Mortgage and Financial News From 2008-1-1 Page 5

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• Risky loans harder to find but still available - North County Times

  Risky loans harder to find but still availableNorth County Times, CA - 2 hours agoWith mortgage payments set to jump in six months, she says she cannot refinance and is asking her lender to freeze her current payments until the market ...
  2008-01-01 08:55:30

• Treasurys End on Positive Note - Wall Street Journal

  Treasurys End on Positive NoteWall Street Journal - 1 hour agoLondon interbank offered rates -- the interest rates at which banks lend to each other -- have dropped sharply since Thursday, with the one-month rate ...
  2008-01-01 09:00:26

• Government should not interfere - Fort Dodge Messenger

  Government should not interfereFort Dodge Messenger, IA - 1 hour ago... to make right with just a bit more federal interference in mortgage lending. But the administration’s solution — freeze rates on adjustable-rate, ...
  2008-01-01 09:20:39

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

  Losers of 2007, Kerkorian's Deal, Nasdaq's Taiwan Link: TimshelBloomberg - 1 hour agoThat said, rising default rates on subprime loans and a resulting decline in the value of mortgage-related securities inspired many investors to shun ...
  2008-01-01 09:29:26

• Fixes made in 2007 not enough to halt foreclosures - Boston Globe

  Fixes made in 2007 not enough to halt foreclosuresBoston Globe, United States - 1 hour ago... interest rates, which has the same effect. The federal government passed one law addressing foreclosures. The Mortgage Forgiveness Debt Relief Act, ...
  2008-01-01 09:34:02

• Through the roof - Pocono Record

  Through the roofPocono Record, PA - 1 hour agoMonroe County, which has a population of about 165000, already had one of the highest home foreclosure rates in the state earlier this decade. ...
  2008-01-01 09:35:40

• The Winchester Star - Winchester Star

  The Winchester StarWinchester Star, VA - 1 hour agoThe financial giant has recently unveiled a "home preservation" initiative to help prime and subprime borrowers facing mortgage rate increases. ...
  2008-01-01 09:39:57

• Outlook unclear for new year - Bakersfield Californian (subscription)

  Outlook unclear for new yearBakersfield Californian (subscription), CA - 1 hour agoExpect more layoffs in the title and mortgage business, small developers losing their land to bank repossessions and huge losses by banks as many homes ...
  2008-01-01 09:45:48

• 2008 Could See Volatility of 2007 - The Associated Press

  2008 Could See Volatility of 2007The Associated Press - 1 hour agoQ. What will come of financial instruments such as mortgage-backed securities made infamous in 2007 when they hurt the performance of financial stock funds? ...
  2008-01-01 09:48:22

• Indonesia`s 2007 GDP growth seen above 6 pct - president - Antara

  Indonesia`s 2007 GDP growth seen above 6 pct - presidentAntara, Indonesia - 58 minutes agoYudhoyono said the impact of the US subprime mortgage loan crisis would likely be limited on Southeast Asia's biggest economy and he expects his ...
  2008-01-01 10:01:27

• Fears 2008 will be worst ever for debt - Norfolk Eastern Daily Press

  Fears 2008 will be worst ever for debtNorfolk Eastern Daily Press, UK - 47 minutes ago“We also have people coming off fixed rate or low start mortgages. The percentage of people's income now going on mortgage interest has already gone up and ...
  2008-01-01 10:13:03

• Differing thoughts on 2008 housing market - North County Times

  Differing thoughts on 2008 housing marketNorth County Times, CA - 42 minutes agoA dip in 30-year mortgage rates in November probably helped give nationwide existing-home sales the small boost last month, the association suggested. ...
  2008-01-01 10:17:51

• Real Estate Expert Ralph Marcus Maupin Scheduled to Speak at “Mega ... - Emailwire

  Real Estate Expert Ralph Marcus Maupin Scheduled to Speak at “Mega ...Emailwire - 40 minutes agoFactory closings, companies downsizing and business failures have resulted in Michigan having one of the highest job loss rates in the country. ...
  2008-01-01 10:20:10

• European/Middle East Money News Round-Up: Dec 24 - Jan 1 - CNNMoney.com

  European/Middle East Money News Round-Up: Dec 24 - Jan 1CNNMoney.com - 38 minutes ago... less attractive amid higher interest rates and tighter lending conditions. The British Bankers Association Thursday reported that new mortgage lending ...
  2008-01-01 10:21:48

• Reuters Business Summary - Conde Nast Portfolio

  Reuters Business SummaryConde Nast Portfolio, NY - 19 minutes agoNEW YORK (Reuters) - Mortgage and vehicle fleet company PHH Corp said on Tuesday it terminated its nearly $2 billion sale to General Electric Co and ...
  2008-01-01 10:40:57

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