Mortgage and Financial News From 2009-3-26 Page 01

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  • Mortgage rates at record low - San Jose Mercury News

    Mortgage rates dropped to a record low this week, stoking a surge in refinance applications in the South Bay as homeowners look to take advantage of some of the best loan deals in nearly 40 years. The national average interest rate for 30-year home ...
    2009-03-25 07:58:00

  • Who Knew? - Town Hall

    Who Knew?Town Hall, DC105% of the value of the house is the limit that the government will help with refinancing the mortgage. The sentiment of the populace who did the right thing is "why did we do it? We would have been better off to not make the payments! ...
    2009-03-26 03:50:04

  • Who Are These Bad Guys in this Mortgage Mess? - OpEdNews

    Who Are These Bad Guys in this Mortgage Mess?OpEdNews, PAThe mortgage business dried up and even those like himself, who wanted to refinance could not because they owed more than their home was worth. He joined a large group of people in danger of moving their families to the street. ...
    2009-03-26 03:51:09

  • Holding back the flood...Tornado damage...Fishermen lost ... - KXMC

    Holding back the flood...Tornado damage...Fishermen lost ...KXMC, NDWASHINGTON (AP) President Barack Obama says thanks to his economic stimulus plan, it's now possible for 40 percent of homeowners to take advantage of record-low mortgage interest rates. In his first online town hall meeting, Obama encouraged eligible ...
    2009-03-26 04:01:22

  • 10-K: CORPORATE PROPERTY ASSOCIATES 15 INC - MarketWatch (press release)

    10-K: CORPORATE PROPERTY ASSOCIATES 15 INCMarketWatch (press release)Refinanced two existing non-recourse mortgage loans totaling $76.7 million for $68 million, inclusive of minority interest of $39.9 million and $28.7 million, respectively. In connection with the advisor's SEC Settlement, recognized income of $9.1 ...
    2009-03-26 04:07:52

  • Hernando County home sales up, median price down - Tampabay.com

    Hernando County home sales up, median price downTampabay.com, FL"(Many of) those people aren't going to be able to refinance, either, or come up with another $400, $500 or $600 a month," he said. "It doesn't mean it's not a great time to buy," Hanoud added, "as long as you are planning to do it long term. ...
    2009-03-26 04:11:04

  • Buyers Market - WEEK-TV

    Buyers MarketWEEK-TV, ILLaHood says she will be able to save about 70 extra dollars a month with a lower mortgage payment. Busey Bank Vice President John Abraham says there are trade offs to consider when refinancing a home. "What you have to look at is how long is it gonna ...
    2009-03-26 04:13:51

  • PD EDITORIAL: Sweetheart loans - Santa Rosa Press Democrat

    PD EDITORIAL: Sweetheart loansSanta Rosa Press Democrat, CAAn exchange of e-mail between the lobbyist and a Countrywide lawyer suggested the existing loan terms were appropriate, but Tooley got a refinance offer anyway — “for political and public relations reasons.” Tooley, like Dodd before him, ...
    2009-03-26 07:31:16

  • No help for homeowners: "I'm in the same position I was in a year ... - Winknews.com

    No help for homeowners: "I'm in the same position I was in a year ...Winknews.com, FloridaBass hopes to refinance her Buckingham home to save it from foreclosure. "I kept trying and trying, but that door was closed," Bass says. The problem? Her home is worth half of what she paid for it. Bass literally stopped paying her mortgage in an ...
    2009-03-26 09:32:59

  • Kassab: Crisis turns homeownership upside down - Orlando Sentinel

    Kassab: Crisis turns homeownership upside downOrlando Sentinel, FLIn many cases, the buyers have good credit, steady income, may have even put 20 percent down when they bought their homes and dutifully made their mortgage payments on time. But they hang up the phone disappointed. They can't refinance. ...
    2009-03-26 09:46:29

  • Do you know about these 10 tax deductions? - Seattle Post Intelligencer

    Do you know about these 10 tax deductions?Seattle Post IntelligencerThe article suggests you take a look at: Mortgage refinance points on a second refinance, in some cases. Some of the deductions are only for those who itemize. Posted by Rita R. Robison at March 26, 2009 7:44 pm There are currently no comments for this ...
    2009-03-26 09:50:27

  • Ex-Ecorse school official gets 46 months for fraud (Detroit News)

    DETROIT -- A man who used his management position with Ecorse Public Schools to steer technology contracts to companies he controlled was sentenced to 46 months in prison in federal court Thursday.
    2009-03-26 03:51:42

  • Mortgage rates hit record low, Silicon Valley refinancing applications surge (San Jose Mercury News)

    Most recent survey shows they hit 4.85 percent, the lowest since at least 1971. Local brokers report a surge in refinance applications.    Real estate news
    2009-03-26 08:34:45

  • Up the Academy - Reason.com

    On Valentine's Day, President Clinton spoke to an audience in San Francisco that had every reason to love him: the American Council on Education, the chief lobbying organization for the nation's colleges and universities. Just a month before, in his ...
    2009-03-26 07:43:00

  • UPI NewsTrack Business - United Press International

    NEW YORK, March 26 (UPI) -- U.S. stock indexes rose Thursday on preliminary indications the government would continue to support General Motors Corp. ( NYSE:GM ) and Chrysler LLC. How U.S. President Barack Obama's automotive task force will handle ...
    2009-03-26 05:19:00

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