Wednesday, March 12, 2008

Borrowing requirements tightening and changing regularly in U.S.

Stephen Bernard The Associated Press Mar. 11, 2008 12:03 PM NEW YORK - The loan you qualify for on Monday might be out of reach on Tuesday.

IndyMac says it may miss forecast on asset declines


IndyMac Bancorp Inc., the second- largest independent U.S. mortgage lender, said first-quarter results may be worse than its Feb.

Wells Fargo still looking at deals, though proceeding with caution


Wells Fargo & Co. President and CEO John Stumpf said March 11 that organic growth represents the best opportunity for growth, given the uncertain credit environment, even though sellers' expectations have ...more



Stop Paying Your Mortgage and Walk Away?


More and more the talking heads on television have suggested that these upside-down homeowners should cut their losses and hand the bank the keys to the castle.

Housing Market Tracker - Struggling States Offer More Foreclosure Help


"People can't keep their houses because they can't afford the monthly mortgage payments, they can't refinance because there's no equity in the house, and they don't qualify for a loan ... More and more people ...more



Borrowing requirements tightening and changing regularly in U.S.


Problems in the mortgage market are spilling into other lending markets as customers struggle to keep up with payments on other loans, such as auto and credit card payments."The market is reinventing itself ...more



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