More housing for city? ATTLEBORO – A bad economy burdened with a down housing market isn’t deterring developers who are hoping to rezone about 10 acres of industrial land off lower County Street to build houses. Read more on The Sun Chronicle
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More rate hikes likely without wholesale move
More rate hikes likely without wholesale move NATIONAL Irish Bank will not raise the cost of borrowing on mortgages in the foreseeable future, it said, after posting substantial first half losses. Read more on Irish Examiner
World Cup fever could lead to more debt
World Cup fever could lead to more debt A surge of applications for debt review are expected in July as consumers decide to splurge on World Cup tickets, alcohol and fun. Read more on Independent Online
More banks raise interest rates
More banks raise interest rates ANZ National Bank has increased its variable, six month and one year mortgage rates after the Reserve Bank of New Zealand hiked the official cash rate by 25 basis points to 2.75 percent earlier this month. read more Read more on Otago Daily Times
JPMorgan May Pay More Than RBS to Sell CMBS: Credit Markets
JPMorgan May Pay More Than RBS to Sell CMBS: Credit Markets JPMorgan Chase & Co. is marketing $716.3 million of bonds tied to loans on commercial properties at higher relative yields than in the last sale of the debt after the worst month for credit since October 2008. Read more on BusinessWeek
GM wants more subprime buyers; will lender agree?
GM wants more subprime buyers; will lender agree? If your credit isn’t good, General Motors Co. still wants to sell you a car. The problem is, it can’t. At least not in big numbers. That’s why the automaker wants more control over its lending again. GM’s top North American executive Mark Reuss, under… MarkReuss – [...]
With all this house foreclosure one wonders how you can sell your house if you owe more.?
I’m sitting here wondering with all of these people losing their houses, can someone attempt to sale their house if they owe more that what they can get for it. How does that work? How do they work with the negative equity? Do they get some kind of unsecured loan or something? Or do they [...]
‘Repo Men’? Creepo Men is more like it
‘Repo Men’? Creepo Men is more like it The repossession of artificial limbs by a tyrannical corporation makes for a messy business in ‘Repo Men.’ Read more on USA Today