Bad Credit Home Loans News
- Thomas Sowell: Too much of a Good Thing Tuesday, July 19, 2011 @ 11:00PMLife has many good things. The problem is that most of these good things can be gotten only by sacrificing other good things. We all recognize this in our daily lives. It is only in politics that this simple, common sense fact is routinely ignored.
- Thomas Sowell: Good Things, in excess, are ruinous Tuesday, July 19, 2011 @ 6:56PMLife has many good things. The problem is that most of these good things can be gotten only by sacrificing other good things. We all recognize this in our daily lives. It is only in politics that this simple, commonsense fact is routinely ignored.
- Moynihan’s No-New-Capital Stance Draws Scrutiny After BofA Loss Tuesday, July 19, 2011 @ 6:41PMBrian T. Moynihan, who vowed that Bank of America Corp.’s strength would never be questioned again when he took the top job, found himself bombarded with queries yesterday about whether the bank needs to raise more capital.
- Wells Fargo turns to cost cuts as recovery stalls Tuesday, July 19, 2011 @ 5:57PMThe nation's largest mortgage lender is turning to cost-cutting as the economy sputters and the grinding housing slump means waning profits from new mortgages.
- Study Shows Debt May Be Empowering Tuesday, July 19, 2011 @ 4:47PMDebt has always been viewed as a bad thing, but a recent study shows young adults might be looking at it a little differently.
- Bloomberg: Jackson 11th Strongest Economy Tuesday, July 19, 2011 @ 1:56PMBloomberg Businessweek says the city of Jackson's robust hospital-based economy, its universities and its role as a seat of government helped rank it near the Top 10 list of the nation's strongest metro economies.
- Has Brazil's economy peaked? Tuesday, July 19, 2011 @ 12:39PMThere are many signs Brazil is at the top of its game economically with only one way to go - down
- Home building jumps in June after dismal spring Tuesday, July 19, 2011 @ 8:24AMBuilders broke ground on more single-family homes and apartments in June, as the home-building industry tried to shake off a historically bad spring. The Commerce Department says builders began work on a seasonally adjusted 629,000 homes last month, a 14.6 percent increase from May. Still, that’s roughly half the 1.2 million homes per year that economists [...]
- Home building spikes in June after dismal spring Tuesday, July 19, 2011 @ 8:19AMApartment and condo construction drives 14.6 pct. surge in new homes in June
- Wells Fargo second-quarter profit leaps 30 percent; defaults drop Tuesday, July 19, 2011 @ 8:17AMNEW YORK - Wells Fargo & Co. today said that its second-quarter profit rose 30 percent, as the number of uncollected loans and credit card bills dropped sharply, enabling the bank to release a big chunk of the money set aside to cover bad lending.
- Apartment and condo construction drives 14.6 pct. surge in new homes in June Tuesday, July 19, 2011 @ 8:09AMWASHINGTON - Builders broke ground on more single-family homes and apartments in June, as the home-building industry tried to shake off a historically bad spring. The Commerce Department says builders began work on a seasonally adjusted 629,000 homes last month, a 14.6 per cent increase from May. St
- BofA Posts Record Quarterly Loss on Costs of Bad Home Loans Tuesday, July 19, 2011 @ 7:12AMBank of America Corp. posted the biggest quarterly loss in the lender’s history after Chief Executive Officer Brian T. Moynihan booked more costs tied to defective mortgages and revenue continued to slide.
- When pols get hold of a 'Good Thing' Monday, July 18, 2011 @ 10:12PMMost good things in life can be gotten only by sacrificing other good things. We all recognize this in our daily lives. Yet in politics this simple, common-sense fact is routinely ignored. In politics, some special Good Things -- with a capital G and capital T -- are considered always...
- Can You Bank On Financial Stocks? Monday, July 18, 2011 @ 10:01PMA few well-known value managers are ignoring the risk and buying bank stocks on the cheap. Should investors follow? Five to consider.
- Home building continues to be sluggish in Tampa Bay area Monday, July 18, 2011 @ 1:26PMBy Mark Puente, Times Staff Writer Monday, July 18, 2011 Tampa Bay home builders have hammered fewer nails so far this year amid a sluggish economy and weak housing market. Local builders started 1,038 homes in the second quarter, and a total of 1,871 in the first six months, an 11 percent drop from the first half of 2010, according to Tampa's Metrostudy, a national company that tracks the ...
- Remarks by the President in Nominating Richard Cordray as Director of the Consumer Financial Protection Bureau Monday, July 18, 2011 @ 1:09PMRelease Time: For Immediate Release Rose Garden 1:15 P.M. EDT THE PRESIDENT: Good afternoon, everybody. It has been almost three years since the financial crisis pulled the economy into a deep recession. And millions of families are still hurting because of it. They’re trying to get by on one income instead of two, on fewer shifts at the plant or at the hospital. They’re cutting expenses ...
- No deal: O.C. rent heads higher Monday, July 18, 2011 @ 10:34AMThese are not happy days for local apartment renters.The race for months of free rent is now a search for vacant space. Orange County landlords regained pricing power after a rare period where dealmaking and discounted rents reigned supreme.If the twist of rental fate seems like a blur,...
- WAKE UP AMERICA: The Budget Debate Is A Joke And The Republicans Are Trying To Put Us Further In Debt Friday, July 15, 2011 @ 2:44PMWe were bearish last week ( see Stock World Weekly for a summary of the week’s events and trade ideas for the week ahead ) and, although the market didn’t seem to agree with us, we simply scaled in and rolled our short positions higher.
- Citigroup makes progress on bad loans Friday, July 15, 2011 @ 12:06PMBank issues mixed second-quarter report Friday. Credit quality improves but expenses to rise.
- Gary Shilling's Seven Faces Of Deflation Friday, July 15, 2011 @ 5:00AMThe two-year upswing in commodity prices led many to fear a return to significant inflation that would engulf the overall economy. Most commodity prices, however, peaked earlier this year--copper and sugar prices topped out in February, cotton followed suit in March. Silver prices started their collapse in early May, as did crude oil.
- JPMorgan Profit Tops On Trading, Bank Fees Thursday, July 14, 2011 @ 5:39PMStrong investment banking fees and trading revenue helped JPMorgan Chase beat views and overcome lingering pain from the housing bubble. Consumers also did their part paying down credit balances, even while swiping their plastic more often in the second quarter.
- Strong JPMorgan profits give banks a boost Thursday, July 14, 2011 @ 3:39PMJPMorgan Chase reported on Thursday that second quarter profit rose 13 percent to $5.4 billion, in spite of lingering mortgage troubles and weak trading results.
- JPMorgan quarterly profit rises, loan book grows Thursday, July 14, 2011 @ 12:07PMNEW YORK (Reuters) - JPMorgan Chase & Co posted a higher-than-expected jump in second-quarter profit as it wrote off fewer bad mortgages and credit card loans. The second-largest U.S. bank managed to make ...
- UPDATE 5-JPMorgan quarterly profit rises, loan book grows Thursday, July 14, 2011 @ 12:06PM* Q2 EPS $1.27 vs Wall Street view $1.21 * Profit lifted by lower costs for bad loans * CEO Dimon: Time still needed to cure mortgage problems * Shares up 2.75 percent in afternoon trading (Adds investor ...
- Wall St rises as JPMorgan lifts gloom Thursday, July 14, 2011 @ 10:13AMWall Street stocks rose on Thursday as higher profit from JPMorgan offset concern after Moody's threatened to downgrade the United States' top credit rating if the federal borrowing limit is not raised.
- Beware Greeks bearing debts Thursday, July 14, 2011 @ 9:26AMYou didn't really think the global financial crisis was over, did you? While no one officially declared victory, it has become commonplace, in Australia at least, to talk of the GFC as an episode passed.
- UPDATE 4-JPMorgan quarterly profit rises, loan book grows Thursday, July 14, 2011 @ 8:09AM* Q2 EPS $1.27 vs Wall Street view $1.21 * Profit lifted by lower costs for bad loans * CEO Dimon: Time still needed to cure mortgage problems * Shares up 2.5 percent in premarket trading (Adds comment ...
- UPDATE 3-JPMorgan quarterly profit rises, loan book grows Thursday, July 14, 2011 @ 7:35AM* Q2 EPS $1.27 vs Wall Street view $1.21 * Profit lifted by lower costs for bad loans * CEO Dimon: Time still needed to cure mortgage problems * Shares up 2.5 percent in premarket trading (Adds loans, ...
- Flash Mobs Battle Foreclosures in Spain Thursday, July 14, 2011 @ 6:01AMSpain has become a battleground between banks hurt by residential mortgage arrears and debt-laden homeowners appealing to the government to reduce the burden on those facing foreclosure
- China Cities Sell Land at Winnetka Values With Bonds Seen Toxic Wednesday, July 13, 2011 @ 11:51AMWorkers toil by night lights with hoes, carving out the signs for Olympic rings in front of an unfinished 30,000-seat stadium, bulb-shaped gymnasium and swimming complex in a little-known Chinese city.
- Fed Ready With Stimulus If Needed: Bernanke Wednesday, July 13, 2011 @ 10:50AMFederal Reserve Chairman Ben S. Bernanke told Congress the central bank is prepared to take additional action, including buying more government bonds, if the economy appears to be in danger of stalling.
- Bernanke Says Fed ‘Prepared to Respond’ If Stimulus Needed Wednesday, July 13, 2011 @ 10:49AMBen Bernanke told Congress the central bank is prepared to take additional action, including buying more government bonds, if the economy appears to be in danger of stalling.
- The American Cities With the Most Millionaires Wednesday, July 13, 2011 @ 10:38AMA look at which cities boast the largest number of residents who have investable assets of $1 million or more.
- Jean Chatzky: 6 tips that could help seniors avoid financial struggles Wednesday, July 13, 2011 @ 9:50AMA few weeks ago, I did a segment on the "Today" show about financially fragile Americans — those people who told researchers, during a recent study, that they would be unable to come up with $2,000 in an emergency without
- The Hidden Reason Gold Stocks are Weaker than Gold Wednesday, July 13, 2011 @ 9:16AMIn 2008, a horrible financial and economic contraction occurred that destroyed asset values, bankrupted financial institutions, had devastating effects on real estate and sent the world banking system into a tailspin.
- John R. Talbott: Who Caused the Crisis and Why Is the Recovery Taking Forever? Tuesday, July 12, 2011 @ 10:00PMMany people think that the government caused the economic crisis and that the government is at fault for not creating more jobs and jumpstarting a faster recovery. Think again.
- Differing Approaches to Debt Crisis Tuesday, July 12, 2011 @ 7:40PM“Panic in markets caused by debt crisis,” says the headline in the French newspaper, Le Figaro. Which debt crisis? In Europe, no sooner was one can kicked down the road than another one showed up. Greece disappeared from the headlines. Italy took its place.
- Obama, try this for a jobs plan Tuesday, July 12, 2011 @ 3:46PMUnemployment is rising, and the president's response has been far from adequate
- Robert Reich: The President's Jobs Plan (Not) Tuesday, July 12, 2011 @ 2:17PMTo call President Obama's response to last week's horrendous jobs report inadequate would be a gross understatement. Here's what the president should have said.
- Foreclosed After Bankruptcy? It's Possible Tuesday, July 12, 2011 @ 2:11PMBankruptcy might prevent lenders from coming after you, but they still may come after the property later.
- The President's Jobs Plan (Not) Tuesday, July 12, 2011 @ 1:30PMWhat did the President do in response to last week’s horrendous job report — unemployment rising to 9.2 percent in June, with only 18,000 new jobs (125,000 are needed each month just to keep up with the growth in the potential labor force)?
- Falling Home Equity Spurs Fear of Strategic Default Tuesday, July 12, 2011 @ 1:15PMYesterday a lot of folks, including myself, were slightly incensed at the announcement by mortgage insurer PMI that it is launching a pilot program offering cash bonuses to borrowers who stay current on their mortgage payments.
- Hundreds seek foreclosure help at meeting in Hollywood Monday, July 11, 2011 @ 11:33AMA line formed Monday as hundreds of struggling South Florida homeowners waited to get into a free meeting in Hollywood to see if they could be helped.
- Economy puts premium on rental houses Sunday, July 10, 2011 @ 7:24PMPANAMA CITY BEACH - The housing slump has prevented many people from buying a house, prompting them instead to be renters.That in turn has created a shortage of good rental property, keeping rents high, something that can prove to be profitable for some homeowners and investors.Bruce King is a...
- SANDERS: Cheap suits, loose threads and tripwires Sunday, July 10, 2011 @ 4:16PMOPINION/ANALYSIS: The geopolitical question of the hour: Is there a tripwire linking the world's series of regional crises, ready to bring on another 2007-08 worldwide economic disaster? Lehman Brothers collapse in September 2008 dramatized how enhanced interconnections can tumble throughout the world in a time of crisis like dominoes. But ...
- SBI says no to funding of realty projects in disputed areas Friday, July 8, 2011 @ 8:27AMDousing hopes of many home loan seekers and investors, country's largest lender SBI today said it will not finance real estate projects which are mired in disputes over acquisition of land.
- JPMorgan close to becoming the top U.S. lender Friday, July 8, 2011 @ 7:41AMJPMorgan Chase and rival Bank of America are getting smaller as they shake off the excesses of the financial crisis years
- GLOBEST.COM B2B FEATURED SERVICE PROVIDERS Add your company Thursday, July 7, 2011 @ 5:22AMAfter climbing in early 2010, home prices have dropped once again, and have reached a new eight-year low.
- Budget cuts cast some homebuyers, renters, seniors adrift Thursday, July 7, 2011 @ 5:08AMWASHINGTON — Don't tell Lakesiya Cofield that homebuyer education doesn't matter. Without counseling, the compliance officer in the DeKalb County (Ga.) court system might have ended up as a statistic rather than a successful homeowner.
- China to Pause on Rates Thursday, July 7, 2011 @ 4:16AMA quarter-point boost to one-year lending and deposit rates may be the last for the year