Mortgage and Financial News From 2007-12-30 Page 15

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  • In 2007, housing and dollar crumbled, but oil and Web 2.0 soared (San Francisco Chronicle)

    The year 2007 was one of big moves in business. Oil and gasoline were way up. Housing and the dollar were down. It was a good year for alternative energy and Internet companies, but a bad one for banks. By year end, forecasters were debating whether a...
    2007-12-30 12:50:45

  • Catching up (The Columbus Dispatch)

    After they're thrust into the news, most people tend to be gradually forgotten. Yet their lives go on, no less important to those who love them. Some proceed to triumph, some succumb to defeat. Others sink into the limbo of uncertainty.
    2007-12-30 03:05:08

  • The Free Market: A False Idol After All?

    New York Times - Henderson is critical of the Bush administration’s effort to freeze mortgage rates, and the new rules proposed by the Fed intended to curb nefarious lending. They undermine the sanctity of contracts, he said, while making mortgages harder to gain ...
    2007-12-29 07:56:00

  • You didn't buy in '07, even with a free car

    Herald Tribune - Besides price, what may also serve to nudge buyers to the table in the year ahead are historically low mortgage rates. Right now, the government and the Federal Reserve Board are doing everything in their power to keep money cheap in order to prevent ...
    2007-12-30 02:09:00

  • Food prices on the rise

    Biloxi Sun Herald - For cash-strapped consumers already beset by higher gasoline prices and escalating mortgage rates, the hits just keep on coming. This time, it's food. The sharp rise in food prices seen in 2007 is expected to be followed by another higher-than-normal ...
    2007-12-30 12:57:00

  • Economic Outlook: Inflationary pressures cause rates conundrum

    Financial Times - The slowdown in the housing market looks set to continue even if interest rates are cut. Mortgage approvals dropped to 88,000 in October, and a decline to 80,000 is expected in November’s data on Friday. In the eurozone, inflation data for December ...
    2007-12-30 04:32:00

  • Rates on 30-year, 1-year mortgages climb, while other rates hold steady (Everett Herald)

    WASHINGTON -- Rates on 30-year and one-year mortgages climbed this week, while rates on some other home loans didn't budge. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.17 percent this week.
    2007-12-30 12:17:21

  • A look at the 2007 housing market slowdown and its effect on state

    Daily Oklahoman - In June, Ann Campbell , a prominent Realtor in Edmond, was sentenced to two months in federal prison, plus two years of supervised release, and fined $4,000 for conspiracy to commit wire fraud in connection with mortgage fraud in the sale of homes in ...
    2007-12-29 09:44:00

  • Tech massacre tops '07 news fredericksburg.com reader votes

    Free Lance-Star - Mortgage fraud, which authorities say is exemplified by Metropolitan Grapevine's Dream Homes pyramid scheme, increasingly is seen as a contributing factor as well. About 2,000 people, including some in the Fredericksburg area, fell for the ...
    2007-12-29 10:19:00

  • 2007: The year's top business stories

    Houston Chronicle - ... cities, the credit crunch and subprime woes were felt. Foreclosures in the Houston area continued to climb, home sales fell and the pace of new-home construction slowed. Federal and local law enforcement officials also cracked down on mortgage fraud
    2007-12-28 03:54:00

  • 10 key Arizona events in 2007

    AZCentral.com - Mortgage fraud becomes a felony. The new law makes Arizona one of the first states to criminalize residential mortgage fraud to deal with bad mortgage deals. 5. Lawmakers crack down on copper thefts. Frustrated with the increasing number of thieves ...
    2007-12-29 11:02:00

  • Carol Lloyd: Shedding light on gray areas of realty transactions

    San Francisco Gate - Is that kosher, or is that mortgage fraud? "A lot of people don't understand that banks usually allow up to 3 percent of nonrecurring closing costs," Spindler says. "And if there's another $10,000 toward clearing a pest report, that's usually OK as ...
    2007-12-30 12:50:00

  • Caution is watchword for investors in 2008

    Baltimore Sun - ... and investors are tightening credit for commercial, credit card and auto lending, as well as for mortgage borrowers," said Morgan Stanley economist Richard Berner. With loans tougher to obtain, and costs of borrowing higher, he expects some companies ...
    2007-12-30 03:34:00

  • Dividends, Buybacks Feel the Squeeze

    Wall Street Journal - Fannie Mae and Freddie Mac, two large government-sponsored mortgage investors, also cut their dividends. Financial companies account for 30% of all dividends in the S&P 500. Bank of America and Citigroup, which distribute $11.4 billion and $10.8 ...
    2007-12-29 08:32:00

  • Biz Quiz 2007 | The year in business

    Seattle Times - C) Washington Mutual: Stock in all three companies took a hit in 2007, but Washington Mutual dropped to 1996 levels Dec. 19 (and even lower after that) due to losses from the growing subprime-mortgage mess and the subsequent slashing of its dividend. B ...
    2007-12-30 12:07:00

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