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- What we really have to worry about here is where we see any local effects from the credit crunch. That involves people not being able to get normal funding - loans that would be considered a smart loan at any other time," said Darrell Parker, dean of ...
- The dismal state of the housing market was highlighted today as mortgage lending to first-time buyers plunged by 55 per cent to a record low and estate agents reported that they were struggling to sell even one home a week. Banks and building ...
- Sens. John McCain and Barack Obama are nearly indistinguishable in their miscalculation of the American voters’ appetite for bigger and more expensive government and their misunderstanding of human nature. Both weaknesses were obvious last week as ...
- John Quargnenti should be part of the solution to the housing and financial mess we're in. Instead, he and his two employees appear to be among the victims. Quargnenti is a rehabber and landlord with a simple business plan: He buys a distressed ...
- Acting just ahead of a November deadline to retire about $225 million in short-term notes used to finance the State Highway 121 toll road, the North Texas Tollway Authority took the unusual step Monday of taking out a private loan from Bank of ...
- Acting just ahead of a November deadline to retire about $225 million in short-term notes used to finance the State Highway 121 toll road, the North Texas Tollway Authority took the unusual step Monday of taking out a private loan from Bank of ...
- The number of homes being built in Massillon is at the lowest level in more than 20 years, according to records maintained by the Massillon Building Department. In Massillon, only 20 single-family homes and four condominiums have been built so far in ...
- As home values fall and unemployment rises, people tend to pack their purchases onto their plastic, hoping the next month brings an improvement in their fortunes. But signs are emerging that even that escape hatch is growing more inaccessible. Some ...
- As home values fall and unemployment rises, people tend to pack their purchases onto their plastic, hoping the next month brings an improvement in their fortunes. But signs are emerging that even that escape hatch is growing more inaccessible. Some ...
- - Nine new delinquent loans led to the third straight monthly increase in the U.S. commercial real estate loan (CREL) CDO delinquency rate to 2.39% for September 2008, according to the latest CREL CDO Delinquency Index (CREL DI) from Fitch Ratings ...
- It’s hard to overstate the magnitude of the financial meltdown now confronting the world. One expert told national audiences that its human toll “vastly exceeds” anything ever caused by terrorism. So far, he hasn’t found anyone of any ...
- The object is to avoid this situation. While the government’s $700-billion bailout of financial firms does not include retroactive mortgage loan relief to help stave off foreclosures, there are actions homeowners can take to handle mortgage arrears ...
- For a guy sitting on £341.5 million of someone else’s money, Lord PleasedMan, formerly known as Lord Triesman, the chairman of the FA, is rather smug on the subject of football debt. While conveniently advancing an agenda of allegiance to those ...
- Public sector debt is likely to rise above 50 per cent of annual national income because of Monday’s expected financial aid to the banks, bringing it to a level not seen since the Callaghan Labour government borrowed from the International Monetary ...
- One way to view the current economic crisis is as a pervasive failure to manage risk. In fact, bad risk management actually explains a lot of what's gone wrong in recent years. And that realization is one we'd be well advised to bring with us into ...
- An inflatable gorilla beckoned from the roof of Don Brown Chevrolet in St. Louis, servers doled out free bowls of pasta and a salesman urged potential customers to "come on up under the canopy and put your hands on" a new set of wheels. But sitting ...
- John Sullivan was a realtor before we was elected to Congress. He has not always been in public service. He makes $168,000 a year and has voted for a raise in pay for Congress for the last 4 years. He's not a bad man but maybe it is time for someone ...
- Emily Carlson and Edith Dixon were on the front lines last week of Philadelphia's effort to prevent financially struggling homeowners from losing their homes. Armed with a list of homes headed for sheriff's sale, the two community organizers from ...
- Watching the three televised debates for president and vice president followed by the reactions of network analysts and spin doctors, I couldn't help thinking of this line from the late, great Allen Sherman, song parodist extraordinaire. It's from ...
- CHICAGO (MarketWatch) -- It's much harder to get a mortgage today than it was a couple of years ago. That's why some home sellers are stepping in and financing deals on their own. The concept of owner financing isn't new, though it wasn't as popular ...
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