Mortgage and Financial News From 2008-12-18 Page 01
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Gibbons asks lenders for 90-day freeze on foreclosures - Las Vegas Sun
Audit critical of state’s regulation of mortgage companies (12-11-2008) Their dreams shattered, investors left to wonder (11-28-2008) City works to prevent foreclosures (11-13-2008) Those empty homes for sale are harming communities (10-28-2008 ...
2008-12-10 05:57:00 -
Blausey denied entry into early-release program - Newark Advocate
NEWARK — A man convicted of preying on homeowners facing foreclosure was in prison for slightly more than two weeks before his first chance at early release presented itself. Common Pleas Judge Thomas Marcelain on Thursday denied Harry Blausey an ...
2008-12-18 05:18:00 -
Grand Jury Indicts Pastor In Alleged Mortgage Fraud Scheme - Denver Channel
The indictment alleges that Harold Joe Hicks used surrogates to purchase property and then falsified mortgage applications to get lower interest rates. "He would bring nearly completed mortgage applications... and (would) have the surrogate buyer ...
2008-12-17 05:55:00 -
New jobless claims drop more than expected - Arizona Daily Star
The Labor Department reported Thursday that new applications for jobless benefits fell to a seasonally adjusted 554,000 for the week ending Dec. 13, from an upwardly revised figure of 575,000 the previous week. The new tally was slightly below ...
2008-12-18 02:12:00 -
Rush To Refinance - KAKE TV
There's a rush to refinance, as homeowners take advantage of lower interest rates. Mortgage rates are at record lows since the Federal Reserve continues to drop the interest rate. For a homeowner with a 6% or higher rate, refinancing will save big ...
2008-12-18 05:47:00 -
Feds OK new regs on credit cards (Hutchinson News)
WASHINGTON - Federal regulators on Thursday adopted sweeping new rules for the credit card industry ...
2008-12-18 11:13:37 -
Last house in Danversport to be rebuilt goes up (The Salem News)
DANVERS and mdash; The final house left to be replaced two years after the Dan-versport blast went back up yesterday. The Bishop home, demolished by an excavator in October, took shape at 15 Riverside St., the 25th home to be torn down and replaced. A crane set the two sections of the modular home on a new foundation, and workers were busy installing the roof.
2008-12-18 11:13:50 -
Lease-back plan for homes fails (Albany Times Union)
Owner of dozens of properties files for bankruptcy protection ALBANY ? An Albany man who purchased dozens of homes facing foreclosure and leased them back to the former owners has filed for bankruptcy protection as his company's mortgages on the properties now face possible foreclosure.Chapter 11 bankruptcy documents were filed Tuesday in U.S. Bankruptcy Court for two companies owned by ...
2008-12-18 11:21:46 -
Giants Lose to Lehman in $300 Million Swaps as They Romp in NFL (Bloomberg)
Dec. 19 (Bloomberg) -- The New York Giants are 11-3 on the field. On Wall Street, they’re down $300 million and counting. From a bond market collapse and skyrocketing interest rates to the bankruptcy of its investment bank, the Super Bowl champions have taken one hit after another financing what co- owner John Mara calls the world’s most expensive sports venue: a $1.6 billion New Jersey stadium ...
2008-12-18 11:21:55 -
Enjoy the season, then roll up your sleeves (The Barnstable Patriot)
This is a great time of the year. No matter what the issues or the concerns, we always find a way to put them aside and enjoy the holiday season. Given what we know now, it is especially important that we come together and maximize the good feelings generated by this special time of the year.
2008-12-18 11:25:11 -
Re below 47, yen at 13-year high (Business Standard India)
Dollar falls after Federal Reserve’s move to slash rate to near-zero levels. Heavy selling of dollars in the wake of the US currency’s weakness against major global currencies saw the rupee close below the 47-mark against the greenback for the first time in over two months.
2008-12-18 11:28:34 -
Pay Your Mortgage Or Walk Away? New Calculator Helps You Decide - San Francisco Gate
With a booming demand for foreclosure-related services, at least one market savvy individual -- California consumer attorney Peter Fredman -- had the bright idea to launch a "Walk Away" calculator , which helps cash-strapped homeowners calculate the ...
2008-12-18 01:29:00 -
eBay and the Brain: What Psychology Teaches Us about the Economic Downturn (Scientific American)
Peter Ubel is professor of medicine and psychology at the University of Michigan, where he directs the Center for Behavioral and Decision Sciences in Medicine. He’s the author of the forthcoming book, Free Market Madness (Harvard Business, 2008), which investigates the irrational tics that lead people to overbid on eBay, eat too much ice cream and take our mortgages they can’t afford. Mind ...
2008-12-18 06:11:07 -
Prepaying Your Mortgage: Is It Worth It? (TheStreet.com)
Putting a little extra cash toward your mortgage is a great money saver. But bear in mind that any extra payments you make to your lender get locked up in your home's equity.
2008-12-18 09:51:17 -
Smart Moves to Make After the Fed Cut (Fox News)
Take advantage of the action by the Federal Reserve with these money moves.
2008-12-18 10:08:38