Lenders are using a variety of tools to prevent mortgage fraud
Websites and other tools can help nab fibbers who just want to buy a house, as well as out-and-out perjurers looking to bilk lenders out of hundreds of thousands of dollars. Don’t even think about fudging on your application for a mortgage by inflating your income a tad, checking the box to indicate you’re going [...]
EU Seeks Views on Writedown Plan for Crisis-Hit Lenders – BusinessWeek
The EU may opt to place banks’ longer-term senior unsecured debt in the firing line for losses ahead of shorter-term senior claims, according to a consultation document published on the EU’s website. Liabilities with a maturity of less than one …
Bad Credit Loan Lenders to fill Your debt Completely – PRLog (free press release)
Although a low credit score does not completely cut you off from accessing financial funding, your options will be limited. This means that you may find it rough when applying for some loans as you will get some very unfavorable terms and there are even …
3i Infotech Gets Approval From Lenders’ Group to Restructure Debt – Wall Street Journal
In a statement, 3i said the group has cleared a plan to convert 15% of its total secured debt and 20% of unsecured debt into equity, or compulsorily convertible preference shares. It will also get a two-year moratorium, from last Oct. 1 …
Bad credit installment loan lenders When You Are In Debt – PRLog (free press release)
If you know that you can’t afford a lump sum for the amount that you are applying for, you should search for lenders who will allow you to honor your debt in installments. One common feature with bad credit loans is higher interest rates resulting to …
Avoid the rip-off lenders and turn to free advice to get out of debt trap – Daily Mirror
Millions more families have started the new year with a financial hangover as Christmas has pushed them into a debt spiral. Typical unsecured family debt is now £7,944, up a staggering 48% in the past year from £5,360 last January, according to …
Lenders extend overdue loan on Met Park East office tower
The owner of Metropolitan Park East, a 20-story office tower in Seattle’s Denny Triangle, has reached agreement with its lenders to extend a loan on which it defaulted 10 months ago.
Foreclosures slow to trickle as lenders shift strategy – msnbc.com
A sharp slowdown in the pace of home foreclosures may help ease the financial burden on bankers by helping them unload a glut of repossessed homes more slowly and delay booking losses from the sale of distressed properties. But it will do little to help …
Fewer homes in Mass. lost to lenders
Home foreclosures in Massachusetts kept falling in May, with the month registering the lowest number of property seizures so far this year, according to new data released yesterday.
Some lenders allegedly deny mortgages to women on maternity leave
Two new legal actions by federal fair lending regulators suggest the mortgage industry needs to address the issue of possible discrimination against women who are pregnant or on maternity leave. Should being pregnant and taking maternity leave ever be reasons to be turned down for a home mortgage or having your loan closing postponed?