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Let bankruptcy help fix bad mortgages (The Christian Science Monitor via Yahoo! News)
I watched a middle-aged widow lose her home recently. Her story was familiar. She owned her simple brick residence outright until four years ago, when a mortgage broker stopped by and offered her a loan too good to be true. In exchange for taking on a modest monthly payment, she could make some needed repairs and consolidate other debts.
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Improve Your Credit Score (Forbes)
What you thought was a good FICO score could keep you locked out of getting a loan. Here's what to do.
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Let bankruptcy help fix bad mortgages (The Christian Science Monitor)
It's a powerful step back to financial stability.
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General Growth Properties gets loan reprieve (AP via Yahoo! Finance)
Shopping-mall owner General Growth Properties Inc. is getting a two-week extension on $900 million in debt that had been scheduled to come due last week as the company works to stave off bankruptcy and negotiate longer-term extensions with lenders.
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'Excellent credit to bankruptcy' in two years (The Springfield News-Leader)
Hoping to earn $50,000 in three years to help pay for their son's college education, an Iowa couple joined what was described as a risk-free housing investment program run by a Springfield company -- only to find their lives in financial ruins two years later.
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Loan reprieve for General Growth (Deseret Morning News)
Shopping-mall owner General Growth Properties Inc., whose holdings include the Fashion Place and Cottonwood malls in Utah, is getting a two-week extension on $900 million in debt that had been scheduled to come due last week as the company works to stave off bankruptcy and negotiate longer-term extensions with lenders.
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An S&L's Path To The Cliff (Forbes)
The government stood by while Downey Savings met a grisly fate.
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Obama, Congress proceed with caution (The Washington Times)
President-elect Barack Obama and congressional leaders were taking a wait-and-see attitude Wednesday as the nation's Big Three carmakers prepared to make a critical pitch for tens of billions of dollars in federal aid.
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Auto Bailout (KMIR 6 Palm Springs)
Perhaps no other place in America outside Detroit has more at stake in the debate over whether to bail out the auto industry than National City, Calif., sandwiched between San Diego and the Mexican border.
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Student debt levels portend rising loan default rates (The Indianapolis Star)
Not long ago, Dan Brown and his roommate headed from San Francisco to Las Vegas. They were aiming to win big so they could pay off their student loans.
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