Mortgage and Financial News From 2009-12-30 Page 01
Previous Day: 2009-12-29
Return to the mortgage news archive home.
-
Ohioans paid more for homeowner insurance in 2007 - The Sun News
COLUMBUS, Ohio -- The Ohio Department of Insurance says that on average Ohioans paid slightly more for homeowners insurance in 2007 than in 2006. The department said Wednesday that Ohioans paid an average homeowners premium of $548 in 2007 compared ...
2009-12-30 01:33:00 -
Top Insurance Stocks are MBI, PMI, RDN - Transworld News
TPG) provides residential mortgage insurance products designed to promote homeownership. During the year ended December 31, 2008 , the Company operated in four segments: United States Mortgage Insurance Operations, International Operations, Financial ...
2009-12-24 10:34:00 -
Mortgage Bond Rally May End, Rates Rise as Fed Stops Purchases - Bloomberg
Dec. 31 (Bloomberg) -- Mortgage bonds are poised to slump after a record rally as the Federal Reserve’s unprecedented buying of $1.25 trillion of the securities ends as soon as March, driving up interest rates on new home loans. The Fed has been ...
2009-12-30 10:59:00 -
GMAC Gets $3.8 Billion in Third U.S. Bailout Package (Update1) - Bloomberg
Dec. 31 (Bloomberg) -- GMAC Inc. , the auto and home lender bailed out twice by the U.S. government, received a third rescue package valued at $3.79 billion that gives taxpayers a majority stake in the Detroit-based company. The infusion will bolster ...
2009-12-30 08:14:00 -
Government to provide GMAC with $3.8 billion in fresh dose of taxpayer ... - Chicago Tribune
Troubled auto and mortgage lender GMAC Financial Services, one of a number of major banking firms bailed out by the government over the last year, will receive an additional $3.8 billion in federal aid, the Treasury Department said Wednesday. The ...
2009-12-30 08:21:00 -
GMAC Gets $3.8 Billion More in Aid - New York Times
DETROIT — The Treasury Department said on Wednesday that it would give $3.8 billion more to GMAC Financial Services and become the auto lender’s majority owner because GMAC had been unable to raise sufficient capital on its own. It will be the ...
2009-12-30 08:36:00 -
Mortgage lenders must tell borrowers their rights - NWI.com
"If consumers understand they have one business day to review the closing papers before signing, and three business days to cancel the sale after signing, then our hope is they will be better informed before they overextend themselves on a mortgage ...
2009-12-29 11:50:00 -
New Calif. laws crack down on mortgage lenders, trans fats; honor ... - Fort Lauderdale Sun-Sentinel
SACRAMENTO, Calif. (AP) — Hammered by a housing downturn that contributed to the state's budget crisis, California is boosting protections for home buyers and punishing brokers who mislead borrowers and steer them into costly loans. Statutes ...
2009-12-30 02:31:00 -
Credit Crunch: Home Equity Lending Evaporates - Street.Com
... credit, according to the trade publication Inside Mortgage Finance. From 2002 to 2006, such lending was equal to 2.8 percent of the nation's economic activity, according to a study by finance professors Atif Mian and Amir Sufi of the University ...
2009-12-25 10:40:00 -
Fannie, Freddie backstop may foreshadow mortgage forgiveness - Washington Examiner
Treasury Department’s expansion of its capital backstops for Fannie Mae and Freddie Mac may foreshadow a shift in the government’s mortgage- modification tactics, Keefe, Bruyette ... administration’s Home Affordable modification program, loan ...
2009-12-28 09:35:00 -
The Willies - American Reporter
For $1.2 trillion - $500 billion more - the government can buy every single one of those homes, providing instant ... by arbitrarily limiting them - as the Bible tells us to - to non-usorious rates, capped at say, 7.0 APR for credit cards and 5.0 for ...
2009-12-29 11:07:00 -
Delegations like lemmings - Bismarck Tribune
Halatbis said on: December 28, 2009, 5:57 pm Like I said: start your own business; pay above the prevailing rate; don't contribute to any politicians ... Our constitution calls for a form of "people's" capitalism and that is not what we have today.
2009-12-29 07:32:00 -
Quickly Neighbors - Post-Tribune
The doctors, nurses and certified nursing ... Why not compare New York to Valparaiso? That way, maybe our politicians would want to push for subways in Valparaiso. Quit complaining about the 3 percent raise the Merrillville schools non-certified ...
2009-12-30 03:53:00 -
Wrong Time for REITs? - Minyanville
Even as the broad market has essentially gone sideways for the past month, a host of real estate-related companies have seen their stock prices move sharply higher with many hitting 52-week highs. Shares of the iShares Dow Jones Real Estate (IYR ...
2009-12-30 10:34:00 -
10 Points To Consider When Looking At Homes - PRLog (free press release)
When buying a home, remember to shop around, to compare costs and terms, and to negotiate for the best deal. Your local newspaper and the Internet are good places to start shopping for a loan. You can usually find information both on interest rates ...
2009-12-30 10:56:00