Mortgage and Financial News From 2007-11-11 Page 11
Previous Day: 2007-11-10
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Private mortgage insurance likely to remain deductible
Daily Oklahoman - Over the past five or six years, many buyers — to avoid paying PMI — took second or "piggyback” mortgages, which carry higher, but tax-deductible, interest payments. But with today's tightening credit standards, second mortgages now are ...
2007-11-10 08:40:00 -
HSBC Faces Another Hit from US Mortgages
CNBC - HSBC Faces Another Hit from US Mortgages ... was about $2 billion in the second quarter and the market has deteriorated since then, analysts have said. HSBC declined to ...
2007-11-11 06:27:00 -
Down-payment shortcut gets rare
Columbus Dispatch - WASHINGTON --The common practice of homebuyers with shaky credit taking out second mortgages for down payments is ending because there's no investor demand for securities backed by such loans. The availability of second-mortgage financing for ...
2007-11-11 03:28:00 -
Raising the roof
San Diego Union-Tribune - Home buyers who purchase more expensive homes must get what are called “jumbo loans” or second mortgages, both of which carry higher interest rates. In places such as San Diego, where home prices are above the national average, buyers face higher ...
2007-11-11 05:01:00 -
US mortgage slump won't hurt UAE banks much -cbank (Reuters via Yahoo! Singapore News)
DUBAI, Nov 11 - The United Arab Emirates expects the meltdown in U.S. mortgages to have little impact on profits of its banks because of their limited exposure to subprime home loans, the central bank said.
2007-11-10 09:33:39 -
HSBC seen facing another hit from U.S. mortgages (Interactive Investor)
Business Finance and city news online from Interactive Investor (www.iii.co.uk). Plus financial and currency market news and information 24/7. Stock prices, share prices, currency markets news and business finance headlines. Also news from AFX and Reuters.
2007-11-11 06:53:07 -
HSBC seen facing another hit from U.S. mortgages (Reuters via Yahoo! News)
Europe's biggest bank HSBC Holdings is this week expected to unveil a further big hit from its exposure to the U.S. mortgage crisis.
2007-11-11 06:17:39 -
Burkle's Coup
Slate - His interest appears mainly to be in AMI's magazine distribution company DSI, the ... Did the 2005 bankruptcy reform exacerbate the subprime mortgage crisis? Blogger (and ... It's only been in positive territory about a fifth of the time. ... 12:24 P.M. ...
2007-11-11 03:21:00 -
Anti-corruption body now the only option
Age - THE duckshoving we have seen from politicians regarding interest rate increases is ... HOWARD and Costello are about as sorry for the mortgage-paying public as a Carlton ... com.au http://www.theage.com.au/news/letters/anticorruption-body-now-the-only ...
2007-11-11 05:01:00 -
Greater savings with equity index policies is only an illusion
Dallas Morning News - Greater savings with equity index policies is only an illusion 12:00 AM CST on ... Unfortunately, just as the line-of-credit mortgage sales pitch fails to mention the ... Fund, A shares, and had paid taxes at 28 percent on all dividend and interest income ...
2007-11-10 08:47:00 -
Armchair ride to retiring
News.com.au - I would then top up the monthly shortfall by increasing the mortgage, either by a set amount or via an equity access loan. ... Talk to your lender about moving the loan to an interest-only basis, and at the same time engage a quantity surveyor to produce ...
2007-11-11 05:58:00 -
Loophole Allowed Deadbeat To Avoid Capture
KPHO - PHOENIX -- Thursday night's 5 Investigates piece exposed a man accused of ripping off Valley families by promising free government grant money to fix their homes, only to stick them with a high-interest second mortgage they never knew they signed ...
2007-11-11 05:51:00 -
Students sometimes overlook federal loans offering good deal (The Clarion-Ledger)
In the Land of Oz, there are good witches and bad witches. Likewise, in the land of borrowing, there's good debt and bad debt. A home mortgage? Good debt, because the interest is tax-deductible, your home will likely rise in value over time, and you'll have a roof over your head. A credit card loan to buy a pair of designer sandals? Bad debt, because credit card interest isn't deductible, your ...
2007-11-10 11:03:00 -
Using 401(k) for mortgage payment can worsen plight (Baltimore Sun)
You're barely keeping up with the mortgage as it is. Now the interest rate on your adjustable-rate loan is about to reset. Way up.
2007-11-11 12:46:17 -
Jackson to lead march in N.Y.: 'Save our houses'
Chicago Sun-Times - ... terms of subprime adjustable-rate mortgages to head off a massive wave of home ... to get worse as hundreds of billions' worth of ARMs reset from low "teaser" rates ... at 930 E. 50th will be open at 6 p.m. Monday to counsel people facing mortgage ...
2007-11-11 01:55:00