Thursday, December 4th, 2008
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Alta Loma California Information

By now, you probably know that living in debt is stressful. That's probably why, like so many of your fellow California residents, you have found Debt Central. When you are struggling with debt, even personal relationships can be put under strain. The simple pleasures in life get lost in the constant worry and stress. Many people try and ignore their debt problem but that just makes the problem worse.

There are numerous benefits to the debt management programs that Debt-Central.com offers to Alta Loma CA residents such as:

  • Reducing your debt by up to 50%
  • You can Reduce or eliminate interest!
  • Preserve and rebuild your credit!
  • Put a Stop harassing phone calls!
  • Relieve the pressure of financial strain
  • And so on...
  • To learn more about debt consolidation, fill out the form for your FREE consultation with a qualified counselor!



    An interesting read for Alta Loma CA residents...



    Mortgage rates drop to lowest level since January (AP)

    The Riverton Houses residential complex in Harlem, N.Y., is shown in New York, Tuesday Dec. 2, 2008. The company that owns the 1,232 unit Riverton Houses complex in Harlem said over the summer that it was in danger of defaulting on its $225 million, 10-year, interest-only mortgage. The company, Stellar Management, bought the complex in 2005 and had planned to convert more than half of its rent-regulated apartments to market rate by 2011. Tenants, however, have been reluctant to leave the pleasant development, with its long grassy mall, tree-shaded playground and marble lobbies, and local laws prevent the landlord from forcing them out or raising their rents by more than a small amount each year. (AP Photo/Bebeto Matthews)AP - Rates on 30-year mortgages plunged this week to the lowest level since January after the government launched a sweeping new effort to aid the U.S. housing market.


     
    Seabreeze's Kass favors U.S. stocks over Treasuries (Reuters)
    Reuters - Hedge-fund manager Doug Kass, who successfully shorted U.S. equities this year including shares of Fannie Mae and Freddie Mac , is now buying U.S. stocks on the belief that they have hit bottom.
     
    Toll loss narrows, shares rise sharply (Reuters)
    Reuters - Toll Brothers Inc , the largest U.S. luxury home builder, said its quarterly loss narrowed slightly as it wrote down less inventory, and its shares rose sharply as homebuilders extended a rally spurred by improved mortgage rates.
     
    UK house prices fall at fastest rate in 16 years (AP)
    AP - House prices in Britain fell at their fastest rate in 16 years during November, the country's biggest mortgage lender said Thursday, reinforcing market expectations that the Bank of England will later cut interest rates by at least another percentage point.
     
    U.S. working on affordable mortgage plan: sources (Reuters)

    A condominium is put up for sale in San Francisco, California August 14, 2008. (Robert Galbraith/Reuters)Reuters - The Treasury Department is developing a plan to try to reduce mortgage rates on home loans to 4.5 percent on typical mortgages by expanding its purchases of mortgage backed securities, sources familiar with the plan said on Wednesday.


     
    Financial industry pushes for lower mortgage rates (AP)
    AP - Financial industry lobbyists are urging the Treasury Department to take steps to lower mortgage rates and help stabilize the battered U.S. housing market.
     
    May 5th, 2008

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