Archive for the ‘Home Loan Lending’ Category

July 22nd, 2008

Ubuntu opens up a new market for Linux: Mobile

For as long as some have been talking about “The Year of the Linux Desktop,” I’ve been hearing the same thing about “The Year of Embedded Linux.” My first open-source company was Lineo, an embedded-Linux vendor. I used to preach the gospel of embedded/mobile Linux.
But its “year” never came. As with Godot, we’re always waiting [...]

July 19th, 2008

Tax tips for property investors

PROPERTY investment remains one of the most popular ways to make money, but for uneducated investors it can be easy to make mistakes at tax time.
The Australian Taxation Office says it has identified a number of common mistakes in the tax returns of rental property owners, and has compiled a list.
Construction costs are a big [...]

July 1st, 2008

Tierone Bank To Close Nine Offices; Raleigh To Get The Ax

TierOne Bank said Tuesday that it would close all nine of its loan production offices across the country, including one in the Triangle.
The Nebraska lender says the move, which will affect about 20 employees across the nine offices, is part of an effort to direct its lending activity to its primary market in the Plains [...]

July 1st, 2008

Commercial-Mortgage Bond Sales May Reach 12-Year Low

Sales of bonds backed by commercial real estate loans may fall to the lowest level since at least 1996 as investor demand for the debt slumps.
I am a big believer in backing up the truck and buying commercial-mortgage backed securities” as a weaker dollar draws foreign property buyers, BlackRock Inc. Home Loan LendingĀ  PHome Loan [...]

June 20th, 2008

Tough Sell For Home Lending Limits

Democratic lawmakers hoping to prevent another foreclosure crisis have approved a series of homeowner-friendly bills in the Assembly, but those measures face tougher prospects as they head to a key Senate committee today.
Resistance is strong from moderate Democrats in the upper house, who tend to be more supportive of business interests than their Assembly counterparts, [...]

June 20th, 2008

Low Flat Fee Closing Costs For Home Mortgages

A New type of Mortgage Company has been launched this spring, 2008, by Sterling Lending Group’s President, Prem Bajaj.
Shanti Home Loans.com is a new sister company of Sterling Lending Group, Inc., formerly in Bethel CT, now residing at 105 Mill Plain Road in Danbury, CT. Shanti Home Loans.com was created because of customer need to [...]

June 10th, 2008

Consumers Face Tougher Time Getting Loans As Bank Crisis Spreads

However, Whitney was proved correct: Citigroup pushed out its CEO, sought foreign investors and slashed its dividend. Her comments now carry added weight on Wall Street, and she has a new warning for ordinary Americans: The crisis in credit markets is far from over, and it increasingly will affect consumers.
“In fact, we believe that what [...]

June 5th, 2008

Regional Banks Cut Local Commercial Lending Staffing

One of Fifth Third’s strategies for addressing the issue is to “suspend all new developer lending” and to make “no new loans to builder/developer sector,” Kabat’s presentation said.
But Daniel Bitzer, executive vice president in charge of National City’s commercial real estate lending in Michigan and the Toledo area, said there would be no changes in [...]

June 5th, 2008

Lloyds Tsb Taps Northern Rock To Grow U.K. Mortgages

Lloyds TSB Group Plc, the U.K.’s fourth-biggest mortgage lender, agreed to take over home loans from Northern Rock Plc to gain ground in the country’s shrinking mortgage market.
Lloyds TSB spokesman Kirsty Clay said the bank will assume a “substantial” proportion of Northern Rock’s 180,000 fixed-rate mortgages, about 25 percent of total loans. The agreement helps [...]

May 27th, 2008

Iceland Unexpectedly Leaves Benchmark Rate

Iceland’s central bank unexpectedly left its benchmark interest unchanged, six days after it obtained emergency funding from its Nordic counterparts to bolster the currency and quell inflation.
Sedlabanki kept the weekly lending rate at a record 15.5 percent, according to a statement on the Reykjavik-based bank’s Web site today. Three of 10 economists surveyed by Bloomberg [...]