Mortgage and Financial News From 2008-3-15 Page 4
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'08 foreclosure rate is on way to a record
Herald Tribune - The last stop before foreclosure is a short sale -- selling a home for less than the mortgage after getting the lender to agree to share the loss.
2008-03-14 01:18:00 -
Finance Debt Risk Rises as Bear Stearns Fuels Failure Concerns
Bloomberg - Credit-default swaps jumped on companies from student-loan provider SLM Corp. to commercial finance lender CIT Group Inc ... doubled in the past three weeks as the slump in credit markets that began last year with collapse of the supbrime-mortgage ...
2008-03-14 10:44:00 -
Some house hunters may need incentive
Chicago Tribune - The concern when a seller offers cash, which means the buyer is paying that much less for the home, is that the mortgage lending firm will veto the transaction. "A lender doesn't want to see an inflated value" on the home, which is his collateral if ...
2008-03-13 04:00:00 -
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Minneapolis Star Tribune - ... haven't made their $1,770 mortgage payment since May. With monthly income of $2,000, the couple decided to stay current on their credit cards, utilities and car loan instead. They met with counselors and spoke to their lender. But to save their home ...
2008-03-15 03:57:00 -
Tighter lender rules pushed to avoid new credit crunch
Detroit Free Press - Tighter lender rules pushed to avoid new credit crunch BY JEANNINE AVERSA • ASSOCIATED PRESS • March 14, 2008 ... These borrowers got clobbered when the housing slump dragged down home prices and mortgage rates rose.
2008-03-14 06:47:00 -
Senator Huntley tries foreclosure first hand (Queens Courier)
In the months leading into November 2007, State Senator Shirley Huntley had been hearing numerous horror stories from constituents facing foreclosure. Some of the stories were familiar, told by individuals that could not make their mortgage payments in a faltering economy.
2008-03-15 01:41:18 -
Your Money Matters: Say 'I Do' to Home Buying (Richfield Reaper)
(ARA) - Getting married marks a huge milestone for many people who have spent years dreaming about being a husband or wife. Another major milestone that often follows marriage is the first "big" purchase, which is typically buying a home.
2008-03-15 02:32:34 -
Uncle Sam Nears a Massive Banking, Housing Bailout (US News & World Report)
The Fed's help for Bear Stearns is just the latest move to stabilize the financial system and prop up the housing market.
2008-03-15 04:04:19 -
Ask Annie: After living on a boat, are we out of our depth buying a flat? (Independent)
Q. My wife and I and have lived on a canal boat for many years and are now considering "moving ashore". I have heard of mortgages that continue well into retirement. Would it be possible for us to get one of, say, £75,000 to cover half the cost of a small flat?
2008-03-15 05:30:01 -
We shall not be moved: the loans that last a generation (Independent)
It's official: the Government wants us to take out more 25- year fixed-rate mort- gages. Chancellor Alistair Darling used Wednesday's Budget to put the case for fixes from 10 to 25 years, and announced a review to see how more of us could be persuaded to sign up.
2008-03-15 05:32:19 -
Should You Unlock Capital From Your Home? (The Motley Fool)
Does it make sense to borrow more money against your home?
2008-03-15 06:59:37 -
What Do We Really Know About Patient Satisfaction?
American Family Physician - Why this burgeoning interest? Perhaps it was a natural outgrowth of the consumer ... that demographics represent 90 percent to 95 percent of the variance in rates ... Sherbourne CD, Sturm R, Wells KB. What outcomes matter to patients? J Gen ...
2008-03-12 05:20:00 -
Infinite Loop
Ars Technica - ... an annoying iTunes bug that cuts off the end of the last track of an imported CD ... Thank you for expressing interest in the iPhone Developer Program. We have received ... plans will range from €39 to €55 per month for 1,000 minutes and varying rates ...
2008-03-14 01:43:00 -
Latest News
dBusinessNews.com - Now Available on CD: Baxa Corporation Exhibitor’s Theatre, The Pros and Cons of Standardized Parenteral Nutrition ... industry trends, changes in government rules and regulations (including changes in tax laws), and increases in interest rates ...
2008-03-13 01:58:00 -
Countrywide foreclosure rate doubles
South Florida Business Journal - CFC) and ACORN includes helping borrowers with some types of subprime adjustable-rate mortgages who have strong payment records, but are struggling with payments as higher interest rates kick in.
2008-03-14 07:23:00