June 26, 2009
Mortgage applications in the United States have increased significantly from previous months.
Wired PR News – The demand for home loans has reportedly increased, showing possible signs of recovery for the housing market. As reported by Reuters, the Mortgage Bankers Association stated Wednesday that the number of mortgage applications in the U.S. has risen after a […]
June 4, 2009
Millions Stretched Themselves Financially, Face Painful Adjustment, Default, Foreclosure - as Payments on Adjustable Rate Mortgages Reset.
Newport Beach, Calif. (WiredPRNews.com) — Adjustable rate mortgages (Pay Option ARM’s) were widely used in the hot housing market of recent years. Many households that took advantage of “Option Pay” loans or “teaser rate” loans – types of adjustable […]
May 29, 2009
Twelve percent of homeowners in the U.S. are delinquent in mortgage payments or foreclosed.
Wired PR News – A record number of homeowners in the United States are reportedly dealing with major financial issues in regards to keeping their homes. As reported by Reuters, 12 percent of U.S. homeowners ended the first quarter in foreclosure […]
April 30, 2009
The High Court will hear a case regarding the power of states to investigate bank discrimination.
Wired PR News – The Supreme Court is set to hear a case regarding the power of states to investigate discriminatory lending practices of banks. As reported by the Associated Press (AP), the High Court will hear arguments pertaining to […]
April 28, 2009
Charges have been filed against five individuals for a scam that defrauded over 1,000 mortgage holders in Maryland.
Wired PR News – Five people have been charged in connection with a scam that defrauded millions of dollars out of mortgage holders. As reported by the Associated Press (AP), a group of individuals with the Maryland based […]
April 24, 2009
David Kellermann was reportedly found dead Wednesday at his home.
Wired PR News – Acting Chief Financial Officer of Freddie Mac David Kellermann was found dead in what police state appeared to be a suicide. As reported by the Associated Press (AP), Kellermann was found on Wednesday in his home in Reston, Virginia.
As noted by the […]
April 10, 2009
Wells Fargo posts surprising profit numbers for the first quarter.
Wired PR News – News of Wells Fargo’s first quarter profit numbers came as a shock to many. As reported by CNNMoney.com, the San Francisco based company has stated that it anticipates $3 billion in earnings for the first quarter, which led to a 30 percent […]
March 25, 2009
The Dow saw huge jumps after the White House released news of their toxic bank assets plan.Wired PR News – Wall Street investors reacted positively to White House news on Monday regarding a plan for dealing with bad bank assets. As reported by the Associated Press (AP), the Obama administration will purportedly take over an […]
March 15, 2009
More and more of the nonprofit entities are being forced to halt construction and other projects due to financial issues.
Wired PR News – The recession has affected the circumstances of many churches throughout the nation. As reported by the Associated Press (AP), several pastors are now struggling to keep their places of worship because of […]
March 10, 2009
An estimated 2 million jobs remain open despite recession.
Wired PR News.com – Millions of job losses have been reported over the last year, however, several companies are still looking to fill positions. As reported by the Associated Press (AP), government data has revealed that nearly 2 million openings are available across different industries.
Despite the numerous […]
