Mortgage and Financial News From 2007-12-16 Page 16
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FDIC insurance protects family bank deposits (The Fort Collins Coloradoan)
An investor/saver perusing the financial section of the daily newspaper is likely to find an article on the subprime mortgage muddle and resulting credit squeeze.
2007-12-16 04:07:00 -
Check the malls (and fill my trolley)
Age - Total household debt — made up of credit card debt, personal debt and mortgages — is currently worth almost as much as the ... The idea is that you get a huge reverse mortgage and spend up, but that only works if house prices keep rising. And it's not ...
2007-12-15 04:42:00 -
CBI PREDICTS ECONOMIC DOWNTURN
Daily Express - This should lead to interest rates continuing to fall, making mortgages more affordable. But the CBI is not expecting the ... believes this 80 per cent rise will harm millions of small businesses and will urge Chancellor Alistair Darling to reverse ...
2007-12-16 03:51:00 -
Thomas Voting Reports
Billings Gazette - ... with the actual increase varying by region; makes it easier for qualified holders of problem loans to refinance into FHA-backed mortgages, increases funding of mortgage-counseling services; and expands the availability of "reverse mortgages" for ...
2007-12-16 12:31:00 -
Tar Heel Tally (The News & Observer)
How North Carolina lawmakers voted in Congress last week..
2007-12-15 11:48:37 -
How your U.S. lawmaker voted (Seattle Times)
Here's how the state's members of Congress voted on major roll calls in the week ending Friday. House 2008 intelligence budget By a vote...
2007-12-16 12:39:09 -
Assets don't add up to 2-home lifestyle
Los Angeles Times - Their credit cards are paid off, so their only debt is $445,000 in mortgages. So, what's the problem? They've worked so hard ... She has spent more than 20 years on "my passion," teaching English as a second language. For the last 11 years, Gaer has ...
2007-12-15 11:55:00 -
Jay Nussbaum's off the 'Wall' book promotion
Newsday - This is my second novel. If the first one taught me anything, it's 'Don't ever rely on succeeding as a novelist in the 21st ... centers on a young attorney at a Manhattan law firm whose clients include a company that brutally forecloses on home mortgages ...
2007-12-16 12:31:00 -
AP Top News at 4:13 a.m. EST
Newsday - ... the Plains across the Midwest on Saturday, snarling road and air travel and leaving at least two people dead, as the second ... WASHINGTON (AP) -- People taking out home mortgages may gain new protections soon against shady lending practices as the ...
2007-12-16 01:06:00 -
Tax change may spark house selling surge
Times Online - FEARS are growing that an overhaul of the tax rules for buy-to-let investors and second-home owners could lead to a surge ... Also in Property & Mortgages
2007-12-15 04:38:00 -
Neighborhood families behind fare at Kabuto
Charlotte.com - It was pure second mortgages and third mortgages -- and no money from our family. Our family in Mexico is poor." The new owners have maintained Kabuto's extensive sushi offerings as well as its signature tableside cooking and banter. "The sushi is ...
2007-12-16 02:39:00 -
Borrowers must pass tests to qualify for a rate freeze (Baltimore Sun)
Kenneth Harney -- Nation's Housing It may be the only test you flunk if you score too high: It's called the "FICO Test" and it is a key element of the sometimes arcane new guidelines governing which homeowners qualify for "fast track" interest rate freezes on their subprime mortgages, and those who don't.
2007-12-16 12:50:17 -
Canadian Commercial Paper Group Misses Deadline (Update1) (Bloomberg.com)
Dec. 15 (Bloomberg) -- A group representing investors holding about C$35 billion ($34.4 billion) of frozen asset- backed commercial paper in Canada missed its deadline for a second time to restructure the debt into longer-term notes.
2007-12-15 01:30:47 -
How Bush's loan-help plan works (The Morning Call)
| It may be the only test you flunk if you score too high: It's called the ''FICO Test'' and it is a key element of the sometimes arcane new guidelines governing which homeowners qualify for ''fast track'' interest rate freezes on their subprime mortgages, and those who don't.
2007-12-16 12:32:51 -
Foreclosure scams prey on uneducated homeowners (Everett Herald)
Freddie Mac is hoping YouTube can help prevent troubled borrowers from losing their homes, or at least preserve their equity. The company, one of the nation's largest investors in residential mortgages, has produced a two-minute video that is has posted on the popular Internet site at www.youtube.com/avoidfraud . The company said it wanted to try a different way to reach homeowners.
2007-12-16 12:12:25