Mortgage and Financial News From 2007-12-15 Page 9
Previous Day: 2007-12-14
Return to the mortgage news archive home.
Page: 01 2 3 4 5 6 7 8 9 10 11 12 13 14 15
16
-
Senate OKs refinancing into U.S.-insured loans (Honolulu Advertiser)
The Senate moved against the worsening mortgage crisis, voting to make it easier for thousands of homeowners with ballooning interest rates to refinance into federally insured loans.
2007-12-15 04:53:20 -
Larimer low in foreclosures
Coloradoan - These numbers come after last week's announcement from President Bush asking mortgage lenders and investors to freeze interest rates on some ARMS to help with the mortgage mess. Larimer County had some of the lowest foreclosing numbers in the ...
2007-12-15 03:52:00 -
Rates rise, after declining trend (WAVY 10)
WASHINGTON (AP) - Mortgage interest rates have risen over the past week. Freddie Mac says fixed-rate mortgages averaged 6.11% this week. That's up from 5.86% last week, the lowest in more than two years.
2007-12-13 11:42:42 -
Reviving Citigroup: Is breakup necessary?
Charlotte.com - ... already have gone through these breakup scenarios and found that the bank, its capital depleted by losses on mortgage ... The easiest to calculate is called "tier 1 leverage ratio," which is just a ratio of capital to total assets. If a bank had ...
2007-12-14 11:35:00 -
Lessons Learned: Use 'em or lose 'em -- tax trimming moves for 2007 (Lincoln Journal Star)
Think it’s too late to capture some last-minute tax breaks and deductions? Forget about trying to squeeze complex tax strategies into the final two weeks of December. Instead, consider a few simple but effective ideas.
2007-12-14 09:45:31 -
Escondido shuttle would connect Sprinter to downtown (North County Times)
ESCONDIDO ---- Aiming to make downtown Escondido more accessible to passengers on the new Sprinter light-rail line, city officials said they have begun exploring a special shuttle that would take arriving train passengers into the Grand Avenue business district for free.
2007-12-14 10:58:29 -
Reviving Citigroup: Is breakup necessary? (The Charlotte Observer)
Two days after Vikram Pandit took the top job at Citigroup Inc., the bank capitulated on its off-balance-sheet financing vehicles, lost its chief operating officer and began "a companywide review of our structure and expense base." But the big question hanging over Pandit is whether he should take a meat cleaver to the Citigroup empire. Doing so would please many investors and analysts who say ...
2007-12-15 12:13:48 -
A Little Here, a Little There and It’s Gone (NYTimes.com via Yahoo! Finance)
Where does the money go? As I tallied up our family’s income and expenses for the year, I was baffled.
2007-12-15 09:52:49 -
The hot stocks of 2008
News.com.au - ... fervently throughout 2008, as the local bourse finally digests the sub-prime ... Brambles (BXB) - Massive buyback and continued corporate interest to support stock ... BHP worker killed in mine Labour force: Unemployment rise eases rate risk Aviation ...
2007-12-15 05:54:00 -
Estate agents dropping out of market
Independent Online - The cumulative effect of the eighth interest rate increase since last June (prime now stands at 14,5 percent), has been significantly higher bond repayments. According to Absa Bank economist Jacques du Toit, average monthly repayment on a mortgage ...
2007-12-15 05:25:00 -
Use caution when borrowing from retirement plan
Chicago Tribune - You'll need to begin repaying the loan right away, typically at 1 or 2 percentage points above the prime rate, Meigs said. Most ... take a loan, then reinvest the money elsewhere for a higher return, paying yourself back in the workplace plan with interest ...
2007-12-15 06:15:00 -
Loan fund helps in Noble County
Marietta Times - The loans, typically running two to five years are set at the time of closing at a fixed rate which is half the prime rate. The current interest rate is just under 3.9 percent. There is no application fee and the closing costs have been less than ...
2007-12-14 10:52:00 -
Bumpy ride before happiness bounces back
News.com.au - The sub-prime meltdown will start to fade into distant memory like all the other ... the liquidity problem from broader issues of managing the economy with interest rates ... Hence the disappointment and criticism when the Fed cut the US official rate by ...
2007-12-15 07:27:00 -
HealthSouth, docs will settle claims
St. Petersburg Times - WASHINGTON - The Senate moved against the worsening mortgage crisis Friday, voting to make it easier for thousands of homeowners with ballooning interest rates to refinance into federally insured loans. The legislation, approved 93-1, would allow ...
2007-12-14 09:04:00 -
Negotiating a tricky real estate market
Austin American-Statesman - The majority of the loan programs that a borrower can use to refinance will require the borrower to document his/her employment, income and assets. This might not have been a requirement when they obtained their previous mortgage. If they meet ...
2007-12-15 08:17:00