The great home lending rip-off: Families pay £1,800 a year too much - Daily Mail
Homeowners are paying an average £1,800 a year extra for their mortgages as banks fail to pass on cuts in borrowing rates. All the big lenders, including those saved from ruin by the taxpayer, are ramping up loan rates at the expense of families
Sizing Up A Short Sale - Smart Money
If it’s done right, everybody wins in a “short sale,” where the home sells for less than the seller owes on the mortgage. The buyer gets a bargain, the seller avoids foreclosure, and the bank escapes with a manageable loss. But the process can drag
How the surveying profession failed - The Guardian
Quite what does a valuation surveyor actually do? Don’t get me wrong, some of my best friends are surveyors. I’m not anti-surveyor, but A report from the Bank of England this week said lenders are struggling to value homes in the current market
Hard Rock hotel expands as Vegas rates stay down - Newsday
LAS VEGAS (AP) — As a 490-room tower opens at the Hard Rock Hotel and Casino just east of the Las Vegas Strip this week, hotel operators citywide are struggling to fill existing rooms and staggering at the prospect of 10,000 more coming online this
Small-business loan defaults rampant - Delaware Online
REDWOOD CITY, Calif. — As the effects of the economic collapse began pouring down Main Street, the government last year was left holding a record $2.1 billion in write-offs of small-business loans it had guaranteed. Officials expect the number to
Brokers under pressure as direct-only deals dominate the market - Times Online
Homeowners using mortgage brokers to find a new deal have been warned that two-thirds of deals are now only available directly from lenders. Research by Moneyfacts.co.uk, the financial website, has found that intermediaries can advise on only 33 per
Widening Commercial Real Estate Crisis Hits U.S. Banks - CNN Money
NEW YORK -(Dow Jones)- When commercial real estate markets went bust two decades ago, bankers said they learned a hard lesson. The latest earnings reports from U.S. banks suggest many, in fact, didn’t. Losses from loans tied to strip malls, office
Main Street’s soaring sour loans - Mercury
REDWOOD CITY, Calif. — As the effects of the economic collapse began pouring down Main Street, the government last year was left holding a record $2.1 billion in write-offs of small business loans it had guaranteed. Officials expect the number of
2ND UPDATE:CIT Amends Terms Of Cash Tender Offer For Notes Filing - CNN Money
In a regulatory filing, CIT said that if the offer for its floating rate notes due Aug. 17 is successfully completed, the company and steering committee of bondholders “do not intend for the company to seek relief under the U.S. Bankruptcy Code but
The great home lending rip-off: Families pay £1,800 a year too much - Daily Mail
Homeowners are paying an average £1,800 a year extra for their mortgages as banks fail to pass on cuts in borrowing rates. All the big lenders, including those saved from ruin by the taxpayer, are ramping up loan rates at the expense of families
Sizing Up A Short Sale - Smart Money
If it’s done right, everybody wins in a “short sale,” where the home sells for less than the seller owes on the mortgage. The buyer gets a bargain, the seller avoids foreclosure, and the bank escapes with a manageable loss. But the process can drag
How the surveying profession failed - The Guardian
Quite what does a valuation surveyor actually do? Don’t get me wrong, some of my best friends are surveyors. I’m not anti-surveyor, but A report from the Bank of England this week said lenders are struggling to value homes in the current market
Hard Rock hotel expands as Vegas rates stay down - Newsday
LAS VEGAS (AP) — As a 490-room tower opens at the Hard Rock Hotel and Casino just east of the Las Vegas Strip this week, hotel operators citywide are struggling to fill existing rooms and staggering at the prospect of 10,000 more coming online this
Small-business loan defaults rampant - Delaware Online
REDWOOD CITY, Calif. — As the effects of the economic collapse began pouring down Main Street, the government last year was left holding a record $2.1 billion in write-offs of small-business loans it had guaranteed. Officials expect the number to
Brokers under pressure as direct-only deals dominate the market - Times Online
Homeowners using mortgage brokers to find a new deal have been warned that two-thirds of deals are now only available directly from lenders. Research by Moneyfacts.co.uk, the financial website, has found that intermediaries can advise on only 33 per
Widening Commercial Real Estate Crisis Hits U.S. Banks - CNN Money
NEW YORK -(Dow Jones)- When commercial real estate markets went bust two decades ago, bankers said they learned a hard lesson. The latest earnings reports from U.S. banks suggest many, in fact, didn’t. Losses from loans tied to strip malls, office
Main Street’s soaring sour loans - Mercury
REDWOOD CITY, Calif. — As the effects of the economic collapse began pouring down Main Street, the government last year was left holding a record $2.1 billion in write-offs of small business loans it had guaranteed. Officials expect the number of
2ND UPDATE:CIT Amends Terms Of Cash Tender Offer For Notes Filing - CNN Money
In a regulatory filing, CIT said that if the offer for its floating rate notes due Aug. 17 is successfully completed, the company and steering committee of bondholders “do not intend for the company to seek relief under the U.S. Bankruptcy Code but