Mortgage and Financial News From 2007-12-16 Page 17
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Commercial mortgages keep family firm afloat (Daytona Beach News-Journal)
The residential real estate bubble may have burst, but a broker at one local mortgage company said he is still percolating with commercial real estate success.
2007-12-15 11:07:06 -
Can I be forgiven my chancel indemnity?
Guardian Unlimited - Birmingham Midshires says it asks for chancel indemnity insurance only when solicitors recommend it. ... HSBC admits its employee should have spotted the correct end date and not quoted new mortgage deals. It has refunded £430 plus interest.
2007-12-16 02:11:00 -
Good for Goldman but who are the losers?
Daily Telegraph - ... hedged all of its $1bn exposure to mortgage ... attracted unprecedented levels of interest - but with most City bankers steeling themselves for bad news on bonuses, there are likely to be far fewer buyers of these paintings next year.
2007-12-16 02:25:00 -
Money-market funds: Are they safe these days?
Seattle Times - ... in assets from investors who expect to get their principal back with interest. Some ... The SIVs got burned by owning soured mortgage debt and by fears that the mortgage ... If you selected the money-market fund only because it had the highest yield, the ...
2007-12-16 12:16:00 -
Senate approves FHA aid for some
Chicago Tribune - Meanwhile, the White House last week announced it had negotiated an agreement with mortgage companies to freeze interest rates for certain subprime mortgages for five years. The only senator to vote against the bill was Sen. Jon Kyl (R-Ariz.). More ...
2007-12-14 11:56:00 -
Rab Capital not so special
Daily Telegraph - ... retrieving something from his cavalier decision to buy into the crippled mortgage ... The huge losses on Richards' 6.6 per cent stake in Northern Rock only begin to ... by performance fees tied to the calendar year have a particular vested interest in ...
2007-12-16 02:25:00 -
Top WaMu lawyer out as its legal issues grow
Seattle Times - ... Seattle-based WaMu, which is reeling from rapidly climbing losses in the mortgage ... the energy bill now pending in D.C. there's a special provision that could only ... reports the energy bill contains language to make U.S. taxpayers pay the interest on ...
2007-12-16 12:16:00 -
The lowdown on new mortgage rate freeze
The State - I’ve been paying interest only during the teaser period. Does my payment freeze too, or do I have to start paying ... His monthly payment would work out to $612.24 in principal and interest, plus $43.12 in mortgage insurance payments. Total: $653.36.
2007-12-15 10:50:00 -
How a boom was dashed on the Rock
Guardian Unlimited - ... Virgin and Olivant seem to have no miracle cure - and that means the only remedy ... And the Bank of England's latest 0.25 percentage point fall in interest rates had a ... At least half of its deposits, and 80 per cent of its mortgage flow, has disappeared ...
2007-12-16 02:11:00 -
Capitol Federal stands steady amid mortgage industry meltdown
Kansas City Star - In the chaos of the mortgage market, scores of lenders have collapsed. Wall Street chieftains have fallen. Foreclosure ... Although it bought some adjustable-rate mortgages and loans that required only interest payments for a while, it set limits ...
2007-12-15 03:48:00 -
News Minute: Wintry blast...Presidential endorsements
WDAM-TV - The Latest in House and Home House & Home Main Today's Mortgage Rates In the Know Movie Listings Personal Finance This Week in Money ... He says he used human growth hormone only to recover from the surgery and not to enhance his performance. Pettitte is 1 of ...
2007-12-15 09:39:00 -
Redemption rights in a mortgage process
Economic Times - The property mortgaged is only a security for the payment of the money lent. The mortgagor is entitled to get back his property on payment of the principal and interest after the expiry of the due date for the repayment of the mortgagee's money. This ...
2007-12-16 01:14:00 -
'Tests' to decide who gets sub-prime mortgage relief
Daily Pilot - WASHINGTON -- It may be the only test you flunk because your score is 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 ...
2007-12-16 01:42:00 -
David C. John (Los Angeles Times)
Discussion of homeowners' mortgage relief plan. The Bush administration's plan to provide relief to homeowners facing steep interest-rate resets on their sub-prime mortgages has gotten mixed reviews. The plan calls for lenders to voluntarily freeze rates for certain homeowners with adjustable-rate loans.
2007-12-16 12:14:55 -
Capitol Federal stands steady amid mortgage industry meltdown (The Kansas City Star)
In the chaos of the mortgage market, scores of lenders have collapsed. Wall Street chieftains have fallen. Foreclosure stalks perhaps a million homeowners. Washington pushes a hopeful cure.
2007-12-15 08:42:17