Mortgage and Financial News From 2008-2-22 Page 2

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  • A Risky Way To Reduce Debt (The Motley Fool)

    Withdrawing equity from your home may seem like a cheap, an easy way to borrow, but watch out for the pitfalls.
    2008-02-22 09:03:01

  • CL Police search for armed men (Northwest Herald)

    CRYSTAL LAKE – Crystal Lake Police are searching for three armed men who tried to rob a woman outside La Hispanita on Virginia Street Friday night.
    2008-02-22 10:18:18

  • Buyers stretch car loans (Detroit News)

    People are driving their cars longer than they did in past years -- and taking longer to pay for them, too.
    2008-02-22 10:25:25

  • Corporate Defaults May Rise at China Banks on Curbs (Update1)

    Bloomberg - The central bank raised interest rates six times last year and has boosted the proportion of deposits lenders must hold as ... institutions around the world face $400 billion of write-offs and credit losses as a consequence of the subprime mortgage ...
    2008-02-19 03:56:00

  • The specter of stagflation looms over U.S. economy

    International Herald Tribune - Nowhere have the Fed's limitations been more apparent than in the American home mortgage market. Even though the central bank cut short-term interest rates twice in January, in part to stabilize the housing market, investors remained so worried about ...
    2008-02-21 11:36:00

  • Mortgage crisis profits law firms

    The Washington Times - Scam artists seek home foreclosures ... The nation's mortgage crisis is one of the best things that ever happened to law firms ... homes with adjustable-rate mortgages featuring low introductory interest rates ...
    2008-02-20 09:31:00

  • Plan to bolster jumbo mortgage market may have little impact

    Boston Globe - The government's higher mortgage cap was supposed to spark investor demand, drive down interest rates, and spur home buying activity. (Tony Avelar/Associated Press/File 2007)
    2008-02-20 09:09:00

  • Rates on 30-Year Mortgages Rise

    San Francisco Gate - The mortgage rates do not include add-on fees known as points. Thirty-year mortgages and one-year adjustable-rate mortgages both ... A sustained rebound in home sales is not expected to occur until around the middle of the year after the number of homes ...
    2008-02-21 12:33:00

  • WHILE RATES SOAR, ARM HOLDERS CATCH BREAK

    New York Post - ... for rates to go down" even if the homeowner happened to catch the current credit cycle just right. But that's not the whole story in the crazy mortgage situation right now. In case you haven't noticed, something strange has been happening to home ...
    2008-02-21 12:30:00

  • Shopping Refinancing Rates

    AOL - An alert service notifies you by e-mail when interest rates drop to a level that entices you. According to a report commissioned by the MBA in late 2000, the Web is used mostly to shop for rates and buy homes. In its home and mortgage shopping survey ...
    2008-02-21 12:44:00

  • US banking regulator sees more mortgage defaults

    Straits Times - She also said a recent proposal by the US Federal Reserve Bank to amend the Truth-In-Lending rules, which apply to advertising and disclosure of interest rates and terms, are an important first step forward. 'The home mortgage market needs strong ...
    2008-02-22 04:21:00

  • Weather Static (WUTR/WFXV Utica)

    Will you participate in this year's Heart Run & Walk? City flips switch on energy savings Rome has flipped the switch on new, energy-efficient lights in city buildings and traffic signals. ...
    2008-02-22 09:12:51

  • Realty Pros See Pasco Rebound (Suncoast News Pasco)

    The Pasco County real estate market might be showing signs of life. The recent passage of the Amendment No. 1 overhaul of the state's property tax system could be applying the medicine, several local real estate professionals believe.
    2008-02-22 09:15:07

  • Foreclosures Force Competition (The Tampa Tribune)

    With more than 30,000 pre-owned homes on the market in the Tampa Bay area, builders of new homes face fierce competition for buyers.
    2008-02-22 09:24:35

  • Books can clear up mortgage mysteries (The Myrtle Beach Sun News)

    1/83/8 A wide range of factors goes into securing a home mortgage, from selecting a mortgage type to landing a low interest rates and good payment terms. Several insightful books on the topic can help explain the ins and outs of mortgages for a prospective homebuyer. Here are just a few titles: "Mortgage Myths" by Ralph R. Roberts and Chip Cummings; Wiley ($17.95)
    2008-02-22 09:26:31

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