Mortgage and Financial News From 2007-12-30 Page 5
Previous Day: 2007-12-29
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TAKING A TOOL AND MAKING IT ABSOLUTELY MISERABLE TO USE
OpEdNews.com - Imagine the joy of having your cell-phone go off in a purse or that belt-carrier (under a seatbelt, an overcoat and a suitcoat); digging it out before the caller gives up on you--and finding it's an offer for mortgage insurance. Wow. I can hardly wait ...
2007-12-29 10:52:00 -
City of debt shows US housing woe
BBC News - The city of Stockton in California is at the centre of the mortgage crisis now sweeping America. Because, with house prices ... They did this by selling their loans off to pension funds, insurance companies, even to other banks around the world. ...
2007-12-30 11:05:00 -
News Minute: Republicans and Democrats in Iowa...Deadliest year in ...
WDAM-TV - The Latest in House and Home House & Home Main Today's Mortgage Rates Money This Week in Money Money Home For Small Businesses Credit and Debt Insurance Center Real Estate Finances ... Associated Press - December 30, 2007 6:03 PM ET DES MOINES, Iowa (AP) - A ...
2007-12-30 12:31:00 -
Funny Money: Autumn of Discontent
Street.Com - People without health insurance hit an all-time high. Oh, I get it. This subprime mortgage crisis is just a brilliant way to make the uninsured seem insignificant compared to the defaulted. Brilliant. Newsflash : The Nasdaq Stock Market was arrested ...
2007-12-30 12:46:00 -
To-Do List for 2008: Tackle Your Finances (TheStreet.com)
New Year's is the time to evaluate investments and update your estate plan and life insurance.
2007-12-30 07:01:01 -
Settlement checks should bring holiday cheer (DeWitt-Bath Review)
LANSING — Office of Financial and Insurance Services (OFIS) Acting Commissioner Ken Ross announced that restitution checks have been mailed to 18,481 Michigan mortgage loan borrowers as part of a multi-state settlement with Ameriquest Mortgage Company and its related companies.
2007-12-30 01:34:24 -
Minor slip-ups can end a loan
Riverside Press Enterprise - People who haven't refinanced can still use a bevy of state laws to seek damages from lenders, mortgage brokers, real-estate agents or appraisers who committed similar mistakes (or outright fraud) during loan origination. ...
2007-12-30 01:57:00 -
President Clinton, Google grows, $100 oil, but no US recession
Financial Times - And fifth, mortgage lenders are predicting no change in house prices over 2008, which is about as close as anyone with such a vested interest could ever come to predicting a drop. But if you are itching for a house price crash, I don’t think 2008 ...
2007-12-30 01:29:00 -
Recession or not, Middle America will continue to feel the pinch in ...
Times Online - Most of those properties are in the process of being repossessed by mortgage lenders. Moreover, there is no sign that the residents of Stockton are past the worst. Their lot seems a far cry from the town’s sunny motto: “Stockton’s Great, Take a ...
2007-12-30 04:13:00 -
Review of the year
Guardian Unlimited - By April one of the biggest sub-prime mortgage lenders in the US had gone bankrupt and there was talk of a full-blown crisis. Credit more broadly began to dry up as lenders became nervous. Fear also spread as it became clear that much of the bad debt ...
2007-12-30 03:30:00 -
That wasn’t such a bad year after all, so the statistics say
Times Online - How different the world looked only a few weeks later, after the seizure suffered by inter-bank lending markets in August and the near-collapse of Northern Rock and a host of mortgage lenders in the US. Much has been written about these events and ...
2007-12-30 03:23:00 -
Councils face strain of repossessions
Times Online - ... have had to turn away more than 27,000 homeless households, the research suggests. Julia Goldsworthy, left, the LibDem local government spokesman, said: “Thousands more families are in danger of facing problems.” The Council of Mortgage Lenders ...
2007-12-30 02:40:00 -
$125M fund aids mortgage relief (Berkshire Eagle)
BOSTON — Five banks have created a $125 million fund to refinance mortgage loans for New England borrowers who are keeping up with monthly payments but face interest rate increases that could eventually place them at risk of losing their homes.
2007-12-30 10:42:53 -
Job weakness likely to dictate U.S. rate cuts
Reuters - CHICAGO (Reuters) - Increasingly weak job growth is likely to dictate more interest-rate cuts from the Federal Reserve in the first quarter of 2008, regardless of an uptick in inflation. The Federal Open Market Committee's single-minded focus on the ...
2007-12-28 11:58:00 -
Equity volatility here to stay in 2008
Reuters - Uncertainty regarding the Federal Reserve's interest rate policy, along with unstable oil prices and a slowdown in the housing sector, could also be drivers of volatility. "Corporate fundamentals within the current economic environment point to the ...
2007-12-30 11:13:00
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