bad credit equity home mortgage

WASHINGTON: A group of private investors has agreed to buy for nearly $14 billion the collapsed home loans specialist IndyMac Bank, the third-largest bank to fail since the US government began insuring deposits in 1934. The group is headed by Steven ...

Failed US home loans bank IndyMac sold for $14 bn - Boston IMC

The safety net is almost gone. The nest egg is cracking. Many Americans have recently found themselves changing retirement plans after losing a substantial amount of home equity as the housing market and the overall U.S. economy struggle. These folks ...

Retirees no longer counting on home equity - MSNBC

NEW YORK (AP) -- While problems in banks' mortgage portfolios had surfaced some time before, 2008 was the year in which a landslide of deteriorating credit and concerns over capital took down industry stalwarts like Washington Mutual Inc. and ...

Housing, credit crises slammed bank stocks in '08 - Associated Press

Friday, January 2, 2009 Many Americans have recently found themselves changing retirement plans after losing a substantial amount of home equity as the housing market and the overall U.S. economy struggle. These folks face years of living on fixed ...

Plan B for retirees who counted on home equity - San Francisco Gate

The number of homes in Grand Junction with negative equity — a loan balance that is greater than the value of the property — has reached 19.2 percent in 2008. That’s a jump from 9.7 percent in 2007 and is well above the percentages recorded ...

Negative equity increasing in Grand Junction housing market - Grand Junction Daily Sentinel

Dec. 31 (Bloomberg) -- U.S. stocks gained for a second day, trimming losses at the end of the market’s worst year since the Great Depression, as fewer Americans filed for jobless benefits and the Treasury said it will expand aid to the car industry ...

Stocks in U.S. Gain, Trimming Worst Yearly Decline Since Great ... - Bloomberg

Jan. 1 (Bloomberg) -- U.S. stocks plunged the most in 2008 since the Great Depression as financial shares collapsed, energy and metal producers tumbled and the world’s biggest economy suffered a yearlong recession. Citigroup Inc., Bank of America ...

U.S. Stocks Post Steepest Yearly Decline Since Great Depression - Bloomberg

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Mortgage applications remain at 5-year highs - Newsweek

If you're like most Americans, your list of New Year's resolutions might be something like this: Lose weight. Spend more time with family and friends. Tidy up. Quit smoking. Or drinking. Or whatever other vice you're troubled by. But in light of ...

Resolve to exercise caution, thrift - San Diego Union-Tribune

"FAIL fast, fail early" is a management mantra in many industries. Identify the projects that will not pay off quickly, and the costs of failure are capped. Banks have developed their own version of this rule — "fail completely, fail ...