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National City 2nd-quarter loss swells to $1.8 billion as bad loans pile up (Canadian Business)
Stephen Bernard July 24, 2008 - 09:17 a.m. NEW YORK (AP) - Regional bank National City Corp. on Thursday reported a $1.76 billion loss for the second quarter, as mortgage loans soured and it took a big charge related to previous acquisitions.
Equity-sharing the American Dream (San Jose Mercury News)
Equity-sharing proposal may provide relief for threatened homeownersFederal legislative relief for the nation's housing crisis contains a provision that could turn a rarely used home-financing option equity sharing into a key steppingstone on the path of homeownership.
Stocks Tumble on Grim Home Sales, Earnings (BusinessWeek)
A bigger-than-expected drop in existing home sales and Ford's worst earnings report ever weighed on the market
Valley National Bank Ranked 8th Best Performing Home Equity Portfolio by SNL Financial (PR Newswire via Yahoo! Finance)
Valley National Bancorp , the holding company for Valley National Bank, announced that SNL Financial ranked Valley's home equity loan portfolio the 8th best-performing portfolio among publicly traded banks and thrifts with more than $100 million in home equity lines of credit on their books during the twelve months ended March 31, 2008 based on a combination of low delinquency rates and net ...
You have to be proactive to seek out scholarships (Farmington Observer)
It's hard to believe that summer is more than halfway over and before you know it kids will be heading back to school. Since home equity loans are no longer a viable alternative for many, the question of where to get money for college this fall becomes an issue many families will face.
Valley National Bank Ranked 8th Best Performing Home Equity Portfolio by SNL Financial (Fox News)
Valley National Bank Ranked 8th Best Performing Home Equity Portfolio by SNL Financial
Use of home equity hits a four-year low (MSNBC)
The amount of money Americans pulled out of their homes is at a four-year low as homeowners battle falling home values and stricter standards among lenders, Freddie Mac said Thursday.
Sovereign Q2 profit falls on soured loans (Philly.com)
Sovereign Bancorp Inc., the second-largest U.S. savings and loan by assets, said second-quarter profit fell 14 percent as it set aside more money to cover soured loans.
Homeowners close equity spigot (CNN Money)
Freddie Mac reports that the amount of money Americans pulled out of their homes fell to a four-year low during the first half of the year.
National City 2nd-quarter loss swells to $1.8 billion as bad loans pile up (Canadian Business)
CLEVELAND (AP) - Regional bank National City Corp. on Thursday reported a huge loss for the second quarter, as mortgage loans soured and it took a big charge related to previous acquisitions.