Mortgage and Financial News From 2009-1-29 Page 01
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Area home prices posted slight drop in November, researcher says - Everything Alabama Blog
A research firm says home prices in the Birmingham-Hoover metropolitan area dipped 2.4 percent in November, a decline much smaller than the national average. Alabama home prices dropped 5.2 percent that month, First American CoreLogic said. The firm ...
2009-01-29 09:41:00 -
Is getting high on drugs always a bad thing? - San Francisco Examiner
and so many pleasurable evenings. A while ago, I reread Jacob Sullum's Saying Yes: In Defense of Drug Use , several years after first picking the book up. I was struck, once again, by his treatment of the consumption of marijuana, cocaine ...
2009-01-29 01:58:00 -
Alabama counts homeless statewide in down economy - Opelika-Auburn News
MOBILE, Ala. (AP) — A team counting the homeless Thursday didn’t take long to spot 25-year-old Sharmika Lashell Doyle on the porch of an abandoned apartment amid neglected and burned-out housing. Doyle said she has lived for seven months in the ...
2009-01-29 05:12:00 -
How Much House Can You Afford? - Walletpop.com
To determine how much of a home you can afford, you need to calculate your expected monthly payment. Most of your payment will go toward loan principal and interest, also called P+I . However, your monthly payment is also likely to include amounts ...
2009-01-27 05:57:00 -
Mortgage loans ARE out there...but you'll have to do your homework - Walletpop.com
When I wrote the story that home buyers need lots of cash to qualify for Fannie Mae and Freddie Mac loans based on a Wall Street Journal story, some mortgage brokers wrote to me and said that's just not true nationwide. You will find those rigid ...
2009-01-29 04:29:00 -
When to refinance your mortgage (Bankrate.com via Yahoo! Finance)
As mortgage rates plunge, it becomes more tempting to refinance. Find out if such a move makes sense for you.
2009-01-29 05:00:00 -
When to refinance your mortgage (Bankrate.com)
The chance to refinance a mortgage at a lower interest rate is sure to get a homeowner's attention. But it's not always the right decision. Having bragging rights at the neighborhood picnic isn't a reason to refinance. Instead, it's good to put some thought behind the timing of your decision.
2009-01-29 05:44:36 -
Government debt prices hold steady Thursday (CNNMoney.com via Yahoo! Finance)
Government debt prices were mostly unchanged Thursday ahead of a record-sized auction as the House of Representatives passed a massive stimulus bill.
2009-01-29 10:15:00 -
Government debt prices slide Thursday (CNNMoney.com via Yahoo! Finance)
Treasury prices fell Thursday as the government continues to auction record amounts of debt and as investors consider whether or not the Fed will eventually buy longer dated securities.
2009-01-29 01:46:00 -
Option ARMs See Rising Defaults - Wall Street Journal
Defaults on a popular form of mortgage that gave home buyers a choice of how much to pay each month are rising and could rival those on subprime loans, potentially causing more trouble for investors and banks. Nearly $750 billion of option adjustable ...
2009-01-29 09:08:00 -
Provident Financial Services Inc. Q4 2008 Earnings Call Transcript - Seekingalpha.com
Hello and welcome to the Provident Financial Services Inc, fourth quarter 2008 earnings conference call. All participants will be in listen-only mode. There will be an opportunity for you to ask questions at the end of today’s presentation ...
2009-01-29 03:24:00 -
House prices fall by nearly 20% as 1.2m homeowners are trapped in ... - Daily Mail
A collapse of nearly 20 per cent in house prices means around 1.2million families are trapped in negative equity, it emerged yesterday. Figures from the Nationwide confirm that Britain is in the grip of the worst housing market crash since its ...
2009-01-29 08:53:00 -
Shock awaits those who break mortgage - Newstalk ZB
The Banking Ombudsman's office is being flooded with complaints from bank customers who want to break their fixed term mortgages, but do not want to pay the fee. The fee can amount to many thousands of dollars for early repayment. Ombudsman Liz Brown ...
2009-01-29 08:32:00 -
Fitch Affirms 9 Sr & Downgrades 1 Sub Class From Brazos Student ... - Earthtimes
--2001 B-1 to 'BB' from 'A'. The downgrade reflects the effect of increased funding costs on the transaction due to failed auctions. The actions follow a review of all auction-rate transactions to determine the ability of each to withstand increased ...
2009-01-29 05:40:00 -
U.S. to unveil menu of bank fixes next week: source (Boston Globe)
The Obama administration aims to roll out a menu of options next week to help stabilize the U.S. banking industry, with government aid tailored to individual banks' needs, a source familiar with the administration's thinking told Reuters on Thursday.
2009-01-29 08:40:21