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
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