Mortgage and Financial News From 2007-12-8 Page 01
Previous Day: 2007-12-07
Return to the mortgage news archive home.
Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
16 17 18
-
Bush Plan Would Freeze Some Subprime Loans
NPR News - It could mean that two people who live side-by-side, and got their mortgages at the same time, could pay different rates. Borrowers will have to be current on their mortgage payments, and the lender will take a look at their income to see if they ...
2007-12-05 03:53:00 -
Brazil Won't Feel the US's Mortgage Debacle and Will Keep World ...
Brazzil Magazine - Brazil Won't Feel the US's Mortgage Debacle and Will Keep World Growing ... total investment of US$ 1 trillion that the country should receive from the current ... of the fact that inflation is under control, and that formal employment rates are ...
2007-12-08 07:38:00 -
Credit Scores Open the Door, or Keep It Closed
Washington Post - When you apply for a mortgage, one of the first things the lender will look at is ... They range from 300 to 850, with scores above 760 qualifying for the best rates. ... For all of them, you need your Social Security number, birth date, current and ...
2007-12-08 10:44:00 -
A Subpar Plan to Save Subprime Borrowers
Washington Post - How timely that just as President Bush was announcing a deal to help homeowners struggling with their mortgage ... Bush trumpeted a private-sector plan that would help some struggling subprime borrowers by freezing their current teaser interest rates ...
2007-12-08 10:16:00 -
How to save your home
Tracy Press - ... heavy paychecks are his lifeline. He makes what his blue-collar peers call "an honest living for an honest wage," but until recently, even that wouldn’t cut it. He was about to lose his home when a third-party real estate agent helped him refinance
2007-12-07 03:58:00 -
Treasury Notes Are Poised for First Weekly Decline in a Month
Bloomberg - Bush announced yesterday an accord to help some borrowers refinance or freeze interest rates on adjustable- rate home loans. The notes rose today before a government report that economists forecast will show employment growth slowed enough to support ...
2007-12-07 12:27:00 -
District 25 schools to get cool down, but at what cost? (Daily Herald)
In April 2005, Arlington Heights Elementary District 25 voters approved a tax-rate increase. It gave the district an additional $5.5 million a year, which was used to refinance old debt and build additions to two elementary schools.
2007-12-08 10:33:08 -
Will Consumer Credit Feel the Crunch?
BusinessWeek - While the delinquencies and charge-offs (amounts written off as bad debt expense) for consumer credit outside of home loans remain ... 3 STARS), which was one of the first banks to call attention to the problems in the U.S. subprime mortgage ...
2007-12-04 03:54:00 -
Bush plan gets cool response
Newark Star-Ledger - However, some experts said the plan is unfair to many homeowners who have good credit but still struggle to make their mortgage payments on time. "It punishes those who have acted prudently and rewards bad decisions by homeowners who bought what they ...
2007-12-08 09:33:00 -
Unemployment rate holds steady, helping economy weather housing ...
International Herald Tribune - Credit has dried up. Lenders have been forced out of business. Financial companies have wracked up billions of dollars worth of losses from bad subprime mortgage investments. Wall Street has endured bouts of turbulence. Given these stresses, economic ...
2007-12-07 02:10:00 -
A good hand of Barclay credit cards
Daily Telegraph - Everyone from the Bank of England and the Financial Services Authority to the Council of Mortgage Lenders ... newspaper interview. After a spell in which the name Barclaycard had been almost synonymous with bad debts, profits are on the mend - credit ...
2007-12-08 03:56:00 -
Be leery of mortgage meltdown fixes
Detroit News - The mortgage free-for-all set off a plague of bad judgments by lenders, borrowers, investors and Wall Street ... Ban lenders from giving kickbacks to mortgage brokers who steer people to more expensive loans than their credit scores warrant.
2007-12-08 09:54:00 -
Clinton and Bush reward bad housing behavior
Detroit News - He proposed a new safety net to stem the tide of home foreclosures through a bailout plan for homeowners with bad credit scores. They'd be eligible for relief from paying hundreds of dollars in additional monthly payments when their mortgage rates ...
2007-12-08 09:54:00 -
More News (Long Beach Press-Telegram)
Fannie Mae warned investors Wednesday that its losses would mount next year from bad home loans, even as the mortgage finance company took steps to stabilize its finances.
2007-12-08 08:33:53 -
Credit Mess Worms in Deeper (FOX 31 Denver)
NEW YORK -- If you think the credit crisis is someone else's problem, just look at what is going on in Florida -- where plenty of people seemingly far removed from the financial turmoil have been hard hit by its impact.
2007-12-08 02:56:42