Mortgage and Financial News From 2008-3-2 Page 21
Previous Day: 2008-03-01
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OPINION- U.S. economy and mortgage rates
Forbes - NEW YORK, Feb 29 (Reuters) - Volatile Mortgage Rates. The day after a federal holiday has been a challenging moment on two ... seeing evidence of high anxiety on the part of financial market participants is an important signal to prospective home ...
2008-02-29 08:20:00 -
Real Estate: Neighborhood Homes Sold
San Francisco Gate - Monday First-Time Home-Buyer Seminar: Sponsored by Whitney Davis of Zephyr Real Estate and Tina Leonardi of ... That's what the Bush administration says, and that's what top executives of major banks, mortgage companies and... 30-year rates up 3rd week in ...
2008-03-02 01:51:00 -
No money down -- and nobody home
Detroit Free Press - ... real estate agent and banker repeated it -- "You need 20% down to get a mortgage. ... And almost a third of home buyers put down no money at all. ... attitude that mirrors what the banks showed them when they complained that rates ...
2008-03-02 04:07:00 -
Risky ARMs are popping up again
Detroit Free Press - ARMs lost an edge, in part, because they haven't been a bargain compared with 30-year fixed mortgage rates. ... for Bankrate.com, is worried borrowers could be buying trouble if they turn to an ARM as a shortcut to buying a home ...
2008-03-02 01:44:00 -
A reverse mortgage requires sound advice
Baltimore Sun - ... home to pay off your existing mortgage ... rates. Because of the federal insurance, there's a cap on the amount of home value that's used when calculating the loan. The cap is based on where you live. The highest amount is $362,790, which is the cap in Baltimore. Once your existing mortgage ...
2008-03-02 12:11:00 -
The risks of a mortgage fix
Chicago Tribune - ... on Thursday would allow bankruptcy judges to rewrite mortgage contracts to ease lending terms. That could drive up the cost of home ... sell property at a profit, before being hit with higher rates. Some owners who can afford to keep up mortgage ...
2008-03-02 03:24:00 -
Financial planner has praise, advice (Seattle Times)
Bob Panian, a certified financial planner with Bear Creek Financial in Tukwila, praised Nancy Cifuentes for working hard to minimize debt...
2008-03-02 02:20:54 -
Standoff in Senate means housing crisis at standstill (Louisville Courier-Journal)
On Thursday evening the Senate failed, on a 48-46 vote, to move to consider a housing stimulus package. You need 60 votes to block a threatened filibuster, which is called invoking cloture.
2008-03-02 02:57:03 -
TUESDAY, MARCH 4 (Portsmouth Herald)
Hampton Falls
2008-03-02 03:22:34 -
Primary may rely on money (Zanesville Times Recorder)
On their way to the polls for the presidential primary election Tuesday, Ohio voters will confront all the signs of a shaky economy.
2008-03-02 03:41:06 -
House prices weaken for fourth month running (Times Online)
Nationwide said that the 0.5 per cent February fall meant house price inflation was 2.7 per cent, the lowest annual growth rate since November 2005. Eight months ago it was running at 11.1% and in January it was 4.2 per cent.
2008-03-02 04:00:42 -
Soft landing for cargo company (The Buffalo News)
Christopher J. Alf's company was accused of cheating the government out of millions of dollars by falsely billing his best customer, the U.S. Defense Department.
2008-03-02 04:13:17 -
Smaller banks find opportunity during downturn
AZCentral.com - As big banks are busy writing off bad loans and curtailing lending, small community banks and credit unions are sniffing ... A survey by the American Bankers Association showed community-bank leaders optimistic about mortgage lending this year, with ...
2008-03-01 09:41:00 -
'Rent or buy' decision even more complex than in recent years
San Francisco Gate - Matthew Hackett, underwriting manager for Equity Now, a Manhattan mortgage lender, said buyers who need jumbo loans - those above $417,000 - must typically have enough savings after the purchase to carry them through at least six months of mortgage ...
2008-02-29 03:58:00 -
Subprime Mess Highlights Need for Tough Rules: Michael R. Sesit
Bloomberg - That moved low-quality mortgage loans off the banks' books and reduced the incentive to carefully examine borrowers' ability to service their debts.
2008-02-27 03:53:00