Mortgage and Financial News From 2007-11-4 Page 19
Previous Day: 2007-11-03
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Foreclosures up 355%
Culpeper Star Exponent - ... says he’s facing a 30 percent increase over the next few months to his mortgage ... He blames his current situation on the builder for hooking him up with faraway ... These people that are in the adjustable rates, they borrowed up to here, now they ...
2007-11-04 01:16:00 -
Congress pressures lenders to help nation’s troubled mortgage ...
Charleston Gazette - She suggested that mortgage companies simply convert large numbers of adjustable-rate mortgages to fixed rate mortgages. In the current market, the interest rates on adjustable-rate mortgages typically stay at a lower “starter” rate for two years ...
2007-11-01 05:55:00 -
Industries Qatar seeks to bypass the credit crunch
AME Info - The global credit squeeze, sparked by the subprime mortgage crisis in the US in July ... The current credit squeeze is not IQ's only concern as its various units look to ... have spiked right across the Gulf and have been fuelled by rising inflation rates ...
2007-11-04 12:33:00 -
Rent crunch to worsen
Edmonton Sun - ... when the apartment vacancy rate in Edmonton is forecasted to dip below the current ... According to new numbers from the Canada Mortgage and Housing Corporation (CMHC ... Rates are staying high with the average rent for two-bedroom apartments at $950 a ...
2007-11-04 01:42:00 -
Congress pressures lenders to help nation’s troubled mortgage holders (The Charleston Gazette)
U.S. Rep. Shelley Moore Capito, R-W.Va., said Friday that Congress is hearing a much greater willingness from mortgage lenders to help borrowers stay in their homes than the lenders displayed last year.
2007-11-03 09:07:32 -
Q3 2007 FIDELITY NATIONAL FINANCIAL INC. Earnings Conference Call ...
Insurance News Net - ... we face in this current environment. Our specialty insurance group, which includes flood, personal lines and home warranty ... title and closing services, as well as access to a full suite of valuation products and appraisal services for both refinance ...
2007-11-03 11:29:00 -
Real estate in Saratoga Springs is actually a buyer's market
Saratogian - With fixed rates currently at a very affordable 6.50 percent, consumers with excellent credit are in an ideal position to purchase a home or refinance an existing one. There has been a lot of talk in the local news recently about the need for ...
2007-11-02 05:53:00 -
Accelerator takes discipline
Raleigh News & Observer - ... and save on interest. Let me say up front -- this is not for the faint of heart, and financial discipline is a must. A home ... fluctuate from month to month. * Another is that borrowers have immediate access to their equity -- without having to refinance ...
2007-11-03 11:00:00 -
As foreclosures rise, so do auctions
Houston Chronicle - The market's slow," said Greg Graham of Home Team of America, who was there representing a California bank that had a ... kinds of mortgages reset to higher rates and homeowners who can't keep up with the new payments are unable to sell or refinance
2007-11-03 10:31:00 -
Many eager home buyers didn't beware signals of risky loans
News-Democrat - Many eager home buyers didn't beware signals of risky loans BY BETH KASSAB Orlando Sentinel When it comes to the fallout from ... At the end of August, President Bush announced plans to help distressed borrowers with FHASecure, a program to refinance ...
2007-11-04 01:52:00 -
Financial worries linger even with a six-figure net worth
Seattle Times - He wants to refinance and get out of his 5/1 adjustable-rate, interest-only mortgage. He also took out a home-equity loan, which he used for the down payment on his house. That $50,000 loan has a variable interest rate that started at 8.6 percent and ...
2007-11-04 12:12:00 -
Shop around if refinance stalled
Everett Herald - Question: My sister-in-law is trying to refinance her home. She has roughly $250,000 equity in a $550,000 home. She applied back in early August and now we are almost in November. Her lender tells her everything is set to go but then keeps stalling ...
2007-11-04 12:47:00 -
Many eager home buyers didn't beware signals of risky loans (Belleville News-Democrat)
When it comes to the fallout from the nation's widespread mortgage debacle and a housing market that is still spiraling downward, one thing everyone wants to do is cast blame.
2007-11-04 01:10:43 -
Free events all week will teach participants about ID theft, budgets, estate planning, home buying, more (Kearney Hub)
KEARNEY — Buying a new home, opening a business, planning your retirement and investing can seem like daunting processes.
2007-11-03 08:25:27 -
Shop around if refinance stalled (Everett Herald)
Question: My sister-in-law is trying to refinance her home. She has roughly $250,000 equity in a $550,000 home. She applied back in early August and now we are almost in November. Her lender tells her everything is set to go but then keeps stalling asking for more verification info.
2007-11-04 01:12:41
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