Mortgage and Financial News From 2008-2-15 Page 53

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  • 22% drop caps state’s ’07 home sales - Arkansas Democrat Gazette

    22% drop caps state’s ’07 home salesArkansas Democrat Gazette, AR - 46 minutes agoMortgage lenders made 14 percent fewer loans and 28 percent fewer jumbo loans, which cover up to $ 417, 000 of a home’s value. Deck said Arkansas will need ...
    2008-02-15 03:35:39

  • Area home prices show little slippage, stay low - Toledo Blade

    Area home prices show little slippage, stay lowToledo Blade, OH - 45 minutes agoHigher-priced homes are not selling well, partly because problems in the mortgage industry have made it more difficult to get approval for large loans, ...
    2008-02-15 03:36:17

  • thinkproperty.com deal with moneyexpert.com - WebWire (press release)

    thinkproperty.com deal with moneyexpert.comWebWire (press release), GA - 40 minutes agoThe independent financial comparison service will enable thinkproperty.com’s users to find the mortgage provider most likely to accept their application ...
    2008-02-15 03:41:32

  • Villa Hills club sues ex-official over theft - Cincinnati Enquirer

    Villa Hills club sues ex-official over theftCincinnati Enquirer, OH - 34 minutes agoMore than $49000 of stolen money paid for the operation of AFS Mortgage Group at 2135 Chamber Center Drive - including salaries, bonuses, dividends, ...
    2008-02-15 03:47:02

  • Home Sales Negatively Affected In 45 States - AHN

    Home Sales Negatively Affected In 45 StatesAHN - 32 minutes agoAmong the victims of the subprime crisis were Melville-based American Home Mortgage and California-based New Century Financial Corporation. ...
    2008-02-15 03:48:59

  • Record number take out fixed rate mortgages - Residential Landlord

    Record number take out fixed rate mortgagesResidential Landlord, UK - 28 minutes agoWhile mortgage affordability deteriorated in 2007, the CML expects the two base rate reductions since December will help to ease debt servicing burdens into ...
    2008-02-15 03:53:27

  • Argus: Lawmakers want Clemens' help with fundraising - Baraboo News Republic

    Argus: Lawmakers want Clemens' help with fundraisingBaraboo News Republic, WI - 24 minutes agoLas Vegas was named epicenter of the home mortgage crisis Monday. Everyone used teaser-rate loans to buy homes they can't afford. ...
    2008-02-15 03:57:03

  • Fewer Americans sign up for jobless benefits, good sign labour ... - AOL Canada

    Fewer Americans sign up for jobless benefits, good sign labour ...AOL Canada, Canada - 22 minutes agoSo far, decent job creation and wage growth have helped to offset some of the negative forces hitting some people, problems ranging from weaker home values ...
    2008-02-15 03:59:36

  • Centro Wins Extension From Banks to Repay A$3.9 Billion in Debt - Bloomberg

    Centro Wins Extension From Banks to Repay A$3.9 Billion in DebtBloomberg - 20 minutes agoThe credit crunch also shut off Centro from the commercial mortgage-backed securities market the company had relied on for much of its financing needs. ...
    2008-02-15 04:01:12

  • Losses stalk Royal Bank of Scotland - CNNMoney.com

    Losses stalk Royal Bank of ScotlandCNNMoney.com - 15 minutes agoLast December RBS took a GBP 950 million, or roughly $1.9 billion, writedown on its mortgage holdings, which was less than the market was expecting, ...
    2008-02-15 04:06:39

  • US economy grows in summer at best pace in 4 years - AOL Canada

    US economy grows in summer at best pace in 4 yearsAOL Canada, Canada - 11 minutes agoThe huge losses reported by financial companies due to the mortgage meltdown took their toll on corporate profits. One measure showed that after-tax profits ...
    2008-02-15 04:09:53

  • 1000 times reward to US consumer offered for overspending - The Spoof (satire)

    1000 times reward to US consumer offered for overspendingThe Spoof (satire), UK - 11 minutes agoAnd subsequently the stimulus package can be withdrawn again when the consumer starts reusing his/her home as an ATM, or takes mortgage which s/he can't pay ...
    2008-02-15 04:09:55

  • Plans to aid mortgage holders boost markets; TSX hurt by CIBC report - AOL Canada

    Plans to aid mortgage holders boost markets; TSX hurt by CIBC reportAOL Canada, Canada - 10 minutes agoAnd in another reminder of the state of the housing sector, the Mortgage Bankers Association reported that home foreclosures hit an all time high in the ...
    2008-02-15 04:11:10

  • Jondi Gumz, Reporter at Large: The house-as-ATM mentality must go - Santa Cruz Sentinel

    Jondi Gumz, Reporter at Large: The house-as-ATM mentality must goSanta Cruz Sentinel, CA - 6 minutes agoAlthough foreclosures make headlines, they represent only 1.66 percent of home loans, Bailey said, adding that 95.6 percent of borrowers are making mortgage ...
    2008-02-15 04:15:00

  • Bernanke: Economy stuck on bad indicators (The Columbus Dispatch)

    WASHINGTON -- Using words such as sluggish and deteriorated , Federal Reserve Chairman Ben Bernanke gave a starkly pessimistic assessment yesterday of the nation's economy and signaled that the Fed will cut interest rates further if needed to combat the adverse effects of a prolonged housing slump and a severe credit crisis.
    2008-02-15 04:07:11

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