Mortgage and Financial News From 2007-12-16 Page 18
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Lots of blame to go around in subprime mortgage crisis (The Journal News)
For months Marie Chantale Joseph and her husband, Daniel, have been unsuccessfully trying to refinance their home before their interest rate spikes in April.
2007-12-15 11:40:44 -
Proposed tax break for mortgage interest is worth looking at (Haaretz Daily)
Last week MKs Shelly Yachimovich (Labor) and Gilad Erdan (Likud) presented the Knesset with a proposed law on a subject near and dear to every Israeli: home mortgages.
2007-12-15 03:52:16 -
'Tests' to decide who gets sub-prime mortgage relief (Los Angeles Times)
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 their sub-prime mortgages and those who don't.
2007-12-16 12:15:15 -
Peter Boutell, Lending a Hand: Back to the mortgage basics
Santa Cruz Sentinel - I remember when a down payment of 5 percent was not enough to buy a home and when second mortgages were only ... down payment and adequate and documentable income should be able to find mortgages at reasonable rates. Peter Boutell is a mortgage ...
2007-12-15 11:55:00 -
FIX A CHEAP HOME LOAN
Sunday People - Banks are cutting back their offers in the wake of the Northern Rock crash and US home loans crisis. But with interest rates ... It's vital to look at all costs before plumping for a mortgage. Some deals may have low rates but carry a high entry fee. ...
2007-12-16 02:04:00 -
Wyoming avoids mortgage mess
Caspar Star-Tribune - CHEYENNE -- With only 300 houses in foreclosure and the lowest mortgage loan ... were overdevelopment and affordability of houses because of low interest rates. ... So if someone gets financially distressed the home can be put on the market and ...
2007-12-16 12:59:00 -
Area reports record levelof repossessed mortgages
MSNBC - ... of Hamilton County residents out of their homes this year and holding down home ... and my payment is going to go up,'" said Don Oakes, owner of loan broker Mortgage ... Nationwide, interest rates on an estimated 1.8 million subprime mortgages are ...
2007-12-16 01:14:00 -
Delaware real estate market hits wall as home prices slide
Delaware Online - ... and Joanne Cirillo want to move to Tampa, Fla., so they have been trying to sell their four-bedroom home ... Historically low interest rates and aggressive marketing by mortgage companies helped fuel the housing boom, experts said. Subprime borrowers ...
2007-12-16 01:35:00 -
Senate OKs bill to ease mortgage crisis
Los Angeles Times - Related Stories - FULL COVERAGE: SOUTHLAND HOUSING MARKET - Bush mortgage plan would freeze rates - Protections for home-loan borrowers OKd ... A similar measure already has passed the House, increasing the chances of final passage in the ...
2007-12-13 03:58:00 -
It's right time for these REITs
Chicago Sun-Times - The Federal Reserve gaveth again last week, cutting interest rates to steady an ... With the mortgage crisis turning buyers into renters, EQR is benefitting from lower ... If you look at real estate companies, stay away from home builders. The whole ...
2007-12-16 01:56:00 -
Other News: Homebuyer eduation class
Kansas City Star - The classes are for persons who are considering purchasing their first home. Types of mortgage loans, lenders, interest rates and other information will be discussed. For more information, call 816-454-2000. RIVERSIDE | KCK woman hits jackpot on penny ...
2007-12-15 03:48:00 -
EU executive plans to streamline home loan market
Guardian Unlimited - ... Dec 16 (Reuters) - European Union plans to be unveiled on Tuesday to create a more joined-up market for home loans ... integrating EU mortgage markets would be equivalent to 0.7 percent of the bloc's economic activity and cut mortgage interest rates by ...
2007-12-16 01:21:00 -
Mortgage rates climb, frustrate buyers (Denver Post)
Mortgage rates, which had been sliding, went up last week, disappointing news to would-be homebuyers.
2007-12-16 12:43:09 -
Home Mortgage Shoppers Have New Forum To Talk About Mortgage Rates, Loan Offers and Home Loan Questions (PRWeb)
CardRatings.com and FreeRateSearch.com join efforts to creatively provide consumers a venue to seek out information regarding mortgage rates, loan offers and home loan questions. CardRatings.com has invited FreeRateSearch.com to join their already thriving credit forum community in hopes of reaching a wider variety of inquisitive consumers. (PRWeb Dec 16, 2007)
2007-12-16 12:02:27 -
Minority-owned S.C. Community Bank coming to Orangeburg
Times and Democrat - The bank provides a full line of banking services from personal and business banking, including checking, savings, money market investment, ce.jpgicates of deposit, IRAs and personal, commercial and mortgage loans. The bank offers a number of ...
2007-12-15 09:24:00