Mortgage and Financial News From 2008-2-12 Page 9

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  • Lifeline for Whom? - New York Times

    Lifeline for Whom?New York Times, United States - 1 hour agoWhen pressed by government officials, the mortgage industry has repeatedly pledged to modify the loans of at-risk borrowers. ...
    2008-02-12 08:16:57
  • Rate hikes fail to deter home buyers - The Age

    Rate hikes fail to deter home buyersThe Age, Australia - 1 hour agoCommSec equities economist Savanth Sebastian said the chronic housing shortage meant homebuyers were prepared to take on higher mortgage repayments in order ...
    2008-02-12 08:17:52
  • GCC oil, gas export to top $450bn: Report - Middle East North Africa Financial Network

    GCC oil, gas export to top $450bn: ReportMiddle East North Africa Financial Network, Jordan - 41 minutes 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 08:40:49
  • Commonwealth Bank Profits Hit By Credit Crunch - Daily Reckoning - Australian Edition

    Commonwealth Bank Profits Hit By Credit CrunchDaily Reckoning - Australian Edition, Australia - 36 minutes agoOn top of the 10 basis point preemptive raise in January, Australia’s largest home lender now charges 8.97% for its variable rate mortgage loans. ...
    2008-02-12 08:46:09
  • White House, lenders announce 'lifeline' for homeowners nearing ... - Press-Enterprise

    White House, lenders announce 'lifeline' for homeowners nearing ...Press-Enterprise, CA - 28 minutes agoLocal mortgage brokers and counselors said this offer could rescue some homeowners but will fall short for many who can't afford their mortgage payments. ...
    2008-02-12 08:54:31
  • No Easy Solution to Foreclosure Problem - Fox 28

    No Easy Solution to Foreclosure ProblemFox 28, IN - 26 minutes agoA recession, rising interest rates, and a high sub-prime mortgage market. "This right now is the toughest market I've seen," says American Mortgage broker ...
    2008-02-12 08:56:02
  • Cost of rent stops rising as supply doubles - Irish Independent

    Cost of rent stops rising as supply doublesIrish Independent, Ireland - 24 minutes agoIt highlights the increasing pressure on the property market and signals how some are struggling to service their mortgage debts. ...
    2008-02-12 08:57:54
  • How Fed Rate Cuts Are Helping to Fuel A Hong Kong Boom - Wall Street Journal

    How Fed Rate Cuts Are Helping to Fuel A Hong Kong BoomWall Street Journal - 22 minutes agoThe unintended result: home-loan rates so cheap that they are throwing more fuel on an already scalding property market. A typical mortgage here -- which is ...
    2008-02-12 09:00:30
  • Voters Feel Mortgage Crisis - Wall Street Journal

    Voters Feel Mortgage CrisisWall Street Journal - 22 minutes ago... oversight of mortgage lenders, while Mr. Schauer is pushing proposals to stiffen oversight of loan officers and ease foreclosure rates among veterans. ...
    2008-02-12 09:00:32
  • Mortgage 'lifeline' falls short, critics say - Pittsburgh Tribune-Review

    Mortgage 'lifeline' falls short, critics sayPittsburgh Tribune-Review, PA - 21 minutes ago... scheduled to reset to sharply higher rates over the next two years. The Mortgage Bankers Association reported that at least 1.3 million home mortgage ...
    2008-02-12 09:01:06
  • A 30-day reprieve from foreclosure for some homeowners - Minneapolis Star Tribune (subscription)

    A 30-day reprieve from foreclosure for some homeownersMinneapolis Star Tribune (subscription), MN - 20 minutes agoPlymouth mortgage banker Alex Stenback is among the new program's skeptics. Staving off immediate foreclosures by freezing adjustable rates or refinancing ...
    2008-02-12 09:02:10
  • The Mortgage Crisis | Lenders offer ‘lifeline’ - The State

    The Mortgage Crisis | Lenders offer ‘lifeline’The State, SC - 18 minutes agoBut in December, he negotiated a deal to freeze rates for five years on some subprime loans. He now wants lenders to go further by lowering loan terms for ...
    2008-02-12 09:04:03
  • Credit Unions Offer Lifeline On Mortgages - Wall Street Journal

    Credit Unions Offer Lifeline On MortgagesWall Street Journal - 18 minutes agoLike many homeowners caught in the credit crunch, Mr. Rodrigues, a social worker, faced rising interest rates on his subprime mortgage. ...
    2008-02-12 09:04:28
  • Do nothing seems like best advice - Hawkesbury Independent

    Do nothing seems like best adviceHawkesbury Independent, Australia - 17 minutes agoThere's an initial 15percent tax if you salary sacrifice, and a 15percent tax on whatever that money earns, compared with income tax rates of up to ...
    2008-02-12 09:04:42
  • Government plan to help avoid foreclosure - San Francisco Chronicle

    Government plan to help avoid foreclosureSan Francisco Chronicle,  USA - 14 minutes ago... Paulson and lenders announced another plan designed to put some borrowers on a fast track to a five-year freeze on their mortgage interest rate. ...
    2008-02-12 09:08:28