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Indiana ranks near top in troubled home loans (The Indianapolis Star)
Indiana remains among the states with the highest percentage of troubled home mortgages, with the latest data showing the nation's housing crisis worsening with rising joblessness.
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9% of home loans in trouble (Chicago Tribune)
Late payments, defaults spread to prime mortgages WASHINGTON — More than 4 million American homeowners with a mortgage, a record 9 percent, were behind on their payments or in foreclosure at the end of June, as damage from the housing crisis worsened, the Mortgage Bankers Association said Friday.
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Private student loans getting tougher to find (Montgomery Advertiser)
Your child will be a college freshman this year, and you're a little apprehensive. Will she pass Econ 101? Eat her vegetables? Come home for Thanksgiving with an anarchist boyfriend and a full-body tattoo?
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An option for investors: IRA-leveraged loans (Everett Herald)
Investors and second home buyers see the long-term potential of some depressed properties, but many possible players simply don't have the ready cash to make the purchase. Besides, fuel prices are up and the kids need back-to-school clothes, plane fare and rent for an apartment.
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Making a Business of Family Loans (New York Times)
As banks tighten lending standards, alternative sources are stepping into the breach, organizing and processing loans among family, friends and business associates.
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Banks freezing home equity loans (Reno Gazette-Journal)
David Shapiro now knows what happens when HELOCs freeze over.
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Home loan troubles break records again (Washington Post)
WASHINGTON -- The source of trouble in the mortgage market has shifted from subprime loans made to borrowers with bad credit to homeowners who had solid credit but took out exotic loans with ballooning monthly payments.
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France to offer zero-pct loans for home energy efficiency: ministry sources (AFP via Yahoo! News)
France will offer interest-free loans from next January 1 to encourage energy efficiency in the home, government sources said on Tuesday.
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DEP promotes rebates, grants, loans, tax credits (The Williamsport Sun-Gazette)
Sometimes it takes money to save money, an investment the state is willing to make through a multi-million dollar alternative energy program. Solar, wind, biodiesel, geothermal - those are some of the power sources that will drive homeowners and businesses to take advantage of the tax credits, grants, loans and rebates possible in this $665.9 million program.
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MetLife takes over First Horizon Home Loans (Santa Cruz Sentinel)
A new national brand has appeared on the local mortgage scene. MetLife, the insurance giant based in New York, has taken over First Horizon Home Loans and its office at 2160 41st Ave.
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