Mortgage and Financial News From 2008-2-24 Page 21
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What the stimulus act means for homeowners
San Gabriel Valley Tribune - Those of you with second mortgages on your homes are in for even greater savings. The prevailing thought in Southern California is that the conforming loan limit will rise to $729,750 for all homes.
2008-02-22 03:59:00 -
Lenders Fighting Mortgage Rewrite
Washington Post - The legislation would allow bankruptcy judges for the first time to alter the terms of mortgages for primary residences. ... Durbin (Ill.), the Senate's second-ranking Democrat and author of a leading version of the legislation.
2008-02-22 05:51:00 -
U.S. Stocks Fall, Led by Financials; Fannie Mae, Goldman Drop
Bloomberg - Feb. 22 (Bloomberg) -- U.S. stocks fell for a second day, led by financial shares, on concern that profits at brokerage firms will decline and dropping demand for mortgages will curb growth at Fannie Mae and Freddie Mac. Goldman Sachs Group Inc. and ...
2008-02-22 10:30:00 -
Second foreclosure crisis?
Cleveland Plain Dealer - Second foreclosure crisis? ... They hold the mortgages and charge interest of 10 percent to 12 percent.
2008-02-24 03:32:00 -
Freddie Mac boosts fees again
Reuters - NEW YORK (Reuters) - Freddie Mac (FRE.N: Quote , Profile , Research ), the second-largest provider of financing for U.S. residential mortgages, will add fees on riskier mortgages for a third time to cushion itself from the housing slump, Chief ...
2008-02-20 03:54:00 -
Rural Iowa poised for hit from foreclosure problems
Des Moines Register - The number of adjustable-rate mortgages that will reset to higher interest rates ... Subprime, adjustable-rate loans drive the nation's mortgage crisis, which has been ... into an adjustable rate when they closed on the loan, and promised it would only ...
2008-02-24 01:59:00 -
Stimulus package opens window for high-end housing
Seattle Times - ... Washington, D.C., and Boston, it is home buyers emboldened by the prospect of larger loans at lower interest rates. Daniel Billett, a mortgage ... For years, the rates on jumbo loans — those for more than $417,000 — were only slightly higher than ...
2008-02-23 12:06:00 -
House passes subprime-mortgage bill
Statesman Journal - House passes subprime-mortgage bill Legislation would let prepayment penalties expire ... housing market, and those with shaky credit history qualified for high-interest ... Oregon only has limited control over national lenders. I am surprised that the ...
2008-02-22 07:24:00 -
Program to offer aid for home down payments
NW Arkansas Times - ... and requirements Victor Turner, home grant manager for the Arkansas Development Finance Authority, said only people ... Harding said the Home to Own program gives approved applicants a 30-year, fixed-rate mortgage at an interest rate of 5. 125 percent.
2008-02-24 03:40:00 -
Earnings outlook cut despite results
The Australian - But the uncertain interest rate environment and the Reserve Bank's aim to reduce non ... The prospect of inflation reaching close to 4 per cent and only falling back to ... the risks of the global credit tightening for Australian businesses and mortgage ...
2008-02-24 06:31:00 -
Czech Komercni FY net profit above expectations, 180 crown div ...
Forbes - ... full-year 2007 beating analysts's expectations, helped by strong growth in mortgage ... The bank said net interest income for the full year grew to 18.67 bln crowns, up ... News and its third party content providers for your personal information only ...
2008-02-22 01:55:00 -
Food Used To Fire Up Interest At Expo
Hartford Courant - The only drawback, Saez and others said, was trying to eat and concentrate on mortgage options at the same time. ... representatives and recruiters said Saturday that they noticed a heightened interest and ...
2008-02-23 11:58:00 -
Lenders axe 100%-plus home loans
Financial Times - Two lenders, Scottish Widows and Dunfermline Building Society, remain in the 100 per cent plus mortgage market, though only for ... than the value of their property may have to stay with their existing lender at a significantly higher interest rate
2008-02-22 05:32:00 -
Tax Savings for Domestic Partners
Washington Post - But on a mock jo int return only a single $25,000 loss would be allowed. ¿ Mortgage interest deduction. On a federal return, a homeowner¿whether married or single¿can deduct interest on up to $1 million of debt used to buy a home and up to $100 ...
2008-02-22 08:00:00 -
Tax Changes And Rebates
Hartford Courant - Luscombe said to include the 2007 premiums on mortgage insurance in your mortgage-interest deduction. There's a catch, however. This only applies if the mortgage-insurance contract was issued in 2007, said Harris Abrams, senior tax analyst at RIA ...
2008-02-23 11:58:00