Mortgage and Financial News From 2008-7-23 Page 10
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Chat transcript: Pamela Yip on keeping your finances on track amid economic turmoil (Dallas Morning News)
Dallas Morning News personal finance writer Pamela Yip answered readers' questions Wednesday on how to keep their financial goals on track in times of economic turmoil.
2008-07-23 11:30:52 -
Record home losses in California - Los Angeles Times
"Many analysts and traders believe that there is a significant likelihood that conditions in the housing and financial markets could deteriorate," the CBO said. "Such continuing problems would increase the probability" that the bailout would be ...
2008-07-23 05:24:00 -
My Mortgage PHD Offers Valuable Advice For Refinancing Arizona Home ... - WebWire
Interest rates have dropped, the AZ home real estate market is now a "buyer’s market", and home mortgage holders are scrambling to refinance their home loans. "It sounds GREAT, but... beware" says Larry Rogers, “The Dean” of My Mortgage Phd. He ...
2008-07-23 07:40:00 -
US home owners cut back refinancing - Financial Times
The rise in US mortgage rates has prompted a sharp decline in the number of refinancings according to data released yesterday by the Mortgage Bankers Association. Last week. the MBA’s refinancing index fell 5.6 per cent, while the 30-year fixed ...
2008-07-23 08:23:00 -
Alameda County Bans New Billboards (East Bay Express)
If you live in unincorporated parts of Alameda County, and you're sick of new billboards nagging you to refinance your home (hah! Like anyone will let you do that again!), you're in luck.
2008-07-23 08:36:54 -
30-Yr Mortgage Rates At Highest In Year, Weighing On Slumping Housing Sector (Nasdaq)
(RTTNews) - The Mortgage Bankers Association's weekly mortgage applications survey for the week ended July 18 revealed Wednesday morning that US home loan applications spiraled lower, weighed down by the highest 30-year mortgage rates in a year.
2008-07-23 08:48:14 -
Bush drops opposition to U.S. housing bill (International Herald Tribune)
The move clears the way for a broad package of legislation to shore up the troubled U.S. mortgage companies Fannie Mae and Freddie Mac and help struggling home owners refinance loans.
2008-07-23 09:02:05 -
Congress May Vote Today on Fannie-Freddie Rescue Plan (Update4) (Bloomberg.com)
July 23 (Bloomberg) -- The U.S. Congress may vote today on a rescue plan for Fannie Mae and Freddie Mac after lawmakers reached a deal on legislation aimed at alleviating the worst housing recession in a quarter century.
2008-07-23 09:06:02 -
White House says Bush will sign housing bill (Reuters via Yahoo! Malaysia News)
By Tabassum Zakaria
2008-07-23 09:18:54 -
White House says Bush will sign housing bill (EARTHtimes.org)
WASHINGTON (Reuters) - President George W. Bush on Wednesday dropped a threat to veto a housing rescue bill, clearing the way for measures meant to shore up the worst U.S. home market since the Great Depression.
2008-07-23 09:23:50 -
Mortgage-giant bailout could cost $25 billion (Casa Grande Dispatch)
A federal rescue of Fannie Mae and Freddie Mac could cost taxpayers $25 billion, congressional budget experts said, as the House scheduled to vote today on legislation that would tap the mortgage giants' profits to cover any losses from saving 400,000 homeowners from foreclosure.
2008-07-23 09:38:54 -
Rescue of mortgage giants could hit $25 billion (Southeast Missourian)
A costly rescue is just a worry, not a fact at this point
2008-07-23 10:15:17 -
Cox's Naked Short Package Weakens Market Jewels: Jonathan Weil - Bloomberg
July 23 (Bloomberg) -- Forget naked short sellers. The fellow who isn't wearing any clothes is Securities and Exchange Commission Chairman Christopher Cox . The emergency order the SEC issued last week, to protect the nation's financial system from ...
2008-07-23 12:37:00 -
Fidelity Reverse Mortgage Recruits On Line - Transworld News
Fidelity Reverse Mortgage, a reverse mortgage company headquartered in Denver, Colorado, is not a typical reverse mortgage lender in many ways. Continuing to successfully grow their retail sales platform, they are now using high tech tools to attract ...
2008-07-22 06:36:00 -
Drivers begin parking their cars - Globe and Mail
Ian Gunn from Minneapolis, United States writes: Having worked in the retail business, comparing month to month sales is silly. You can seasonally adjust all you would like, but there is no comparison like looking at last May to this May. That to me ...
2008-07-23 08:58:00