Mortgage and Financial News From 2009-4-14 Page 01
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HOUSING: Mortgage defaults hit new high, spread to upscale ... - North County Times
Mortgage delinquencies hit a new high in March, suggesting that foreclosures will continue to weigh on home prices through the year, according to a report released Tuesday. The report also showed that notices of default, the first step in the ...
2009-04-14 06:09:00 -
Bruce Williams: Get house in order or lose it to debt - Reading Eagle
Dear Bruce: I earn $60,000 a year. My mortgage is $75,000, and the home is worth about $110,000. My total includes a second mortgage, which I used to pay off a bunch of credit-card debt, but now I am back in the same position. I owe $20,000 on my ...
2009-04-14 11:02:00 -
Increase in home buyer inquiries - PA - Guardian Unlimited
Interest in property rose for the fifth month in a row during March, with sales increasing for the first time for more than a year, figures have showed. New buyer inquiries were strong in all regions of the country as people looked to take advantage ...
2009-04-14 11:59:00 -
Steps can be taken to stay home - Seneca County Advertiser-Tribune
During the second half of 2008, the United States learned about a serious crisis within the mortgage industry. The crisis threatened to topple the country's economy and plunge the U.S. into another Great Depression. Homeowners throughout the country ...
2009-04-14 10:12:00 -
Few Australian home owners fall into negative equity - The Australian
Luci Ellis, the head of the Reserve Bank of Australia's Financial Stability Department, said that "relatively few households in Australia face going into negative equity, even if housing prices do fall somewhat". Negative equity occurs when the ...
2009-04-14 11:02:00 -
ELKHART: Century 21 Landmark offers mortgage plan - Elkhart Truth
To spur activity in the stagnant real estate market, Century 21 Landmark is offering to make up to six months worth of mortgage payments for homebuyers who lose their jobs. "Obviously there is a lot of uncertainty in the marketplace today," Sam ...
2009-04-14 10:55:00 -
Few Australians Face Negative Equity in Home Loans, RBA Says - Bloomberg
April 15 (Bloomberg) -- Few Australian home borrowers face “negative equity” if property prices fall because tighter lending standards and tax rules encourage households to repay debt faster than other countries, a central bank official said ...
2009-04-14 06:30:00 -
Around the region: Ex-Merrill leader on board in Texas (Houston Chronicle)
Stanley O’Neal, former chairman and chief executive officer of Merrill Lynch & Co., joined the board of American Beacon Advisors, a Fort Worth-based investment firm with $36.6 billion in assets under management.
2009-04-14 11:57:16 -
'Glimmers' of hope, but US not out of woods: Obama (Zawya)
WASHINGTON, Apr 14, 2009 (AFP) - US President Barack Obama said Tuesday he saw "glimmers of hope" as America battles the deepest economic slump in generations but warned of painful choices and more deep job cuts to come.
2009-04-15 12:04:36 -
Paying, and then some (Southeast Missourian)
Dear President Obama:I know your schedule is hectic, so I won't take too much of your time. Just wanted to let you know that I paid my income taxes today in case Detroit or the banking industry was...
2009-04-15 12:07:47 -
Business briefs (The Sarasota Herald-Tribune)
SOUTHWEST FLORIDA 30-year mortgage holding steady
2009-04-15 12:09:38 -
Groups outside political mainstream united in anger at Missouri's militia report (Southeast Missourian)
A gay man caring for his parents while earning money trading commodities. A man devoted to his vision of Southern heritage. An unemployed grandfather who has devoted his life to his family. A...
2009-04-15 12:12:59 -
Chinese drywall poses risks across Gulf Coast (The Daily Comet)
In Louisiana, the state Health Department has received complaints from at least 350 people in just a few weeks. Many of the affected homeowners rebuilt after Hurricane Katrina only to face the prospect of tearing down their houses and rebuilding again.
2009-04-15 12:15:45 -
Local March home sales up over February (The Pantagraph)
BLOOMINGTON -- March home sales show that real estate in McLean County is gaining momentum, though sales still lag behind last year.
2009-04-15 12:16:56 -
Agency to move after rent increase (The Joplin Globe)
A relationship between the Area Agency on Aging and an organization that previously existed primarily to assist the agency continues to welter in controversy.
2009-04-15 12:18:17