Mortgage and Financial News From 2008-1-25 Page 63

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  • Soros Backs Corporate Democrats - Canada Free Press

    Soros Backs Corporate DemocratsCanada Free Press, Canada - 18 minutes agoThose who have bought a home know that you aren’t supposed to get a mortgage loan, even of the subprime variety, unless the “experts” judge through a ...
    2008-01-25 03:41:31

  • Fed's steep rate cut spawns interest in home refinancings (Fort Wayne Journal Gazette)

    NEW YORK – This week’s surprise rate cut by the Federal Reserve not only held Wall Street and investors in thrall, it’s also kicked into high gear a rush by homeowners across the country to refinance their mortgages at today’s lower rates.
    2008-01-25 03:16:34

  • Single-family home sales see biggest drop in 25 years (The Monterey County Herald)

    WASHINGTON — Sales of existing single-family homes plunged in 2007 by the largest amount in 25 years, closing out an awful year that saw median prices fall for the first time in at least four decades.
    2008-01-25 03:23:05

  • Sales of existing homes down 13 percent in 2007 (Salem Statesman Journal)

    The most severe real estate recession in a generation sent sales of existing homes plunging 12.8 percent last year -- the steepest annual dive in 25 years -- and the median U.S. home price fell, probably for the first year since the Great Depression, the National Association of Realtors said Thursday.
    2008-01-25 03:26:39

  • Mortgage crisis gets attention at Capitol (The Daily Review)

    SACRAMENTO — Lawmakers on Thursday continued moving toward an overhaul of the subprime mortgage lending industry as foreclosures continue to oust Californians from their homes at an unprecedented pace.
    2008-01-25 03:40:01

  • Tanzania: Not Enough Money or Not Enough Opportunities? (AllAfrica.com)

    Almost a decade on, Tanzania's tiny stock exchange is still working hard to convince sceptical businesses it is a cost-effective way to raise capital and expand.
    2008-01-25 03:47:26

  • (AFX UK Focus) 2008-01-25 11:24 GMT: Proposed mortgage plan could aid markets (Interactive Investor)

    WASHINGTON (AP) - A component of the government's tentative economic stimulus package announced Thursday would give an immediate lift to buyers and sellers in higher-priced housing markets.
    2008-01-25 03:48:05

  • Hefty tax rebate checks could hit mailboxes in May (Sun-Sentinel)

    Most taxpayers will receive refunds of $600 to $1,200, and more if they have children, under a deal congressional leaders made with the White House on Thursday.
    2008-01-25 03:54:54

  • Bank rewards sales of risky mortgages (The Charlotte Observer)

    Wachovia offers higher incentives to employees to sell a specialized type of mortgage that's suffering rising delinquencies in the housing crisis. These so-called Pick-A-Payment mortgages -- where customers can have options on payment types -- offer flexibility but raise concerns with consumer advocates because they can lead to the loan balance growing instead of shrinking. A Wachovia mortgage ...
    2008-01-25 03:55:47

  • Credit Suisse makes 500 job cuts (BBC News)

    Deutsche Bank plans to eliminate 300 jobs from its investment banking unit amid market volatility.
    2008-01-25 03:58:05

  • Information about the $600 rebates - DesMoinesRegister.com

    Information about the $600 rebatesDesMoinesRegister.com, IA - 54 minutes agoTo address the mortgage crisis, the package raises the limit on Federal Housing Administration loans from $362000 to as high as $729750 in expensive areas, ...
    2008-01-25 02:05:27

  • Don't worry -- FDIC has your money covered - The Courier News

    Don't worry -- FDIC has your money coveredThe Courier News, IL - 53 minutes agoDear Mr. Berko: I have $289000 in certificates of deposit at my bank, and I'm hearing they are going to close up because of bad real estate loans. ...
    2008-01-25 02:06:24

  • Global shares extend gains on US stimulus deal - AFP

    Global shares extend gains on US stimulus dealAFP - 43 minutes agoThe US economy has been hit by rising defaults on mortgage payments by "subprime" customers who were issued loans during the last housing boom despite ...
    2008-01-25 02:16:57

  • Riding The New 'Refi' Wave, With A Twist - Hartford Courant

    Riding The New 'Refi' Wave, With A TwistHartford Courant, United States - 41 minutes agoThe national Mortgage Bankers Association's index of mortgage loan application volume was up 8.3 percent this week from the prior week, adjusted for ...
    2008-01-25 02:18:41

  • Mortgage protection tips - MyFinances.co.uk

    Mortgage protection tipsMyFinances.co.uk, UK - 40 minutes agoMaking higher mortgage repayments and taking out insurance on home loans will equip borrowers for braving a potential recession. Harsh credit conditions and ...
    2008-01-25 02:19:48

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