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Banks, raters face subprime lawsuits and new rules (Reuters)
Reuters - The U.S. subprime mortgage crisis has sparked more than 250 class action suits against Wall Street banks and rating companies and will lead to rising regulation in 2009, top litigators said on Thursday.
 
October housing starts at record low (Reuters)

Construction starts on new homes fell to a record low in October, as did new applications for building permits, a report by the Commerce Department showed on Wednesday, signaling that the national housing downturn may extend well into the future. (Graphic/Reuters)Reuters - Construction starts on new homes fell to a record low in October, as did new applications for building permits, a report by the Commerce Department showed on Wednesday, signaling that the national housing downturn may extend well into the future.



 
Homebuilder, REIT shares tumble as recession spreads (Reuters)

Robert Toll, Chairman and Chief Executive Officer of Toll Brothers Inc., answers questions during the Reuters Housing Summit, in New York, February 20, 2008. (Chip East/Reuters)Reuters - The shares of big U.S. homebuilders and real estate companies alike slumped on Wednesday as housing starts fell to a record low and concerns spread the commercial real estate market is going the way of residential.



 
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.



 
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.
 

How To Repair Credit Results

Starting Credit Repair the Right Way
Are you trying to get your credit repair efforts underway? If you don't start out with the right credit reports and scores your credit repair efforts may fail. You will be surprised at what you read here!
 
Using Credit Cards For Emergency Purchases Responsibly
Credit cards can be a great thing, but if you fall into debt with them, you will soon learn the down side about creditors. Creditors have loaned money in the form of credit lines to consumers, often in the form of major credit cards. When you do not pay off your credit card balance in a timely manner, these creditors turn over your account to collection agencies, and finally it goes to court.
 
Should You Get a Business Credit Card?
If you have decided to make blogging a business venture, you might be considering obtaining a business credit card. There are many perks to having a business credit card, but you also need to be careful when selecting one in order to make sure you are getting the card that will serve you and your business the best.
 
Don't Wait - Dump Your Credit Card Machine Now
In Canada cash has recently been replaced as the favorite form of retail payment. Studies predict that soon the United States will follow this trend and their customers will be using DEBIT/ATM cards more than any other form of retail payment. With the coming credit crunch, the credit card companies are lowering the credit limits of their card holders.
 
Why You Need to Maintain a Squeaky Clean Credit Report
In today's economic times, it is more critical than ever to keep your credit report squeaky clean so that you don't have problems when you apply for a loan or mortgage. There may be errors in your credit report, and some credit card companies are playing games which could make a severe negative impact on your credit report if you are not watching it.
 
How to Apply For an Australian Credit Card Online
The online application process for a credit card can be completed in a few easy steps saving you time and headaches involved in long queue at the bank and on the telephone. If you are interested in applying for a credit card online all you have to do is search and compare, be eligible with the banks criteria, provide personal details and fill in the online application form.
 

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