Mortgage and Financial News From 2008-3-14 Page 6

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  • More pain from bank stocks

    International Herald Tribune - The sector has been under continual pressure because the mortgage securities at the heart of the crisis trade infrequently and ... Given the pressure the industry is under, Ellison's advice is to resist the urge.
    2008-03-14 09:53:00

  • Budget long-term mortgage plans "smoke and mirrors"

    MyFinances.co.uk - Alistair Darling failed to deliver anything of note in the Budget for the property market, according to industry experts. Plans to promote long-term mortgage lasting over 20 years were also criticised for being ineffective. Ross Bowen, from the ...
    2008-03-14 04:53:00

  • Mortgage Meltdowns Continue

    Washington Post - Read my column today for advice on what to do if you're approached by a loved one. Here are a few more stories related to the mortgage mess: * To see what the state of Maryland is doing, read: " Legislators Seek to Stanch Spate of Home Foreclosures ...
    2008-03-13 12:18:00

  • Berlusconi tells woman to solve problems by marrying a millionaire

    International Herald Tribune - ... the billionaire media mogul who is running for premier at April elections, was asked by a young woman on a TV show Thursday night how young couples are supposed to obtain a mortgage or start a family without a permanent job. "This is the advice that ...
    2008-03-14 02:26:00

  • Ilyce Glink: Hire agent, attorney to negotiate with builder when buying home (San Antonio Express-News/KENS 5)

    Q: I've been reading your book, "100 Questions Every First-Time Home Buyer Should Ask." I'm curious about something: Is it beneficial to have an agent for a newly built home, or should I negotiate directly myself? I'm usually quite good at negotiating. What are the benefits? Thanks for your help.
    2008-03-14 02:21:44

  • Peter G. Miller: Owner should hope short sale cheaper for lenders than foreclosure (San Antonio Express-News/KENS 5)

    Q: I bought a single-family investment property in Florida in 2005 for $335,000. I have an 80 percent first mortgage and a 20 percent second mortgage, and both are interest-only financing. Thus, I still owe $335,000.
    2008-03-14 02:21:55

  • Countrywide's Future Is Anyone's Guess (The Motley Fool)

    With its future riding on a pending merger, legal woes add yet more strain.
    2008-03-14 01:29:48

  • Spector, Roseman & Kodroff, P.C. Announces Class Action Suit Against Swiss Reinsurance Company (PrimeNewswire via Yahoo! Finance)

    PHILADELPHIA, March 14, 2008 -- The law firm of Spector, Roseman & Kodroff, P.C. announces that a securities class action lawsuit was commenced in the United States District Court for the Southern District of New York, on behalf of purchasers of all U.S. residents or citizens who purchased the common stock of Swiss Reinsurance Company between May 8, 2007 through November 19, 2007, inclusive .
    2008-03-14 03:00:00

  • Spend less, save a little more (The Pinnacle)

    Foreclosed homes may be on the rise, but there is help out there for local homeowners.
    2008-03-14 03:06:21

  • California falls to No. 4 in mortgage fraud (East Bay Business Times)

    California ranks No. 4 among states nationwide for mortgage fraud, though that's an improvement from its No. 2 ranking last year, according to a 2007 Mortgage Bankers Association report released Thursday.
    2008-03-14 03:02:49

  • Moody's cuts WaMu credit rating (The Forex Market)

    SEATTLE (AP) - Moody's Investors Service cut Washington Mutual Inc.'s credit rating Friday and said the country's largest savings and loan will need at least $4 billion more than it expected to cover bad mortgages in 2008.
    2008-03-14 03:53:45

  • Keeping up with the gas guzzle (Big Bear Grizzly)

    A mortgage crisis and a credit crunch seem like enough to send the United States economy into a tailspin. But just as consumers prepare for a possible slowdown, gas prices are closing in on $4 a gallon.
    2008-03-14 04:33:46

  • I-Team: Couple Charged in Mortgage Fraud Case Appear in Court (KLAS Las Vegas)

    The couple charged with bilking hundred of potential home owners out of more than $100 million appeared in federal court Friday. The couple is indicted on charges of bank fraud, aiding and abetting and money laundering. Investigative reporter Mark Sayre was in court and has the latest details at 5 & 6.
    2008-03-14 03:50:01

  • In a down market, it is better to rent out home or sell it? (Los Angeles Times)

    WASHINGTON -- In a market where houses are taking longer to sell -- or not selling at all -- owners hoping to move on sometimes opt to rent their homes until things improve.
    2008-03-14 04:52:32

  • How many MORE lovers did 'suicide' police chief have? (Daily Mail)

    The widow of Greater Manchester police chief Michael Todd returned to the family home yesterday for the first time since his body was found on Mount Snowdon on Tuesday. Meanwhile, it emerged he had sent "absolutely devastating" text messages to his mistress Angie Robinson and an unnamed policewoman shortly before he went missing. t is understood the search for the father-of-three was launched ...
    2008-03-14 04:16:12

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