Mortgage and Financial News From 2009-10-7 Page 01
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Mortgage Rates Dip Below 5 Percent, Time to Refinance? - US News and World Report
After quietly drifting back toward the historic lows reached in the spring, attractive mortgage rates are convincing a growing number of homeowners that now is the time to refinance. The Mortgage Bankers Association said today that in the week ending ...
2009-10-07 03:23:00 -
Low-Income Families Can Have Mortgage Payments Reduced Through Federal ... - Best Syndication
If you are from a low-income family and are having a really hard time making ends meet with all of those bills piling up, including the mortgage payments then you can apply for the Federal loan modification program. Obama has put 75 billion dollars ...
2009-10-07 04:49:00 -
Abuses found in reverse-mortgage marketing - San Francisco Chronicle
(10-06) 18:55 PDT -- Reverse mortgages, which let seniors cash out home equity, have the potential to spawn another subprime-style financial crisis, according to a report released Tuesday. SF Gate polls are strictly surveys of those who choose to ...
2009-10-07 09:32:00 -
Freddie Mac Prices K-004 Certificates Multifamily Mortgage-Backed ... - StreetInsider.com
Class Coupon Dollar Price Subscription Levels Class A-1 3.413% $101 2.4x Class A-2 4.186% $101 1.7x Class A-3 4.241% $101 1.0x* * To be retained by Freddie Mac for secondary market sales. Class A-X1 pays interest based on a variable rate. The initial ...
2009-10-07 05:03:00 -
Man with Iowa debts seeks money for Nebraska hotel - Des Moines Register
A businessman with a trail of Des Moines-area debts now is laboring to pull together financing for a $45 million hotel development in downtown Lincoln, Neb. Michael Stessman, founder and former manager of what's now the AllPlay entertainment and ...
2009-10-07 03:37:00 -
House Credit Deadline Spurs First Time Buyers - WPBF News 25
JUPITER, Fla. -- Jupiter realtor Dylan Snyder just sold an Abacoa townhouse to a newly married couple who are first time buyers, for $20,000 more than similar homes are selling. "This one has 1,825 square feet under air, a two car garage, a 20 by 20 ...
2009-10-07 03:59:00 -
Reverse-mortgage industry comes under scrutiny - Philadelphia Daily News
Reverse mortgages are not necessarily a bad idea for homeowners 62 or older who want to cash out decades' worth of equity. But some of the people responsible for subprime and predatory lending apparently have turned to the reverse-mortgage business ...
2009-10-07 05:39:00 -
UPDATE: US Government, Lenders Seek Ways To Help Some Homeowners - CNN Money
WASHINGTON -(Dow Jones)- Lenders and government officials are searching for ways to head off a wave of defaults on pay-option adjustable rate mortgages, which are threatening to become the next storm to hit the U.S. housing market. Option ARMs aren't ...
2009-10-07 03:44:00 -
The mortgage market shifts into reverse - Salon
As the author of a blog post two years ago titled "The Next Subprime: Reverse Mortgages," you better believe that a new position paper from the National Consumer Law Center, "Subprime Revisited: How Reverse Mortgage Lenders Put Older Homeowners ...
2009-10-07 04:13:00 -
FCX, AYI, GKK - Top Growth NYSE Stocks - Transworld News
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX ) was among the top percentage gainer and surged 4.55% to $72.78 on over 16.01 million shares on no news. So far this year the stock has plummeted about 206%. Freeport-McMoran Copper & Gold Inc. (FCX ...
2009-10-07 06:00:00 -
Oil for China and India - Salon
Some facts should be examined when looking at China and India’s demand for oil. China has 223,000 kilometers of paved roads. India has 66,754 kilometers of paved roads. Given a conversion of 0.621371192 miles to one kilometer that translates into ...
2009-10-07 05:32:00 -
Rates below 5% spark refinancings - Maryland Daily Record
Every dollar counts in this economy. Homeowners hustled last week to refinance their mortgages after interest rates fell below 5 percent for the first time since May. Refinance applications climbed 18 percent from the previous week, the Mortgage ...
2009-10-07 06:29:00 -
RAW DATA: Resolution to Oust Rangel From Chair of Tax-Writing House ... - FOX News
"Raising a question of the privileges of the House. Whereas the gentleman from New York, Charles B. Rangel, the fourth most senior Member of the House of Representatives, serves as chairman of the House Ways and Means Committee, a position of ...
2009-10-07 04:13:00 -
Wall St. rehires as bonds bounce back - Reuters
NEW YORK (Reuters) - So much for conserving cash. After firing staff by the thousands during the global financial crisis, big Wall Street banks are jump-starting hiring in response to a resurgence in bond issuance and trading. The crisis hit ...
2009-10-07 04:06:00 -
Major business events scheduled for Thursday - WCAX
NEW YORK - Major retailers report sales results. WASHINGTON - Labor Department releases weekly jobless claims, 8:30 a.m. WASHINGTON - Commerce Department releases wholesale trade inventories for August, 10 a.m. BETHESDA, Md. - Marriott International ...
2009-10-07 03:16:00