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FHA-Backed Loans: The New Subprime - BusinessWeek(page 2 of 5) Similarly worrisome stories are playing out around the country. In Tucson, First Magnus Financial specialized in risky "Alt-A" mortgages, which didn't require borrowers to verify their income. State and federal regulators cited the ...
The Next Subprime Crisis Looms - FHA-Backed Loans - Free Internet PressThe same people whose reckless practices triggered the global financial crisis are onto a similar scheme that could cost taxpayers tons more. As if they haven't done enough damage. Thousands of subprime mortgage lenders and brokers - many of them the ...
Once again, the subprime wolves are on the prowl - WTOL-TVAs if they haven't done enough damage. Thousands of subprime mortgage lenders and brokers -- many of them the very sorts of firms that helped create the current financial crisis -- are going strong. Their new strategy: taking advantage of a long ...
The Next Subprime Crisis Looms - Der SpiegelThe same people whose reckless practices triggered the global financial crisis are onto a similar scheme that could cost taxpayers tons more. As if they haven't done enough damage. Thousands of subprime mortgage lenders and brokers -- many of them ...
Mid-Columbia construction slowing, remodels picking up - Tri-City HeraldWhen new housing starts to slow down, home remodels tend to pick up. It's a trend that David Barber, owner of Barber Construction in Walla Walla, is observing in this time of economic uncertainty, tighter lending standards and a softening housing ...
School for the blind starts visionary newsroom - Newark Star-LedgerEd Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...
GMAC Considers Becoming a Bank Holding Company - FOX NewsWASHINGTON — GMAC Financial Services says it's holding discussions with federal regulators about becoming a bank holding company. The move could help it access government funding. GMAC said in a statement Thursday it plans to refinance its debt and ...
Liverpool and Everton urged to consider ground share as credit crunch ... - Daily TelegraphIn the balance: A public inquiry over Everton's move from Goodison Park to Kirkby is not guaranteed to go in the club's favour Photo: PA Two becomes one: Liverpool's new stadium has been delayed for at least a year due to the credit crunch with Rick ...
Banks could force sale of 'vulnerable' Liverpool - The IndependentGillett has suggested that he is planning new sporting investment in India Liverpool, whose American owners Tom Hicks and George Gillett stand two months away from the expiry date of loans which could force them to sell up, are the most financially ...
Banks could force sale of 'financially vulnerable' Liverpool - Belfast TelegraphLiverpool, whose American owners Tom Hicks and George Gillett stand two months away from the expiry date of loans which could force them to sell up, are the most financially vulnerable club in the land, the Premier League's most experienced football ...
Today's Mortgage Terms starting with H
Home Equity Line of Credit: A type of revolving credit in which your home is used as collateral.
Home Equity Loan: A revolving line of credit or loan based on the equity in the mortgagor's property. The property is the collateral for the loan, which is usable for any purpose.
Housing and Urban Development (HUD): A U.S. government agency created to introduce federal housing and community development programs; manages the Federal Housing Administration.
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