Latest Sub Prime Loan news:

Sheila Tendy: My Lesson Learned: Simple Tips To Prevent You from Losing Your Shirt
Most sub-prime borrowers know the risk they are taking, but isn't the American dream about home ownership? Credit is the too-easy cure for the sub-prime borrower's eroded self-esteem.
Read more News Source - HuffingtonPost
Publish date - 17:55:07 07/17/08

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Directors' duties
The initial cause of the credit crunch was the collapse of the US sub-prime market and its knock-on effect has brought an end to cheap and available credit in the UK and raised the spectre of recession. ...
Read more News Source - Money Marketing Online
Publish date - 11:43:51 07/17/08

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Bank of Napa Reports Strong Second Quarter Growth
Bank of Napa, N.A. (OTCBB:BNNP) announced its second quarter 2008 financial results. The bank's total deposits at June 30, 2008 were $37.7 million, an increase from the second quarter of 2007 of $22.9 million. Loan totals at June 30, 2008 were $27.8 million, an increase of $25.3 million from the same quarter last year. The bank, which opened for business on August 14, 2006, reported a net loss ...
Read more News Source - Centre Daily Times
Publish date - 20:58:52 07/18/08

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Home sweet loan: Using a 401(k) loan for a down payment
Tapping into your 401(k) retirement fund to swing a down payment on a home isn't something to rush into. Such loans have advantages and disadvantages in today's real estate market of dropping home prices and tighter lending requirements.
Read more News Source - Contra Costa Times
Publish date - 18:47:24 07/17/08

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They gave ordinary Americans a home. And then the roof fell in
President Roosevelt must be turning in his grave. The mortgage guarantee institution that was created to help solve America's depression-era housing crisis seems to have had a central role in instigating a new economic crisis – and perhaps even a new depression.
Read more News Source - Independent
Publish date - 23:43:29 07/19/08

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There’s help available to avoid foreclusure
Have you recently missed making your mortgage payment, paid it late or couldn’t pay the whole thing? If so, unless you get your financial house in order, you could risk losing your house.
Read more News Source - The Daily World
Publish date - 06:46:50 07/20/08

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How far can housing drop?
The Bush administration's pledge to rescue ailing housing finance giants Fannie Mae and Freddie Mac raises anew questions about just when the nation's dismal housing market will hit bottom. Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson have suggested over the past year that an end is in sight. But with each prediction, things have grown worse. For many homeowners, ...
Read more News Source - The Myrtle Beach Sun News
Publish date - 04:30:18 07/20/08

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New product about to be launched
Fixed rate will last longer in GH Bank, SMC scheme
Read more News Source - The Nation - Thailand's English news
Publish date - 14:10:34 07/19/08

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Local briefs
Kitchen fire closes Golden Waffle CHICO — A kitchen fire early Wednesday morning has closed the Golden Waffle Restaurant, 701 Main St.
Read more News Source - Chico Enterprise-Record
Publish date - 07:17:04 07/20/08

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Pearlstein: The Economic Crisis
Washington Post columnist Steven Pearlstein was online Friday, July 18 at 11:00 a.m. ET to discuss oil prices, the Fannie and Freddie rescue and the unfolding financial crisis.
Read more News Source - Washington Post
Publish date - 06:12:30 07/20/08

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PRIVATE DEBT
John Hurley, the governor of the Central Bank, has said the Irish banks are well capitalised and will be able to ride out the current storm. Unfortunately investors are taking a less sanguine view.
Read more News Source - Sunday Business Post
Publish date - 23:02:23 07/19/08

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SearchMyLoan.com Offers Mortgage Insurance Search Capabilities Through Loan Pricing Engine
PORT WASHINGTON, N.Y.----SearchMyLoan.com , a provider of loan search and pricing services for the mortgage industry, announced it is now offering users of its loan search and pricing engine the ability to identify mortgage insurance products.
Read more News Source - Business Wire via Yahoo! Finance
Publish date - 13:02:12 07/16/08

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People lined up to get mortgage help
Group in Antioch helped put people in touch with Washington Mutual reps to help mortgages.
Read more News Source - KFSN-TV Fresno
Publish date - 00:47:28 07/20/08

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Brian O'Connor: Don't be dumb -- use your thumb
You still can get chocolate "martinis," Lions tickets, any variety of flan or even the "Sex and the City" DVD collection, but there soon will be at least one incredibly dumb thing you can't obtain in this country any longer -- and I don't mean checks from Nigerian probate lawyers.
Read more News Source - Detroit News
Publish date - 05:24:41 07/19/08

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NAB, Suncorp add to loan pain
NATIONAL Australia Bank yesterday joined the latest round of unilateral increases in home-lending rates as the fallout from the US sub-prime lending crisis continued to put pressure on bank funding costs.
Read more News Source - The Australian
Publish date - 15:34:58 07/14/08

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