Mortgage and Financial News From 2008-2-10 Page 17

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  • Stephen King: Misguided thinking of those who say recession would purge the system (Independent)

    I never thought I'd associate the economics profession with sadism, but I'm beginning to wonder. In recent weeks, I've read an increasing number of articles suggesting that a recession would do the world economy a power of good. The protagonists' arguments follow in the best traditions of John Major's approach to economic policy. It was the mild-mannered Mr Major, after all, who once said "If ...
    2008-02-10 04:22:23

  • Surviving the current recession

    Richmond Register - If you have manageable debt, but a good credit rating, now is the time to refinance. If you have a variable mortgage, you need to get a fixed one. Today. People can call their credit card lenders and get better rates. Try it. All they can tell you ...
    2008-02-10 07:24:00

  • Bay Area helped by new loan limits

    Contra Costa Times - ... are in the market as well as home sellers, who should benefit from a larger pool of buyers who would be able to get bigger loans at lower interest rates. Homeowners with nonconforming, or jumbo, loans also could benefit because they could refinance ...
    2008-02-10 11:27:00

  • Northern Rock 'can profit from mortgages'

    This is Money - Brussels is expected to seek tough limits on how Northern Rock can raise cash and compete with rivals as the price for approving the Government's proposal to guarantee £24 billion of bonds needed to refinance the bank. Thompson said: 'We are ...
    2008-02-10 09:25:00

  • Financial boom was a bust for ordinary people

    Oakland Tribune - Refinance your house! Financiamos a todos! It wasn't just the bottom-feeders that joined the frenzy to lend to the poor; big companies, such as Wells Fargo and Countrywide Financial, plunged right in. But somehow, no one bothered to figure out where ...
    2008-02-10 09:40:00

  • Loan week, February 1-6

    Finance Asia - ... Bank, Hwatai Bank, Shin Kong Commercial Bank and The Chinese Bank, which all took an equal share of NT$43.1 million. Participants Asia Trust and Investment Corporation and Citi (Taiwan Branch) also held NT$43.1 million each. Proceeds are to refinance ...
    2008-02-10 02:40:00

  • Mortgage crisis addressed

    Inland Valley Daily Bulletin - Families would be allowed to refinance their mortgage through a government-administered loan with a set interest. The entity would accept loan applications for three years, and after that, it would serve to finish the administration of the loans ...
    2008-02-10 02:55:00

  • Northern Rock's profitable mortgage book - This is Money

    Northern Rock's profitable mortgage book This is Money, UK - 11 hours ago ... raise cash and compete with rivals as the price for approving the Government's proposal to guarantee £24 billion of bonds needed to refinance the bank. ...
    2008-02-10 04:36:21

  • SBP warning to government - The Post

    SBP warning to government The Post, Pakistan - 6 hours ago The SBP will provide 70 percent refinance to banks/DFIs on their disbursements under the new scheme. The borrower has the option to borrow for three ...
    2008-02-10 09:28:39

  • We do not see any limits to our SME role: SIDBI - Economic Times

    We do not see any limits to our SME role: SIDBI Economic Times, India - 2 hours ago One of the major roles of SIDBI is to motivate banks and others to lend more to SMEs by providing them refinance which contributes above 50% of our total ...
    2008-02-10 01:44:21

  • No more Mr. Nice Guy (The Charlotte Observer)

    Based on the amount of income that Americans fail to report every year -- $345 billion, according to one government report -- millions of Americans have little fear of a government audit. But tax pros and government reports suggest the Internal Revenue Service is gradually shedding its "kinder and gentler" attitude in favor of more and stricter audits. In short, an audit could be like a truck ...
    2008-02-10 08:49:15

  • Foreclosure counselors swamped by people in crisis

    Riverside Press Enterprise - ... record high for the fourth consecutive quarter, DataQuick Information ... Some were struggling to pay the mortgage on a prime, or quality loan, despite having good credit and assets. Or they were trying to refinance a fixed-rate loan with a lower ...
    2008-02-08 03:54:00

  • Property sales defy interest rate rises

    News.com.au - There was never going to be blood in the streets, but realistically auctions could have been down, especially in mortgage-belt areas," said Melbourne loans consultant Noel Atkinson of Atlas Property Group. Rates rises may feed through He said it would ...
    2008-02-10 01:00:00

  • More Kiwis to lose homes

    Stuff - Kolff said property owners with low incomes or big mortgages could be struggling as they faced higher interest payments after fixed-term mortgage rates expired. "Already this month we have seen some properties go to mortgagee sale and this is likely ...
    2008-02-10 08:00:00

  • Land Costs Major Driver in Housing Affordability

    Scoop - In 1998 the increase in affordability was mainly due to a fall in mortgage rates from around 11 percent to 7 percent. Since, 1999 affordability has declined markedly due to increasing section prices, construction costs and home lending interest rates ...
    2008-02-10 03:02:00

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