Mortgage and Financial News From 2008-1-31 Page 21

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• City Of Seattle: Home investing - Seattle Post Intelligencer

  City Of Seattle: Home investing Seattle Post Intelligencer - 29 minutes ago When they sell (or refinance their mortgages), they repay the loans. The $200000 program is experimental, aiming to help up to 40 families. ...
  2008-01-31 04:30:47

• Likely rate rise reason to reassess mortgage - Melbourne Herald Sun

  Likely rate rise reason to reassess mortgage Melbourne Herald Sun, Australia - 24 minutes ago He said potential borrowers, and those looking to refinance , should not make any rash decisions when taking out a loan. "Lenders offer many different loan ...
  2008-01-31 04:36:00

• US hotels can't go private due to credit crunch - Guardian Unlimited

  US hotels can't go private due to credit crunch Guardian Unlimited, UK - 13 minutes ago ... and development at HEI Hotels & Resorts, said that if industry fundamentals worsen, many loans could become distressed once it comes time to refinance . ...
  2008-01-31 04:47:04

• Singapore's CapitaLand fixes bond conversion price at 8.614 sgd ... - Forbes

  Singapore's CapitaLand fixes bond conversion price at 8.614 sgd ... Forbes, NY - 7 minutes ago Proceeds from the bond issue will be used to finance new investments, refinance existing borrowing and fund the group's working capital requirements, ...
  2008-01-31 04:53:15

• Now's the time to refinance your mortgage (WISH-TV Indianapolis)

  INDIANAPOLIS (WISH) - You'll remember the feds cut the interest rate a dramatic three quarters of a point less than two weeks ago. Then on Wednesday another half point drop. So, is this the time to refinance
  2008-01-31 03:37:39

• Mortgage Rates Reach 4-Year Low (WKRN Nashville)

  With mortgage rates at their lowest levels in four years, many people are rushing to refinance or purchase a home. | | Mortgage rates fell Thursday, in the wake of another federal rate cut, but not necessarily because of it.  | | “People automatically think that because there is a federal rate cut there is a mortgage rate cut.  Quite honestly they don't correspond to each...
  2008-01-31 03:42:18

• CHANGES WILL HAVE A BIG IMPACT (New Orleans Times-Picayune)

  NOTE: James Perry has made a New Year's resolution to complete repairs on his Esplanade Ridge home. He even has a plan to do it. But will his pledge meet the fate of most New Year's promises?
  2008-01-31 03:58:54

• Rate hikes a reason to reassess mortgage (AAP via Yahoo!7 News)

  Amid growing speculation over further interest rate rises, borrowers are being urged to examine the fine print before taking out a loan.
  2008-01-31 04:16:12

• Rate hikes a reason to reassess mortgage (The West Australian)

  Amid growing speculation over further interest rate rises, borrowers are being urged to examine the fine print before taking out a loan or refinancing an existing mortgage.
  2008-01-31 04:23:13

• Option ARMs, next chapter in housing crisis (Reuters via Yahoo! News)

  The U.S. housing crisis has focused attention on adjustable rate mortgages (ARMs) and the danger posed by their spiking interest rates.
  2008-01-31 04:33:53

• Like Home-Builder Shares? Look Again (NYTimes.com via Yahoo! Finance)

  The worse the news got, the better the stocks performed.
  2008-01-31 04:40:37

• A Solution to Mortgage Crisis (Newsweek)

  If banks would modify the loan terms, the majority of at-risk borrowers could pay their mortgages and stay in their homes.
  2008-01-31 04:43:36

• Homeowners seek a lending hand amid mortgage meltdown

  Auburn Journal - ... Mendez was just one of the more than 300 residents who turned out to a mortgage ... We bought it thinking we could refinance it at a later time. We had plans. We ... Cox urged residents to arm themselves with information and to communicate with their ...
  2008-01-29 03:59:00

• Subprime, CDO Bank Losses May Exceed $265 Billion (Update5)

  Bloomberg - The securities represent $270.1 billion of subprime mortgage bonds and $263.9 ... The company will use the information and new data on the economy's stability to ... percent in 2007 from a year earlier as mortgages became more difficult to refinance ...
  2008-01-31 08:11:00

• PERSONAL FINANCE

  Wall Street Journal - Homeowners' applications to refinance loans surged again in the Mortgage Bankers Association's latest survey of filings, rising 22.1% last ... and find out your best local rates from Bankrate.com. • Markets Data Center: Get 24-hour updated information ...
  2008-01-31 08:47:00

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