Mortgage and Financial News From 2009-5-23 Page 01
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New to Home Ownership, and Delinquent - New York Times
AS soon as she saw the colonial-style home advertised for sale in the pages of a supermarket shopper, Natalie Chong knew that was where she wanted to live. The 41-year-old single mother of two teenagers was living in Montclair in a two-bedroom ...
2009-05-16 06:28:00 -
Mortgage Loan Rates Stay Under 5% - 9 Straight Weeks - HULIQ.com
Mortgage loan interest rates continue to hold steady at under 5% for the ninth week in a row. Although Freddie Mac reported a minimal mortgage interest rate increase of .02 percent for the week ending May 14th, 30-year fixed rate mortgages continue ...
2009-05-17 05:51:00 -
Dodd: I didn’t know VIP meant perks - Thehill.com
A senior GOP aide, however, contended that Republicans would get much tougher treatment by ethics watchdogs and the media had they received preferential treatment from a lender. “If they were Republicans, there would be calls from editorial boards ...
2009-05-23 12:57:00 -
Fed's Kohn says rates likely to stay low (Tiscali)
PRINCETON, New Jersey (Reuters) - The U.S. Federal Reserve is likely to keep benchmark interest rates near zero for a while in an economy that is pulling out of a steep decline and appears on course for a very gradual recovery, Fed Vice Chairman Donald Kohn said on Saturday.
2009-05-23 08:05:40 -
The Writers Make News. Unfortunately. (New York Times)
Three events that raised different issues.
2009-05-23 08:59:57 -
Freddie Mac: Mortgage rates fall again (Dayton Business Journal)
Mortgage rates remain low as the Federal Reserve continues to make moves to keep them that way. (FRE)
2009-05-23 09:47:56 -
Credit-card reform welcomed by users w/ (The Joplin Globe)
For what Joplin resident Gina Hendrix, 39, paid her credit-card company for her washing machine over six years, she realized she could have bought her own laundry business.
2009-05-23 09:59:30 -
Ritz Carlton condo sales crack (Boston Herald)
The glitz is off the Ritz. There is a glut of condominiums for sale at the Ritz Carlton Towers on Avery Street in the Boston's Downtown Crossing. The MLS Property...
2009-05-23 11:05:19 -
Seized homes accumulate (Concord Monitor)
Here are two ways to consider the effect of foreclosures on New Hampshire's housing market: Foreclosed homes represent just 1 percent of all owner-occupied properties in the state. But looking solely at houses currently for sale, foreclosures account for more than 25 percent of the market.
2009-05-23 11:10:04 -
Government breaks student loans pledge - This is Money
A post was made by the Student Loans company yesterday on its website, revealing that interest will be set at 0% this year, despite the Retail Prices Index (RPI) used to set the rate falling into negative territory. The annual student loan interest ...
2009-05-13 07:57:00 -
Credit-Crunched Times' Writer Edmund Andrews Responds To Sketchiness ... - Gawker
NewsHour, who ran a segment on his book Thursday night, asked him for a quote on the kerfuffle. He cries innocence: It is hard to believe that anybody would accuse me of trying to airbrush a story in which I recount the cringe-inducing details of my ...
2009-05-23 03:28:00 -
Home foreclosures still rising - Daily Advance
The two boxes of facial tissues on Katrina Bryant’s desk are about as good a symbol as any for the home foreclosure crisis that continues to grip a growing number of area homeowners. Bryant, a housing counselor for Northeastern Community ...
2009-05-23 07:24:00 -
HOMEOWNERS TO BENEFIT FROM NEW LOAN DEALS - Daily Express
HOMEOWNERS looking to remortgage could qualify for cheaper loans now that lenders are extending loan criteria to allow more borrowers to secure their most competitive rates. Alliance & Leicester and Abbey have widened the criteria for their lowest ...
2009-05-23 05:58:00 -
Two candidates for Florida governor have lengthy ties to banking ... - St. Petersburg Times
TALLAHASSEE — When Democrat Alex Sink announced she was running for governor recently, the Republican Party instantly branded her a "former banker," invoking the ugliness of subprime loans, corporate greed and government bailouts. But by raising ...
2009-05-23 08:00:00 -
State foreclosure moratorium has heart but no soul - Victorville Daily Press
VICTORVILLE • Some real estate agents are saying that the 90-day foreclosure moratorium bill signed by Gov. Arnold Schwarzenegger in February has its heart in the right place - but with no long-term impact for homeowners it lacks any significant ...
2009-05-23 07:45:00