Lloyds Banking to Allow Extra Mortgage Repayments Until 2011
Lloyds Banking Group Plc, Britain’s biggest home-loan lender, will allow customers to increase mortgage repayments without penalty, as the bank seeks to cut its 1.03 trillion-pound ($1.55 trillion) balance sheet.
Read more News Source - BusinessWeek
Publish date - 18:52:45 03/11/10

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Talking Money: Now’s the time to prepare for rising interest rates
If you have a variable-rate credit card, or an adjustable-rate mortgage, or a savings account, you’ve likely noticed that throughout this recession, your interest rates have gone down—in some cases, by quite a bit. That’s a good thing when it comes to the money you borrow, but a bad thing when it comes to the money you save. Even the best savings accounts aren’t paying much more than 1 percent ...
Read more News Source - Richmond Times-Dispatch
Publish date - 20:36:47 03/11/10

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Mortgage debts may linger, even after foreclosure
Local experts say foreclosures have displaced nearly 90,000 Minnesotans from their homes to learn that mortgage debt can linger even after the home is lost.
Read more News Source - Minnesota Public Radio
Publish date - 18:12:13 03/11/10

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Real Estate's Link to the Small Business Credit Crunch
It's no secret that small businesses in the U.S. face difficulties accessing credit. According to a survey of a random sample of 751 small businesses conducted by Gallup at the end of 2009 for the National Federation of Independent Business Research Foundation, 44% of small businesses seeking credit in 2009 received only some or none of the money they sought. This level of credit access compares ...
Read more News Source - BusinessWeek via Yahoo! News
Publish date - 13:14:50 03/10/10

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Bond Spreads at Narrowest This Year Lure GMAC: Credit Markets
March 11 (Bloomberg) -- Corporate bond yields fell to the lowest this year relative to benchmark government securities, luring GMAC Inc. to sell its longest-maturity notes since 2004.
Read more News Source - Bloomberg
Publish date - 21:07:42 03/11/10

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Subprime Lending Crisis: Auto Loans Thrive, Housing Down
In the wake of the credit crisis, banks have scaled back lending to subprime borrowers. But other lenders have stepped in, making high-interest-rate loans to borrowers with low credit scores
Read more News Source - Time Magazine
Publish date - 17:30:10 03/11/10

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TCW Returns to Mortgage Bonds It Sold After Declines (Update1)
March 9 (Bloomberg) -- TCW Group Inc., the money manager whose staff was shaken up as it fired its chief investment officer in December, has become a buyer of the types of government-backed mortgage securities it rushed to sell earlier this year.
Read more News Source - Bloomberg
Publish date - 18:22:41 03/09/10

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TCW Returns to Mortgage Bonds It Was Selling After Prices Fall
March 9 (Bloomberg) -- TCW Group Inc., the fund manager whose staff was shaken up as it fired its chief investment officer in December, has become a buyer of the types of government-backed mortgage securities it was rushing to sell early this year.
Read more News Source - Bloomberg
Publish date - 17:47:54 03/09/10

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TCW Returns to Mortgage Bonds It Sold After Declines (Update1)
TCW Group Inc., the money manager whose staff was shaken up as it fired its chief investment officer in December, has become a buyer of the types of government-backed mortgage securities it rushed to sell earlier this year.
Read more News Source - BusinessWeek
Publish date - 18:33:06 03/09/10

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TARP Panel Finds Fault With GMAC Bailouts
A Congressional panel, in a report to be released Thursday, questioned the need for the Treasury Department ’s $17.2 billion bailout of GMAC as the company dealt with the collapsing mortgage market in 2008 and 2009, Sewell Chan reports in The New York Times.
Read more News Source - New York Times
Publish date - 16:16:57 03/11/10

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