Mortgage and Financial News From 2008-3-15 Page 12

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  • Should You Unlock Capital From Your Home? (The Motley Fool)

    Does it make sense to borrow more money against your home?
    2008-03-15 08:59:49
  • A Penny Saved is a Penny Spent (Newsweek)


    2008-03-15 09:13:30
  • On day of Bear bailout, economy's cracks widen (San Francisco Chronicle)

    It started with subprime mortgages, spread to the rest of housing, moved on to stocks and worked its way into virtually every corner of U.S. financial markets. Now, seven months after the housing bust ushered in a period of fear and loathing on Wall Street,...
    2008-03-15 09:49:08
  • Mortgage rates dip, soar

    Daily Herald - One week ago, you could have gotten a great rate on a 5/1 adjustable-rate mortgage to finance that dream home with a white picket fence in the suburbs. How times have changed. "The ARM market melted down basically in a week," says Bob Walters, chief ...
    2008-03-13 05:54:00
  • Mortgage relief plan falling short

    MSNBC - ... flagship program to give struggling homeowners relief from overwhelming mortgage ... during the height of the lending boom, are scheduled to reset to interest rates ... like HOPE, which helped with the depression I was going through of losing my home ...
    2008-03-13 07:53:00
  • Fed chief steps around big questions

    Tacoma News Tribune - ... fresh warnings Friday about a gathering wave of home foreclosures bearing down on American communities, while pledging new regulations to limit the impact and crack down on predatory mortgage lending. “Mortgage delinquency and foreclosure rates ...
    2008-03-15 01:10:00
  • U.S. Stocks Drop for Third Week as Bear Stearns Gets Financing

    Bloomberg - ... years after the Fed announced additional measures to help banks cope with mortgage ... run out of capital, it would appear this intangible news is starting to hit home. ... spur trading of debt securities other than Treasuries, which lower interest rates ...
    2008-03-15 06:25:00
  • Florida No. 1 in mortgage fraud; foreclosures up 60%

    USA Today - Nevada ranked second in mortgage fraud, up from No. 6 a year ... index" by comparing fraud reports with the number of home loans made in each state. It cited FBI statistics showing 46,700 mortgage ... and Florida showing the highest foreclosure rates.
    2008-03-13 11:42:00
  • Radio Address by the President to the Nation

    CNBC - For example, one proposal would give bankruptcy courts the authority to reduce mortgage debts by judicial decree. This would make it harder to afford a home in the future, because banks would charge higher interest rates to cover this risk.
    2008-03-15 07:01:00
  • This big rescue may be just the beginning

    Los Angeles Times - ... after getting caught on the wrong side of a sharp jump in interest rates. ... Even as investors poured hundreds of billions of dollars into sub-prime-mortgage ... The only true solution would be to get home prices up," said Jeffrey Gundlach ...
    2008-03-15 05:42:00
  • Stock & fund quotes

    ninemsn - The JPMorgan/Fujitsu Australian Mortgage Industry Report for March follows decisions by the major banks to increase their standard variable home loan rates by more than the 25 basis point increase engineered by the central bank on March 4.
    2008-03-15 05:56:00
  • Bailout of Wall Street firm shocks markets

    Chicago Tribune - ... most prominent firms and one that had bet big on mortgage ... including steep reductions in short-term interest rates, have failed to calm jitters.
    2008-03-15 07:22:00
  • Mortgage rates jump again

    Boston Globe - Frank Nothaft, chief economist for Freddie Mac, said the combination of reasonable mortgage rates and falling home prices were making homes more affordable.
    2008-03-13 08:36:00
  • Mortgage rates rise

    CNN Money - NEW YORK (CNNMoney.com) -- Mortgage rates rose across the board this week as lower home prices and mortgage rates contributed to a more affordable market for homebuyers, Freddie Mac reported Thursday. The government-sponsored loan buyer said 30-year ...
    2008-03-13 08:14:00
  • Bush Says U.S. Mustn't Overreact to Home-Mortgage `Rough Patch'

    Bloomberg - Mustn't Overreact to Home-Mortgage `Rough Patch' By Roger Runningen March 15 (Bloomberg) -- President George W. ... would give bankruptcy judges powers to reduce mortgage debts by decree, because banks would charge higher interest rates ...
    2008-03-15 07:29:00