Mortgage and Financial News From 2009-3-22 Page 01

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  • Tata’s Nano, World’s Cheapest Car, May Not Help Pay Down Debt - Bloomberg

    March 23 (Bloomberg) -- Ratan Tata , head of India’s biggest diversified group, is having trouble trading up from his 100,000 rupee ($2,000) car to a new stable of Land Rovers and Jaguars. Tata Motors Ltd. will begin taking orders next month for ...
    2009-03-22 07:04:00

  • Refinance rush - Baltimore Sun

    T he economic turmoil of 2008 has left few bright spots, but here's one: Mortgage rates have plummeted. Rates on 30-year, fixed loans are hovering around 5 percent - the lowest level since Freddie Mac began tracking rates in 1971. Some economists ...
    2009-03-21 07:56:00

  • Big vision, big troubles at Fresno's Met - Fresno Bee

    Big vision, big troubles at Fresno's MetFresno Bee, CAIt was granted by United Security Bank nearly two years ago to complete renovation of The Met's home, an 87-year-old building in Fresno's Uptown area that once housed The Fresno Bee. Museum officials have tried for months to refinance the loan, ...
    2009-03-22 04:42:42

  • Hungarian PM admits errors and offers to quit - The Australian

    Hungarian PM admits errors and offers to quitThe Australian, AustraliaCapital flight out of Hungary has dragged its currency, the forint, down substantially, further complicating efforts to refinance the country's debt - and squeezing many Hungarian home owners and businesses who took out loans in foreign currency during ...
    2009-03-22 08:17:34

  • US House Prices Could Drop Another 20%, Housing Market Crisis ... - The Market Oracle

    US House Prices Could Drop Another 20%, Housing Market Crisis ...The Market Oracle, UKThe excess inventory of homes would quickly disappear and the millions of jobs that were lost as home construction fell into a deep depression would come back. If housing values rise, many families would be able to refinance their homes at lower rates ...
    2009-03-22 11:13:18

  • Financial Meltdown Part Deux - BlueOregon

    Financial Meltdown Part DeuxBlueOregon, ORBut shouldn't people with Alt A mortgages be exactly the people who could refinance under the administration's mortgage plan? Or would "improper documentation" cause problems? Also, wouldn't the mortgage be reset at a low interest rate, ...
    2009-03-22 04:36:38

  • Curious Rubicon revelations - Business Spectator

    Curious Rubicon revelationsBusiness Spectator, AustraliaThe first hint that the Rubicon deal was a stinker, came in February 2008 when the Rubicon America Trust (RAT) admitted it could not longer rely on the CDO market to refinance its CRE loans in a warehouse facility. It got a hell of a lot worse. ...
    2009-03-22 05:03:00

  • Can You Stop Foreclosure? - HULIQ

    Can You Stop Foreclosure?HULIQ, NCTry to refinance. If your credit is decent you might have a chance to refinance your mortgage. This has the possibility of added benefits. You mortgage rate could drop and if there is a second loan it could be added on to the new loan. ...
    2009-03-22 07:17:48

  • Pragmatic Shift in Turkey - Wall Street Journal

    Pragmatic Shift in TurkeyWall Street JournalBut Turkish exporters have borrowed heavily in foreign currencies and have around $28 billion to $30 billion in foreign-currency debt to refinance this year. Demand for their goods has fallen off a cliff as the EU, their main market, has hit the skids. ...
    2009-03-22 07:48:08

  • Smart Credit Tips for a Recession (Carteret County News-Times)

    (ARA) - It's official: the country is in a recession and consumers are feeling the pinch of the credit crunch. With banks tightening their lending, it's becoming more and more difficult to get auto loans, mortgages and even credit cards.
    2009-03-22 04:04:33

  • Stocks Jump on U.S. Spending, Energy Prices (The Moscow Times)

    23 March 2009 By Ira Iosebashvili / The Moscow Times The U.S. Federal Reserve's decision on Wednesday to pump an additional $1 trillion into the financial system boosted prices for stocks and commodities around the world, and Russia was no exception.
    2009-03-22 03:53:50

  • Rechler navigates his empire through tough times (Newsday)

    There's nothing but a pile of dirt on the site along the Long Island Expressway in North Hills where Scott Rechler's Ritz-Carlton luxury development was supposed to have begun rising two years ago.
    2009-03-22 04:32:07

  • IRD gives up pursuing APN over masthead (Scoop.co.nz)

    March 23 – The Inland Revenue Department has dropped its challenge to tax deductions claimed by APN News & Media Ltd. over the sale and lease back of its mastheads.
    2009-03-22 05:01:59

  • Mortgage interest rates continue to inch downward (Rome News-Tribune)

    Mortgage rates both in Rome and nationally have tumbled to historic lows after the Federal Reserve’s sudden decision last week to print $1.2 trillion and pump it into the economy.The national average rate on a 30-year, fixed-rate mortgage fell to 4.94 percent, down nearly a quarter of a percentage point from a day earlier, according to financial publisher HSH Associates.Rome lenders are offering ...
    2009-03-22 07:29:17

  • Mortgage Rates Continue To Fall - 3/22/2009 (WLIO NBC Lima)

    If you are looking to buy a new home or refinance your current dwelling, now may be the time to do it. Rates on 30 year mortgages continue to fall to their lowest level in months. Mortgage giant Freddie Mac says the average rate on a 30 year fixed rate mortgage is 4.98 percent.
    2009-03-22 07:48:54

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