From the category archives:

Financial Institutions

Avoiding Foreclosure By Organizing Your Finances

by Elizabeth Rush on July 28, 2008

If you have managed to escape the subprime mortgage mess, it should not mean that you will let down your defenses. One of the ways you can easily avoid losing your home to foreclosure is by organizing your finances early on.

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“Declining home prices, not over” – CEO (Fannie Mae)

by William Dover on May 26, 2008

For the CEO of Fannie Mae, the housing crisis is only halfway through. In fact, in a meeting with shareholders, President Daniel Mudd stated that home prices are likely to decline further, by as much as 25 percent.

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Troubled Countrywide Faces FBI Probe

by William Dover on March 13, 2008

Fraud allegations made against the Countrywide Financial Corporation brought the Federal Bureau of Investigation at the company’s doorstep. The investigation will involve the examination of underwriting and lending practices as well as possible misrepresentation of subprime loan-related losses. Countrywide, one of the biggest lenders in the nation was acquired by Bank of America last January after its subprime lending operation resulted to billions in losses.

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Your Ticket to Financial Freedom – Toledo Foreclosure Listings

by Jason MacDowell on January 10, 2008

It can be overwhelming trying to save for the future. It can seem like every time that you get a small sum of money saved, you need to spend it on a car repair, your child needs braces or that leaky pipe in your home you’ve been ignoring turns into a steady stream of water that demands fixing immediately. There is an answer to your financial woes and it can be found through the purchase of Toledo foreclosure listings.

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Banks Tightening Lending Regulations

by Jason MacDowell on November 21, 2007

According to the Federal Reserve, more banks have decided to tighten their lending standards particularly on home loans including traditional prime housing loans, non-traditional mortgages (subprime and “interest only” mortgages). This decision is not remotely surprising as most of the banks have been losing much money over defaulting mortgages. Their large inventory of foreclosure homes are poised to get even bigger as sales activity remains sluggish.

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