Mortgage and Financial News From 2008-4-5 Page 7
Previous Day: 2008-04-04
Return to the mortgage news archive home.
-
Homeowners fall behind but stay put (The Charlotte Observer)
Banks are so overwhelmed by the U.S. housing crisis they've started to look the other way when homeowners stop paying their mortgages. The number of borrowers at least 90 days late on their home loans rose to 3.6 percent at the end of December, the highest in at least five years, according to the Mortgage Bankers Association in Washington. That figure, for the first time, is almost double the 2 ...
2008-04-05 12:08:14 -
Jeremy Warner's Outlook: Only blue-chip householders need apply, Halifax tells new mortgage applicants (Independent)
Now even Halifax, Britain's largest mortgage lender, is handing out the ration books.
2008-04-04 05:20:27 -
Malta and international press digest (Times of Malta)
The following are the top stories in the Maltese and overseas press The Gozo Bishop’s apology over abuse at the Lourdes Home in Gozo features in all local newspapers.
2008-04-04 11:53:21 -
The Web Of Wires Behind Your Credit Fate (CBS News)
When you apply for a credit card or a loan or a mortgage, who decides whether you get it? Anthony Mason gives you an unprecedented look inside the system that rates your credit-worthiness.
2008-04-03 08:30:04 -
The R word: Fed chief hints U.S. may have fallen into recession (Carroll County Online)
WASHINGTON - Ben Bernanke knows a recession when he sees one, and he's starting to sound like that's just what he expects to see.
2008-04-04 09:31:07 -
More News (Inland Valley Daily Bulletin)
During the last 18 months, homeowners have faced a "perfect economic storm" that battered our Golden State. A market correction, subprime lending collapse and an unprecedented wave of foreclosures have taken a toll.
2008-04-04 11:36:02 -
Real estate matters: Getting your house in order for changes (Madera Tribune)
Q: I inherited my grandmother's home seven years ago. My husband, my daughter and I moved into the home and we owned it free and clear. However, my husband has refinanced, second mortgaged and HELOCed us into financial ruin.
2008-04-05 12:44:20 -
Report spurs some to say recession is here (Milwaukee Journal Sentinel)
Evidence of a weak U.S. economy mounted Friday with a federal report that employers dropped another 80,000 jobs last month, the third month in a row for declines and the steepest setback in five years.
2008-04-04 10:19:40 -
Help not wanted for now (Miami Herald)
The Federal Reserve is likely to lower interest rates again later this month after a report from the Labor Department on Friday showed that the nation's employers shed 80,000 jobs in March, heightening recession fears.
2008-04-05 12:08:09 -
Kenneth Harney: Housing industry reinstating rule of requiring equity upfront (Arizona Daily Star)
Partisan politics aside, presumptive Republican presidential nominee John McCain proposed something March 25 that no other major presidential candidate has advocated in decades: raising minimum down-payment levels for home mortgages.
2008-04-05 12:09:11 -
Five Ways to Pay Off Your Mortgage Loan Faster (AllBusiness via Yahoo! Finance)
Paying off your mortgage early can be an attractive option for any homeowner. If you're willing to bear the risks, here are five ways to pay off your loan early.
2008-04-04 05:00:00 -
Foreclosures felt rurally (Madera Tribune)
MERCED - The end came in a blink outside the Merced County courthouse. Only six people showed up for the foreclosure auction, Janice Pimentel and her son Nick included. By chance, the Pimentels' dairy farm was the first property offered.
2008-04-05 12:14:41 -
Foreclosures felt rurally (Madera Tribune)
MERCED - The end came in a blink outside the Merced County courthouse. Only six people showed up for the foreclosure auction, Janice Pimentel and her son Nick included. By chance, the Pimentels' dairy farm was the first property offered.
2008-04-05 12:14:41 -
Fed, Congress must share blame for housing, credit-market crises (The Tennessean)
WASHINGTON — While Treasury Secretary Henry Paulson and some lawmakers want to give the Federal Reserve broader powers to head off financial disasters, the Fed's easy-money policies earlier this decade and years of homeownership incentives dangled by the White House and Congress helped set the stage for today's housing and credit crises.
2008-04-05 12:25:49 -
Banks to wait for RBI`s cues (Business Standard India)
Banks are ruling out an immediate hardening of interest rates and will wait for cues from the Reserve Bank of India (RBI) before effecting any changes.
2008-04-05 12:48:28