Mortgage and Financial News From 2007-12-30 Page 10

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  • Investors looking ahead to January :They seek signs that credit crisis might be nearing bottom. (South Bend Tribune)

    NEW YORK -- The credit crisis that walloped Wall Street this year shows no signs of abating in early 2008, but investors can take some comfort in the fact that the new year brings with it a battle plan.
    2007-12-30 04:10:00

  • Everything old is new again in legislative session

    Union Leader - David Smith, D-Nashua, wants to create a new program that would allow senior homeowners to take on mortgages from municipalities to pay their property tax, water and sewer bills. "It's sort of like a reverse line of credit," he said. "And since the ...
    2007-12-29 09:01:00

  • Top 10 stories of 2007 (Pioneer Press)

    The year's top In 2007, going green became mainstream and farmers delivered bumper crops. But a hedge fund rattled local CEOs, med-tech sales stumbled and housing values tumbled. And an ousted CEO tried to make a deal.
    2007-12-29 10:25:59

  • In Hindsight: 2007 in Silicon Valley? We should have seen it coming

    Silicon Valley - ... crunch has made it much harder for entry-level home buyers to qualify for mortgages, but the higher-end market in Silicon Valley has been thriving, which put the median house price again at $805,000. The number of payroll jobs dropped, for the second ...
    2007-12-30 01:04:00

  • Housing bust top 2007 story

    Allentown Morning Call - This was the second year the housing crisis was voted the top story, with editors placing record crude oil prices a distant ... While the Bush administration prodded the mortgage industry to freeze increases on adjustable-rate mortgages for some ...
    2007-12-30 04:46:00

  • FESTIVAL FLOP

    New York Post - ... Street investor with a portfolio of mortgages gone bad. Last night, the Red Storm went bust on offense in a 54-48 loss to Virginia Tech in the championship game of the Aeropostale Holiday Festival at Madison Square Garden. They began the second half ...
    2007-12-30 02:01:00

  • John Diaz: A look back at year's winners, losers, highs and lows

    San Francisco Gate - ... they were jumping on the equity train to prosperity got a rude awakening when the interest rates on their subprime mortgages ... There are second acts in American life. Al Gore completed his comeback from his 5-to-4 loss in the 2000 presidential ...
    2007-12-30 05:22:00

  • Seiders sees limbo going a bit uptempo

    Chicago Tribune - ... housing industry; like numerous others in his unenviable position, he sees little to be encouraged about until the second ... The tax deduction applies to borrowers with PMI who originated mortgages between 2007 and 2010 and whose families' adjusted ...
    2007-12-30 06:26:00

  • Eager buyers are anxious sellers

    Charlotte.com - The Myrtle Beach area, top-heavy with vacation homes and second mortgages, will take the biggest percentage hit in the nation, with the cost of foreclosures shaving 1.7 percentage points from the tourist destination's expected growth, or about $243 ...
    2007-12-30 02:44:00

  • FACES OF 2007 » Jim Eccher, president of Old Second National Bank

    Beacon News - But much of Old Second's success will hinge on the economy's health. A larger concern remains over the housing market slump and defaults on subprime mortgages. "I think 2008 will be another difficult year in housing. But Kane and Kendall counties ...
    2007-12-30 05:00:00

  • ECONOMY: Candidate Responses (North Lake Tahoe Bonanza)

    The North Lake Tahoe Bonanza asked the leading presidential hopefuls: 'News stations are flooded with reports of rising gas rates and dropping home sales affecting Nevada's economy.
    2007-12-30 09:13:47

  • Seiders sees limbo going a bit uptempo (Chicago Tribune)

    The nation's housing economists generally view the next six months as a nasty kind of limbo, an abdominal cramp that's going to hurt until at least June.
    2007-12-30 06:39:32

  • Housing bust top 2007 story (The Morning Call)

    Rising oil prices were a distant second in business category. The 2007 U.S. housing bust hit everyone from would-be sellers of suburban split-levels to German bankers, as mounting home foreclosures led to billion-dollar bank write-downs, frozen credit markets and recession fears.
    2007-12-30 04:55:39

  • Faces of 2007, Jim Eccher, president of Old Second National Bank (The Beacon News)

    There hadn't been a major layoff at Old Second National Bank in its 136-year history -- until eight months ago. The top bank in Kane and Kendall counties in terms of market share let go of 57 employees -- a reduction of some 8 percent of its work force.
    2007-12-30 02:15:21

  • All I got for Christmas was a load of credit debt

    San Diego Union-Tribune - ... in the Great American Consumption Machine, the pundits say, could not only raise ... San Diego County, the rise in credit card debt has combined with ballooning mortgage ... rates – just like the teasers on mortgages – offering low or no interest ...
    2007-12-30 05:58:00

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