Sep
30
The case involves a judge's wife who could face criminal charges on an accusation she forged the signature of another judge in an attempt to prevent a home foreclosure. Now, the case likely will need a new special prosecutor, who would be appointed ...
Sep
30
The U.S. Treasury Department is expected to issue streamlined guidelines to lenders on short sales soon. Housing-industry leaders say complicated procedures are hindering them from clearing the large inventory of distressed property necessary to ...
Sep
30
Sub-prime lending is a type of credit given to homeowners who do not meet the criteria for regular (“prime”) loans. A typical sub-prime borrower has a poor or limited credit history and a FICO score of less than 620. These factors make them a risky investment for regular lenders, which keeps them from taking out loans. To compensate for the risk, sub-prime lenders impose higher costs on their contracts. For credit cards, this is usually a higher fee for over-the-limit spending or late fees. Sub-
Sep
30
Banks and loan investors are starting to bite the bullet and lower the principal due on home mortgages for some struggling borrowers, a new report from bank regulators shows. That's good news for some homeowners, but may portend more write-offs over ...
Sep
30
Emeline Bravo-Blackwood normally wouldn't answer the phone at ACORN's Main Street office in Bridgeport, but Tuesday she did. "We have no organizer because we have no money to pay the organizer,"
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