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JPMorgan Chase CEO apologizes about $2 billion loss Published: Wed, May 16, 2012 Jamie Dimon, CEO of JPMorgan Chase, offered a quick but blunt apology to shareholders Tuesday for a $2 billion trading loss that “should never have happened” and survived a push to strip him of the title of chairman of the board. Read More
Three Oklahoma counties listed among least economically stressed Updated: Tue, Jun 7, 2011 The nation's economic stress fell to a two-year low in April, thanks to the strongest private-sector hiring in five years and a dip in bankruptcy filings, according to The Associated Press' monthly analysis. The improved picture for jobs and bankruptcy filings offset a slight rise in foreclosures. The easing... Read More
Walking on Mortgage Is No Underwater Escape Hatch Published: Tue, Oct 12, 2010 If you're like nearly 20 million American homeowners, you owe more on your mortgage loan than your home is worth. You probably have serious doubts that it will ever be worth what you paid for it. In a word, you're "underwater" on your home. Read More
Nearly 50 percent leave Obama mortgage-aid program Published: Fri, Aug 20, 2010 WASHINGTON (AP) — Nearly half of the 1.3 million homeowners who enrolled in the Obama administration's flagship mortgage-relief program have fallen out. The program is intended to help those at risk of foreclosure by lowering their monthly mortgage payments. Friday's report from the Treasury Department suggests... Read More
Home sales dip as housing market struggles Updated: Tue, Jun 22, 2010 WASHINGTON (AP) — The housing market may be on the verge of taking another plunge that could weaken the broader economic recovery. Sales of previously occupied homes are dipping even though buyers can still benefit from government tax credits. And nearly a third of sales in May were from foreclosures or other... Read More
Renters' home foreclosing Updated: Wed, Jun 9, 2010 My daughter and her husband have been renting this house for two years now. They found out that the house was going into foreclosure. The owner is not speaking with them, and, of course, the bank won't talk to them. They really like the house and have been making payments to the landlord, on time, every month. How... Read More
U.S. rolls out another mortgage aid plan Published: Tue, Apr 6, 2010 The government is giving it one more try -- making a new effort to help homeowners who are facing foreclosure. The HAMP -- Homeowners Affordable Modification Program -- has been thrown into the laundry hamper. Now it is being modified in an attempt to break the surge in foreclosures and the logjam in modifications.... Read More
Good News for Those Trying to Buy, Keep House Published: Tue, Nov 24, 2009 While mortgage foreclosures continue to rise along with the growing unemployment rate, there are a few small rays of hope for homeowners in trouble — and those looking to buy a home. Tax credit expansion. Last week, Congress approved the extension of the current $8,000 First-Time Homebuyer Tax Credit. Instead of... Read More
Hope for Those Trying To Buy or Keep a House Updated: Wed, Nov 18, 2009 While mortgage foreclosures continue to rise along with the growing unemployment rate, there are a few small rays of hope for homeowners in trouble — and those looking to buy a home. Tax credit expansion: Last week, Congress approved the extension of the current $8,000 First-Time Homebuyer Tax Credit.... Read More
5 steps to getting your search off the ground Updated: Fri, Feb 27, 2009 Dear Sam: I was just laid off and don’t know how to even begin a job search. What should I do to get my search off the ground? – Sarah Dear Sarah: I’m really sorry to hear that. Let me outline some basic steps to get you started in the right direction: 1. Define your purpose: what jobs do you want... Read More
Merv Griffin's company sues Ed McMahon over loan Updated: Wed, Jul 30, 2008 LOS ANGELES (AP) -- Court documents show a company founded by Merv Griffin is suing Ed McMahon for a $100,000 loan it claims has gone unpaid. The Griffin Group Inc. claims it loaned the money to McMahon, Johnny Carson's sidekick on the "Tonight" show, in 2005. The company filed the suit on Thursday and... Read More
Realtors say existing home sales rose in July Updated: Mon, Aug 25, 2008 WASHINGTON (AP) -- Sales of existing homes rose 3.1 percent in July, surpassing expectations, as buyers snapped up deeply discounted properties in parts of the country hit hardest by the housing bust. However, the number of unsold properties hit an all-time high, the latest indication that the worst... Read More
US foreclosure filings surge 55 percent Updated: Tue, Feb 26, 2008 WASHINGTON (AP) -- The number of homeowners stung by the dramatic decline in the U.S. housing market jumped last month as foreclosure filings grew by more than 50 percent compared with the same month a year ago, according to data released Thursday. Nationwide, more than 272,000 homes received at least... Read More
Homeowner rescue awaits President Bush's signature Updated: Sat, Jul 26, 2008 WASHINGTON (AP) -- Congress approved mortgage relief for 400,000 struggling homeowners Saturday as part of an election-year housing plan that also aims to calm jittery financial markets and bolster the sagging economy. President Bush said he would sign it promptly, despite reservations. The measure,... Read More
Bernanke urges more action to stem home foreclosure crisis Updated: Tue, May 6, 2008 WASHINGTON (AP) -- A rising tide of late mortgage payments and home foreclosures poses considerable dangers to the national economy, Federal Reserve Chairman Ben Bernanke warned anew Monday as he urged Congress to take additional steps to alleviate the problems. "High rates of delinquency and... Read More
Congress Readies Activist Housing Agenda Updated: Sun, Mar 30, 2008 WASHINGTON (AP) -- Congressional leaders are racing to push through an array of election-year housing measures that already have stirred up much political wrangling and the White House is examining its own plan to further help homeowners caught in the mortgage meltdown. With foreclosure signs prevalent... Read More
Clinton Links Her Fate to Economy Updated: Wed, Feb 27, 2008 ZANESVILLE, Ohio (AP) -- Hillary Rodham Clinton spent almost three hours Wednesday trying to persuade a college gym full of Ohioans that her detailed plans to revive the failing economy can also resuscitate her dwindling campaign for the Democratic presidential nomination. "Obviously, the economy is the... Read More
New Mortgage Foreclosures Set Record Updated: Thu, Sep 6, 2007 WASHINGTON (AP) -- The number of homeowners receiving foreclosure notices hit a record high in the spring, driven up by problems with subprime mortgages. The Mortgage Bankers Association reported Thursday that mortgage-holders starting the foreclosure process in the April-June quarter reached 0.65... Read More
State ranks fifth in tech jobs Updated: Fri, Jul 7, 2006 Oklahoma ranked fifth in the nation last year in high-tech job growth, largely because of expansion in the commercial aircraft and transportation equipment business, according to an economic profile released Thursday by the Federal Deposit Insurance Corp. Tulsa’s aerospace cluster has provided much of the boost... Read More
Rising rates put pressure on adjustable loan holders, risking foreclosure spike Updated: Tue, Jun 20, 2006 As more adjustable rate mortgages adjust upward and housing prices begin to dip, many Americans can’t refinance and are finding themselves trapped in too-high monthly payments. For those who can’t make their payments, foreclosure is the only way out. Foreclosure figures just released by the Mortgage Bankers... Read More
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