Mortgage and Financial News From 2008-1-1 Page 4

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  • Canceled debts can cost you - Sarasota Herald-Tribune

    Canceled debts can cost youSarasota Herald-Tribune, FL - Dec 31, 2007Steep prepayment penalties have made it difficult for some to get out of their mortgages, and some overstretched homeowners cannot afford to refinance or ...
    2007-12-31 01:51:52

  • The Truth About Mortgage Refinancing Revealed By California ... - SBWire (press release)

    The Truth About Mortgage Refinancing Revealed By California ...SBWire (press release), WI - Dec 31, 2007California - based mortgage expert Joe Almirantearena specializes in providing mortgage information to California residents that allows them to make ...
    2007-12-31 10:28:32

  • Faces Of Foreclosure - San Francisco Chronicle

    Faces Of ForeclosureSan Francisco Chronicle,  USA - Dec 31, 2007A Vallejo man who thought his on-time payments would qualify him for a refinance saw that hope evaporate. Despite having worked almost every weekend for two ...
    2007-12-31 11:57:21

  • Union Bank of California Offers Top Ten Financial Resolutions for ... - PR-USA.net (press release)

    Union Bank of California Offers Top Ten Financial Resolutions for ...PR-USA.net (press release), Bulgaria - Dec 31, 2007Make sure you understand the terms of your mortgage loan; you may want to consider a refinance if you have an adjustable rate that will eventually result in ...
    2007-12-31 12:01:53

  • Be prepared to wait for interest rate freeze - Columbia Daily Tribune

    Be prepared to wait for interest rate freezeColumbia Daily Tribune, MO - Dec 31, 2007AP WASHINGTON - Be ready to wait if you want to get information from a toll-free hot line about freezing the interest rate on your subprime mortgage. ...
    2007-12-31 01:04:34

  • Wishing All a Great 2008 in the SCV - Signal

    Wishing All a Great 2008 in the SCVSignal, CA - Dec 31, 2007Now, if I’d only ignored that urge to refinance, I could have paid off my mortgage this year! This also means 2008 will mark my 30th anniversary living in ...
    2007-12-31 04:01:49

  • Is it Time to Start Looking for a Bottom in the Housing Market? - Seeking Alpha

    Is it Time to Start Looking for a Bottom in the Housing Market?Seeking Alpha, NY - 18 hours agoWith lending standards getting tighter, refinancing may be impossible in any case. ... A small number of borrowers with option ARMs are already facing ...
    2008-01-01 05:13:54

  • Where OC's poorest dwell - Orange County Register

    Where OC's poorest dwellOrange County Register, CA - 14 hours ago"The people who are my good customers didn't refinance." In 2005, paid tax preparers statewide filed 67 percent of returns, the IRS data show. ...
    2008-01-01 09:01:18

  • How life worked out for 4 Bay Area homeowners facing foreclosure (San Francisco Chronicle)

    Foreclosures reshaped the U.S. economic landscape in 2007. A year ago, losing a house to bank repossession still seemed like a rare event, confined to people enduring unfortunate personal circumstances - job loss, divorce, illness, death of a wage earner. But...
    2007-12-31 07:18:09

  • Lender unveils assistance initiative (Winchester Star)

    Despite suffering a third quarter loss of $1.2 billion, Countrywide Financial Corp (NYSE: CFC) is reaching out to more than 82,000 of its borrowers who have been affected by the home loan crisis.
    2008-01-01 09:44:56

  • Mortgage market development to transform UAE realty prices

    AME Info - In truth the gap between rental yields and deposit account interest rates is something of a demonstration of the efficiency of the local mortgage market in providing finance to the real estate sector; and as a mortgage industry expands and ...
    2008-01-01 09:54:00

  • Dollar rises back above US88c on yield

    The Australian - Still, Mr Kyriakopoulos said the market was watching to see if local banks raised their variable mortgage rates independent of any decision on official rates by the RBA. “If banks raise their variable rate mortgage rates then I think pricing for a ...
    2008-01-01 09:11:00

  • Losers of 2007, Kerkorian's Deal, Nasdaq's Taiwan Link: Timshel

    Bloomberg - That said, rising default rates on subprime loans and a resulting decline in the value of mortgage-related securities inspired many investors to shun riskier investments. The shift left its mark all over stocks last year. Finding a ...
    2008-01-01 09:19:00

  • Fixes made in 2007 not enough to halt foreclosures

    Boston Globe - The state banned some of the practices the Fed chose to limit, including refinancing penalty fees and bonuses for mortgage brokers who sell loans with higher interest rates. Legislation awaiting action by the US Senate would toughen federal law in ...
    2008-01-01 09:04:00

  • Tough times ahead but we should avoid a recession - Liverpool Daily Post

    Tough times ahead but we should avoid a recessionLiverpool Daily Post, UK - 2 hours agoHalifax and Nationwide are among the leading mortgage lenders predicting a slower housing market in 2008. Local pundits reflect the prevailing uncertainty ...
    2008-01-01 08:26:42

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