Mortgage and Financial News From 2008-3-14 Page 19

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  • White House Offers Plan to Ward Off Credit Crises

    New York Times - The plan would also require lenders to make more complete disclosures about payment terms to home buyers. ... political obstacles, would permit the Federal Housing Administration to guarantee some loans that would be used to refinance ...
    2008-03-14 01:11:00

  • Tax break could help debtors

    Detroit Free Press - The tax break for debt relief could apply to a mortgage that was used to buy, build or substantially improve your main home or refinance debt for those purposes.
    2008-03-12 11:53:00

  • Nuveen Plans Help for Auction-Rate Debt Investors (Update3)

    Bloomberg - Taxable funds are easier to refinance than those that are tax-exempt, which account for most of Nuveen's offerings. That's because the interest rates their preferred shares pay are typically higher than yields provided by tax-exempt funds.
    2008-03-12 08:51:00

  • Top officials push financial reform

    Baltimore Sun - ... up to $300 billion in federal guarantees to help people who are in danger of losing their homes to foreclosure to refinance into affordable mortgages. The latest foreclosure readings from the Mortgage Bankers Association show that 1 in every 20 home ...
    2008-03-14 12:07:00

  • Why it's not too late to refinance

    CNN Money - Home prices are falling in your city If property values in your area are plummeting, you may find it tougher to refinance later on. You'll need at least 10% equity in your home (20% or more is better) to be approved for a refi in today's credit ...
    2008-03-12 06:28:00

  • Foreclosure filings continue to rise (The News Journal)

    Foreclosure filings continued their upward tick in February, according to data from county court filings and the most recent report from a California research firm.
    2008-03-14 01:00:55

  • Northport considers refinancing debt (The Tuscaloosa News)

    NORTHPORT | Faced with a doubled interest rate on the more than $1 million in debt remaining from a 2002 bond issue, city officials are leaning toward refinancing the outstanding balance and possibly saving a few thousand dollars over the next five years.
    2008-03-14 01:37:55

  • California news in brief (San Jose Mercury News)

    WASHINGTON, D.C. Waxman subpoenas EPA for documents A House committee chairman issued a subpoena Thursday to force the Environmental Protection Agency to turn over 196 internal documents about its decision to deny California permission to regulate greenhouse gas emissions from cars and
    2008-03-14 01:56:59

  • 'New economy' is touted (Worcester Telegram & Gazette)

    LEOMINSTER - It was no surprise that the subprime mortgage crisis and transportation improvements were topics at a forum on living and working in the new economy. But the speakers also addressed marketing the region to prospective businesses.
    2008-03-14 01:58:09

  • (AFX UK Focus) 2008-03-14 08:27 GMT: Sales, dollar plunge; oil soars (Interactive Investor)

    WASHINGTON (AP) - businessminute
    2008-03-14 01:59:18

  • Tough day for the economy (The Monterey County Herald)

    WASHINGTON — Oil hit a record high, the dollar sank again and consumers stopped buying pretty much everything.
    2008-03-14 02:29:44

  • Forex - Dollar weakens in Asian afternoon trade on doubts over Fed's ...

    CNBC - The subprime mortgage crisis will continue and there will be some more pain that will ... the credit crisis for now, the market will remain hostage to talk of the credit crunch and until private financial institutions complete their write-offs of bad ...
    2008-03-11 10:50:00

  • ANZ, Outpacing Central Bank, May Raise Rates Further (Update4)

    Bloomberg - Banks globally have posted $188 billion in asset writedowns and credit losses since the beginning of 2007, including reserves set aside for bad loans, according to Bloomberg data. Commonwealth Bank of Australia, the nation's biggest mortgage ...
    2008-03-11 10:29:00

  • On Native Ground

    American Reporter - The reality, however, is that as much as $2.5 trillion could be at risk in bad ... recent figures from Moody's, the bond rating firm, nearly 20 percent of all mortgage ... been postponed in the last couple of weeks because of rapidly tightening credit.
    2008-03-14 12:35:00

  • Dow jumps 400 points after banks move to ease credit crisis

    Atlanta Journal Constitution - ... down, especially on those backed by Fannie Mae and Freddie Mac, which are the few remaining sources of mortgage financing as credit ... home prices and record-high foreclosures — has caused financial institutes to rack up huge losses in bad mortgage ...
    2008-03-10 05:58:00

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