Mortgage and Financial News From 2007-12-15 Page 6
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Market direction? Buckle your seat belts
Minneapolis Star Tribune - ... effect of a weak U.S. dollar, where the Federal Reserve will take interest rates ... credit market, higher energy prices and a surge in auto, credit-card and mortgage ... RiverSource Investments: One of the most surprising aspects of the current ...
2007-12-15 01:46:00 -
Paid in Dollars, Some Americans Are Struggling in Europe
New York Times - With plunging exchange rates, American expatriates whose pensions or incomes are ... to start a freelance video production company that supplies clients like Current TV ... of cheaper living, which reduced his monthly housing costs from a $6,000 mortgage to ...
2007-12-15 01:11:00 -
Fed planning to crack down on shady mortgage lending practices
Detroit News - Lenders may charge higher rates for such loans, the Fed says. Mortgage lenders say these loans are appropriate for many borrowers, including ... and "needed to help eliminate the kinds of predatory lending practices that exacerbated the current ...
2007-12-15 02:44:00 -
The New Entitlement (Washington Post)
She who would be president excoriates, as Democratic presidential candidates must, the current president and almost all his works. But she and he largely agree regarding the subprime mortgage problem. Granted, she greeted his response to it with the cri de coeur without which Democrats would be speechless: "More!" She upped his ante by proposing a moratorium, for 90 days, on foreclosures. But ...
2007-12-15 12:32:46 -
Ways to come out ahead in a time of falling rates (Chicago Tribune)
H oliday bills have you worried? Bracing for your mortgage payment to reset higher? Have a certificate of deposit coming due?
2007-12-15 07:01:05 -
AP Business NewsBrief at 3:01 p.m. EST
CNBC - WASHINGTON (AP) _ People taking out home mortgages may gain new protections soon against shady lending practices as the ... mortgage crisis Friday, voting to make it easier for thousands of homeowners with ballooning interest rates to refinance into ...
2007-12-15 11:59:00 -
Flood of foreclosures creates new business
St. Petersburg Times - Homeowner took a nice refinance opportunity ... Almost all of them, if they didn't refinance, they'd still be in their houses." To persuade a bank to accept a short sale, Tuten needs to establish that the homeowner can't afford the payment and the home ...
2007-12-15 12:35:00 -
How to Determine if it's Time to Refinance (Albert Lea Tribune)
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance? Are the rates and the current mortgage market the best indicators?
2007-12-15 01:47:50 -
The Credit Crisis Grows
US News and World Report - ... investor Warren Buffett as he surveyed the morning-after wreckage of the subprime mortgage lending crisis. The continuing destruction can now be called a credit ... If those losses were incurred by individuals it would be bad enough. But leveraged ...
2007-12-13 02:46:00 -
Bookmark This! - Part 1
HamptonRoads.com - ... this multi part blog, I will unveil the hidden treasures, the good and the bad ... information can include pending judgments, financial information on your mortgage and ... Judge shows Vick accomplice leniency for his cooperation ยป Famed surgeon a credit ...
2007-12-15 10:40:00 -
Citigroup Puts SIVs on Balance Sheet
Chicago Tribune - ... uncertain how much the bank's financial muscle has atrophied amid the tight credit ... And third, Citi's exposure to bad debt through SIVs is minimal compared to the ... Of that $55 billion, about $43 billion is exposure to CDOs, with mortgage- or asset ...
2007-12-15 08:46:00 -
South Africa's Rand Posts First Weekly Decline in Three on Risk
Bloomberg - ... into financial markets were a sign further credit problems could materialize. Financial institutions have reported more than $70 billion of losses related to subprime mortgage defaults, making banks reluctant to lend money. ``It's a bad ...
2007-12-15 02:12:00 -
Huck's Border Scam
Slate - In other words, he could win but not get credit for it by the time the winners are declared. 9:55 A.M. ... in any case, but rather other Americans, who want the laws enforced and immigration reduced, but don't want to feel bad ...
2007-12-15 12:35:00 -
Investors Anxiously Await Bank Earnings
Newsday - The funds borrow short-term money and invest it at a higher rate in mortgage, bank and credit card debt. Citigroup Inc. said it plans ... The banks have to work through all the bad if we're ever going to move forward." Hogan believes steps taken by ...
2007-12-15 11:23:00 -
What Bankers Fear
Washington Post - The global credit squeeze that began last summer still hasn't run its course, and ... they need to let the adjustment happen in financial markets, with prices of mortgage ... The Japanese banks were allowed to keep bad loans on their books, in the hope ...
2007-12-15 11:23:00