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UK mortgage lending down 44 pct from a year ago (AP)
AP - Mortgage lending in Britain was down 44 percent in October compared to a year ago, further evidence the economic downturn is hurting an already weak property market, the Council of Mortgage Lenders said Thursday.
 
Regulator halts Fannie housing fund contributions (Reuters)
Reuters - Fannie Mae , the largest provider of money for U.S. home mortgages, on Tuesday said its federal regulator suspended a mandate to set aside money for a housing trust fund.
 
U.S. probing Golden West lending, sale: prosecutor (Reuters)

Pedestrians walk outside Wachovia corporate headquarters in Charlotte, North Carolina, October 22, 2008. (Chris Keane/Reuters)Reuters - The government is investigating if homeowners were misled by California bank and mortgage issuer Golden West Financial, which was acquired by Wachovia Corp -- another possible victim.



 
Senate to probe bond-ratings firms: report (Reuters)

Senator Norm Coleman speaks at the second session of the 2008 Republican National Convention in St. Paul, Minnesota September 2, 2008. (Brian Snyder/Reuters)Reuters - A U.S. Senate subcommittee is opening a probe into causes of the global financial crisis, focusing in part on whether bond-ratings firms, driven by conflicts of interest, boosted mortgage investments which have since collapsed, the Wall Street Journal said.



 
Freddie Mac could lose $20-$40 billion in 2009: Friedman (Reuters)

The headquarters of mortgage lender Freddie Mac is seen in Mclean, Virginia, near Washington, September 8, 2008. (Jason Reed/Reuters)Reuters - Freddie Mac could post losses totaling $20 billion to $40 billion in 2009, hurt by higher credit costs and write-downs in mortgage assets, an analyst at Friedman Billings Ramsey said.



 

Credit Repair Kits Results

Student Credit Cards - A Wise Move?
Teaching our children life lessons of the financial world should be a high priority. Personal finance lessons taught with the proper use of a credit card can be invaluable.
 
Will Rate Shopping Hurt My Credit Score?
When car-shopping, it is natural for most people to visit several dealerships and check out different cars and ask for finance options. Every time you ask for what kind of financing you can get, the dealership does a credit check on you and an inquiry is placed on your report.
 
Debt Constipation
Constipation and debt consolidation have a lot in common (besides sharing a few letters). Think about it. You eat. Your food gets processed. And if you’re healthy, you get rid of it. Debt...

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Free Balance Transfer Credit Cards
Some of the time you will find that if you go to one card they will only accept one type or credit card, just as you may find for another store with yet another card. This can lead to a person having many different credit cards simply to be able to do their everyday grocery shopping or to fulfill their other needs.
 
Problems Getting a Mastercard With a Poor Credit Score
In these current times despite a poor credit rating it is still feasible for someone to obtain a credit card from the multitude that currently flood the market. However, people who are finding themselves in a poor credit situation will find that Mastercard and Visa are the two companies most likely to agree to issuing a card. The question is really, what guarantees a bad credit Mastercard a superior choice to try for before Visa?
 
The Basics of Credit and What You Need to Know
Most people don't know what their credit score is or what is on their report. This is dangerous and the bad part is that those that do know probably don't understand their credit all that well.
 

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