Credit crisis slows financing for wind farms

... and on-stage interview with Yuliya Chernova, editor of Dow Jones' Clean Technology Insight. To weather the downturn, BP and other companies will have to fund those wind farms and solar-power plants using equity financing. They then can refinance when ...

Blip in U.S. housing sales is hardly a turnaround

WASHINGTON -- This we know: The U.S. housing slump will eventually bottom out. The rate of foreclosures will slow. Prices will rise again as vacant homes are scooped up. Home builders will get back to work. And the one-time engine of the world's most ...

Want to forgo a Realtor to save money? Plan to do more work

After three years in their 3,000-square-foot Macomb Township home, Judy and Roger Aitkenhead wanted to downsize. The retired couple said they spent too much time maintaining the mostly unused house. They also needed a cheaper mortgage payment to free ...

Credit cards, home equity debt put borrowers in hole

A lot of people were taking a home equity loan to pay off their high-interest credit cards," Scott said. "When house values were going up, they could take out more equity. As these values start to go down and the credit-card balances go up, they get ...

Lessons gleaned from the collapse

Jory Watland, a longtime affordable housing advocate and chairman of the Kalihi Valley Neighborhood Board, said the situation is appalling and sheds light on how renters are being forced to get by in Hawai'i's pricey housing market. In 2007, for the ...

Don't look to state for help

Her family used $12,000 from a home equity loan last year to pay for dental work for her husband. "What are our elected officials going to do for us? They really need to put a freeze on property taxes. People are losing their homes. There are going to ...

Historic St. Johns mint farm comes up short

The Free Press reported Thursday that Crosby is close to losing the farm to foreclosure. His lender, Greenstone Farm Credit Services, reserves the right to liquidate assets because not enough to cover the $348,000 debt was raked in, Crosby said. "In ...

Iowans face new hurdles in getting credit

Iowa State Bank in Algona has tightened lending standards on home loans, President Tom Larson said, because it sells them directly to Fannie Mae, which tightened its standards earlier this year. Fannie Mae told lenders in April it will require a ...

Myth busting: Bossier or bust?

Anyone who is tracking the national housing picture would have expected those kinds of declines," said Stonecipher, who noted the area was fortunate the housing slump was not as severe as that experienced on the West Coast or Florida. "You're not ...

10 ways to protect your family in a financial crisis

Do not use a home-equity loan as an emergency fund, your personal bank, or a short-term investment strategy, said Mike Peterson, spokesman for the American Credit Foundation. He said going further into debt because of an emergency situation only ...

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