terms.''

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[Source: Yahoo! News Search Results for housing loan]

Las Vegas Housing Market to Rebound March 2008 Predicts Las Vegas' Number One Appraisal Firm (PRWeb)

Largest Las Vegas Real Estate Appraisal firm principal announces Las Vegas Housing Market predictions for "rebound" to begin on 31 March 2008. Las Vegas housing market rebound prediction made by Las Vegas largest and most respected Real Estate Appraisal firm, considered the number one real estate appraisal firm as ranked by "In Business Las Vegas" and other industry journals. Vegas housing ...

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[Source: Yahoo! News Search Results for housing loan]

You can pay your mortgage, but won't: 'Walkaway,' beware (Los Angeles Times)

WASHINGTON -- Lenders, loan servicers and mortgage investors are going to unprecedented lengths to help deserving borrowers avoid falling behind on their payments and possibly losing their homes. But when it comes to those who can pay but won't, or investors who gambled on ever-rising housing values but came up snake eyes, the gloves are coming off. They will be going after you, and hard.

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[Source: Yahoo! News Search Results for housing loan]

Local Banks Back Efforts for More Affordable Housing (KCRG-TV9 Cedar Rapids)

Cedar Rapids - Several local banks are supporting one non-profits efforts for affordable housing in Linn County. The Housing Fund for Linn County submitted a funding application to the Iowa Finance Authority for $200,000 to establish a housing revolving loan fund.

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[Source: Yahoo! News Search Results for housing loan]

Saturday, October 6, 2007

FDIC chief sees need for mortgage changes (The Salt Lake Tribune)

WASHINGTON - One of the country's top bank regulators wants loan servicers to consider broadly converting certain adjustable-rate subprime loans into fixed-rate products to prevent major housing problems from escalating.

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[Source: Yahoo! News Search Results for housing loan]

FDIC Head Suggests Mortgage Changes (AP via Yahoo! Finance)

One of the country's top bank regulators wants loan servicer to consider broadly converting certain adjustable-rate subprime loans into fixed-rate products to prevent major housing problems from escalating.

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[Source: Yahoo! News Search Results for housing loan]

Security Bank blames loan loss provision on housing market (Macon Telegraph)

Macon-based Security Bank Corp. reported Friday a $16 million to $20 million loan loss provision for the rest of this year, "due to rapid and significant declines in residential real estate market values," mostly in the Atlanta area, according to a news release.

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[Source: Yahoo! News Search Results for housing loan]

Senior housing coming to Kannapolis (The Charlotte Observer)

Kannapolis' first housing complex for senior adults that is classified as "affordable" could open in a little more than a year. DBT Developers LLC has obtained the necessary tax credits from the state to proceed with the $7.3 million project, said Traci Dusenberry, the firm's development coordinator, last week. The three-story, 64-unit development off Little Texas Road is called The Villas at ...

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[Source: Yahoo! News Search Results for housing loan]

Regulator urges mortgage relief (Atlanta Journal-Constitution)

Washington One of the country's top banking regulators wants loan servicers to consider broadly converting certain adjustable-rate subprime loans into fixed-rate products to prevent major housing problems from escalating.

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[Source: Yahoo! News Search Results for housing loan]

No. 1 S & L's earnings plunge 75 percent (Sun-Sentinel)

Washington Mutual Inc. , the biggest U.S. savings and loan, said third-quarter profit fell about 75 percent after the worst housing slump in 16 years caused more borrowers to default.

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[Source: Yahoo! News Search Results for housing loan]

Melbourne to close housing loophole (Florida Today)

Melbourne officials have drafted regulations for a low-income housing program to counter profits generated by the real estate boom.

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[Source: Yahoo! News Search Results for housing loan]

WaMu feels bite of credit crunch (Orlando Sentinel)

Washington Mutual Inc. warned Friday that its third-quarter profit could fall 75 percent from the same quarter last year. The nation's largest savings and loan cited a weak housing market and the recent credit crunch in the mortgage market.

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[Source: Yahoo! News Search Results for housing loan]

Friday, October 5, 2007

New loan program helps forestall foreclosures (The Cincinnati Post)

A new loan program in Ohio targets middle-class homeowners struggling to stay in their homes in a market that has drastically shifted.

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[Source: Yahoo! News Search Results for housing loan]

Industrial loan companies (Federal Reserve Board)

Chairman Dodd, Ranking Member Shelby, and members of the Committee, I am pleased to appear today to provide the views of the Board of Governors of the Federal Reserve System on industrial loan companies (ILCs).

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[Source: Yahoo! News Search Results for housing loan]

Making low-cost housing a reality (Baltimore Sun)

Columbia Housing and Habitat for Humanity to build in Jessup, Elkridge The struggle to provide affordable housing for limited-income working families focused yesterday on a foggy hillside in tiny Lennox Park off Dorsey Road, as low-flying airplanes approached nearby Baltimore-Washington International Thurgood Marshall Airport and occasional passenger trains whizzed by on tracks just steps ...

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[Source: Yahoo! News Search Results for housing loan]

Gibbons: Housing not in crisis (Reno Gazette-Journal)

LAS VEGAS -- Nevada's housing market is not in a "crisis" and does not warrant increased regulation of the mortgage lending or real estate industry, Gov. Jim Gibbons said Thursday.

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[Source: Yahoo! News Search Results for housing loan]

Thursday, October 4, 2007

Canara Bank cuts home loan rates by 0.50% (Business Standard India)

Just a week after HDFC Bank reduced housing loan rates, Canara Bank has also reduced the rate of interest on housing loans by 50 basis points with effect from October 4, 2007 for all tenors and slabs on fresh loans.

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[Source: Yahoo! News Search Results for housing loan]

Canara Bank cuts housing loan rates (NDTV Profit)

State-owned Canara Bank announced a 0.50 per cent cut in floating interest rates on home loans, indicating easing cost of funds that prompted segment leader HDFC too to rollback rates last week.

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[Source: Yahoo! News Search Results for housing loan]

Canara Bank cuts housing loan rates (Business Standard India)

A week after HDFC reduced housing loan rates, Canara Bank has also cut the rate of interest on housing loans by 50 basis points with effect from October 4, 2007 for all tenors and slabs on fresh loans.

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[Source: Yahoo! News Search Results for housing loan]