Mortgage and Financial News From 2009-3-5 Page 01

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• NRF Warns Banks’ Mortgage Mistakes Being Repeated in Credit Card ... - Businesswire.com

  WASHINGTON--( BUSINESS WIRE )--The National Retail Federation told state attorneys general this week that hefty interchange fees have changed the credit card industry in much the same way lucrative origination fees changed the home mortgage industry ...
  2009-03-05 01:45:00

• Why Government's Housing Efforts Won't Be Enough - CNBC

  Your job may seem boring, but, hey, at least it isn't dangerous. Take a look at the ten deadliest jobs in America, ranked by fatality rate. The government's efforts to prop up the ailing housing market don't go far enough and as a result are unlikely ...
  2009-03-05 05:42:00

• House Passes Mortgage Bankruptcy Bill - FOX News

  The House passed a bill Thursday intended to ease the burden on homeowners struggling to pay their mortgages. The so-called "cram down" bill passed by a 234-191 margin. The final tally was not entirely party-line as 24 Democrats voted against the ...
  2009-03-05 05:42:00

• Who qualifies for federal mortgage assistance? - WCNC

  CHARLOTTE, N.C. -- President Barack Obama's new housing plan aims to accomplish two things: Prevent more foreclosures and force lenders to refinance people whose homes have lost their value in today's falling market. Obama also says it will save ...
  2009-03-05 05:56:00

• 12 Percent Are Behind On Mortgage Or In Foreclosure - Huffingtonpost.com

  Compare 06:37 PM EST 06:07 PM EST 06:06 PM EST 05:27 PM EST 04:09 PM EST 03:47 PM EST 01:18 PM EST 12:54 PM EST 11:34 AM EST 11:25 AM EST 10:14 AM EST 10:08 AM EST 10:03 AM EST and 06:37 PM EST 06:07 PM EST 06:06 PM EST 05:27 PM EST 04:09 PM EST 03 ...
  2009-03-05 05:13:00

• Mortgage woes break records again in 4Q - South Coast Today

  Patriots Blog: The moves nobody's talking about Bristol County sheriff running out of money Union fights for laid off firefighter serving in Iraq Dartmouth library board votes not to renew director's contract in budget crunch Historical Commission ...
  2009-03-06 12:01:00

• Glint of hope in the gloom Problem needs a fare solution - Irish Independent

  Glint of hope in the gloom Problem needs a fare solutionIrish Independent, IrelandFRANKFURT'S decision to cut interest rates once again affords some small relief to Irish mortgage payers, but it is also a symptom of the depth of the crisis faced by all of us within the eurozone. The latest interest rate cut is unlikely to stem the ...
  2009-03-05 10:51:03

• Carey family takes pride in 100 years of Hawthorne Race Course - Chicago Tribune

  Carey family takes pride in 100 years of Hawthorne Race CourseChicago Tribune, United States"Then we would make a agreement with Continental to pay the interest and principal, and the bank would make an arrangement with the builder that was almost like a mortgage." After some hesitation the village trustees issued the $10 million in ...
  2009-03-05 10:54:29

• Interest rate cuts to entice buyers into the market - Irish Independent

  Interest rate cuts to entice buyers into the marketIrish Independent, IrelandNot alone do banks charge higher interest rates to investors but banks are also slower to pass on any rates cuts. Furthermore investor repayments will be higher than owner occupiers because they will need to pay off their mortgage within 25 years ...
  2009-03-05 10:55:07

• A slamdown over cramdowns - Boston Herald

  A slamdown over cramdownsBoston Herald, United StatesModifications are voluntary interest-rate cuts or other concessions that reduce borrowers’ monthly mortgages payments. Such breaks often cost banks less than foreclosing. However, lenders have only modified a relatively small number of loans since the ...
  2009-03-05 11:04:12

• New Mortgage Loans Information Site Launched - The Open Press (press release)

  New Mortgage Loans Information Site LaunchedThe Open Press (press release)Unlike other websites which sell or promote mortgage loans, mortgage.talkinghomeloans.com is only focused on providing information about mortgage refinancing, mortgage loans and other related areas of mortgage. Already the site has become popular among ...
  2009-03-05 11:09:57

• Why a Recession Won’t Stop Mercers Selling Spanish Property - PR-USA.net (press release)

  Why a Recession Won’t Stop Mercers Selling Spanish PropertyPR-USA.net (press release), BulgariaWhat’s more, with monthly payments at today’s rates on a 55000 euro 20-year term mortgage around 300 euros per month interest-only or 400 euros per month repayment, it’sa manageable outgoing for the privilege of a place in the sun. ...
  2009-03-05 11:20:07

• Foreclosues continue to rise throughout entire country - UT The Daily Texan

  Foreclosues continue to rise throughout entire countryUT The Daily Texan, TXFigures released Thursday show that nearly 12 percent of all Americans with a mortgage — a record 5.4 million homeowners — were at least one month late or in foreclosure at the end of last year. That’s up from 10 percent at the end of the third quarter ...
  2009-03-05 11:35:24

• Federal oversight of lenders found lax compared with state - Seattle Post Intelligencer

  Federal oversight of lenders found lax compared with stateSeattle Post IntelligencerBy then, only mortgage brokers who employ loan originators -- the bosses -- were required by the state to undergo background checks and licensing. The Mortgage Bankers Association and their counterparts at the Washington Mortgage Lenders Association ...
  2009-03-05 11:37:10

• Tech park could make city hub of green autos - Anderson Herald Bulletin

  Tech park could make city hub of green autosAnderson Herald Bulletin, INStaley said there simply wasn’t room for all the companies that have shown interest in the former General Motors town. “We have several companies that we’re talking to that want to be here,” he said. “There is no room at the inn at the Flagship. ...
  2009-03-05 11:39:33

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