Archive for August, 2009

Foreclosures don’t spare the house of God (Spartanburg Herald-Journal)

Monday, August 31st, 2009

Published: Saturday, December 27, 2008 at 5:17 a.m. Last Modified: Saturday, December 27, 2008 at 7:00 a.m. After years of renting makeshift quarters, Seabreeze Church finally bought a permanent home in 2004 — a five-acre former tennis club in a beachside Southern California town.source

Gov: Credit rules could cost state thousands of jobs (Rapid City Journal)

Sunday, August 30th, 2009

The head of Sioux Falls-based Premier Bankcard said the company is "extremely disappointed" with a new federal rule that limits fees charged on credit cards offered to high-risk borrowers.source

News Briefs – 12/24 (The Daily Record)

Saturday, August 29th, 2009

Municipal Mortgage & Equity LLC, of Baltimore, or MuniMae, a provider of debt and equity financing for developers and owners of real estate and clean energy projects, announced the sale of its Agency loan operations to Oak Grove Commercial Mortgage LLC, a newly formed subsidiary of Mud Duck Equities LLC. ...

Laid-off OFWs in Taiwan are poor again (Cebu Daily News)

Friday, August 28th, 2009

ANGONO, RIZAL—Americans were already defaulting on home payments when Gertrudes Capili mortgaged her modest farm near Manila to help send her two granddaughters to Taiwan.source

Don’t let scam artists cash in at your expense (KSLA-TV Shreveport)

Thursday, August 27th, 2009

Think of a headline about the financial crisis, and criminals have found a way to exploit it. Bad credit? Bank problems? Home foreclosures? Each of these, and many more, comes with a matching scam, helping make today one of the most fertile periods ever for rip-offs.source

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