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AUTO TITLE LOANS: Advocates Advise Consumers Against Costly Borrowing - Washington Post
Ella Butler got some fast cash last year to pay her back rent, but all it did was land her in more trouble. Butler took out an $1,800 loan in October 2007 using her 2000 Toyota Camry as collateral. Almost immediately she fell behind in payments, and ...

Defaults on prime loans spread - Idaho Statesman
By this year, the bleeding housing market had drained the equity from Judy Jones' home in Murrieta, Calif. But her life still seemed secure. She had a government job, after all, and a 30-year fixed-rate mortgage at 5.875 percent, unlike the shaky ...

Stark reality for Detroit Three - Globe and Mail
WASHINGTON — They traded in their private jets for politically correct hybrid cars. They toned down their warnings of economic cataclysm. And they seemed willing to make big concessions. But the chastened chief executive officers of the Detroit ...

GM, Ford, Chrysler CEO Jobs May Hinge on Bailout Plan (Update3) - Bloomberg
Dec. 1 (Bloomberg) -- General Motors Corp. Chief Executive Officer Rick Wagoner and his counterparts at Ford Motor Co. and Chrysler LLC will put their jobs on the line this week when they try to convince Congress they can save their companies. U.S ...

Countrywide must pay back $12 million - Raleigh News & Observer
Homeowners entitled to refunds from Countrywide should receive their checks within 60 days. To check whether you're eligible, call the state bank commissioner's consumer complaint hot line at 888-384-3811. Mortgage lender Countrywide Financial Corp ...

Reverse mortgages a lifeline for seniors - San Diego Union-Tribune
Seniors traditionally have used reverse mortgages to maintain their standard of living in retirement by tapping into their home equity, but older homeowners increasingly are using the loans to avoid sliding into foreclosure. Rather than making ...

Site Presented By - Salon
Economists were anticipating a bad jobs report for November, but the new numbers, by any standard, are shocking. The Department of Labor reported that non-farm payrolls in the U.S. declined by 533,000 in November. That would make 1.2 million jobs ...

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 ...

Cape car dealers await Congress's bailout decision - Cape Cod Today
W hen representatives of Detroit's Big Three automakers appeared before Congress last week to ask for a $25 billion bailout, a number of Cape Codders were even more interested than most other Cape residents. Owners, managers and workers at Puritan ...

An S&L's Path To The Cliff - Forbes
Board members warned him. Employees warned him. Even mortgage brokers--not a class of people winning any citizenship awards this year--thought to double-check the math. But Maurice "Mac" McAlister would not be denied. As the folksy but strict ...

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