Mortgage and Financial News From 2008-2-9 Page 42

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• How to buy a bargain home in a slowdown

  This is Money - Industry sources say that many people who sell their home in this fashion are a step away from repossession and will have not even contacted their mortgage lender or tried to sell their home on the open market. Firms targeting these sellers either ...
  2008-02-08 08:55:00

• GMAC Financial swings to loss on ResCap

  Associated Press - NEW YORK (AP) -- GMAC LLC said Tuesday it lost $724 million in the final quarter of 2007 as the housing slump and disruptions in the credit and capital markets battered the lender's home mortgage division. The Detroit-based lender got in the mortgage ...
  2008-02-09 01:41:00

• Real Estate Investors Are Cashing in on Investing Opportunities ... - Emailwire

  Real Estate Investors Are Cashing in on Investing Opportunities ...Emailwire - 4 hours agoJeff Kaller’s proven foreclosure consultant training program shows how to represent home owners in pre-foreclosure, and how to work with mortgage lenders ...
  2008-02-09 12:10:58

• Home thoughts - Vancouver Sun

  Home thoughtsVancouver Sun,  Canada - 4 hours agoTheir lenders have told them they can no longer take money out on their lines of credit because sinking home prices have left them with little or no equity. ...
  2008-02-09 12:36:15

• Home repossessions jump by 21 per cent - Mirror.co.uk

  Home repossessions jump by 21 per centMirror.co.uk, UK - 4 hours agoIt was the highest total since 1999 according to the Council of Mortgage Lenders. They say the total is still far smaller than the early 1990s. ...
  2008-02-09 12:37:35

• No sugarcoating economy - Sarasota Herald-Tribune

  No sugarcoating economySarasota Herald-Tribune, FL - 3 hours agoAlthough home builders have begun selling land and bulk multifamily units, lenders are still unrealistic about value drops and "haircuts necessary to move ...
  2008-02-09 01:47:20

• Interior/Alaska in brief - Fairbanks Daily News-Miner

  Interior/Alaska in briefFairbanks Daily News-Miner, AK - 3 hours agoLocal lenders, title agencies, Realtors and housing organizations will be on hand to educate home-buyers about applying for mortgage loans, getting down ...
  2008-02-09 01:54:11

• Iowa Business Briefs: Bierl Carpet given honor by company - DesMoinesRegister.com

  Iowa Business Briefs: Bierl Carpet given honor by companyDesMoinesRegister.com, IA - 2 hours agoWest Des Moines-based Wells Fargo Home Mortgage is part of Wells Fargo & Co., the nation's second-largest mortgage lender and the largest private employer ...
  2008-02-09 02:05:42

• Your views - The Huntsville Times - al.com

  Your viewsThe Huntsville Times - al.com, AL - 2 hours agoIf young people are not taught at home, there is little warning as adults regarding the pitfalls of credit. Then the lenders come along offering an ...
  2008-02-09 02:24:55

• Nucor buys scrap metal processor - Fort Wayne Journal Gazette

  Nucor buys scrap metal processorFort Wayne Journal Gazette, IN - 1 hour agoThe failed Melville, NY, mortgage lender, which is liquidating its assets in bankruptcy, made the offer Tuesday to counter stiff opposition from former ...
  2008-02-09 03:01:53

• Lots of ideas, but much less money - Fort Worth Star Telegram

  Lots of ideas, but much less moneyFort Worth Star Telegram, TX - 1 hour agoShe had just attended an expo workshop at the Fort Worth Convention Center on financing given by two national banks and a nontraditional lender. ...
  2008-02-09 03:11:26

• Avoid credit trap - Edmonton Sun

  Avoid credit trapEdmonton Sun,  Canada - 1 hour agoOthers bought into the subprime mortgage swindle that saw lenders giving loads of loot to folks who had bad credit or no business getting that kind of ...
  2008-02-09 03:49:05

• Federal Home Loan grant money to be released - The Newark Advocate

  Federal Home Loan grant money to be releasedThe Newark Advocate, OH - 59 minutes agoSome lenders tend to prey on the inexperience of a first-time home buyer. Brett Richards is with The Huntington Mortgage Group and is a member of the ...
  2008-02-09 04:01:09

• Home show on the move to Century Center - South Bend Tribune

  Home show on the move to Century CenterSouth Bend Tribune, IN - 54 minutes agoRugg says home and garden enthusiasts will be able to find everything from mortgage lenders to water gardens -- "just about anything to do with the home. ...
  2008-02-09 04:06:06

• Home repossessions increase - Morpeth Herald

  Home repossessions increaseMorpeth Herald, UK - 40 minutes agoWith 80000 people approaching Shelter for help with mortgage problems last year, the charity is calling on the Government and mortgage lenders to urgently ...
  2008-02-09 04:19:35

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