Mortgage and Financial News From 2009-6-9 Page 01
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Commentary: Guess What? You're Bumped! - WBIR
You've called the movers, you're all packed, and it's the eleventh hour before closing. Your phone rings and it's your lender with bad news. Your loan's not going to close tomorrow. Everything's ready, the utilities are being turned off tomorrow, and ...
2009-06-09 10:57:00 -
Geithner: Foreclosure relief still iffy - The Washington Times
Treasury Secretary Timothy F. Geithner told a Senate panel Tuesday he won't know for several months whether a key Obama administration program designed to help troubled homeowners avoid foreclosure will be successful. "I don't think we're going to ...
2009-06-09 06:49:00 -
Good Mortgage Bonds - Kiplinger.com
Good Mortgage BondsKiplinger.com, DCGNMA funds got some help from the red tape and scarcity of credit that's made it hard for homeowners to refinance mortgages. Refis, which replace higher-paying loans with lower-paying ones, are a headache for investors in mortgage pools. ...
2009-06-09 01:59:20 -
Secretary Geithner's Testimony Before Senate Appropriations ... - eNews Park Forest
Secretary Geithner's Testimony Before Senate Appropriations ...eNews Park Forest, ILOn housing, Treasury is working with HUD to bolster our housing markets by helping to drive down mortgage interest rates and by assisting responsible homeowners to refinance into more affordable mortgages or modify their at-risk loans to avoid ...
2009-06-09 02:20:14 -
Rethinking FHA 203K - Boston Globe
Rethinking FHA 203KBoston Globe, United StatesCan be used with either a purchase or refinance. 4. Can be used to purchase Energy Efficient appliances, for insulation, for solar panels, for hardwood flooring, or landscaping. 5. FHA Streamline K allows a buyer to get into the kind of home that will ...
2009-06-09 02:28:35 -
Hard to get around housing - Reuters Blogs
Hard to get around housingReuters BlogsTreasury yields and mortgage risk premiums together influence mortgage rates. The one-two punch should make it even more difficult for consumers to refinance or get an affordable loan for a new home purchase. Citigroup analysts expect issuance of these ...
2009-06-09 03:01:26 -
Jay Ambrose: Stop the stimulus - The Union Leader
Jay Ambrose: Stop the stimulusThe Union Leader, NHJohn Lynch to create a mortgage refinance tax has to take the cake though. By JAY AMBROSE IT WAS made out to be like one of those action movies in which the bomb is ticking, millions of people are in danger of being blown to smithereens, and James Bond ...
2009-06-09 03:37:15 -
Florida Real Estate - Good Buys In June 2009 - Turks.US
Homebuyers or property investors should be very curious on the status of the Florida real estate market this June 2009 if they want to get the best deals in the market. You can ask a realtor to shed some light in the situation or you can always use ...
2009-06-09 03:15:00 -
Parents Of Killed Marine May Lose Home - WSMV
Parents Of Killed Marine May Lose HomeWSMV, TNThe couple fell behind on their mortgage -- first, a month; then, two. Now six months behind, they are $24000 in the hole, with penalties. So they took their last $6000 and hired a mortgage assistance company to help them refinance their loan with ...
2009-06-09 07:49:38 -
Westpac ups mortgage rates - New Zealand Herald
Less than a day after Parliament's Finance and Expenditure Committee said it was "surprised and concerned that longer-term mortgage rates had risen recently," Westpac has announced it is to raise three and five year mortgage rates. Westpac raised its ...
2009-06-09 05:31:00 -
May electronic card spending up - Stuff.co.nz
May electronic card spending upStuff.co.nz, New ZealandGiven the monetary stimulus that remained in the pipeline, as people continued to refinance on to lower mortgage rates, he expected growth in retail spending to pick up a little further as the year went on. But given the pressure on households to ...
2009-06-09 08:01:51 -
Supreme Court Ignores US Constitution - IPWatchdog.com
Supreme Court Ignores US ConstitutionIPWatchdog.com, VAThis is how the mortgage industry works, and why banks lend money for us to build and buy houses. It is also why banks and other lenders provide money to companies, because if the company fails they at least can look to the assets of the company to ...
2009-06-09 10:38:55 -
Obama's budget, policies indebted to taxing principle - Washington Times
Obama's budget, policies indebted to taxing principleWashington Times, DCSince the economic meltdown last fall, missed credit card and mortgage payments have damaged credit ratings, which means that people who fall behind can't get a loan to catch up or refinance to bring down costs. Wait, that does sound like the federal ...
2009-06-09 08:54:29 -
Fear among the mortgage originators about rising rates - Motley Fool
Fear among the mortgage originators about rising ratesMotley Fool... make homes affordable act of March 2009 will be of little effect. Personally, I would prefer lower rates as that is good for my job (mortgage underwriting) and would help people save money when they refinance. But reality looks to be slipping in.
2009-06-09 09:34:30 -
Banks are bastards... - Stuff.co.nz
Banks are bastards...Stuff.co.nz, New ZealandLikewise I don't recall the politicians stepping in when the mortgage price war was going on saying that rates were too low and they were worried banks were losing money. MPs are as impotent as the Reserve Bank is at forcing change to retail interest ...
2009-06-09 10:50:29