February 17, 2012 |
THE NEW anime version of "The Borrowers," titled "The Secret World of Arrietty" by screenwriter and "supervisor" Hayao Miyazaki, has the fascination with household "spirits," the same lovely color palette and attention to detail for which his films are famous. But Miyazaki, director of "Ponyo," "Spirited Away" and "My Neighbor Totoro," didn't direct this Studio Ghibli film. Perhaps that is why it lacks his sense of whimsy, that little sprinkling of Miyazaki magic that the Japanese director has given his best work over the decades.
January 24, 2006 |
Hundreds of thousands of consumers who borrowed money from Ameriquest Mortgage or its sister companies may be eligible for a share of nearly $300 million in restitution for what state officials contend were unfair, deceptive or predatory practices in loans to borrowers with shaky credit. Under a settlement announced yesterday by officials from 49 states where the companies do business - every state but Virginia - the companies agreed to compensate borrowers and to alter lending practices, but they did not acknowledge any wrongdoing.
February 7, 2001 |
Predatory lenders prey on the low-income, elderly and minority populations who are often our most vulnerable citizens. No one wants to see people lose their savings or their homes. The question is what should be done. The Federal Reserve System has been struggling for several years to protect unsophisticated borrowers from abusive lending without eliminating subprime lending that serves consumers who have blemishes on their credit records and are therefore considered higher-risk borrowers.
March 29, 2013 |
Seriously delinquent borrowers with mortgages owned or backed by Fannie Mae and Freddie Mac will be able to reduce their monthly payments without documenting their finances, under a program introduced by the companies' regulator. The move announced Wednesday by the Federal Housing Finance Agency is designed to stem losses to the U.S.-owned firms by letting borrowers at least 90 days behind on their mortgages bypass the administrative hurdles of typical loan modifications. Homeowners may still give their lenders documents on financial hardships, and can save more money by doing so, the agency said.
January 8, 1991 |
From the $2 million home he rented until recently in Southern California, Richard H. Rossmiller could see his Porsche, his Mercedes Benz, his MG and his two Jeep Wagoneers. He could sip from a wine collection worth several hundred thousand dollars. He could contemplate his new business venture, developing land just south of the border, in Mexico. He could also leaf through the two-inch-thick court filing in which he says he is bankrupt, that he has no valuable possessions and no way to repay the $100 million he borrowed from Hill Financial Savings Association in Red Hill, Montgomery County, Pa., which failed in October 1989.
June 24, 1990 |
Home buying in the 1990s may prove as complicated as ever, but real estate lenders are trying to simplify things for borrowers, industry officials say. Convenience and ease of use will prompt changes in everything from loan forms to appraisals to home refinancing, officials told a recent meeting of the National Association of Real Estate Editors. Mortgage disclosure forms, for example, offer little enticement for borrowers to read them. These are the pages of fine print given out at loan settlements that explain how and when payments on adjustable-rate mortgages change, or detail other terms of the mortgage.
August 9, 2013
Washington legislators don't seem to agree on much anymore, but they recently found common cause in a bill that stands to benefit consumers. The House and Senate voted overwhelmingly for legislation to tighten controls on reverse mortgages, which homeowners over 62 can use to supplement their retirement incomes. The legislation would help ensure that borrowers can actually afford the loans. It would also cap the level of borrowing and help prevent the popular, federally insured program from going bust.
June 30, 1989 |
A Texas mortgage company accused two years ago of reneging on its agreements with borrowers and charging them higher interest rates has agreed to make restitution to 28 Pennsylvania consumers, the Pennsylvania Attorney General's Office said yesterday. Lomas Mortgage USA of Dallas has already paid the borrowers $87,384 and has agreed to contact 60 other borrowers and offer them cash settlements if they were not granted the mortgage rate quoted to them when they applied, according to Daniel R. Goodemote, attorney in charge of the Erie office of the state Bureau of Consumer Protection.
December 19, 2010 |
Today's home buyers appear to be unwilling to comparison-shop for just the right mortgage, despite having to navigate a still-roiling real estate market. At least, that's what LendingTree.com found in an online survey of 1,317 homeowners conducted in September by Harris Interactive Inc. Survey results showed that, although 96 percent of those responding said they compared prices when shopping for anything, 40 percent obtained just a single quote before settling on a mortgage. By contrast, consumers researched an average of 3.1 models before buying a computer, LendingTree said.
February 23, 1992 |
When a patron of the Grundy Memorial Library in Bristol Borough took out a videocassette of the movie classic The Ten Commandments for a two-day rental last year, that person wound up violating the biblical commandment "Thou shalt not steal" by failing to return it. But library officials are willing to let the borrower repent, no questions asked and no fine, by returning the tape this week. Grundy Library is offering the amnesty program in conjunction with its move to a computerized catalogue system.