Strategic home defaults rising; underwater owners opting to walk away - Record-Searchlight

Strategic home defaults rising; underwater owners opting to walk away Record-Searchlight They know the damage a foreclosure will do to their credit, how it will affect their ability to borrow, and that they probably will never own another house. A foreclosure remains on a person's credit report for seven years from the date the foreclosure ... and more »

NAFCU Letter Regarding HUD And FHA Policies On Strategic Mortgage Defaults - CUinsight.com (press release)

NAFCU Letter Regarding HUD And FHA Policies On Strategic Mortgage Defaults CUinsight.com (press release) Under FHA's current policy, persons who strategically default on their mortgages will not be able to obtain another FHA loan for a minimum of three years. Comparatively, Fannie Mae has instituted a policy that prohibits a borrower that has ... and more »

Obama's unwelcome mat - New York Daily News

New York Daily News

Obama's unwelcome mat New York Daily News In fact, by continuing his trend of confusing redistribution of wealth with its creation, the effort will likely hurt both the economy and the housing market. Let's start with the impact on the economy at large. The logic is that when you lower ... and more »

First Interstate BancSystem, Inc. Reports Preliminary Results for Fourth ... - MarketWatch (press release)

First Interstate BancSystem, Inc. Reports Preliminary Results for Fourth ... MarketWatch (press release) Goodwill impairment, if any, will not adversely impact the Company's regulatory capital ratios, liquidity, cash balances or tangible equity. The Company expects to complete the evaluation of its goodwill prior to release of its Annual Report on Form ... and more »

House members line up their policy priorities - The Register-Guard

House members line up their policy priorities The Register-Guard By Saul Hubbard SALEM — State government revenues and spending aren't the only topic on the minds of lawmakers who will convene for this year's legislative session on Feb. 1. Their other concerns range from securing more independence for the ...