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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
Aug. 26 (Bloomberg) -- The U.S. Federal Deposit Insurance Corp. said its ``problem list'' of banks increased 30 percent in the second quarter to the highest total in five years as more commercial real-estate loans were overdue. The list had 117 banks ...
Read moreU.S. Says Banks on `Problem List' Rose 30% in Quarter (Update2) - 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
WASHINGTON -- Long before the mortgage crisis began rocking Main Street and Wall Street, a top FBI official made a chilling, if little-noticed, prediction: The booming mortgage business, fueled by low interest rates and soaring home values, was ...
Read moreFBI saw threat of mortgage crisis - Los Angeles Times
It started with a heart attack. "I died. I coded, and I was dead," said Karen Southern, 46, of Mount Sterling. She was revived but remained in critical condition for several days. It took three months before she was able to return to work. Southern ...
Read moreKeeping home out of foreclosure isn't lost cause - Columbus Dispatch
Stocks rise following durable goods report 08.27.08 Merriman to play despite 2 torn knee ligaments 08.27.08 Oil ends higher as Gustav spins toward Gulf 08.27.08 Durable goods post strong gains in June, July 08.27.08 However, the number of unsold ...
Read moreMore Business - San Francisco Gate
Ruth Cordoba has never owned a home, but she is feeling the effects of the mortgage meltdown acutely. Cordoba, 28, rented a three-bedroom home in Riverside for six months with the help of so-called Section 8 funds, money provided by the federal ...
Read moreForeclosures ensnare low-income renters - Los Angeles Times
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 ...
Read moreIN BRIEF - Newsday
Agents deceived home-loan borrowers on interest rates and prepayment penalties and sometimes fabricated income levels in order to receive approval on risky loans, a lawsuit filed by the state of Indiana alleges. The suit was filed against mortgage ...
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