Linda Young – Fourth Estate Cooperative Writer Irvine, CA, United States (4E) – The number of foreclosure filings nationwide dropped in April to its lowest level since July 2007, although foreclosure activity actually increased in some areas of the country. RealtyTrac, the leading online marketplace for foreclosure properties, released its April report on foreclosure filings [...]
Posts Tagged ‘percent’
Ally mortgage unit files bankruptcy
May 15th, 2012
davidguide Diane Alter – Fourth Estate Cooperative Reporter Midvale, Utah, United States (4E) – Ally Financial ResCap mortgage on Monday filed for prepackaged bankruptcy protection. The bank, owned by taxpayers, said the filing will allow the bank to take another step to repay the U.S. treasury. Ally’s ResCap unit operates under the GMAC Mortgage brand. At [...]
Short sales up in housing market
April 21st, 2012
davidguide Diane Alter – AHN News Reporter New York City, NY, United States (AHN) – Short sales out paced foreclosures in 12 states in January, market research form Realty Trac reported Friday. The increase highlights that more homeowners are finding an easier way out of a distressed home loans with short sales, and that more lenders [...]
Short sales up in housing market
April 21st, 2012
davidguide Diane Alter – AHN News Reporter New York City, NY, United States (AHN) – Short sales out paced foreclosures in 12 states in January, market research form Realty Trac reported Friday. The increase highlights that more homeowners are finding an easier way out of a distressed home loans with short sales, and that more lenders [...]
Stocks slide Wednesday following Tuesday’s big gains
April 19th, 2012
davidguide Diane Alter – AHN News Reporter New York City, NY, United States (AHN) – U.S. stocks took a breather Wednesday from Tuesday’s big gains and once again focused on problems in Europe’s economy. In mid-morning trading, the Dow Jones Industrial Average slipped 30 points, the Standard & Poor’s 500 Index slumped 2 points, and the [...]
In land of no loans, consumer debt mounts
April 3rd, 2012
davidguide The Media Line Staff Riyadh, Saudi Arabia (The Media Line) – When Reem Muhammad sought a personal loan to pay off some lingering debts, a Saudi bank offered 100,000 riyals ($26,667). The price tag? Repayment of the loan, plus 33,000 riyals. “I took the loan and repaid it, but I never knew what the 33,000 [...]
While White House Emphasizes Easing Student Debt Burden, Fed Contractors Play Hardball with debtors
March 30th, 2012
davidguide ProPublica Staff Washington, DC, United States (ProPublica) – by Marian Wang It was with some fanfare that the Obama administration announced last fall that it was ramping up a program to help students with federal loans reduce their monthly payments. Under the program, payments are adjusted based on how much students earn — what’s known [...]
European Central Bank leaves key interest rate unchanged
March 9th, 2012
davidguide Linda Young – AHN News Writer London, United Kingdom (AHN) – European Central Bank (ECB) officials left the benchmark interest rate of 1 percent unchanged. The bank has not changed the rate since November. The ECB has provided European banks with hundreds of billions of dollars worth of loan-interest loans in an effort to keep [...]
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