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rebuild.org finance news: latest news

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  • Wachovia Leaves Mortgage Industry
    Even with the largest companies, the state of the economy, whether it is in the throes of prosperity or leaving people struggling with debt, lets nothing go untouched. In fact, it could very well be said that the largest companies are often the first to get hit the hardest, and if the mortgage industry is [...]
    [August 25th, 2008]
  • Number of Renters on The Rise
    America currently isn’t getting any richer. While a lot of things said about the economy is embellished, it certainly can’t be denied that the economy is stuttering to say the least. The number of automotive jobs in recent months have plummeted, and the mortgage industry is still struggling with its loan crisis, but otherwise, the [...]
    [August 25th, 2008]
  • Student Loans Pose a Challenge Amidst a Struggling Economy
    The future of America resides in the youth that come into their own today and achieve their dreams so that they can apply themselves to a better tomorrow. Of course, this often means going to college and finding a study that is right for you, and then applying yourself diligently to that subject and then [...]
    [August 22nd, 2008]
  • Hope Now Provides Help For Some Home Owners
    Help came to homeowners in the past few months thanks to Hope Now. Hope Now is an organization that assists borrowers who have run into financial difficulties and needs help to maintain their homes. Comprised of lenders, counsellors, and other mortgage industry professionals, Hope Now has reported to have helped over 180,000 homeowners in April. [...]
    [August 20th, 2008]
  • Down Payments Are Just A Good Idea
    Buying a home is one of the most important purchases that a consumer can make. Owning a home is not only an important investment but many believed that it is the realization of a very important dream. For consumers living in the United States buying a home is achieving the American Dream, for others it [...]
    [August 18th, 2008]
  • Economy Forces Many To Fill Up Those Spare Bedrooms
    With the current financial hardships and a world wide inflation knocking on the door, several home owners are turning towards lodgers to help with household expenses. Home owners and renters with a bedroom to spare are looking to lodgers to help make ends meet. Australia has recently seen a rise in the amount of renters and [...]
    [August 18th, 2008]
  • Prices on The Rise Still
    The current year has been quite difficult for America in general. The housing bubble burst last year, with the shock waves of that event having greatly impacted the economic circumstances in 2008, creating a mortgage crisis and a housing slump that is causing all sorts of financial turmoil in their respective sectors. Besides this problem, [...]
    [August 15th, 2008]
  • Mortgage Rates Dip Only Slightly
    According to the reports issued by the Mortgage Industry giant Freddie Mac, or FRE, the average interest rates applied to 30 year mortgage loans fell only slightly in recent history, but data regarding the general economy keeps mortgage rates at a higher elevation overall. Although the rates on long-term home loans have managed to slide down [...]
    [August 15th, 2008]
  • Washington Mutual Creditors Pull Out, Stock Declines
    Washington Mutual, the biggest savings and loans company in America, dropped in value onĀ  the stock market earlier today, due to reports that the nationwide lender is losing access to some of its funding. The report was issued by financial analyst Kathleen Shanley of Gimme Credit, and was based on data on Washington Mutual’s income during [...]
    [August 14th, 2008]
  • Mortgage Losses Could Add Up To $1 Trillion
    The US housing crisis will yield a combined total of $1 trillion in losses for financial institutions worldwide, says bond fund head Bill Gross. Bill Gross announced the web site of his Pacific Investment Management Co. that more than 50% of America’s home loans are comprised of high-risk, high-interest loans of the subprime and Alt-A variety. [...]
    [August 14th, 2008]
  • Housing Market’s Silver Lining
    Generally speaking, the current financial situation is easily one of the worst to have ever hit the national housing market. With the bubble having completely burst last year, more and more homes have hit the market and values have rapidly depreciated, leading to the current downturn that is the lowest state of affairs that has [...]
    [August 9th, 2008]
  • Consumer Confidence Still Poor
    With the recent events that America has faced, one of the most negative aspects that has managed to have far-reaching effects was the housing bubble which burst last year. The prices of homes suddenly started to plummet across America, causing a domino effect wherein foreclosures surged due to delinquency and defaults, leaving the mortgage industry [...]
    [August 9th, 2008]
  • Addiction To Borrowing Plagues The Nation
    While the economy continues to struggle to stay afloat amidst the rising costs of food and gas and the diminishing dollar, many Americans have turned to borrowing money in order to pay their expenses. In such cases, a sizable number of individuals manage to eventually pay back what they owe, but for many others, some [...]
    [August 6th, 2008]
  • From Foreclosure To Rental Troubles
    Homeowners who lost their home to foreclosure are now facing significant problems when it comes to renting. Landlords and property managers are reluctant to rent homes and apartment units to those former homeowners seeing that foreclosure as a sure sign of continued economic distress. Credit checks are standard policy for many landlords as a way of [...]
    [August 5th, 2008]
  • Dark Prospects For IndyMac
    Earlier today, the major US mortgage lender IndyMac, based in Pasadena, Calif, released an open missive to its shareholders: the company is in trouble. In the document, IndyMac informed shareholders and the public that it plans to fire more than half of its employees, as well as ceasing all retail and wholesale lending operations. IndyMac [...]
    [August 5th, 2008]
  • Hope Now Provides Help For Some Home Owners
    Help came to homeowners in the past few months thanks to Hope Now. Hope Now is an organization that assists borrowers who have run into financial difficulties and needs help to maintain their homes. Comprised of lenders, counsellors, and other mortgage industry professionals, Hope Now has reported to have helped over 180,000 homeowners in April. [...]
    [August 4th, 2008]
  • Countrywide A Target Of Another Lawsuit
    The mortgage fallout in the United States is partially to blame for the current state of the global economy. The U.S. dollar is indeed suffering and is having an effect on the economies worldwide. In an effort to find the source of mortgage lenders who may have committed fraud that led to the collapse of [...]
    [August 4th, 2008]
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