Mortgage and Financial News From 2007-10-16 Page 21
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Citigroup report sends stocks down
Chicago Tribune - Stocks closed lower Monday, after banking giant Citigroup said it expects mortgage ... paper, short-term debt securities issued by companies to support current operations ... Interest rates rose at the weekly auctions of 3- and 6-month Treasury bills. The ...
2007-10-16 03:19:00 -
Survey: CFOs Place Credit Crisis Blame on Lenders and Brokers
Forbes - ... PARK, N.J. and NEW YORK, Oct. 16 /PRNewswire/ -- American companies view mortgage ... majority (62 percent) does not anticipate the cut to impact their company's current ... environment characterized by uncertainty and turbulence around interest rates and ...
2007-10-16 05:06:00 -
Mortgage executives predicting recovery in 2010
MSNBC - ... term, since many at-risk homeowners will see their adjustable mortgages reset to higher interest rates in ... Democrats, have been pressing regulators to allow Freddie and Fannie to increase their holdings of mortgage debt by 10 percent above the current ...
2007-10-16 07:15:00 -
Namibia: Rates Up Again (AllAfrica.com)
The latest increase in interest rates is having a dramatic impact on consumer confidence, which has collapsed to its lowest level.
2007-10-16 03:26:23 -
Housing market flame-out may burn us all
Chicago Sun-Times - Families took $600 billion in value out of their houses last year in home-equity loans or remortgaging, often to help make ... Then Wall Street, banks and the federal government should come together to create a process to refinance loans to fit the ...
2007-10-16 02:57:00 -
TO BUY OR NOT TO BUY? Prices fall as houses flood LV market; they're ...
Las Vegas Review Journal - Price declines also make it harder for homeowners to tap their home equity or refinance their mortgages. FED RATE CUT APPLAUDED Wall Street cheered when the Federal Reserve slashed half a percentage point from the federal funds rate, which is the ...
2007-10-16 01:53:00 -
Attorneys see need for mortgage reform
Santa Cruz Sentinel - They were told they could refinance or sell in two years," Letona said. That isn't possible now because their home appreciation has stalled or dropped. Experts tell borrowers to ask their lender to modify their loan, but not many are successful ...
2007-10-16 04:59:00 -
Union homeowners know too little about their mortgage payment, survey ...
Santa Cruz Sentinel - About 37 percent of borrowers with incomes greater than $50,000 and 57 percent of those with incomes less than $50,000 say they will likely have to sell or refinance their home as a result of increases in their mortgage payments. About 48 percent ...
2007-10-16 04:59:00 -
Gabe's View: Are Foreclosures An Issue Of Black & White?
wnbc.com - The home owners, mainly blacks and Latinos, have fallen victim to these lenders because the borrowers believe it’s an easy way to raise cash to renovate or refinance a home or to pay off other debts. Often, the problem is that the rates they pay ...
2007-10-16 05:13:00 -
Default rate on U.S. subprime mortgages continues to rise
International Herald Tribune - And declining home prices have made it harder for borrowers to refinance loans, especially in cases where the buyers could afford the homes only with the help of the low introductory rates on adjustable mortgages. Those borrowers are expected to ...
2007-10-16 03:04:00 -
Woodburner Caused Clearfield County Mobile Home Blaze (WJAC 6 Johnstown)
A state police fire marshal said a malfunctioning woodburner was the cause of a weekend fire in a Clearfield County mobile home. The fire late Sunday forced the three occupants -- Scott Benson, Pauline Andrews and a 15-year-old girl -- from the Cooper Township home.
2007-10-15 12:14:09 -
Family Hospitalized After Home Explodes (News Channel 5 Cleveland)
A mother, father and two children are hospitalized after their home explodes.
2007-10-16 06:38:36 -
Weeks' Waycross Home To Be Auctioned (CBS 46 News Atlanta)
The south Georgia home of evangelist Juanita Bynum will be auctioned off unless she pays back taxes, officials say.
2007-10-16 03:22:10 -
1 Man Dead In New Smyrna Home Invasion (WESH 2 Orlando)
Investigators are looking for two men who allegedly donned masks and burst into a home, killing a man who was inside playing cards.
2007-10-16 05:15:58 -
Troubled subprime gets cash infusion
San Diego Union-Tribune - The new owner of Accredited Home Lenders yesterday gave the ailing subprime mortgage ... Declining home prices and a surge in bad loans have forced more than 50 of ... As the credit crunch worsened this summer, Lone Star sought to jettison the deal ...
2007-10-16 01:31:00