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Repossession promise by RBS is 'PR stunt' say mortgage experts - Daily Telegraph
RBS, which became part-nationalised last week, has announced that it will not start repossession proceedings against any of their customers unless they are at least six months in arrears. While experts have said this will give struggling customers ...

Home Value Highwire - WTOP Radio
WASHINGTON - If you want to buy in today's housing market, you may not be able to seal the deal or get a loan, unless you have cash and good credit. You need cash to close the deal. The days of zero-down are gone. That's the new reality of the ...

Chancellor bids to ease mortgage woe - InsideHousing
The government will attempt to boost the supply of home loans by pursuing plans to guarantee mortgage-backed bonds, it confirmed this week. The move was the main recommendation of Sir James Crosby’s report on mortgage finance, published this week ...

S&Ls' Not-So-Wonderful Life - Investors Business Daily
Savings and loan banks have a reputation of being a vital part of the communities they serve. Think of good-hearted savings banker Jimmy Stewart in the holiday classic "It's a Wonderful Life." S&Ls, also called thrifts, are going to need all the ...

Local bankruptcies have risen sharply - Louisville Courier-Journal
Transferred to Louisville from Oregon 2½ years ago, Ed and Cherri Dubiak had trouble selling their old home and soon found themselves overwhelmed by bills, including $65,000 in credit-card debt. "Every credit card I had was getting maxed out," said ...

Credit action seen as right for economy - Peoria Journal Star
A government decision to launch new programs to unfreeze credit for home buyers, consumers and small businesses is "the right idea, the right approach," said Bradley University economics professor Joshua Lewer. The move by the central bank to ...

Britain nationalizes Bradford & Bingley bank - Reuters
LONDON (Reuters) - Britain nationalized Bradford & Bingley on Monday, making the buy-to-let mortgage lender the second UK bank to be taken into public ownership this year as a deepening financial crisis claims victims around the world. After intense ...

After Citi, is Bank of America next? - Sify
Bank of America, the No 3 US bank by assets, has loaded up on mortgages as the world's largest economy wrestles with the worst housing market since the Great Depression. The Charlotte, North Carolina-based bank further heightened its exposure to home ...

Sound Financial Inc. Announces Stock Repurchase Program - PR Inside
www.soundcb.com - Sound Financial Inc. (OTCBB:SNFL), holding company for Sound Community Bank, announced today that its Board of Directors have approved a plan to repurchase up to 57,782 shares, or approximately 2% of its outstanding common stock ...

The Obama "Dream Team": Rubin-clones and political fakery - Bellaciao
Things are getting crazier by the day. On Tuesday, Treasury Secretary Henry Paulson announced that the Fed would commit another $800 billion to fight the financial crisis which has spread to the broader economy and is causing sharp declines in ...



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