Mortgage and Financial News From 2008-3-9 Page 15
Previous Day: 2008-03-08
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Managing rate hikes a juggling act
News.com.au - For people looking to refinance, the choices are mind-boggling. There have never been more lenders competing to win your mortgage business than there are now.
2008-03-09 06:25:00 -
Many ideas, but few are helping fix mortgages
San Diego Union-Tribune - Barney Frank, D-Mass., is pushing to help the FHA refinance 1 million troubled homeowners, as long as lenders agree to reduce their principal.
2008-03-09 07:00:00 -
Beward of rolling short-term money woes into mortage
News.com.au - But the difficulty, especially when brokers are involved, is they are encouraged to refinance into a product that might not be suitable for their needs and be more expensive in the end.
2008-03-09 06:53:00 -
Many homeowners still trapped in Ameriquest loans
Atlanta Journal Constitution - The Andronicas went through with a refinance with Ameriquest. They thought everything was fine until Kelly put in a call to the company to find out why their property taxes had not been paid.
2008-03-09 09:52:00 -
10 easy ways to stretch your budget
Los Angeles Times - If you have an adjustable-rate mortgage, refinance with a 30-year fixed-rate loan. Your biggest monthly expense will flat-line -- and eventually drop off a cliff.
2008-03-09 09:16:00 -
The Case for a Housing Rescue
Washington Post - Of course, not all borrowers would be able to refinance, but the number of foreclosures could still be substantially reduced. This plan would use the Federal Housing Administration 's authority to guarantee certain loans to induce a renewed ...
2008-03-09 10:14:00 -
A brutal week for credit markets (San Francisco Chronicle)
Problems in the banking and credit markets intensified last week, spreading to sectors that had been weathering the storm. The week started with Thornburg Mortgage, which specializes in high-quality jumbo loans, saying it couldn't meet margin calls from...
2008-03-09 12:34:16 -
TAKE NO CREDIT (New York Post)
The banking sector's fear of practically any type of debt is fueling a credit crisis that in all likelihood has already sent the US economy into a recession, Wall Street insiders said last week. Banks, having written down more than $180 billion of...
2008-03-09 01:28:05 -
Bank juggles inflation troubles, growth demands (Việt Nam News)
HA NOI — The State Bank of Viet Nam announced yesterday measures to curb inflation while encouraging high economic growth. The SBV confirmed that it would continue to offer capital assistance to commercial banks to guarantee payments through their professional instruments.
2008-03-09 01:42:34 -
Not many takers for FM's call for lower home loan rates (The Economic Times)
Finance Minister P Chidambaram's pitch for a differential and lower rates for home loans below Rs 20 lakh has found few takers among public sector banks.
2008-03-09 04:09:38 -
US tips towards a slump (Herald Sun)
GLOBAL investment group Merrill Lynch claims the mortgage crisis has worsened and is spreading to other credit markets as the US tips towards recession.
2008-03-09 06:00:00 -
Pressure on Rudd to spell out plans (News Interactive)
KEVIN Rudd has been told to come clean on his plans for carers' bonuses after saying they would not be "left in the lurch".
2008-03-09 07:08:00 -
Borrow At Bargain Rates OR Earn 10% A Year On Your Investments (The Motley Fool)
Whether you want to borrow a cheap loan or earn a huge return on your investment, we have an innovative but increasingly popular solution for you...
2008-03-09 11:30:17 -
Home sweet home (The Lewiston Sun Journal)
Nestled in a quiet Lewiston neighborhood, the little, yellow, two-bedroom - with its hardwood floors, built-in hutches and one-car garage - was Deborah Lavoie's dream house.
2008-03-09 01:12:17 -
Some jumbo mortgages can cause big trouble (Louisville Courier-Journal)
Daniel H. Mudd knows the feeling when a physician attends a party and a guest wants a diagnosis for some ailment. In Mudd's case, people often they ask him if it's a good time to refinance their mortgage.
2008-03-09 03:08:40
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