Mortgage and Financial News From 2008-2-16 Page 36

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  • House OKs bill to protect homeowners - Statesman Journal

    House OKs bill to protect homeownersStatesman Journal, OR - Feb 15, 2008The problem comes when the initial rate on the mortgage jumps to a higher percentage, he said, but by then, some people already have refinanced into a more ...
    2008-02-15 03:18:36
  • Home loans failing at record rates; foreclosures up 257% over Jan. '07 (San Diego Union-Tribune)

    Home loan failures in San Diego County continued their steady climb in January, setting records for both foreclosures and the notices of default that are the first step in reclaiming mortgaged properties. The number of foreclosures in the county was 1,305, up 32 percent from December and up nearly 257 percent from January 2007.
    2008-02-16 02:44:52
  • CBA backs rate hike, more possible

    News.com.au - THE Commonwealth Bank of Australia (CBA) has defended its decision to raise mortgage rates by more than last week's central bank rise, saying it may have to do it again. Meanwhile, the company's shares recovered in trading today after falling to a 52 ...
    2008-02-14 08:16:00
  • Mortgage hell looms

    News.com.au - Credit card debt, borrowing money to buy investments, mortgage rates going through the roof.... leasing cars, vehicle loans... rent try buy, 48 months interest free..... IF YOU DON'T HAVE THE CASH - YOU CAN'T AFFORD IT... and the only time you'll ever ...
    2008-02-14 03:54:00
  • Delegate quandary

    Miami Herald - Jimmy Carter was elected to a single term, ruined the national economy, caused home-mortgage rates to surge to 16 percent and the Dow Industrial Average to plunge and allowed gasoline rationing. (People could buy only $5 worth of gasoline at a time.) ...
    2008-02-15 11:17:00
  • CEOs snub wage restraint

    News.com.au - He urged highly-paid executives in the private sector to follow suit to head off a wages outbreak which would drive inflation -- and mortgage rates -- even higher. Economists are predicting at least one more rise in March -- and possibly more in ...
    2008-02-16 12:57:00
  • House sales flat; indicators predict trouble

    Rochester Democrat and Chronicle - Realtors, who have cited low mortgage rates as a reason to be optimistic about the market, said they're seeing an upswing in activity. "In January, people started to call," said Jeff Scofield, a Realtor associate at ReMax Plus in Brighton. "In ...
    2008-02-15 11:53:00
  • Housing market holds steady here - Sheboygan Press

    Housing market holds steady hereSheboygan Press, WI - 2 hours ago"I don't know if it's the interest rates or if people are just adjusting to the market. It's been very brisk since the first of the year. ...
    2008-02-16 02:03:14
  • Heller was Romney fan, but he'll support party's choice - Reno Gazette Journal

    Heller was Romney fan, but he'll support party's choiceReno Gazette Journal, NV - 2 hours agoQ: Should mortgage holders freeze rates or put a moratorium on them? A: President Bush's idea is to sit down with the mortgage industry and banking industry ...
    2008-02-16 02:13:29
  • Home losses soar - COMMENT ON THIS STORY - Scarborough Evening News

    Home losses soar - COMMENT ON THIS STORYScarborough Evening News, UK - 2 hours agoWith so many homeowners struggling to pay their mortgage, in addition to rising fuel costs, food bills and interest rates, predictions that repossessions ...
    2008-02-16 02:17:57
  • House-hunting in January hits record high - Home Move

    House-hunting in January hits record highHome Move, UK - 1 hour agoMany believe that now is a good time to buy, particularly for first-time buyers as further cuts in interest rates are expected this year, said Mr Luetchens. ...
    2008-02-16 02:24:59
  • Taxes certain, but rules change - Cincinnati Enquirer

    Taxes certain, but rules changeCincinnati Enquirer, OH - 1 hour agoPMI deduction If you purchased a house or refinanced in 2007, you can deduct the premiums for private mortgage insurance. Called PMI, this is insurance the ...
    2008-02-16 02:30:56
  • Steve Cameron: Condren caught sitting on his last limb - Merced Sun-Star

    Steve Cameron: Condren caught sitting on his last limbMerced Sun-Star, CA - 1 hour agoNow...when banks have pretty much locked the vaults following the collapse of the sub-prime mortgage game? Now...with the economy so gloomy that on Thursday ...
    2008-02-16 02:39:02
  • Credit card: You'd better leave home without it - Orlando Sentinel

    Credit card: You'd better leave home without itOrlando Sentinel, FL - 1 hour agoAs a sideline to his mortgage-loan business, Michael Carr counsels clients overwhelmed by debt. Many are big-ticket splurgers now paying the price. ...
    2008-02-16 02:43:55
  • Don't lose sleep over mortgage nightmare - Norfolk Eastern Daily Press

    Don't lose sleep over mortgage nightmareNorfolk Eastern Daily Press, UK - 1 hour agoIt would mean you would benefit from any falls in rates in the coming months, and then you could take out a new fixed-rate mortgage. ...
    2008-02-16 02:49:24