Mortgage and Financial News From 2007-12-15 Page 15
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Builders try to spur new-home sales with a variety of promotions
Arlington Heights Daily Herald - A second choice is to have the builder pay the mortgage on the buyer's existing home for up to one year. The company builds in Cook and Lake counties. KLM Builders Inc. is offering a rent-to-buy plan for three existing townhouses at Woodland Ridge in ...
2007-12-14 10:16:00 -
The NRA's Main Target? Its Members' Checkbooks.
Washington Post - Who knows how much cash, thanks to the NRA, has found its way to the company that arranges the association's travel tours, allows members to buy a home through NRA real estate brokers, finance it via an NRA mortgage, save with NRA banking services ...
2007-12-14 08:43:00 -
Fed Reserve's Effort To Curb Mortgage Excesses Falls Short Of More ...
Free Internet Press - The Federal Reserve is set to change home-loan lending practices that are blamed for pushing the nation into a housing downturn, but the effort is expected to fall short of far more stringent efforts by the U.S. Congress. The new Fed rules, which may ...
2007-12-14 10:16:00 -
It's Not Just Owners
US News and World Report - You don't have to own a house to get into trouble in the mortgage mess. Take Rachel Muñoz and her family. They face eviction from their Denver-area home after their landlord skipped out without telling them the house was about to be foreclosed on ...
2007-12-14 08:57:00 -
Special options are available to registered members.
Twin Falls Times-News - Wasden says Ameriquest used high-pressure sales tactics to foist loans on homeowners trying to consolidate credit card debt in a new home mortgage. Ameriquest denied wrongdoing, but agreed to adopt new standards to prevent what states said amounted to ...
2007-12-14 10:23:00 -
Shortage of clarity bedevils investors
Los Angeles Times - You are here: LAT Home > Business News ... The Bush administration on Dec. 6 announced a program to stem the foreclosure wave, under which mortgage lenders would ...
2007-12-14 11:56:00 -
An analyst who warned firm of subprime mess
Philadelphia Inquirer - NEW YORK - Throughout 2006, T. Rowe Price analyst Susan Troll watched in horror as one risky mortgage deal after another came to market. She became alarmed by a widening trend: mortgage lenders issuing home loans of poor quality - that is, subprime ...
2007-12-14 11:56:00 -
MORTGAGE LENDING Fed's proposal to urge transparency
Chicago Tribune - The Federal Reserve Board is scheduled to meet Tuesday to consider rules under the Home Ownership and Equity Protection Act, which would address unfair mortgage lending practices. "In formulating its proposal, the Board has looked closely at practices ...
2007-12-14 11:56:00 -
Citigroup to bail out $49 bn in credit crunch: Pandit
Hindustan Times - Just two days after taking over, Citigroup's new head Vikram Pandit has taken the bull by the horns, with the giant bank saying it would assume $49 billion of debt in the US's unravelling home-mortgage credit meltdown. The decision to bring the so ...
2007-12-14 09:26:00 -
New rules urged for risky home loans
Seattle Times - A statewide mortgage task force on Friday recommended new rules to prevent consumers from losing their homes to risky loans they can't afford. Among the recommendations: banning aggressive sales tactics that "steer" people into more costly loans than ...
2007-12-15 12:10:00 -
Officials hope interest rate cut will spur home sales (Today's News-Herald)
Home sales in November showed little change from past months, signaling that the housing market, still reeling from a nationwide mortgage crisis, has yet to break out of its lingering slump.
2007-12-14 10:02:35 -
Australia, Japanese Money Market Rates Rise on Credit Crunch
Bloomberg - The interest rates Malaysian banks charge each other for three- month loans held at 3.61 percent, little changed since August as ... We have an opposite situation where there's excess liquidity and the country is running a large current-account surplus ...
2007-12-13 10:24:00 -
'You have to learn new skills in business'
Times of India - At a current market valuation of $30 billion, even a blind guess would put them among the top five richest families in ... He boils down the troubles to two issues - high interest rates coinciding with the troughs in a cyclical industry. The latter ...
2007-12-14 09:40:00 -
Fed disappointment sinks loonie
Globe and Mail - In a carry trade, investors borrow in currencies with low interest rates, such as the yen, to buy higher-yielding assets. “The current environment of elevated risk aversion and unwinding of carry trades is an environment where the Canadian dollar ...
2007-12-10 03:54:00 -
Wall St indexes fall as inflation worries weigh
International Herald Tribune - ... Stocks swooned on Friday on concerns that surging inflation may prevent the Federal Reserve from lowering interest rates enough ... maker of power tools and hardware said that weaker-than-expected business conditions would hurt results for the current ...
2007-12-14 02:23:00