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Finance > Call Loan Rate
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Proposition 200: Payday loan reform act
Published October 6, 2008, 3:03 pm, Ahwatukee Foothills News
Supporters call Proposition 200 the "Payday loan reform act," but in reality it is the payday loan extension act, since today's state law will terminate all Arizona payday loan licenses on July 1, 2010.
Countrywide settlement gives 8,000 Ohio homeowners a break
Published October 6, 2008, 2:59 pm, The Plain Dealer
More than 8,000 Ohio homeowners who got lousy high-rate loans from the largest mortgage lender in the nation will soon get a break. Countrywide Financial, in a settlement with Ohio and 10 other states, agreed to reduce interest rates and,...
Bank of America settles suits over bad mortgages
Published October 6, 2008, 2:50 pm, WCNC Charlotte
CHARLOTTE, N.C. -- Relief is on the way -- this time not for Wall Street, but from Wall Street for struggling homeowners.
Countrywide To Pay $8.7 Billion To 11 States
Published October 6, 2008, 2:45 pm, CBS 2 Chicago
Illinois Attorney General Lisa Madigan on Monday announced an $8.7 billion settlement in a predatory lending lawsuit her office filed against mortgage lender Countrywide. Under the settlement nearly 21,000 Illinois residents could get some relief with their mortgages, CBS 2's Jim Williams reports.
Texas Attorney General Reaches Bailout Agreement With Countrywide
Published October 6, 2008, 2:30 pm, FOX 26 Houston
Texas Attorney General Greg Abbott and six other state attorneys general on Monday reached a nearly $8 billion agreement with Countrywide Financial Corp to help bailout some homeowners threatened by foreclosure.
Avis Credit Risk Soars on Debt Costs, Travel Slowdown (Update2)
Published October 6, 2008, 2:22 pm, Bloomberg
Oct. 6 (Bloomberg) -- The cost of protecting bonds of Avis Budget Group Inc. from default increased the most in at least four years last week on concerns that the economic slump will hurt travel and rising interest rates will raise borrowing costs.
Bank of America Announces Third Quarter Earnings and Capital Raising Initiatives
Published October 6, 2008, 1:56 pm, PR Newswire via Yahoo! Finance
Bank of America Corporation today reported third quarter 2008 net income of US$1.18 billion, or US$0.15 per share, down from US$3.70 billion, or US$0.82 per share, a year earlier.
Bank Writeoffs May Rise, Bond Spreads Fall on TARP (Update3)
Published October 6, 2008, 1:53 pm, Bloomberg
Oct. 6 (Bloomberg) -- The U.S. Treasury's $700 billion plan to rescue the nation's banks from the subprime mortgage debacle may help bonds rebound from losses of at least 90 percent while contributing to writedowns at financial institutions.
Countrywide to set aside $8.4 billion in loan aid
Published October 6, 2008, 1:52 pm, Spartanburg Herald-Journal
Published: Monday, October 6, 2008 at 5:23 a.m. Last Modified: Monday, October 6, 2008 at 10:09 a.m.
Reverse Mortgages: Saviors for Seniors
Published October 6, 2008, 1:44 pm, Crestline Courier
In this issue The Mountain News presents the fourth installment in a multi-part series on economic topics affecting the mountains. This week we look at reverse mortgages, who they benefit and how they work.
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