Mortgage and Financial News From 2008-1-25 Page 66

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• Existing-home sales plunged in '07 - Seattle Times

  Existing-home sales plunged in '07Seattle Times, United States - 1 hour agoSeparately, rates on 30-year mortgages dropped for a fourth straight week to the lowest level in nearly four years, raising hopes that low rates will help ...
  2008-01-25 12:16:09

• Bank rewards sales of risky mortgages - Charlotte Observer

  Bank rewards sales of risky mortgagesCharlotte Observer, NC - 1 hour agoOn Thursday, a traditional 30-year fixed-rate mortgage carried a rate of about 6.1 percent, compared with 6.5 percent or higher for an adjustable-rate ...
  2008-01-25 12:20:26

• 2m Britons have a second home - This is Money

  2m Britons have a second homeThis is Money, UK - 1 hour agoWe answer the question on everyone's lips: Get an idea of some of the best mortgage interest rates on the market with our tables. >> Mortgage rates They ...
  2008-01-25 12:41:34

• Presidential candidates' plans for the economy - Detroit Free Press

  Presidential candidates' plans for the economyDetroit Free Press, United States - 1 hour agoHe also would stop mortgage fraud and predatory lending with legislation he proposed almost two years ago. Rudy Giuliani: He said he supports the ...
  2008-01-25 12:46:14

• AM, Fri 25th Jan - Less mortgage approvals increases number of renters - Landlord Expert

  AM, Fri 25th Jan - Less mortgage approvals increases number of rentersLandlord Expert, UK - 58 minutes ago"With the rates of population and household growth outstripping current and planned new house building, we are likely to see continuing growth of the ...
  2008-01-25 12:48:12

• Recession? Not likely - BCLocalNews

  Recession? Not likelyBCLocalNews, Canada - 38 minutes agoA probable American recession is underway, fuelled largely by a sub-prime mortgage crisis that started last summer. The high foreclosure rate has sneezed ...
  2008-01-25 01:08:32

• Gold Ends Thurs at New Record Closing High; Hits New All-Time ... - BullionVault (press release)

  Gold Ends Thurs at New Record Closing High; Hits New All-Time ...BullionVault (press release), UK - 33 minutes ago... mortgage agencies, Fannie Mae and Freddie Mac, can now finance larger home loans, which in turn will lower mortgage rates on loans of up to $730000. ...
  2008-01-25 01:13:28

• New mortgage loans up 14.3% - News.gov.hk

  New mortgage loans up 14.3%News.gov.hk, Hong Kong - 30 minutes agoThe proportion of new loans approved at more than 2.5% below the best lending rate dropped to 87.9% from 90.9% in November, while the proportion of new ...
  2008-01-25 01:17:02

• Scandal another heavy blow for banking - Toronto Star

  Scandal another heavy blow for bankingToronto Star,  Canada - 13 minutes agoFed officials weren’t aware of any scandal unfolding in France when the US central bank took the extreme step of slashing interest rates by three-quarters ...
  2008-01-25 01:33:55

• Foreclosures grow, reversing trend (Spokane Journal of Business)

  Tightening credit and a cooling real estate market are the main drivers behind a 12 percent rise in foreclosures in Spokane County in 2007, although local observers say the higher foreclosure numbers here still would be the envy of much of the country.
  2008-01-25 12:08:25

• Existing-home sales plunged in '07 (Seattle Times)

  U.S. sales of existing homes fell in December, closing out a year in which sales of single-family homes plunged by the largest amount in...
  2008-01-25 12:14:15

• MGIC Shares Buffeted by Rising Payouts (Washington Post)

  MILWAUKEE -- With more homeowners defaulting on their loans, MGIC Investment Corp. now says it could pay $2 billion in claims this year.
  2008-01-25 12:42:03

• 30-Year Mortgages Rates Decline (Washington Post)

  WASHINGTON -- Rates on 30-year mortgages dropped for a fourth straight week to the lowest level in nearly four years, raising hopes that low rates will help spur a rebound in the hard-hit housing industry.
  2008-01-25 12:43:37

• Markets extend their gains to 2nd day Stocks climb on news (The Sarasota Herald-Tribune)

  NEW YORK -- Wall Street scored its second straight big advance Thursday after economic figures suggested the job market is holding up, and as lawmakers agreed on measures that could ease concerns about consumer spending.
  2008-01-25 01:31:48

• Business briefs (The Sarasota Herald-Tribune)

  TALLAHASSEE
  2008-01-25 01:32:21

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