Mortgage and Financial News From 2008-12-10 Page 01
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Protesters ask Bank of America to help Metro Detroit residents keep ... - Detroit News
DETROIT -- Lorene Parker said she chose life over her mortgage and now is in danger of losing the house she has called home for the past 10 years. With a medication list two pages long, the 52-year-old Parker said she has little money available other ...
2008-12-10 04:38:00 -
Mortgage Modification Legal Network Saves a Distressed Homeowner in ... - PR Inside
months behind and I was panicking," says Danny Osmon. "I couldn"t believe the incredible turn around and service I received. I am now able to rest a little more easily through the holiday season." Due to the sheer volume of the demand, homeowners ...
2008-12-10 04:45:00 -
More Canadian banks lower mortgage rates - Prince Edward Island Guardian
TORONTO — More major Canadian banks are dropping many of their fixed mortgage rates by one-fifth of a percentage point as of Thursday, following the lead of the Royal Bank of Canada (TSX:RY) — lowering the cost of borrowing to buy or keep a home ...
2008-12-10 10:14:00 -
U.S. Working on Affordable Mortgage Plan: Sources - ABC News
WASHINGTON (Reuters) - The Treasury Department is developing a plan to try to reduce mortgage rates on home loans to 4.5 percent on typical mortgages by expanding its purchases of mortgage backed securities, sources familiar with the plan said on ...
2008-12-02 05:59:00 -
Mortgage Rates May Dip Below 4%, Official Says - Tampa Bay Online
WASHINGTON - Government efforts to provide easier credit to consumers and help housing finance companies could push mortgage rates "well below 4 percent," a federal regulator said Wednesday. James Lockhart, whose agency oversees government-controlled ...
2008-12-10 10:57:00 -
Darling extends home loans holiday - Financial Times
Alistair Darling extended the potential length of a state-backed mortgage holiday for struggling homeowners on Wednesday, but he insisted that the risks of default would be shared with lenders. Mr Darling’s move significantly changed the terms of ...
2008-12-10 10:00:00 -
Regulator: mortgage rates could drop to 4 percent (San Jose Mercury News)
Government efforts to provide easier credit to consumers and jump-start flagging home sales could push mortgage rates 'well below 4 percent,' a federal regulator said Wednesday.
2008-12-10 11:03:58 -
Mortgage fraud is booming business for prosecutors (San Jose Mercury News)
Investigations into the collapse of financial titans such as Lehman Brothers, Bear Stearns and Washington Mutual have attracted most of the attention in the ongoing unraveling of the nation's mortgage-backed security mess. Lost in the headlines are prosecutions proceeding quietly on the local level against smaller players.
2008-12-10 11:04:18 -
Michael Jackson to auction thousands of possessions (New Kerala)
Los Angeles, Dec 11 : The glittery glove famously worn by former pop idol Michael Jackson in his 1983 video for the hit song 'Billie Jean' is up for sale.
2008-12-10 11:04:54 -
November foreclosure numbers down (Bradenton Herald)
WASHINGTON — The number of American homeowners dragged into the housing crisis fell last month to the lowest level since June as new state laws lengthened the foreclosure process, RealtyTrac reported Thursday.
2008-12-10 11:10:13 -
Police: Wife shot husband in Belfast (Bangor Daily News)
BELFAST, Maine — State police continued their investigation Wednesday into the shooting death of James G. Cummings by his wife in their High Street home.
2008-12-10 11:12:47 -
Slight tax increase for Methuen residents, bigger for businesses (The Eagle-Tribune)
METHUEN — The average single-family homeowner in the city will pay $30 more in property taxes next year and the average business owner will pay $619 more. The City Council last night unanimously approved a new residential tax rate of $10.81 per $1,000 of valuation, and $20.77 per $1,000 of valuation for commercial properties.
2008-12-10 11:12:48 -
Bank Chief Explains U.S. Funds (The Lakeland Ledger)
LAKELAND | Say your bank holding company is still turning a healthy profit in a down economy and its stock is faring well, yet the federal government just gave it nearly $28 million in capital anyway.What gives'
2008-12-10 11:13:18 -
Salem native Capt. Jason Faler founds nonprofit to help settle Iraqi interpreters in the U.S. (The Oregonian)
Some relocated interpreters are now teaching Arabic to members of the Oregon Army National Guard who will deploy to Iraq in 2009
2008-12-10 11:14:07 -
Anatomy of a housing meltdown (MSN Money Canada)
The U.S. real-estate bubble blew up the Rockaways -- but the bust left the area strewn with garbage, broken windows and other signs of urban blight. Here's the story of one New York neighbourhood's nightmare.
2008-12-10 11:15:34