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Aug. 27 (Bloomberg) -- U.S. savings and loans posted a $5.4 billion loss in the second quarter as lenders set aside record reserves for loan losses amid the slump in the housing market, the industry's regulator said. Provisions for bad loans reached ...
Read moreThrifts Posted $5.4 Billion Loss in Second Quarter (Update2) - Bloomberg
Michelle Singletary: Welcome all. I'm sure today's discussion will be interesting. So let's get started. Pittsburgh, Penn.: I'm getting ready to purchase a new home in the $400,000 range - may put up to 50% down to "buy down" the monthly payment ...
Read moreA transcript follows. - Washington Post
Personal finance columnist Michelle Singletary hosted an online discussion with Carolyn Warren , author of "Mortgage Rip-Offs and Money Savers" (John Wiley & Sons), on Thursday, Aug. 28 at Noon ET. Carolyn Warren: I list 7 disadvantages of an ...
Read moreTranscript: Color of Money Book Club - Washington Post
LOS ANGELES - Mortgage lenders have raised the bar on what it takes to qualify for a home loan the past couple of years, but shopping for a loan online has actually gotten a bit easier, if not necessarily less confusing. Where mortgage-scouting Web ...
Read moreSites conjure up mortgage quotes, play up privacy - AZCentral.com
OAKLAND, Calif., Aug. 27 /PRNewswire-USNewswire/ -- AB 1830, the California legislature's strongest piece of legislation designed to rein in the abuses in the mortgage market, passed the Senate today with a 21-16 vote. It must go back to the Assembly ...
Read moreLegislature Passes Mortgage Reform Bill - Forbes
Aug. 27 (Bloomberg) -- The U.S. is facing the worst financial crisis since the Depression. You would never know that from the Democrats' platform in Denver or its Republican counterpart, or from listening to Barack Obama or John McCain . While both ...
Read moreFinancial Crisis Is Absent From Agendas of Parties, Candidates - Bloomberg
Forget earthquakes. When it comes to central California, the biggest worry these days is debt. Home to some of the fastest-growing urban populations of recent years, this region is now faltering because of plummeting house prices and over-leveraged ...
Read moreThe Debt Capitals Of America - Forbes
In the middle of remodeling the kitchen of their Gloucester County house, Paul and Julianne Gablin received a letter from Wachovia Bank canceling the line of credit they were using to pay for the project. Luckily for them, the Gablins own a house in ...
Read moreWachovia cutting home-equity credit lines - Philadelphia Inquirer
DUMMERSTON, Vt. -- I have written often over the past few years about the house of cards that is the American economy, but the events of the past week should frighten everybody. First, there was the collapse of IndyMac, a California bank deeply ...
Read moreOn Native Ground - American Reporter
U.S. thrifts lost $5.4 billion in the second quarter and set aside a record $14 billion to cover losses from bad mortgages and other loans. Data released yesterday by the U.S. Office of Thrift Supervision show federally insured savings and loan ...
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