Mortgage and Financial News From 2009-1-10 Page 21

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  • In search of a good doctor (Spartanburg Herald-Journal)

    PAULINE W. CHEN, M.D. Published: Friday, January 9, 2009 at 5:18 a.m. Last Modified: Friday, January 9, 2009 at 11:22 a.m.
    2009-01-10 12:15:24

  • State budget cuts likely (Detroit News)

    Another round of state budget cuts is likely coming in February, following a tax revenue forecast that indicates Michigan's current budget is out of whack by $917 million this year and a whopping $1.6 billion next year.
    2009-01-10 12:16:26

  • Is It Time To Refinance Your Mortgage? - Forbes

    Looking to refinance your mortgage? Do it now. Interest rates for 15- and 30-year fixed-rate mortgages are heading south of 5%, where they haven't been since Richard Nixon was president. Average 15-year fixed-rate loans, for example, are 4.67 ...
    2009-01-07 05:59:00

  • NJ gov signs $40 million anti-foreclosure measure - Associated Press

    TRENTON, N.J. (AP) -- Gov. Jon S. Corzine signed legislation Friday that provides $40 million for two programs aimed at keeping financially distressed homeowners from losing their homes to foreclosure. The bills are part of a package of legislation ...
    2009-01-09 10:07:00

  • Commerzbank issues government-backed bond - Associated Press

    BERLIN (AP) -- Commerzbank AG on Friday issued a euro5 billion ($6.8 billion) bond, the first to be backed by the German government's massive stabilization package. The bank said in a statement that the bond drew bids worth euro9 billion. The three ...
    2009-01-09 11:26:00

  • Homeowners Rushing to Refinance (WEAU Eau Claire)

    Lenders say refinancing your home can save you big bucks on your monthly payment – if you wait for the right rate.
    2009-01-09 10:13:38

  • Norm Coleman: 1 house, 14 years, 12 debt terms (Minneapolis-St. Paul Star Tribune)

    Mortgage debt has nearly quadrupled on the Colemans' St. Paul house.
    2009-01-09 10:36:05

  • N.J. law aims to fight foreclosures (Philadelphia Business Journal)

    Legislation aimed at stemming the tide of foreclosures in New Jersey was signed into law by Gov. Jon S. Corzine on Friday.
    2009-01-09 10:59:59

  • Contractor from Moon accused of bilking homeowners (Pittsburgh Tribune-Review)

    William F. Livorio, 67, who authorities say ran Revitalization & Funding Inc., was charged with 36 counts of theft by deception in a criminal complaint filed by Detective Bill Miller of the Allegheny County District Attorney's Office.
    2009-01-09 11:01:00

  • Ignore advice of wife's divorce lawyer (The Charlotte Observer)

    Q. My wife and I have been married almost nine years. At the end of 2007, we jointly purchased a home and are now in divorce proceedings. We have tentatively agreed that she can live in the house for about two years, until I can refinance the mortgage and buy out her part of the equity. At that point, I'd want to move back into the home. She wants to move anyway, and I would like to keep the ...
    2009-01-09 11:13:30

  • Boon to borrowers: Mortgage rates fall to 5 percent (The State)

    The Federal Reserve’s plan to coax mortgage rates lower is working: rates on 30-year fixed loans fell for the 10th consecutive week to the lowest levels in decades, according to a recent Freddie Mac survey. What is not clear, however, is whether rates are attractive enough to lure a significant number of home buyers back into the ailing housing market. Interest rates on conforming mortgages ...
    2009-01-09 11:16:09

  • Contractor accused of bilking senior citizens (Pittsburgh Post-Gazette)

    For the second time this decade, state investigators have charged a Moon businessman with scamming senior citizens, this time through a home refinancing scheme that bilked his clients out of
    2009-01-09 11:36:00

  • Troubled homeowners unaware of state aid programs (Pocono Record)

    State funds to help financially troubled homeowners keep their houses go begging because so few consumers are aware of the programs.
    2009-01-09 11:43:56

  • Lending program helps homebuyers, neighborhoods (Pioneer Press)

    It's a tough sell: Buy a rehabbed foreclosure in St. Paul's Dayton's Bluff neighborhood and help bring a devastated area back to life.
    2009-01-10 12:17:03

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