Mortgage and Financial News From 2007-12-23 Page 13
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Bahrain says Gulf shouldn't rush to revalue: report
Boston Globe - We are sticking with the current policy," he said. The dollar pegs force Saudi Arabia ... Federal Reserve has cut rates by 100 basis points since September 18 to contain the fallout from a mortgage crisis, and Gulf central banks are following to ...
2007-12-23 01:05:00 -
Pelosi's first year as House speaker marked by little change on war
San Francisco Gate - ... Six for '06" agenda including raising the minimum wage, cutting interest rates on ... vetoed it, forcing Democrats to settle for an 18-month extension of the current ... planning to push a series of measures on health care, the economy, the mortgage ...
2007-12-23 02:24:00 -
Mortgage plan won't alleviate most ills
Louisville Courier-Journal - ... with their mortgage payments, new data showed that foreclosure starts set a record. In a Dec. 6 news conference, Bush trumpeted a private-sector plan that would help struggling subprime borrowers by freezing their current teaser interest rates for ...
2007-12-23 02:45:00 -
Financial resolutions imperative in '08
Chicago Tribune - Dealing simultaneously with rising inflation and the credit crunch should keep current Fed chief Ben Bernanke busy all ... Fixed-rate mortgage rates are also at their lowest levels since 2005. First-time home buyers, however, may find it more ...
2007-12-23 01:20:00 -
Mortgage plan won't alleviate most ills (Louisville Courier-Journal)
How timely that just as President Bush was announcing a deal to help homeowners struggling with their mortgage payments, new data showed that foreclosure starts set a record.
2007-12-23 03:03:49 -
'Investors' can make strapped landlord's crisis worse
OregonLive.com - My wife and I have a rental home that's been a huge stress for us financially and mentally. We are currently trying to ... You also might be able to refinance into a less-onerous loan. Because you didn't mention any attempts to sell or refinance, we ...
2007-12-23 12:01:00 -
Don't use 401(k) as a crisis solution
Morris County Daily Record - If you're worried about coming home one night and finding your furniture on the lawn, you're probably not giving much ... Recently, President Bush unveiled a plan that will help some of those homeowners refinance or arrange to have their current ...
2007-12-23 12:58:00 -
How the subprime mortgage crisis became a crisis
Orlando Sentinel - And it is having a big effect -- on the stock market, on home prices, on the ability of people to get mortgages, etc. How ... And the idea was that she would be able to refinance into another teaser-rate loan before the $1,200 per month turned into $3 ...
2007-12-23 01:27:00 -
Housing woes 'grinching' holidays
Arlington Heights Daily Herald - In addition to the common second mortgage, or home-equity loan, a popular method was to refinance with a larger mortgage reflecting a home's greater market value. Borrowers then paid off their original, smaller mortgage and pocketed the remaining ...
2007-12-22 10:13:00 -
COMMENTARY: Are You In the Christmas Spirit? How Can You Be Certain?
HuntingtonNews.Net - Applying for a refinance of my Home Equity Line of Credit to consolidate the massive debt accumulated this Christmas with unpaid bills from last Christmas and several Christmases before that. Visiting with sisters and brothers, aunts and uncles ...
2007-12-23 02:45:00 -
Job, work-hour cuts take toll in Toledo blue-collar ZIP codes
Toledo Blade - But Lucas County tax records show it appraised at $42,000, and a few years ago the couple were able to refinance the home at an appraised value of $70,000. "The lender gave them twice what it's worth. It's a mess," he said. "They're an elderly couple ...
2007-12-23 01:27:00 -
Trying To Rope In Refinance Deals (Hartford Courant)
Mortgage Firms’ Come-Ons Now Lure Homeowners To Tap Equity Despite the mortgage meltdown, the blizzard of advertising for home loans continues.
2007-12-23 12:29:25 -
Purpose dictates refinance decision (Everett Herald)
Question: In your Dec. 16 column, you encouraged questioners to refinance a mortgage before the value of their home went down any further. Do you think it is advisable to tell people they should pull money out of their houses in a declining market?
2007-12-23 12:14:38 -
DeMarrais: Painful year for consumers
NorthJersey.com - The bad news is that we twice came close, and averaged a record $2.60 for the ... Continued collapse of real estate market, fueled by subprime mortgage mess ... Consumers, Congress fight unfair tactics by credit card companies 10. Quick ...
2007-12-23 03:14:00 -
Region likely to dodge economic doldrums
Seattle Times - Particularly for businesses tied to the housing and mortgage crises — banks ... consultant Bill Conerly of suburban Portland, is that banks stung by bad home ... summer after four weak quarters — has more room to grow; they expect that credit ...
2007-12-23 12:15:00