Mortgage and Financial News From 2008-2-24 Page 29
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Countrywide expands aid to subprime borrowers
Baltimore Sun - ... offer options to Countrywide borrowers with subprime hybrid ARMs who have strong payment records but may face or are already facing difficulty with higher payments because of interest rate resets. Those borrowers may be able to refinance into a prime ...
2008-02-23 03:58:00 -
Trickle-down effect could boost economy (The Myrtle Beach Sun News)
There's plenty of bad news for the many Brunswick County people following national real estate trends: prices plunging by an amount not seen in decades and sales stagnant or at a snail's pace in 2007. Whether the market bounces back in 2008 is anybody's guess. But officials say interest-rate cuts to start the year already have helped, and some expect inventory to be further lowered this year, ...
2008-02-23 10:11:02 -
Get out from under your mortgage (Arizona Daily Star)
Maybe you've heard the pitches about how rates are falling and you need to act NOW to take advantage of them. Or maybe you're dreading that pending jump in the rate on your adjustable-rate mortgage. Or maybe you feel you're sinking and aren't sure there's a way out. Whichever way, here's what you need to know about refinancing.
2008-02-23 11:17:55 -
Banks Q3 interest incomes surges by 36%: Assocham (The Economic Times)
Interest income of the banking industry on an average have gone up by 36 per cent during October-December quarter 2007 despite slowdown in credit off take, following high interest rate regime being unleashed by RBI.
2008-02-23 11:39:46 -
The Australian Dollar (PRWeb)
Jack Crooks takes a closer look at the Australian dollar. In this issue of Money and Markets, Mr. Crooks examines the Australian economy and determines why there could be a possible boost in their dollar. (PRWeb Feb 24, 2008) Read the full story at http://www.prweb.com/releases/2008/02/prweb719094.htm
2008-02-24 12:10:17 -
Dallas Fed chief not afraid to buck traditional views on economy (Dallas Morning News)
Step into the five-story vault beneath the Federal Reserve Bank of Dallas and you're hit with the smell of money, crisp and fresh like from an ATM ... multiplied by millions.
2008-02-24 12:44:55 -
ALL BUSINESS: Fed rate cut futility (El Paso Times)
NEW YORK—So the Fed's interest rate cuts were supposed to make borrowing easier, right? If only that were so.
2008-02-24 01:13:15 -
Courier News Online - Metuchen's Buono targeting government waste (Bridgewater Courier News)
Gov. Jon S. Corzine and the state Legislature face a daunting challenge at a time when the economy is weak and residents' confidence in state government is eroding, said state Sen. Barbara Buono, chairman of the powerful Senate Budget and Appropriations Committee.
2008-02-24 01:41:06 -
Homes Worth Less Than Their Mortgages
ABC News - The lenders and banks could voluntarily refinance mortgages, but the banks would take a major hit. The lenders could sell the mortgages to the federal government, which could then refinance those mortgages with fixed rate federal loans.
2008-02-21 03:53:00 -
Avoid rollover and refinancing penalties
CNN Money - We want to refinance, but we don't know if there is a certain length of time we need to wait. What's the best thing for us to do? - Crystal, Michigan
2008-02-22 10:01:00 -
Tycoon Peter Cullum bags a fortune at £3bn insurer
Times Online - Separately, Cullum has also asked HBOS, the bank, to refinance a £1billion loan at Towergate. GILES Insurance Brokers is being bought for £185m by private-equity group Charterhouse.
2008-02-23 12:52:00 -
Number of Palm Beach County homeowners facing foreclosure surges
Fort Lauderdale Sun-Sentinel - If borrowers complained, brokers and lenders said they could use the growing equity in their homes to refinance or sell the properties outright.
2008-02-23 08:59:00 -
Homeowners' dreams dashed by threat of foreclosure
Journal-News - But after trying every avenue to make the payments, the she said the bank refused to refinance, saying they did not receive the paperwork necessary to change the loan, Tindall said.
2008-02-23 08:37:00 -
First Priority Financial Launches Innovative New Employee Benefit
PR.com - It’s a great way for companies to improve their employee benefits package without incurring a great deal of cost, while offering employees a service that can benefit them by helping them finance or refinance their homes.
2008-02-23 11:51:00 -
Huge rise in home repossession
Western Telegraph - ... STUB BOOKS payroll stub payrday pay day payday loans proof of income for payday loan processor fake pay stubs fake payroll stubs fake check stubs make fake paystub bad credit instant proof of income letter fake check car loan real estate refinance ...
2008-02-22 11:52:00