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Home Equity Loans

Foreclosure S.O.S.

Nonprofit and for-hire advocates can help rework a sour mortgage, but check them carefully After she was laid off two years ago, Rosemarie Cino tried talking to her mortgage lender when she fell $8,000 behind on her mortgage...

Can the Banking System Handle Huge New Write-Downs? (at Seeking Alpha)

by: Bill Zielinski October 13, 2008 | about stocks: Bill Zielinski About this author: , Bank of America agreed to offer concessions to 390,000 subprime and pay option ARM borrowers by reducing both the principal owed and/or the...

Don't blame those at bottom: The causes of this crisis

Apparently, in the world of free-marketers even the blame trickles down. Listen to the right wing discuss the current financial crisis and invariably the finger of blame points to a pair of reliable targets: the government and...

Couple finds future dim as costs rise, home value falls

By Tony Pugh | McClatchy Newspapers QUAKERTOWN, Pa. — These are scary times for David and Karen Hammerschmidt. Now however, as their health problems worsen and their financial woes mount, the Hammerschmidts realize that they...

Bank bailout How it all affects you

The Government has injected £37bn into RBS and HBOS in an attempt to restore confidence to the banking system. The Government's pledge to safeguard British savers with Icelandic bank accounts appears to have set a precedent....

Three big banks cut fixed home loan rate

Three of Australia's biggest banks have cut their fixed home loan rates. But the drops will be of no benefit to customers who locked in interest rates amid fears they would rise rather than fall. Westpac, ANZ and National...

Banking on every one of us

Nervous wait ... traders check screens on London stock markets WHAT an end to 14 years of growth. But YOUR cash is being handed to YOUR bank by the Government — so the bank can lend it back to YOU at six or seven per cent...

Tasting toxicity

KEVIN DAVIE: COMMENT - We have had to endure two toxic scares in recent weeks: melamine in milk products emanating from China and the subprime mortgage fallout in the United States. In the latter case, subprime toxicity has...

Let's Have a New President November 5

With the U.S. economy in free fall, this country doesn't have the luxury of waiting until January 20, 2009 to swear in the winner of this year's presidential election, This post presents a modest proposal for installing the...

Is the era of easy credit over for the long haul?

An inflatable gorilla beckoned from the roof of Don Brown Chevrolet in St. Louis, servers doled out free bowls of pasta and a salesman urged potential customers to "come on up under the canopy and put your hands on" a new set...