Mortgage and Financial News From 2007-8-19 Page 14

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  • Finance 101 (Denver Post)

    With interest rates having been on the rise, savers and income investors are faced with some interesting choices when it comes to certificates of deposit.
    2007-08-19 07:25:38

  • Fed lends hand in credit crunch (Sarasota Herald-Tribune)

    Instead of its normal home page, the Web site of mortgage lender First Magnus Financial now reads, "In light of the collapse of the secondary mortgage market, First Magnus will not fund any future mortgage loans."
    2007-08-18 09:12:56

  • Real Estate Brokerages Folding Up, Local Superstars Set Up BlueStar Funding Group (PRWeb)

    Highly talented mortgage originators form new company. (PRWeb Aug 19, 2007) Post Comment:Trackback URL: http://www.prweb.com/pingpr.php/UHJvZi1IYWxmLUhvcnItSGFsZi1UaGlyLVplcm8=
    2007-08-19 07:11:28

  • Real Estate Brokerages Folding Up, Local Superstars Set Up BlueStar Funding Group (PRWeb via Yahoo! News)

    Highly talented mortgage originators form new company.
    2007-08-19 07:01:00

  • 125% Home Equity Loans Now Close Concurrently with a 100% First-Second Mortgage Refinance from BD Nationwide (PRWeb via Yahoo! News)

    BD Nationwide Mortgage introduces the "125% Home Equity Refinance Loan Combination" for refinancing 1st and 2nd mortgages into a new 100% first mortgage with a 125% home equity loan that funds simultaneously.
    2007-08-13 07:01:00

  • Even if you are jobless, mortgage options are available (The Advocate)

    Recent news from the federal government about the high foreclosure rate puts Ohio in the worst 10 states in the nation again. Additionally, Ohio's unemployment rate was 6.1 percent in June 2007, up from 5.7 percent in May, according to data released by the Ohio Department of Job and Family Services.
    2007-08-18 11:08:43

  • Refinance Your Adjustable Rates Today (Benton Evening News)

    (ARA) - As the old saying goes "a man's home is his castle." The benefits of owning a home are many, including financial security. While a home mortgage is good for your financial stability, refinancing for a better mortgage than you originally qualified for can benefit your finances even more.
    2007-08-16 01:54:07

  • If You Have an Adjustable Rate Mortgage, Why You Need to Refinance Now (Benton Evening News)

    (ARA) - When you signed up for that adjustable rate loan a few years back, it probably seemed like a deal too good to pass up. But fast forward to the present, and you're probably starting to get a little nervous.
    2007-08-19 10:07:36

  • Homeowners Aiming to Refinance Hit Mortgage Rut (NPR)

    Mortgage applications have risen for the second straight week, with borrowers getting out of adjustable-rate loans in a bid to escape volatility in the financial markets. But mortgage-industry troubles are hanging up homeowners seeking to refinance.
    2007-08-15 11:36:21

  • Fed action won't erase stocks' risks

    Akron Beacon Journal - Big institutional investors from hedge funds to investment banks are still wrestling with credit problems spawned by distressed subprime mortgage loans. The housing market still looks gloomy. And the wave of takeovers that drove stocks to new highs ...
    2007-08-19 05:08:00

  • Lenders getting tougher on credit scores, appraisals

    San Francisco Gate - For example, a traditional cutoff point between prime and subprime loans - 620 FICO credit scores - has risen. Some mortgage companies are posting 680 FICOs as the new demarcation line; others have set the break point slightly below. Webster Bank, a ...
    2007-08-19 08:50:00

  • Ask for help before loan delinquency

    Baltimore Sun - Marylanders also may qualify for the state's new Lifeline Refinance Mortgage program. The loans, which have income limits, currently carry an interest rate of 6.5 percent. Lifeline has about a dozen loans in the pipeline and has had about 600 inquiries ...
    2007-08-19 07:17:00

  • States play down loan intervention

    News.com.au - THE New South Wales, Victorian and Queensland Governments said today Federal Treasurer Peter Costello's call for them to crack down on mortgage brokers giving high-risk loans is a political manoeuvre. The three states said they were already ...
    2007-08-19 08:07:00

  • There's mortgage pain for the rich, too

    Daily Breeze - The buyers could have gotten a mortgage at a substantially higher rate - just under 8percent - Hogan said, but "they crunched ... Earlier this year, both lenders and investors soured on subprime loans to people with poor credit. But now Wall Street has ...
    2007-08-19 09:12:00

  • Debt again

    Boston Globe - The mortgage companies offering subprime loans blame the Wall Street financiers whose investments made the practice possible. But in truth, the problem runs much deeper. The mortgage business has long been a tug of war between a social commitment to ...
    2007-08-19 08:00:00

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