Mortgage and Financial News From 2007-8-26 Page 2
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Why can't mortgages be more affordable?
San Diego Union-Tribune - Knowles, a mortgage broker with CalBrokers in San Diego. “By historical terms, the jumbo loans are still reasonable, but in a place like Southern California, where things are already so expensive, the interest rates just add to the pain for a home ...
2007-08-26 12:16:00 -
City attorney, broker sentenced for mortgage scheme
Baltimore Sun - A Baltimore attorney and a mortgage broker have pleaded guilty to charges related to a mortgage scheme in which they helped secure loans for two suspected drug dealers, federal prosecutors said today. Attorney Rachel Donegan admitted today in U.S ...
2007-08-24 08:26:00 -
CONTINUED: “So many documentsâ€
MSNBC - The problems began when their mortgage broker called at the last minute to say they needed to come up with an extra $8,000 in fees. At the closing, they were told the loan would be adjustable-rate, not fixed. Then Josy, a self-employed remodeling ...
2007-08-26 08:30:00 -
The fallout of the mortgage mess
MSNBC - A mortgage broker informed them just before the closing that the remaining debt would be $3,500 more than expected, but they signed anyway. With their new payments, a sequence of events left them unable to keep up. First Connie’s mother moved out ...
2007-08-26 09:06:00 -
ARMs race: The fallout of the mortgage mess (MSNBC)
An increasing number of homeowners and prospective homeowners are getting caught up in the fast-spreading mortgage crisis that is claiming victims from all income levels and demographic groups.
2007-08-26 08:00:16 -
Paying off a mortgage depends on how much cash is needed (Livonia Observer)
A couple years ago I bought a new house and I made the mistake of getting an adjustable rate mortgage. The rate has increased substantially and I am now paying over 7ˆ½ percent. I owe a little over a $100,000 on my mortgage. I am retired and I have an annuity coming due that I can cash out without penalty and pay the mortgage off. My broker, who originally arranged for the adjustable rate ...
2007-08-26 05:19:08 -
Consumers, housing, Bernanke key to the outlook
Marketwatch - ... the market turmoil relatively unscathed, then the Fed may be able to keep rates ... foreclosures and delinquencies are way up, with the peak of adjustable-rate mortgage ... As of the first quarter, the OFHEO index was up 4.3% year-on-year, the lowest in 10 ...
2007-08-26 03:23:00 -
Database helps determine if there's a problem with wholesale prices
Arlington Heights Daily Herald - Recently I have been getting a lot of mail from mortgage brokers and small lenders ... While most price differences are small, in every case I take the lowest of those ... To simplify price comparisons, I adjust all rates to zero points and fees. The ...
2007-08-26 05:00:00 -
Analysts mull contagion from US property market woes
Political Gateway - But because of changes in credit availability and mortgage rates, Hatzius said he sees "a more dire picture" in which "cumulative ... Automotive market forecasting firm CSM Worldwide forecasts US auto sales will drop to their lowest level since 1998. ...
2007-08-26 03:23:00 -
Consumer Spending Accelerates, Housing Slump Deepens: U.S. Economy ...
Stockhouse Canada - ... have increased appreciably,'' increasing speculation they will cut interest rates ... are under increasing strain as the fallout from the collapse of the subprime mortgage ... Sentiment among U.S. consumers dropped in August to the lowest level in a year ...
2007-08-26 08:02:00 -
Star power invoked for ads
Worldnews.com - Mortgage rates decline again San Diego Rates on 30-year mortgages sank this week to their lowest point since late May. Freddie Mac, the mortgage company, reported yesterday that 30-year, fixed-rate mortgages averaged 6.52 percent, down from 6.62 ... ...
2007-08-26 03:23:00 -
Macy's campaign turns to Donald Trump, Martha Stewart
Worldnews.com - Mortgage rates decline again San Diego Rates on 30-year mortgages sank this week to their lowest point since late May. Freddie Mac, the mortgage company, reported yesterday that 30-year, fixed-rate mortgages averaged 6.52 percent, down from 6.62 ... ...
2007-08-26 03:23:00 -
Macy's turns to celebrities for ads
Worldnews.com - Mortgage rates decline again San Diego Rates on 30-year mortgages sank this week to their lowest point since late May. Freddie Mac, the mortgage company, reported yesterday that 30-year, fixed-rate mortgages averaged 6.52 percent, down from 6.62 ... ...
2007-08-26 03:23:00 -
30-year mortgages sink to lowest point since late May
Olympian - WASHINGTON - Rates on 30-year mortgages sank this week to their lowest point since late May, providing a little ray of sunlight for would-be home buyers. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged ...
2007-08-26 02:25:00 -
Istanbul Stock Exchange confident on Turkey
Turkish Daily News - ... months there has been a downward trend in foreign equity markets due to the mortgage ... and local investors in the future, especially due to the lower interest rates ... of political developments] on Turkish markets is today almost none if we compare it ...
2007-08-25 08:21:00