Mortgage and Financial News From 2008-1-26 Page 01

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• The struggle to hang onto 'American Dream' in mortgage crisis

  Raw Story - ... adjustable rate mortgage without showing much concern for their ability to cover the costs when rates ... George O'Donnell just took out a mortgage with Econohomes to buy a one-bedroom home with no hot water and walls oozing with damp.
  2008-01-26 11:05:00

• Talk of the Bay: Raymond James has top reps, just not here

  St. Petersburg Times - In trying to drum up new business, Realtors stressed low mortgage interest rates, Florida's huge inventory of homes for sale, recent price declines and the financial gains of long-term home ownership. Cryo-Cell opens ballot box again Cryo-Cell ...
  2008-01-26 07:16:00

• Navigating troubled waters

  Naples Daily News - Florida is among the leading states in foreclosure rates across the country, the result of falling home prices and increasing mortgage payments. As more and more foreclosed properties enter courthouse auctions, consumers may be enticed to buy the ...
  2008-01-26 10:44:00

• Company will aid inquiry of banks

  Boston Globe - NEW YORK - A company that analyzed the quality of thousands of home loans for ... Many of these loans were made with low teaser rates that would later increase. ... be harder than the cases brought after the technology bubble burst because mortgage ...
  2008-01-26 11:05:00

• Surcharges spur energy efficiency

  Boston Globe - ... in the story highlighted certain government-mandated surcharges on electricity as a reason why Massachusetts power rates ... The Globe has decided to resurrect the old African-American "welfare queen" canard on the latest home mortgage crisis ("Broker's ...
  2008-01-26 09:53:00

• Budget proposal will only deepen rift in state - Albany Times Union

  Budget proposal will only deepen rift in state Albany Times Union, NY - 2 hours ago In the breakfast room downstairs, the talk at the next table was of a neighbor who had lost his home in the ongoing mortgage crisis. ...
  2008-01-26 09:36:45

• US rate cuts to boost house prices in Dubai, Abu Dhabi and Hong Kong - AME Info

  US rate cuts to boost house prices in Dubai, Abu Dhabi and Hong Kong AME Info, United Arab Emirates - 1 hour ago They have therefore been quicker to recognise what lower interest rates mean for real estate and mortgage applications are up by 50 per cent; and to be fair ...
  2008-01-26 10:05:44

• Talk of the Bay: Raymond James has top reps, just not here - St. Petersburg Times

  Talk of the Bay: Raymond James has top reps, just not here St. Petersburg Times, FL - 1 hour ago ... low mortgage interest rates , Florida's huge inventory of homes for sale, recent price declines and the financial gains of long-term home ownership. ...
  2008-01-26 10:14:19

• Despite a major slump in 2007 building permits, builders ... - commercialappeal.com (subscription)

  Despite a major slump in 2007 building permits, builders ... commercialappeal.com (subscription), TN - 1 hour ago Home prices are low, interest rates are low and inventory is high, making it a good climate for buyers. "I think we're seeing this inventory that's on the ...
  2008-01-26 10:16:10

• How would region fare in recession? - Richmond Times Dispatch

  How would region fare in recession? Richmond Times Dispatch, VA - 1 hour ago We are hoping it will happen around the end of 2008 or early 2009, but the unknown fallout from the mortgage mess makes it difficult to predict. ...
  2008-01-26 10:27:02

• The struggle to hang onto 'American Dream' in mortgage crisis - AFP

  The struggle to hang onto 'American Dream' in mortgage crisis AFP - 40 minutes ago When they bought the house in 2003 for 44000 dollars, the Wilborns were paying 470 dollars a month to a bank which gave them an adjustable rate mortgage ...
  2008-01-26 11:01:18

• Balanced economic stimulus needed to provide relief - VillageSoup Belfast

  Balanced economic stimulus needed to provide relief VillageSoup Belfast,  USA - 33 minutes ago Home values are dropping. Millions of Americans are getting hit with mortgage rate adjustments, as the costs of health care, groceries, gasoline, ...
  2008-01-26 11:08:24

• LOSING OUR HOMES - Akron Beacon Journal

  LOSING OUR HOMES Akron Beacon Journal, OH - 30 minutes ago There was no fixed rate . They got a 30-year loan, but it was an adjustable- rate mortgage with the interest jumping after three years. ...
  2008-01-26 11:11:42

• New tax breaks help homeowners struggling with mortgage payments - Savannah Morning News

  New tax breaks help homeowners struggling with mortgage payments Savannah Morning News, GA - 29 minutes ago Mortgage insurance is required by government and private lenders on home purchases in which the buyer makes a down payment of less than 20 percent. ...
  2008-01-26 11:12:58

• Closer to DC, 'Faster the Recovery' - Washington Post

  Closer to DC, 'Faster the Recovery' Washington Post, United States - 22 minutes ago Prices are at their lowest, there is a great deal of inventory, and with the prime rate just being lowered, mortgage rates should be even better. ...
  2008-01-26 11:20:12

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