Mortgage and Financial News From 2007-12-29 Page 01
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My Ten Predictions for 2008
Safe Haven - Also not to compare myself to him, but just for the fun of doing it, I also ... In 2007, we see the burst of mortgage bubble followed by the burst of real estate ... rate of 0% to people who should not even have a card, then jack the rates to ...
2007-12-29 05:30:00 -
A few ways to loosen the financial bind (Pioneer Press)
This year, the news hit home - literally.
2007-12-29 10:24:38 -
These Bonds May Shine (Despite Your Tax Bracket) (NYTimes.com via Yahoo! Finance)
For some, municipal bonds can far outpace Treasuries. .
2007-12-29 10:39:18 -
Property tax measure is wrong for Florida
St. Petersburg Times - But even if prices are falling back to Earth, the subprime mortgage mess has tightened the entire mortgage market. It is much more difficult for many to obtain home loans they once would have easily gotten with few questions asked. There are many ...
2007-12-29 09:15:00 -
Cashing Out of New York City
New York Times - They’re spending the holidays unpacking their Manhattan memories in their new home and celebrating the fact the they didn’t need a mortgage to buy it. The widening gap between prices in Manhattan and the suburbs is what Ms. Gass said put this ...
2007-12-29 08:54:00 -
Drought should be at the top of the list
Fayetteville Observer - It was a no-brainer — the rising number of home mortgage defaults and the resulting fallout. I also correctly picked the No. 3 story — toy safety recalls. But, truth be told, my No. 1 choice was not among the 33 ballot options. Drought was ...
2007-12-29 08:18:00 -
In selling a home, they took a bath
Canton Repository - He began to worry that he would lose his home. However, by September, Elsass said he found a mortgage broker in Middleburg Heights who got him a loan sponsored by the Federal Housing Administration. Elsass said he was able to get a 6.5 percent fixed ...
2007-12-29 08:54:00 -
Falling home prices don't lure buyers
Pittsburgh Post-Gazette - Even for home shoppers willing to buy now, stricter mortgage requirements have made it harder for many to qualify for loans. Many national lenders and banks like Wells Fargo & Co. and Washington Mutual Inc. have scaled back their mortgage lending to ...
2007-12-29 09:08:00 -
Their home and debt both need downsizing
Bridgeton News - They have an interest-only mortgage of $610,000 on their $1.3million home, plus they've tapped their home-equity line of credit for $90,000. They owe a family member a $60,000 private mort gage, which they plan to extend by another $25,000 for ...
2007-12-29 09:37:00 -
Working from home leads to a legal mire
Times Online - BRITAIN’s home-based businesses are calling for their legal position to be clarified by local councils and mortgage providers amid growing confusion over which regulations they need to abide by. Thousands of home-based firms operate in a twilight ...
2007-12-29 04:36:00 -
New-Home Sales Fell to 12-Year Low in November (NYTimes.com via Yahoo! Finance)
New-home sales fell 34.4 percent from a year earlier, the biggest year-over-year drop since January 1991.
2007-12-29 09:40:06 -
HGTV Dream Home Auctioned Off Piece By Piece (KLTV 7 Tyler)
Earlier this month, we were the first to report that Dream Home owner Don Cruz was months behind on mortgage payments. In fact, Cruz said foreclosure proceedings have begun. Tonight, in a last ditch effort to pay his debts, KLTV 7 learned Cruz has hired an auction house to sell the home itself and its contents, piece by piece, to the highest bidder. Danielle Capper has this exclusive report.
2007-12-29 08:55:19 -
Now is the time to buy a home (Southeast Missourian)
If you are ready to buy a home and can afford it, now is a great time to buy. Mortgage interest rates remain very low. In many areas, buyers have a lot of inventory from which to choose and long-term...
2007-12-29 10:16:04 -
Rocked by an event that nobody foresaw
Times Online - ... the rest of the monetary policy committee (MPC), desperate to control this bucking bronco of an economy, raised interest rates ... The recent bombshell announcement from the Office for National Statistics that the current-account deficit in the third ...
2007-12-29 04:50:00 -
Bank of Japan eyes cut in growth forecast
Straits Times - ... slashing the nation's economic growth forecast for the fiscal year to March to as low as 1.3 per cent from its current 1 ... oil prices are among the other negative factors likely to dissuade the Bank of Japan from ending its super-low interest rates ...
2007-12-29 09:22:00