Mortgage and Financial News From 2007-11-4 Page 18

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  • DAVID PETERSON/REGISTER PHOTOS

    Des Moines Register - Go to NeighborhoodFinance.org for more information about the nonprofit mortgage lender’s loans, down payment assistance and targeted neighborhoods. The group also has a tool-lending library and home-buying classes. It’s located at 1912 Sixth Ave ...
    2007-11-04 02:03:00
  • Piggybach credit score schemes still running hog wild

    San Francisco Gate - ... candidates - worsening already critical fraud and delinquency problems in the mortgage market. Fair Isaac Corp., developer of the FICO score widely used for home ... But the filter would let the lender see through that score by subtracting the points ...
    2007-11-04 01:49:00
  • Kathleen Pender: Tales of overseas real estate ownership

    San Francisco Gate - The globalization of banking simplifies getting a mortgage for a home overseas. Buying and owning a home ... Benek got a mortgage from a Spanish bank, but had to cajole the lender into giving her a 30-year fixed-rate loan, which is uncommon in Spain.
    2007-11-04 01:49:00
  • First Home: How to Help the Kids

    Wall Street Journal - ... avoid too much scrutiny by a lender, Mr. Guttentag suggests giving your adult child money for a down payment well in advance of applying for a mortgage. 2. Co-sign for a loan or invest in a house Some parents may have limited resources as their home ...
    2007-11-04 01:06:00
  • 'Piggyback' tactic in home mortgages hasn't been halted (San Diego Union-Tribune)

    WASHINGTON – The “piggyback” credit-score inflation schemes for mortgage applicants haven't been reined in despite industry pledges to do so at the end of summer. As a result, lenders continue to be misled into treating loan applicants with poor credit as prime-credit candidates – worsening already critical fraud and delinquency problems in the mortgage market.
    2007-11-04 02:23:15
  • Back-to-basics for home lending (Contra Costa Times)

    An abrupt shift back to the basics of mortgage lending has many house hunters nervous because several once-popular types of loans are disappearing. With urging from regulators, lenders faced with growing piles of bad loans have clamped down on the kinds of mortgages they are willing to offer.
    2007-11-04 03:20:52
  • Economists worry tax cuts may overheat economy

    Australian Broadcasting Corp. - There's already speculation that the Reserve Bank may need to raise interest rates to curb economic overheating, so what's been the economic reaction to the Treasurer's tax cutting package? Economics Correspondent Stephen Long. STEPHEN LONG: The magic ...
    2007-11-03 01:13:00
  • Stock Futures Point To Weaker Start On Wall Street As Oil Tops $96 A ...

    CBS News - Lower interest rates tend to undercut the dollar, which reached an all-time low against the euro following the Fed's decision. The greenback's tumble drove investors to the commodities market in search of a hedge: Oil prices surged above $96 a barrel ...
    2007-10-31 05:56:00
  • BANGLADESH: Primary-school dropout rate rises to 47 percent

    Reuters AlertNet - So I lost interest," she added. Alarming dropout rate Primary school dropout rates in Bangladesh, with a population of 150 million, have always been high, but new research suggests numbers are increasing. According to a study conducted by 10 NGOs ...
    2007-11-04 01:06:00
  • Climate change: A stitch in time

    Times Online - This year analysts blamed “interest rates starting to bite”, but Rupert Eastell, head of retail at BDO Stoy Hayward, writing in Retail Week, recently acknowledged that this doesn’t explain the “strong sales increases in non-fashion sectors ...
    2007-11-03 11:07:00
  • Still waiting for the credit crunch to bite

    Times Online - This may be coupled with a rise in the interest rates banks have to charge borrowers because some risks they previously offloaded now remain on their balance sheets. Taking these loans back onto balance sheets will, in turn, result in a deterioration ...
    2007-11-04 12:26:00
  • Lessons in building a railway

    Times Online - Some argued that it would be cheaper simply for the government to raise the money by issuing gilts, rather than have it borrowed, at slightly higher interest rates, by LCR. “On the narrow argument, that is correct. The loans would have been cheaper ...
    2007-11-04 01:06:00
  • How to save (Greeley Tribune)

    With college tuition costs soaring and more students graduating with tens of thousands of dollars in student loans, many parents are looking for options to help out.
    2007-11-04 01:15:54
  • Plenty of new jobs despite downturn in economy

    Seattle Post Intelligencer - WASHINGTON -- A housing collapse and a mortgage meltdown haven't stopped the nation ... third quarter, is expected to slow to about half that pace or less in the current ... At the same time, the Fed hinted that it may not need to cut rates again for a ...
    2007-11-01 05:55:00
  • Tuesday's decision should be simple

    Star-Press - A reluctant current city council, at the recommendation of a reluctant current ... the county tax rate, library MITS et al, each of which also have higher rates ... they buying their investment and borrowing money (typically) in a 20-year mortgage ...
    2007-11-04 01:02:00