Mortgage and Financial News From 2007-9-1 Page 01

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  • Subprime mortgage crisis bypasses Maui

    Maui News - The president proposed having the Federal Housing Administration assist homeowners by insuring refinanced home loans for those who have good credit but can’t manage their current mortgage payments. But that won’t help, said Faith Armanini, owner ...
    2007-09-01 09:21:00

  • DFCC Vardhana Bank’s new mortgage loans

    Sri Lanka Sunday Times - DFCC Vardhana Bank (DVB) recently announced a new product intended to positively impact consumers - Mortgage Loans. The bank said it was introducing this new mortgage product with a view to help its customers become home owners without a hassle. The ...
    2007-09-01 08:02:00

  • Ignore pitchmen; avoid exotic loans and pay off mortgage debt (Denver Post)

    African-Americans are often the target of financial pitchmen trying to convince them they should never pay off their mortgages.
    2007-09-01 03:33:57

  • Stocks Claw Way Back

    ABC 4 - Investors were also digesting government data that showed the domestic economy performed slightly better during the second quarter than initial reads had indicated. The Commerce Department said gross domestic product rose 4% last quarter, up from an ...
    2007-09-01 05:53:00

  • Freddie Mac reports $764 mln Q2 net income

    Reuters - WASHINGTON, Aug 30 (Reuters) - Freddie Mac, the nation's second largest source of home loan funding, on Thursday reported net income in the second-quarter of $764 million, or $1.02 per diluted share, as its business of guaranteeing home mortgages ...
    2007-08-30 12:55:00

  • President Set to Offer Help on Subprime Mortgages

    NPR News - President Set to Offer Help on Subprime Mortgages NPR.org , August 31, 2007 · President Bush is expected Friday to offer ... Commerce Department reported on Thursday that the gross domestic product grew at an annual rate of 4 percent in the second ...
    2007-08-31 11:35:00

  • READERS WEIGH IN: Share your thoughts on President Bush's plan to ...

    Los Angeles Times - 10. Wow Mario maybe you should re-read the article particularly the second paragragh, "Bush said he would take steps to allow the FHA, which insures the mortgages of low- and moderate-income homeowners, to guarantee the loans of some borrowers who ...
    2007-09-01 03:30:00

  • Freddie Mac profits plunge 45%

    Worldnews.com - WASHINGTON - Freddie Mac, the nation's No. 2 buyer and backer of home mortgages, set aside more than $300 million in the second quarter to account for bad loans, contributing to a 45 percent drop in profit. The ... Freddie Mac 2Q Earnings Slide 45 ...
    2007-08-31 05:26:00

  • Skittish: Description of Bay Area home buyers

    San Jose Mercury News - Neighborhood Housing Services, meanwhile, has about $3 million available to lend, often in the form of second mortgages whose payments are deferred until the owner sells the house. "It's a moment of opportunity," Moncrief said. But attendance at the ...
    2007-09-01 05:17:00

  • Yen Gains for Second Month Against Dollar, Euro as Investors Reduce ...

    Stockhouse Canada - Sept. 1 (Bloomberg) -- The yen gained for a second straight month versus the dollar and euro as losses in U.S. subprime mortgages weakened global credit markets, prompting investors to sell riskier assets funded by loans in Japan. The dollar rose ...
    2007-09-01 01:50:00

  • Real Estate Tax Benefit Bonanza

    Forbes - High net worth individuals have paid off their home mortgages completely, set up retirement accounts and are well prepared for retirement. Those who own second homes can reap the highest legitimate tax benefit and escape this market meltdown. Total ...
    2007-09-01 07:55:00

  • Financially savvy pay off their mortgages early (Seattle Post-Intelligencer)

    AFRICAN-AMERICANS are often the target of financial pitchmen trying to convince them that they should never pay off their mortgages. Instead, the line goes, people should dig deeper into mortgage debt to buy cars, fund their chosen lifestyles or invest.
    2007-09-01 04:17:52

  • European Stocks Rise for Second Week; BHP, InBev, Nokia Gain (Bloomberg.com)

    Sept. 1 (Bloomberg) -- European stocks advanced for a second week as concern eased that losses from subprime loans will hurt economic growth in the U.S. after President George W. Bush pledged to help people with risky mortgages.
    2007-09-01 08:10:34

  • Yen Gains for Second Month Versus Dollar, Euro on Risk Aversion (Bloomberg.com)

    Sept. 1 (Bloomberg) -- The yen gained for a second straight month versus the dollar and euro as losses in U.S. subprime mortgages weakened global credit markets, prompting investors to sell riskier assets funded by loans in Japan.
    2007-09-01 01:10:34

  • Judge's ruling yields evidence for defense in U rape case

    Minneapolis Star Tribune - Two mortgage fraud defendants plead guilty Judge's ruling yields evidence for defense in U rape case Suspect in two bank robberies charged Public-sex crackdown takes police to Internet 8th guilty plea ties another knot in a complicated web of family ...
    2007-08-30 12:59:00

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