Mortgage and Financial News From 2007-10-7 Page 12
Previous Day: 2007-10-06
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Mortgage servicers can leave owners in a lurch (Savannah Morning News)
NEW YORK - A cancer diagnosis forced Lindsey Jennings to give up his government job. With less income, Jennings feared he might lose the home he and his wife, Pearl, built near Atlanta almost 20 years ago. So he asked for help.
2007-10-06 10:09:44 -
Mortgage miseries push Iowans to the brink (The Des Moines Register)
Plenty of questions surround the home loan that Shawna Moses can no longer afford.
2007-10-07 02:06:53 -
U.S.-backed mortgages attract bond manager
Philadelphia Inquirer - Bonds with longer durations tend to gain more in value when yields fall and vice versa. He has kept the fund's duration steady since just before the Fed lowered rates. "We have more mortgage exposure in the portfolio than ever before, and we've had ...
2007-10-07 12:02:00 -
Indulge your inner scrooge
Belfast Telegraph - Money: it's a drag! With the stock market looking shaky, mortgage rates wallet-busting and the credit bubble about to burst, we could all do with a few pointers on how to be thrifty. And now there is a guide to lead us towards a more prudent new dawn ...
2007-10-06 04:09:00 -
Congress mulls tax relief for some, benefit limits for others
Detroit Free Press - HOMES FOR SALE • Search New Construction and Existing Homes across metro Detroit and Michigan. • Mortgage rates from lenders nationwide.
2007-10-07 06:00:00 -
Loans shock on foreign homes
Times Online - Some lenders reset the rates annually, but others, such as UCB and Crédit Immobilier de France, change their rates every quarter. Someone with a €200,000, (£138,624.26) 25-year repayment mortgage that is 1.2 points above three-month Euribor, would ...
2007-10-07 04:55:00 -
UBS chairman Ospel admits underestimating US subprime crisis
CNBC - We poorly evaluated the impact of changing interest rates" in the US which triggered the problems in that country's mortgage sector, he said. "The problems started with the last change in interest rates and were compounded by DRCM." DRCM is UBS's ...
2007-10-07 05:17:00 -
Move over
Chicago Tribune - After struggling for several years to keep units filled while tenants were lured to buy homes with low mortgage rates and fast price appreciation, many apartment complexes boast an occupancy rate of 95 percent and higher, according to real estate ...
2007-10-07 06:43:00 -
Investment avenues available for NRIs
Economic Times - In the Silicon Valley — where Sen lives and works as a software engineer — home mortgage rates are ruling high and he has to make the monthly payments for the town house that his family bought a year ago. To make matters worse, his son is in ...
2007-10-07 06:07:00 -
Florida boycott
Miami Herald - ... economy has tanked, and a Florida court has thrown out the proposed SOH elimination amendment. Florida's recession was caused not by high property taxes but rather by real-estate speculation during several years of historically low mortgage rates ...
2007-10-07 01:56:00 -
Alistair Darling interview transcript...
BBC News - ... problem that the Tories have got is that they do not have the two and a half billion pounds they would need to pay for this and if they get in to that position, you either have to increase borrowing, which puts up interest rates and mortgage rates ...
2007-10-07 07:40:00 -
Northern Rock axes best deals
Times Online - NORTHERN ROCK, the beleaguered bank, in effect priced itself out of the mortgage market last week in the latest sign that its troubles are far from over. The bank’s mortgage rates have not been market leaders for some time, but they are looking ...
2007-10-07 04:48:00 -
Signs of Hope—and Hurt
US News and World Report - Lower mortgage rates, more Wall Street deals, new stock market records: On the surface, it looks as if the Federal Reserve not only calmed the credit panic but "reloaded the punch bowl with vodka," says Tom Taulli, author of The Complete M & A ...
2007-10-07 06:57:00 -
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2007-10-07 12:45:00 -
Workers still filling 401(k)'s with company stock
Chicago Tribune - On top of all the other troubles at Countrywide Financial Corp., the mortgage giant faces a lawsuit from an employee alleging ... Unless you own the company, you have no clue if there is fraud going on." But it doesn't even have to be something as ...
2007-10-06 11:55:00