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Bad home equity loans highest in 11 years (Miami Herald)
Consumers fell behind on loans secured by their homes at the fastest pace in two decades in the first quarter, signaling deeper distress in the economy, the American Bankers Association reported Wednesday.
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Overdue Home-Equity Credit Lines Rise Most Since 1987 (Update3) (Bloomberg.com)
July 2 (Bloomberg) -- Consumers fell behind on loans secured by their homes at the fastest pace in two decades in the first quarter, signaling deeper distress in the U.S. economy, the American Bankers Association reported.
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UK credit conditions tightened in Q2, to deteriorate further in Q3 - BoE survey (Sharewatch)
LONDON (Thomson Financial) - Lending conditions in the UK worsened on all fronts during the three months to June, driven by fears of house price falls and bad corporate loans, and are expected to continue to deteriorate over the next three months, a Bank of England survey revealed today.
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When Credit Gets Tight, a 401(k) Loan Becomes Tempting (NYTimes.com via Yahoo! Finance)
Examining the rationales for supporting or damning the practice of borrowing against a retirement fund can be a useful exercise.
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Higher sales spur growth in home mortgages (The Sarasota Herald-Tribune)
The increase in home sales in Manatee, Sarasota and Charlotte counties, coupled with new user-friendly FHA loans and new loan limits, seems to be helping to lift mortgage applications out of the basement rate of the past two years.
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Home Front: Seesaw mortgage rates make it tough to decide when to lock in your loan (The Sacramento Bee)
If you think it's a stomach-turner to watch a volatile stock market and economy, try picking the right week to lock in your home loan.
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Bad credit can cost you big bucks (Bankrate.com via Yahoo! Finance)
Beyond mortgage and credit card interest rates, there are many other insidious ways low scores can zap you.
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Higher sales spur growth in home mortgages (The Sarasota Herald-Tribune)
Applications are increasing as FHA makes loans attractive and prices fall
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Court clerk’s office taking part in pilot program using credit cards (Muskogee Phoenix)
The cashier in the Muskogee County District Court Clerk’s office will begin asking patrons next week whether they want paper or plastic. They won’t be bagging up anything, but patrons will have the option of paying by credit card rather than cash or check, said Paula Sexton, court clerk.
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Need More Room? Don't Move - Improve (Carteret County News-Times)
(ARA) - According to the National Association of Realtors, the continuation of a soft market is predicted for existing home sales in the coming months. This comes as bad news for people who are considering selling their homes in the near future.
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