Mortgage and Financial News From 2007-10-7 Page 15
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Debating 'money back' insurance policies
Raleigh News & Observer - There is no cash buildup, but it is inexpensive. Straight term insurance provides the protection you need at the lowest cost. Any money you have left after paying the lower premium should be invested toward retirement, college education, mortgage ...
2007-10-06 11:19:00 -
In tight times, domestic violence rises
St. Petersburg Times - Mostly, the money is not available for somebody splurging on their own drug and/or alcohol habits or gambling habits and not properly taking care of the mortgage or the car insurance," she said. "That is a lot of stress that is put forward on the ...
2007-10-06 09:24:00 -
The Math Behind Your Home Loan
Washington Post - The monthly mortgage insurance premium, if there is one, will be included. If the borrower has agreed to an escrow for property taxes and homeowners insurance, most lenders treat the monthly escrow payments as if they are also part of the scheduled ...
2007-10-05 01:12:00 -
With credit tightening, it's back to the basics
Medford Mail Tribune - Also consider whether you will be required to buy private mortgage insurance (PMI), which protects the lender if the borrower fails to pay. If so, ask how much that would add to your monthly payment. PMI is required by most lenders if a loan exceeds ...
2007-10-07 01:49:00 -
Andre Agassi and All-Star Line-up Help Raise More than $9 Million for ...
Forbes - Genworth is a leading insurance holding company, serving the lifestyle protection, retirement income, investment and mortgage insurance needs of more than 15 million customers, and has operations in 24 countries, including the United States ...
2007-10-07 01:13:00 -
Phantom tax relief and capital gains changes
Baltimore Sun - ... income" tax penalty that haunts financially distressed homeowners whose debt is partially forgiven by a lender after a foreclosure or a "short sale" to avoid foreclosure. The committee also voted to extend the deductibility of mortgage insurance ...
2007-10-07 03:29:00 -
Lenders giving no slack to deadbeats, but are helping others
Herald Tribune - Lenders, loan servicers and mortgage investors are going to unprecedented lengths to help deserving borrowers avoid falling behind on their payments and possibly losing their homes. Believe it or not, nobody wins when a house has to be repossessed ...
2007-10-07 01:49:00 -
Most market indexes advanced in quarter
St. Louis Post-Dispatch - Mortgage lenders announced increasingly worse problems obtaining financing for their operations. The market fell into a volatile swoon from late July through mid-August, dropping as much as 8 percent as bad bets on mortgages led to severe losses for ...
2007-10-07 01:21:00 -
The Errors in Your Way
Daily Breeze - Mortgage lenders aren't the only frustration for homeowners in a shaky market. If loan servicer falls behind, you might, too.
2007-10-07 02:25:00 -
Certification can give bankers edge
Dallas Morning News - Five of the top 40 mortgage lenders have ceased operation, and Countrywide Financial Corp. announced it will cut up to 12,000 jobs. Morgan Stanley said last week that it would cut 6,000 jobs. Blame for the decline falls heavily on subprime mortgages ...
2007-10-07 12:38:00 -
Foxtons Files Chapter 11, Following Other Lenders' (Update1)
Bloomberg - Oct. 6 (Bloomberg) -- Foxtons, a discount real estate agency that pioneered selling homes at a 3 percent commission, joined mortgage lenders as a victim of the declining U.S. housing market and filed for bankruptcy protection. Foxtons, which operated ...
2007-10-06 01:10:00 -
Lenders lowered standards, then sold riskier loans (Miami Herald)
Why would lenders hand out so many risky loans? A big reason is that banks weren't holding the risk, because many were selling dicey loans to Wall Street investors.
2007-10-07 12:20:11 -
You can pay your mortgage, but won't: 'Walkaway,' beware (Los Angeles Times)
WASHINGTON -- Lenders, loan servicers and mortgage investors are going to unprecedented lengths to help deserving borrowers avoid falling behind on their payments and possibly losing their homes. But when it comes to those who can pay but won't, or investors who gambled on ever-rising housing values but came up snake eyes, the gloves are coming off. They will be going after you, and hard.
2007-10-07 12:23:41 -
California tightens rules for mortgage lenders (Orange County Register)
Legislation signed Friday requires state-regulated lenders to ensure buyers understand risky loan rules.
2007-10-07 03:16:11 -
Asia Stocks Week Ahead - Earnings seen providing fresh cues
Reuters India - MSCI's measure of Asia Pacific stocks excluding Japan has risen in the past seven weeks, reaching successive record highs in the last three. It has rallied more than 30 percent from the August low after interest rate cuts by the U.S. Federal Reserve ...
2007-10-06 11:05:00