Mortgage and Financial News From 2007-8-19 Page 6

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  • Wall Street extends retreat as mortgage, credit concerns remain

    San Diego Union-Tribune - Investors' confidence, already diminished by months of bad news about mortgages and credit, took a further drubbing after Countrywide, the nation's largest mortgage lender said it was forced to draw on an $11.5 billion credit line to fund operations ...
    2007-08-16 12:54:00

  • US credit crunch 'unbelievable' - Swiss central bank chief

    Forbes - We're certainly not at the end of the story with developments in the US mortgage market. The source is bad loans.' 'People there who had neither income nor capital got credit with very attractive conditions that could only be tightened with time,' he ...
    2007-08-19 11:56:00

  • Unethical mortgage practices lead to signing of new law (Mat-Su Valley Frontiersman)

    Mat-Su - After years of planning by members of the mortgage industry and local government, Gov. Sarah Palin recently signed House Bill 162, which protects residents against unethical loan practices, which is a big problem in the Mat-Su Valley.
    2007-08-19 12:24:13

  • What credit crunch? (Baltimore Sun)

    Eileen Ambrose -- Personal Finance From the headlines, you might think that lenders will never offer another mortgage.
    2007-08-19 07:32:49

  • Mortgage rules toughen up (Asheville Citizen-Times)

    ASHEVILLE -- ASHEVILLE -- A loan that was supposed to last just long enough to get Barbara Steele into a three-bedroom North Asheville home and boost her credit score now has the single mom financially trapped.
    2007-08-19 04:38:56

  • Avoiding the Credit Storm, by Swimming in Midstream (New York Times)

    As the subprime mortgage drama unfolds, some of the calmest investors hold mainstream bond portfolios, whose returns have been relatively unaffected.
    2007-08-18 08:13:42

  • Market jitters and your pocket

    BBC News - But Aon's Marcus Hurd said people should not overreact to the current situation and ... The wave of mortgage defaults in the US has raised the spectre of similar problems ... rate mortgages, which are particularly sensitive to rising interest rates.
    2007-08-19 02:19:00

  • Invest time to learn about Social Security

    Seattle Times - In moving to a more expensive house you'll be increasing your mortgage from $100,000 to $450,000. At current jumbo rates (6.63 percent) that would cost $2,883 a month. In addition, you'd have higher expenses for real-estate taxes, insurance and ...
    2007-08-19 07:10:00

  • Behind on your mortgage? Ask for help right away (Baltimore Sun)

    Don't wait until you become delinquent on your mortgage payments or are facing foreclosure before seeking help.
    2007-08-19 07:52:36

  • Mortgage brokers scramble (Daily Local News)

    SAN FRANCISCO (AP) — Mortgage broker Ed Smith Jr. has been arranging home loans for 24 years and it's never been tougher for him to close a deal than during the past few weeks of turmoil.
    2007-08-19 02:22:47

  • How to Determine if it's Time to Refinance (Benton Evening News)

    (ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance? Are the rates and the current mortgage market the best indicators?
    2007-08-19 03:07:46

  • Rates campaign based on a flawed argument

    Border Mail - Comparatively, it promised to always have lower interest rates than Labor. So you see how three separate statements about past performance, the then current situation and future comparison are all lumped in together to give a grab bag of terms O ...
    2007-08-18 12:59:00

  • As current goals are met, city of Decatur leaders look ahead to new ...

    Herald & Review - Part of that discussion will include a major increase in water rates. The city ... say expanding facilities at the Law Enforcement Center could be in the best interest ... As current goals are met, city of Decatur leaders look ahead to new challenges ...
    2007-08-19 10:59:00

  • Get-out-of-debt plan could be improved

    Raleigh News & Observer - I have been able to switch some of our consumer debt to no-interest cards for one year, but others won't transfer. We do not charge anything anymore and as long as we stick to this, the current interest rates won't change. Our approximate debt and ...
    2007-08-19 06:05:00

  • Soaring Interest Rates Stun Local Homebuyers

    NBC San Diego - Soaring Interest Rates Stun Local Homebuyers Tight Credit May Push Home Prices Lower ... If the jumbo rates stay at the current level or press higher, many real estate agents predict that home prices will continue to ...
    2007-08-19 08:07:00

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