Mortgage and Financial News From 2007-11-3 Page 01
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Stand by for the state to interfere more in our lives
Times Online - ... spent the week sorting through the fluctuations in share prices and interest rates ... Another is the enduring consequence of the problems in the credit and mortgage markets ... The result will be more expensive mortgages, and a continued decline in home ...
2007-11-03 04:41:00 -
Notes On The News With Paul Maidment
Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists ... In September, it had cut rates by half a percentage point, an unexpectedly large ... don't in the succession of multibillion-dollar write-downs from the subprime mortgage ...
2007-10-30 05:57:00 -
Oil Off on Profit-Taking, Economic Worry
Chicago Tribune - The Federal Reserve's decision to cut interest rates a quarter-percentage point on ... Oil investors worry that the problems in the mortgage and credit markets could spread ... Home > Business
2007-10-31 05:56:00 -
Home sales plunge in El Paso
El Paso Times - ... national downturn in home sales are hurting sales here. Excess housing inventory and low interest rates make this a good time to buy a home ... Liz Olague, a Realtor at Keller Williams Realty, said finding people who qualify for a mortgage loan has ...
2007-11-03 11:00:00 -
Political 'solutions' create more problems
Detroit News - ... vying with each other to come up with a solution to the housing crisis, brought on by widespread defaults on home mortgage loans ... Government also created the temporarily very low interest rates that made the mortgages seem affordable for the moment. ...
2007-11-03 11:00:00 -
Region's home sales drop
Hampton Roads Daily Press - After this week's Federal Reserve interest rate cut, historically low mortgage rates should make the market more attractive for buyers. The pricing resiliency in Hampton Roads stands in contrast to the national market, where the September home values ...
2007-11-03 11:07:00 -
Tortuous Short Sales: Cheaper Purchases That Aren't Always Worth It
Washington Post - It's been pretty prevalent in our market, that's for sure," said Laura Triplett, branch manager for SunTrust Mortgage in Woodbridge . We can expect to see more as long as home prices fall and as more adjustable-rate mortgages reset to higher rates that ...
2007-11-03 08:44:00 -
Looking Around For Mortgage Assistance (The Post-Journal)
Summer saw a dramatic shift in rates for mortgages across the country, and the change was not a good one.
2007-11-03 09:05:48 -
Retail vacancy in Las Vegas still among lowest in country
Las Vegas Review Journal - The retail vacancy rate in Las Vegas remains among the five lowest in the country at 4.57 percent, CB ... Research Services said retail growth in recent years was largely supported by housing and mortgage refinancing. With low interest rates and ...
2007-11-03 01:53:00 -
Economic downturn could be bad for state's economy
Grand Island Independent - Difficulties in the subprime mortgage industry, rising energy costs and other ... professor, Ernie Goss, Midwest business conditions have plummeted to the lowest ... In many cases, they made loans to people at low initial "teaser" rates, which ...
2007-11-03 10:03:00 -
Act now to avoid misery of housing market slump
Guardian Unlimited - At the same time, take the opportunity to look at all of your borrowing to see if you can switch any of your loans, credit cards and other financial products to better deals to save money. 'Your mortgage may actually be one of your cheapest debts ...
2007-11-03 05:16:00 -
Developers Plead Guilty In MN Mortgage Fraud Case
WCCO - Along with his co-conspirators, Parish used straw buyers to obtain at least $100 million in loans, then used that money to build more homes, make mortgage payments on some of them and keep the scam going. The company made at least $25 million on ...
2007-11-03 03:43:00 -
Fix-fee record for Abbey
Times Online - ABBEY, Britain’s second biggest lender, has taken mortgage charges to new levels with a two-year fixed rate deal with a hefty £9,999 arrangement fee – the highest fixed fee ever for a residential mortgage. It is charged on larger loans of ...
2007-11-03 03:36:00 -
Donna Cassutt: Retirement money for mortgages? Bad idea
Minneapolis Star Tribune - Over half the mortgage loans were made by independent lenders without any federal supervision." But under Coleman's proposal, mortgage bankers are held harmless for their role in this crisis while homeowners are asked to dip into their retirement money
2007-11-03 04:19:00 -
Developers plead guilty in mortgage fraud case (KARE 11 Minneapolis-St. Paul)
A longtime home builder, his wife and son-in-law have pleaded guilty for their roles in a mortgage fraud scheme that bilked lenders and
2007-11-03 07:30:58