Mortgage and Financial News From 2007-12-30 Page 16

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  • Housing decline, unions dominated 2007 business

    Atlantic City Press - Huge mortgage companies closed, while local mortgage companies and brokers laid off workers and drastically shifted their product offerings. Meanwhile, the Atlantic City area's median sale price of existing single-family homes was up 6.2 percent for ...
    2007-12-30 12:00:00

  • Important Tax Deadline Approaches

    Tyler Morning Telegraph - Property owners (whose mortgage companies don't escrow their taxes) who don't see a statement soon should contact the tax office. "State law says you're still responsible for the taxes, even if something gets lost in the mail," Barber said. Penalties ...
    2007-12-29 09:44:00

  • How our stock tippers fell foul of the sub-prime crisis

    Times Online - Solid companies have seen their shares battered and some sectors, such as mortgage banks, look incredibly cheap. However, the grenades keep going off – through more multi-billion-dollar write-downs – stoking the climate of fear. Some of our tips ...
    2007-12-29 09:44:00

  • Time to make compromises for foreclosures

    Fort Wayne Journal Gazette - WASHINGTON – You might think it unfair that a bankruptcy court that has the power to tear up labor contracts or pension obligations of companies in reorganization cannot order adjustments to mortgage loans for homeowners who file for bankruptcy ...
    2007-12-30 03:20:00

  • Best picks of eight experts are remarkably different

    Baltimore Sun - Others see money to be made in companies whose sin was standing too close to the housing and mortgage markets. Some of the recommendations are familiar. Others, you might never have thought of. • Amy Domini, founder and chief executive, Domini ...
    2007-12-30 03:42:00

  • In 2007, housing and dollar crumbled, but oil and Web 2.0 soared

    San Francisco Gate - Among those hardest hit were borrowers of jumbo mortgages - those larger than the $417,000 limit set for purchases by the giant mortgage-buying companies Fannie Mae and Freddie Mac. Jumbo rates soared, putting homes further out of reach for many Bay ...
    2007-12-30 12:07:00

  • Despite economic turmoil nationally, our area stable

    Hampton Roads Daily Press - Mortgage companies in the region also laid off workers and closed offices. Smithfield Food fights The local pork company's battles with union and animal rights groups took a series of twists. The battle with a union over the largest slaughterhouse in ...
    2007-12-30 12:50:00

  • Mortgage meltdown has analysts on edge

    Modesto Bee - All of which had a negative impact on a wide range of valley businesses, from title companies, mortgage institutions and construction firms to restaurants, furniture stores and swimming pool builders. During the peak of housing from January 2003 to ...
    2007-12-30 02:51:00

  • Winners, losers among '07's funds

    Philadelphia Inquirer - U.S. equity mutual funds rose 8.7 percent in 2007, the least in two years, as the collapse of the subprime-mortgage market dragged down shares of real estate and financial companies. Funds that invest exclusively in property shares tumbled 13 percent ...
    2007-12-30 12:00:00

  • Column: Credit Crunch Dims '2008 Outlook (Washington Post)

    NEW YORK -- Just last summer, analysts were predicting the subprime mortgage mess had been "contained," big bank CEOs were "dancing" over the liquidity flowing in credit markets and private-equity titans yearned in Soprano-like fashion to "kill off" the competition.
    2007-12-30 01:26:49

  • Bankruptcy filings are likely to climb (Winston-Salem Journal)

    SAN FRANCISCO More U.S. businesses are likely to hang "going bankrupt" signs on their doors next year as the twin blows of slower economic growth and pricey commodities force the weakest companies to seek refuge from creditors. In a twist from this year's trends, the pain is likely to spread from mortgage lenders, home builders and consumer-oriented companies - all areas that contributed to a 40 ...
    2007-12-30 12:13:40

  • Time to make compromises for foreclosures (Fort Wayne Journal Gazette)

    WASHINGTON – You might think it unfair that a bankruptcy court that has the power to tear up labor contracts or pension obligations of companies in reorganization cannot order adjustments to mortgage loans for homeowners who file for bankruptcy protection.
    2007-12-30 03:05:44

  • Winners, losers among '07's funds (Philly.com)

    U.S. equity mutual funds rose 8.7 percent in 2007, the least in two years, as the collapse of the subprime-mortgage market dragged down shares of real estate and financial companies.
    2007-12-30 01:02:09

  • The temptation to refinance

    Athens Banner-Herald - When Wachovia markets option ARMs by direct mail, he said, "We work to be responsible in terms of what we're sending out." But, Pope added, "we can't monitor everything sent out by every mortgage broker" selling Wachovia loans to potential borrowers. ...
    2007-12-28 03:54:00

  • 12-30 Business in Brief

    Edmond Sun - SpiritBank welcomes James Kincaid to its team as a mortgage banker. Kincaid brings five years of mortgage lending and 25 years as a Realtor/broker to the mortgage division of SpiritBank. Kincaid will office at 1358 E. 15th St. in Edmond. Local ...
    2007-12-29 08:03:00

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