Bankruptcy Home Loan Information
Wachovia moves away from Pick-a-Payment home loan (The Charlotte Observer) Wachovia on Monday said it's largely abandoning a type of controversial loan that has caused mounting losses and helped spur the ouster last month of chief executive Ken Thompson. The Charlotte bank will no longer offer home loans with a minimum payment option that allows borrowers to pay less than the interest owed, causing the balance to grow rather than shrink. Consumer advocates have called ...
CIT dumps home-loan business (The Star-Ledger) Now that CIT Group has sold its subprime home-loan business, the commercial lender might next try to sell its railroad leasing business, which provides financing for rail cars, analysts said yesterday.
Home-equity-loan Delinquencies Hit Record High In ABA Data (Fox News) Home-equity-loan Delinquencies Hit Record High In ABA Data
SBI may increase home loan rates by up to 0.5 pc by July 15 (The Economic Times) Country's largest lender State Bank of India said it may increase home loan rates by up to 50 basis points in a fortnight.
AllBank, Tata AIG tie up for home loan cover (The Telegraph) Calcutta, July 2: Existing and new home loan borrowers of city-based Allahabad Bank will now get to choose from two life insurance companies while buying a mortgage term assurance cover.
Kiwibank reduces home loan rates (TVNZ) Kiwibank has reduced home loan interest rates, bringing most fixed rates below 9% per annum. The bank's three year rate has been reduced to 8.79% per annum which it says is significantly below competing banks.
Hoping to secure a loan and a home (The Reporter) First-time homebuyers camped out Monday night in front of the city's Department of Housing and Redevelopment building to secure their chance of being approved for a $50,000 home loan. "It was a mixed atmosphere," said Jeanne Weinacht, a real estate agent with Kappel & Kappel Real Estate Inc.
Federal Home Loan Bank of Seattle Announces 2008 Community Spirit Award Recipient (Business Wire via Yahoo! Finance) SEATTLE----The Federal Home Loan Bank of Seattle has named Evergreen Federal Bank of Grants Pass, Oregon, as the recipient of the bank's 2008 Community Spirit Award.
Federal Home Loan Bank of Indianapolis Offers Second Round of Funding to Help Lenders Relieve Threat of Foreclosure (PrimeNewswire via Yahoo! Finance) INDIANAPOLIS, July 2, 2008 -- Milton J. Miller, President & CEO of the Federal Home Loan Bank of Indianapolis , has announced a second round of the bank's $100 million lending initiative, HomeRetain, to help FHLBI financial institution members assist families facing foreclosure.
Kiwibank lowers home loan rates (Stuff) Kiwibank has reduced home loan interest rates, bringing most fixed rates below 9 per cent a year.
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