Mortgage and Financial News From 2008-1-24 Page 01

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• Leaders Tout Tax Rebate Plan To Jumpstart Economy - cbs4denver.com

  Leaders Tout Tax Rebate Plan To Jumpstart Economy cbs4denver.com, CO - 6 hours ago ... loans from $362000 to as high as $729750 in expensive areas, allowing more subprime mortgage holders to refinance into federally insured loans. ...
  2008-01-24 04:49:04

• "I Got It Wrong", Says Soros - FN Arena News

  "I Got It Wrong", Says Soros FN Arena News, Australia - 2 hours ago When people buy houses in the expectation they can refinance their mortgages at a profit, a bubble has formed. But this recent boom-bust cycle is only a ...
  2008-01-24 08:58:13

• FDIC chairman vows to pressure lenders - Tribune Review

  FDIC chairman vows to pressure lenders Tribune Review, PA - 2 hours ago "If you can refinance , please get into a 30-year, fixed-rate loan," said Bair. She urged homeowners facing foreclosure to approach community banks to ...
  2008-01-24 09:06:22

• New law awards tax breaks to homeowners (Naples Daily News)

  Homeowners found three attractive tax breaks among their holiday presents, thanks to the federal Mortgage Forgiveness Debt Relief Act of 2007, which was enacted in December. The first tax break concerns forgiveness of debt, which occurs when a lender forgoes repayment of principal and/or interest the borrower owes.
  2008-01-24 12:21:47

• Plus (BusinessWeek)

  Plus
  2008-01-24 02:40:54

• FDIC chairman vows to pressure lenders (Pittsburgh Tribune-Review)

  The federal government will "step up the pressure" on the lending industry to work out America's mortgage mess so fewer people lose their homes, the chairman of the Federal Deposit Insurance Corp. said Thursday.
  2008-01-24 09:21:50

• Housing affordability expected to improve in 2008

  Winnipeg Sun - TORONTO — With interest rates being lowered in hopes of avoiding a recession and mortgage rates declining in tandem, buying a house in Canada should become more affordable this year, real estate observers suggest. In its latest housing ...
  2008-01-24 12:59:00

• Lower Interest Rates Good for Homeowners

  KATV - There could be good news for some Arkansas homeowners, despite the ongoing economic rollercoaster in the United States. As federal interest rates get lower, so do many mortgage rates, meaning now could be a good time for some homeowners to refinance ...
  2008-01-24 07:22:00

• Housing affordability to ease in 2008

  Globe and Mail - But while easing price gains and mortgage rates should help homeowners in 2008, Ontarians could still be out of luck, Mr. Holt said. That's because his numbers don't take into account the impact of provincial property taxes, which could rise ...
  2008-01-24 12:52:00

• Mortgage Rates, Tax Rebates, Royal Garden and French Fraud

  KGMB9 - Mortgage rates are falling on this week's economic hu-hu. Several local lenders adjusted their rates yesterday. Based on website postings, they're all at 5 percent or lower, with APRs at 5.6 or lower. Congress still has to debate and vote on it, but ...
  2008-01-24 10:57:00

• Home sales and mortgage rates sink to new low

  News 8 Austin - There's big news for home sales and mortgages. A real estate trade group reported that nationally, sales of single-family existing homes fell by 13 percent last year. That's the biggest drop in 25 years. And the median home price dropped to $217,000 ...
  2008-01-24 12:30:00

• The Inner Evel Knievel - New York Sun

  The Inner Evel Knievel New York Sun, NY - 56 minutes ago ... since the mortgage troubles broke out in the open last summer, Messrs. Bernanke & Co. have followed the trend in interest rates , rather than leading it. ...
  2008-01-24 09:49:36

• Lower rates spur homeowners - Charleston Post Courier

  Lower rates spur homeowners Charleston Post Courier, SC - 56 minutes ago In general, a mortgage is deemed "refinanceable" if it is 0.40 percentage point above current average mortgage rates . And the recent drops in mortgage rates ...
  2008-01-24 09:49:56

• Fixed Rates Fall - Wall Street Journal

  Fixed Rates Fall Wall Street Journal - 51 minutes ago 11, 2001. As a result, mortgage rates continued trending down for the fourth consecutive week across loan products."
  2008-01-24 09:54:08

• Take this cash and spend it - Pioneer Press

  Take this cash and spend it Pioneer Press, MN - 41 minutes ago The plan also aims to unfreeze the market for large home loans, allowing Fannie Mae and Freddie Mac, the government-sponsored mortgage -buying giants, ...
  2008-01-24 10:04:40

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