Mortgage and Financial News From 2008-2-12 Page 8

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  • Earlier Subprime Rescue Falters - Wall Street Journal

    Earlier Subprime Rescue FaltersWall Street Journal - 22 minutes agoAn earlier plan, brokered in December by the Treasury Department, called for the mortgage industry to freeze interest rates or expedite refinancing for ...
    2008-02-12 09:30:31

  • How Project Lifeline Will Help - Associated Content

    How Project Lifeline Will HelpAssociated Content, CO - 3 minutes agoI hope that's long enough for them to either negotiate a new deal with their lender, refinance or sell. I know firsthand from my own foreclosure back in the ...
    2008-02-12 09:49:37

  • Foreclosures Nearly Half Of Local Home Sales (KCRA 3 Sacramento)

    In some parts of California lately, nearly 50 percent of home sales come from foreclosed houses.
    2008-02-12 04:20:45

  • WASHINGTON (AP) - A growing share of home sales are from foreclosures, especially in states hardest hit by the housing ... (KOLO 8 Reno)

    The trend, which is putting additional downward pressure on home prices, is most notable there and in Nevada, Colorado, Tennessee and Michigan, but is also evident in Ohio, Georgia, Florida and Arizona, according to an Associated Press comparison of 2007 sales and foreclosure data.
    2008-02-12 05:01:48

  • Foreclosures Rising, Hurting Prices (KMGH 7 Denver)

    The Bush Administration announced an initiative Tuesday aimed at helping homeowners keep their homes from foreclosure.
    2008-02-12 05:02:35

  • Foreclosures eat into sold rates (The Press-Enterprise)

    HOME SALES: In some areas they are forcing down prices, causing less-urgent sellers to hold back.
    2008-02-12 08:47:28

  • Mortgage Workouts, Now Tax-Free for Many Homeowners; Claim Relief on Newly-Revised IRS Form (SmartPros Accounting)

    Feb. 13, 2008 (SmartPros) Homeowners whose mortgage debt was partly or entirely forgiven during 2007 may be able to claim special tax relief by filling out newly-revised Form 982 and attaching it to their 2007 federal income tax return.
    2008-02-12 09:15:52

  • Foreclosures rising as share of sold homes in hard-hit cities, hurting prices (Daily Record)

    WASHINGTON (AP) -- A growing share of home sales are from foreclosures, especially in states hardest hit by the housing bust. In some parts of California lately, nearly 50 percent of home sales come from foreclosed houses.
    2008-02-12 09:41:31

  • Credit Unions Offer Lifeline On Mortgages

    Wall Street Journal - ... When it looked like Candido Rodrigues would lose his home, he was rescued by an unexpected source: a credit union. Like many homeowners caught in the credit crunch, Mr. Rodrigues, a social worker, faced rising interest rates on his subprime mortgage ...
    2008-02-12 08:43:00

  • Ariz. banks join 'Lifeline' to aid homeowners

    AZCentral.com - Their home values, mortgage rates and personal cash flow are so out of whack that 30 days won't make a big difference." Lenders will start the process with letters announcing the program to delinquent borrowers. If a payment plan can be reached ...
    2008-02-12 07:53:00

  • Australia's Westpac consumer sentiment index falls in February after ...

    Forbes - The rate hike followed an average 0.15 percent increase in new and existing variable mortgage rates by major banks in January and two previous increases of a quarter percentage point each in the central bank's cash rate in August and November last ...
    2008-02-12 03:57:00

  • Commonwealth Bank shares tumble despite record profit

    News.com.au - How the big banks compare Mortgage rates: How the big banks compare Herald Sun accepts no responsibility for the content of any external sites we link to
    2008-02-12 05:51:00

  • Paulson, US banks line up new plan to cut mortgage foreclosures

    Economic Times - Federal Reserve officials project about 2 million homeowners face higher mortgage rates over the next two years as their loans reset higher Economists at the Federal Deposit Insurance estimate foreclosures this year will be about 1 million more ...
    2008-02-12 07:03:00

  • US mortgage rates up 1/8 point on Tuesday-BestInfo

    Reuters - NEW YORK, Feb 12 (Reuters) - The average rate on a 30-year U.S. mortgage with no upfront points rose 1/8 percentage point to 6 percent on Tuesday, according to BestInfo Inc. The 30-year mortgage rate with one upfront point increased 1/8 percentage ...
    2008-02-12 01:41:00

  • GCC economy outlook positive - Middle East North Africa Financial Network

    GCC economy outlook positiveMiddle East North Africa Financial Network, Jordan - 1 hour agoReal estate prices will stay firm as delays in project delivery, rise in construction costs, rapid inflow of expatriates and growth in mortgage finance ...
    2008-02-12 08:09:28

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