Mortgage and Financial News From 2007-11-11 Page 12
Previous Day: 2007-11-10
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Beware the bursting housing bubble
News.com.au - Buoyed by low interest rates, financiers introduced the concept of intergenerational loans ... Sato has a constant reminder of the mania – a massive mortgage that needs to be paid back regardless of the price of his home.
2007-11-11 05:58:00 -
PM launches final pitch to families
News.com.au - ... Minister will deliver a set of tightly targeted initiatives to families and home ... exclusively for The Australian , after the Reserve Bank raised interest rates by 0 ... to develop and said families and young couples were under even greater "mortgage ...
2007-11-11 05:44:00 -
Budgeting can help you ease the pain of interest rate rises
News.com.au - So how does hiking official cash rates – and adding more to the cost of your mortgage – help? "The rationale is that if the ... Fixed-rate loans are an attractive option when interest rates are rising, but it is crucial that home loan features are ...
2007-11-11 05:51:00 -
New-and-Improved VA Mortgages Look Better in a Difficult Market
Washington Post - If you are a veteran or active-duty member of the military thinking about buying a home, keep searching for agents and mortgage lenders until ... down nearly 73 percent from the 2003 peak, when many veterans refinanced to get lower interest rates. "We ...
2007-11-11 04:33:00 -
Some S.F. neighborhoods are solid despite meltdown
San Francisco Gate - F rom the mortgage meltdown to the plunge in home sales, dark clouds continue to threaten San Francisco's seemingly endless real estate summer ... A week later, DataQuick said California was experiencing record foreclosure rates - jumping 166 percent for ...
2007-11-11 04:11:00 -
Acquisition results in huge headache
Hampton Roads Daily Press - As a result, Fulton took a $6.4 million loss when it bought back a package in July of $34.7 million in mortgage and home equity loans with high default rates. These loans were made in late 2006, when concerns about subprime loans were spurring a ...
2007-11-11 03:42:00 -
Home prices are holding steady
Rochester Democrat and Chronicle - When demand for housing fell and interest rates rose, many borrowers were stuck in homes they couldn't afford ... to rent a 1,500-square-foot condominium in Clarkstown for $2,500 a month — about $1,000 less than a mortgage payment on a small home in ...
2007-11-11 02:24:00 -
Mortgage Crisis Is Entering Campaign
The Ledger - ... new issue is emerging in the 2008 presidential race: how best to keep the mortgage ... granted to people with weak credit are scheduled to reset to higher rates by 2009 ... People who were supporting their spending with home equity loans may now be ...
2007-11-11 04:04:00 -
Campaigns discuss mortgage crisis (Houston Chronicle)
A new issue is emerging in the 2008 presidential race: how best to keep the mortgage crisis from driving millions of people from their homes.
2007-11-10 11:15:11 -
A mortgage not for faint of heart (The Charlotte Observer)
A mortgage product is emerging that could be beneficial for people who want to own their homes more quickly and save on interest. Let me say up front -- this is not for the faint of heart, and financial discipline is a must. A home ownership accelerator loan operates like a home equity line of credit. It's designed for people with good credit, who are good savers and have high monthly cash flow. ...
2007-11-11 05:47:20 -
Mortgage bill may keep states from fighting predators (The Charleston Gazette)
State consumer advocates and attorneys say a one-paragraph amendment inserted into a sweeping predatory mortgage bill in Congress on Tuesday threatens their ability to protect the homes of low-income West Virginians facing foreclosure on illegal loans.
2007-11-10 09:05:14 -
Countrywide says downgrade could weaken business
CNBC - NEW YORK (Reuters) - Countrywide , the largest U.S. mortgage lender, said in a U.S. regulatory filing on Friday, that if its credit rating dropped below its current lowest ... Countrywide would face more restrictive terms and higher rates ...
2007-11-08 03:56:00 -
Countrywide sees glimmer in gloom
Daily Breeze - I think the interest rates are favorable ... and we hear quite a bit about reduced valuations." He's right about that. Last week, the rate on a 30-year fixed fell to its lowest level in five months, according the Freddie Mac, the mortgage company. ...
2007-11-11 01:41:00 -
It's not just mortgages weighing on firms
Daily Breeze - NEW YORK - The malaise in the mortgage market is starting to spread to credit-card ... as the basis to downgrade her ratings on large banks to "cautious" - the lowest ... standards to put the squeeze on consumers at the same time unemployment rates are ...
2007-11-11 01:41:00 -
Countrywide’s Chief Salesman and Defender
Times Daily - ... into a tailspin in August, Countrywide Financial, the nation’s biggest mortgage ... In 2004, the same year when interest rates hit rock bottom and Alan Greenspan ... type of customer would benefit from such a loan. “Anyone who wants the lowest ...
2007-11-11 02:09:00