Mortgage and Financial News From 2008-1-24 Page 21

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• Société Générale: A history

  Daily Telegraph - A turning point for banking regulations came in 1966 and 1967 - with the creation of the home mortgage market - altering the distinction between deposit and investment banking. Meanwhile, Soc Gen turned its attention to some new financing techniques ...
  2008-01-24 06:11:00

• U.S. existing home sales fell 2.2 pct in December

  Reuters - Home prices are lower, mortgage interest rates continue to decline and incomes are higher, but many potential buyers are delaying a purchase," Yun said. Economists polled by Reuters were expecting home resales to slip to a 4.95 million unit pace after ...
  2008-01-24 08:48:00

• 'GSA Continues Litigation Over Chase Home Mortgage Practices'

  Forbes - The law firm of Giskan, Solotaroff & Anderson, LLP continues to pursue litigation concerning the possible illegal conduct of JPMorgan Chase & Co. and JPMorgan Chase Bank ("Chase") involving home mortgages. Consumers who obtained a home mortgage ...
  2008-01-24 07:01:00

• Surviving a Slowdown: What You Can Do Now - TIME

  Surviving a Slowdown: What You Can Do Now TIME - 58 minutes ago That's especially true in light of interest-rate cuts; the average 30-year mortgage now goes for 5.57%, according to Bankrate.com near historic lows. ...
  2008-01-24 05:11:33

• Home Mortgage Mayhem Seeps Into Office Sector - CNNMoney.com

  Home Mortgage Mayhem Seeps Into Office Sector CNNMoney.com - 58 minutes ago The home - mortgage fallout has hit California's Orange County the hardest. Office vacancy climbed to 10.7% in the fourth quarter of 2007, a year-over-year ...
  2008-01-24 05:11:35

• Here Comes the Tax Rebate Check! President Bush is Opening Up the ... - Associated Content

  Here Comes the Tax Rebate Check! President Bush is Opening Up the ... Associated Content, CO - 58 minutes ago How is $600 going to help pay a $2000 mortgage ? If we can address the housing crisis, this would free up a lot more money this year and years to come.
  2008-01-24 05:11:42

• Chicago area home sales plummet as economy weakens - Medill Reports

  Chicago area home sales plummet as economy weakens Medill Reports, IL - 57 minutes ago Western suburbs for Chicago-based realtor Baird and Warner, said local home buyers are willing, but mortgage lenders are not. Grayson, a 14-year real estate ...
  2008-01-24 05:13:18

• ACORN Protests Ocwen Financial - WLBT-TV

  ACORN Protests Ocwen Financial WLBT-TV, MS - 54 minutes ago "The owners are attempting to contact their mortgage lender with no avail." The small group protested outside Veterans Affairs regional offices in Jackson. ...
  2008-01-24 05:16:03

• Business Highlights - BusinessWeek

  Business Highlights BusinessWeek - 38 minutes ago In an illustration of how the mortgage industry crisis has spread to other types of companies, the New York-based brokerage in November said it sold a $3 ...
  2008-01-24 05:32:14

• Biz Break: A Jumbo-sized stimulus for Bay Area real estate - San Jose Mercury News

  Biz Break: A Jumbo-sized stimulus for Bay Area real estate San Jose Mercury News,  USA - 36 minutes ago ... will include tax refunds ranging from $600 to $1200 and massive relief for Bay Area residents looking to buy a home or refinance an existing mortgage . ...
  2008-01-24 05:33:43

• Fed rate cut awakens homeowners to the possibility of refinancing ... - WYMT

  Fed rate cut awakens homeowners to the possibility of refinancing ... WYMT, KY - 36 minutes ago ... developments have also been pushing mortgage rates lower. And that seems to have set off a light bulb for many homeowners regarding their home loans. ...
  2008-01-24 05:34:02

• S. Florida home prices on downward spiral - MiamiHerald.com

  S. Florida home prices on downward spiral MiamiHerald.com, FL - 28 minutes ago The new numbers come amid debate over whether Tuesday's cut to the federal funds rate from 4.25 percent to 3.5 percent will bring down mortgage rates enough ...
  2008-01-24 05:42:03

• Valley Commerce Bancorp Reports 2007 Results - PR Newswire (press release)

  Valley Commerce Bancorp Reports 2007 Results PR Newswire (press release), NY - 21 minutes ago ... account relationships and Federal Home Loan Bank dividend income. These increases were partially offset by a decrease in mortgage loan brokerage fees. ...
  2008-01-24 05:48:29

• BBA finds mortgage approvals hit a record low - Telegraph.co.uk

  BBA finds mortgage approvals hit a record low Telegraph.co.uk, United Kingdom - 18 minutes ago The number of mortgages approved for people buying a home fell to a record low during December, new figures show. The major banks approved 42088 new loans ...
  2008-01-24 05:51:35

• Text of Gov. Patrick's State of the State speech - Boston Globe

  Text of Gov. Patrick's State of the State speech Boston Globe, United States - 18 minutes ago Too many young families and seniors are still being pushed out of their homes by escalating property taxes, or by extreme adjustments in mortgage rates. ...
  2008-01-24 05:51:46

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