Highlights
A collection of news and information related to Loans published by Tribune Company sources.
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Seller-funded down payment plan to end
ellen.yan@newsday.comThe $1,000 down payment program at Continental Home Loans is on borrowed time, but the Melville company's chief executive, Mike McHugh, knew it might have a short life. The crux of the program -- seller-funded down payments through housing nonprofits --...Tags: Al Green, Melville, Sales, Texas
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Pikesville man sentenced for loan fraud
Sun reporterA 56-year-old mortgage broker from Pikesville was sentenced to more than eight years in federal prison yesterday after he was convicted of fraudulently charging businesses hundreds of thousands of dollars' worth of origination fees for loans that he never...Tags: Pikesville, Punishment, Mortgages, Fraud, Prisons
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Lenders can't forget consumer rights
An increase in consumer complaints over the cancellation or reduction of home equity lines of credit has prompted one federal banking regulator to remind financial institutions about the laws governing this loan. The Office of Thrift Supervision, which...Tags: Business Institutions, Homes, Values, Laws, Wachovia Corp.
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Fannie, Freddie pull out of New York subprime market
emi.endo@newsdayMortgage finance giants Fannie Mae and Freddie Mac have decided to pull out of the New York subprime market - a move criticized yesterday by area housing advocates. The companies said their decisions stemmed from a recently passed state law that's...Tags: Economic Policy, Mortgages, Fannie Mae, Freddie Mac, Financial and Business Services
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Student loan co-signer feels pinch
Dear Mary: Our daughter graduated from college with more than $100,000 in student loans. Her first job did not pay enough for her to begin repaying the loans. The only loan that we co-signed is more than $600 a month. We did not know that it was in...Tags: Paramount, California
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Foreclosures ensnare low-income renters
Los Angeles Times Staff WriterRuth Cordoba has never owned a home, but she is feeling the effects of the mortgage meltdown acutely. Cordoba, 28, rented a three-bedroom home in Riverside for six months with the help of so-called Section 8 funds, money provided by the federal...Tags: Labor Day, Los Angeles, Interior Policy, Housing Industry, East L.A.
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Priced out of college?
Rising prices and an uncertain job market are taking a toll on families struggling to pay for higher education. The tough economic times are reflected in the number of Maryland students applying for financial aid, which jumped 19 percent overall during...Tags: Financial Aid, Maryland, University of Maryland, Colleges and Universities
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With bank loans scarcer, some websites help borrowers tap individuals for cash
The Washington PostWASHINGTON -- Steve Lubs was looking to get rid of his $8,000 in credit card debt, but his high interest rate had him bogged down. He tried getting a loan through a bank to pay off the balance but couldn't find one with an interest rate lower than 12%....Tags: Money and Monetary Policy, Society, Stocks, eBay Incorporated, Financial Planning
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Bigger fish are at stake this time
Tribune NewspapersThe mess in the U.S. financial system is making some people nostalgic for the dot-com collapse of 2000-02. That, too, was the cataclysmic bursting of an insane market bubble. But, as we are painfully learning, it's one thing for the economy to lose...Tags: Ben Bernanke, IndyMac Bancorp Incorporated, Countrywide Financial Corp., Fannie Mae, Sales
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Cuomo at HUD and the federal home loan mess
Spin CycleAndrew Cuomo???s tenure as federal Housing and Urban Development secretary and how it contributed to today???s mortgage crisis receives an in-depth look here from the Village Voice???s Wayne Barrett. The report shows that Cuomo???s drive to increase...Tags: Mortgages, Fannie Mae, Corporations, Freddie Mac, Federal Reserve
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Focus on projects that will give back
In tough economic times, the theory goes, government spending on needed roads and other infrastructure projects can help stimulate the economy better than, say, a flurry of rebate checks. But in Suffolk, the legislative approach to pending projects ranges...Tags: Credit and Debt, State Budgets, Steve Levy, Debt Market, Sales
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Too big to fail? We'll see about that
MARKET BEATThe mess in the U.S. financial system is making me nostalgic for the dot-com collapse of 2000-2002. That, too, was a cataclysmic bursting of an insane market bubble. But, as we are painfully learning, it's one thing for the economy to lose Pets.com...Tags: Ben Bernanke, IndyMac Bancorp Incorporated, Countrywide Financial Corp., Henry M. Paulson, Fannie Mae
Aug 28, 2008
|Story| Newsday
Aug 28, 2008
|Story| Baltimore Sun
Aug 28, 2008
|Story| Hampton Roads Daily Press
Aug 26, 2008
|Story| Newsday
Aug 27, 2008
|Story| Allentown Morning Call
Aug 26, 2008
|Story| Los Angeles Times
Aug 25, 2008
|Story| Baltimore Sun
Aug 25, 2008
|Story| Los Angeles Times
Aug 27, 2008
|Story| Chicago Tribune
Aug 8, 2008
|Blog| Newsday
Aug 24, 2008
|Story| Newsday
Aug 23, 2008
|Column| Los Angeles Times
