Mortgage and Financial News From 2008-1-31 Page 41

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• LETTER: Consequences of a tax reapportionment - Hingham Journal

  LETTER: Consequences of a tax reapportionment Hingham Journal,  USA - 14 minutes ago The mortgage balance exceeds the home ’s current market value. The Smiths live close to the edge, with almost no invested assets. Their cars are leased. ...
  2008-01-31 11:16:03

• Using equity to pay debt can be risky - Sauk Valley Newspapers

  Using equity to pay debt can be risky Sauk Valley Newspapers, IL - 13 minutes ago Due to the current mortgage crisis and housing situation in our country, I hesitate to recommend using home equity for anything. Your equity may disappear ...
  2008-01-31 11:17:24

• More '08 trends: optimism, green building, boomers - Chicago Sun-Times

  More '08 trends: optimism, green building, boomers Chicago Sun-Times, United States - 12 minutes ago From the mortgage meltdown to over-supply, it seemed each month brought more bad news. Here are some notions to keep an eye on in 2008: Even amid negative ...
  2008-01-31 11:18:05

• Florida investigates Countrywide - CNNMoney.com

  Florida investigates Countrywide CNNMoney.com - 9 minutes ago Countrywide, like many in the mortgage industry, has suffered under the weight of the subprime fallout as thousands of customers default on home loans. ...
  2008-01-31 11:21:12

• Texas Supreme Court Judge Cashed Out on Home 3 Times Before Fire - MyFox Houston

  Texas Supreme Court Judge Cashed Out on Home 3 Times Before Fire MyFox Houston, TX - 8 minutes ago ... of the house fire after discovering a mortgage company sued in June 2006 to foreclose on the home and they discovered an accelerant in the rubble. ...
  2008-01-31 11:22:01

• How the rate cut will affect you - Trading Markets (press release)

  How the rate cut will affect you Trading Markets (press release), CA - 6 minutes ago The general rule of thumb is refinance if your mortgage rate is about 2 percent higher than market rate because the savings will in time cover the closing ...
  2008-01-31 11:24:12

• Up $1 a gallon from last winter, heating prices putting hurt on ... - Leominster Champion

  Up $1 a gallon from last winter, heating prices putting hurt on ... Leominster Champion,  USA - 5 minutes ago "I hear daily from people who can't pay the mortgage , can't pay a heating bill, can't take another delivery," Flanagan said. She said the state helped ...
  2008-01-31 11:24:59

• Florida Investigates Countrywide Over Mortgage Practices - MyFoxOrlando.com

  Florida Investigates Countrywide Over Mortgage Practices MyFoxOrlando.com, FL - 3 minutes ago ... attorney general is investigating the nation's largest mortgage lender for possible unfair and deceptive business practices related to its home loans. ...
  2008-01-31 11:27:32

• Garces Teacher Strikes Plea Deal (KERO 23 Bakersfield)

  A Garces High School teacher has accepted a plea deal for having a sexual relationship with a student.
  2008-01-31 11:18:40

• U.S. Stocks Rise, Trimming January Decline; MBIA, Ambac Advance (Bloomberg.com)

  Jan. 31 (Bloomberg) -- U.S. stocks rose, sparing the Standard & Poor's 500 Index from its worst January ever, after the nation's largest bond insurer said it expects to keep its AAA credit rating.
  2008-01-31 11:21:24

• Senate Delays Stimulus Vote (Washington Post)

  Democratic leaders worry they may not have the 60 votes to replace $146B plan passed by House.
  2008-01-31 11:21:51

• Texas Supreme Court Judge Cashed Out on Home 3 Times Before Fire (FOX 26 Houston)

  Over five years, Texas Supreme Court Justice David Medina took out three high-interest, adjustable rate home equity loans amounting to nearly the full value of his home, which later burned in an arson fire.
  2008-01-31 11:22:25

• Douglas Reiterates Support For Four-Year Terms (WPTZ Plattsburgh)

  Gov. Jim Douglas reiterated his support for extending governors' terms to four years, saying Vermonters want the change and should get the chance to vote on it.
  2008-01-31 11:22:54

• Crist Sends Budget Proposal To Legislature (WJXT Jacksonville)

  TALLAHASSEE, Fla. -- Bracing for the weakening economy, Gov. Charlie Crist proposed a $70 billion state budget Thursday that seeks to boost spending on programs to stimulate business and counts on reserves and gambling money to get through the tough times.
  2008-01-31 11:25:10

• Florida Subpoenas Countrywide For Information On Mortgages (WJXT Jacksonville)

  TALLAHASSEE, Fla. -- Florida's attorney general is investigating Countrywide Financial Corp., a beleaguered California-based mortgage lender, for possible unfair and deceptive business practices related to its home loans.
  2008-01-31 11:25:23

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