Mortgage and Financial News From 2007-11-4 Page 9

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  • The high priest of money-making

    Observer - All they do is buy businesses, refinance them and in so doing make huge, tax-free windfall gains. After that, they lay off workers and sell the rump. It was at that moment that the smooth and charming front of one of the Labour Party's most generous ...
    2007-11-03 05:02:00

  • Housing woes sting region's retailers

    Herald Tribune - Now, they cannot refinance because of the drop in housing prices and the tightening of the credit market after the subprime mortgage mess. "The largest number of subprime mortgages were in Florida," Weitz said. "The concern about ARMs with low-income ...
    2007-11-04 12:48:00

  • Housing crisis hits Midwest hard

    Chicago Tribune - Then they refinance," Bond said. Perhaps one-third of the people who come to see Bond can hold on to their homes. Many, she said, "just walk away" from them. Too much spent on housing A report from the University of Wisconsin-Milwaukee showed that ...
    2007-11-04 06:35:00

  • US mortgage crisis: Readers' stories

    BBC News - ... adjustable rate mortgage from one of the sub-prime lenders. We had a terrible financial year last year and fell behind in paying off our credit cards. As a result our credit is even worse this year and now as our mortgage goes up, we can't refinance ...
    2007-11-04 02:13:00

  • Foreclosure wave sweeps America

    BBC Business - Some customers were not told that their interest rates would go up sharply after two years; others were promised they could refinance their home before higher rates took effect. Others found that when they had difficulties paying, huge unexplained ...
    2007-11-04 03:32:00

  • Subprime Contagion May Claim 10-Year Treasuries as Next Victim

    Bloomberg - ... managing director at Summit Investment Partners in Cincinnati who helps manage $6 billion. ``With housing prices actually decreasing coupled with tighter underwriting standards, you've definitely decreased the number of people who could refinance ...
    2007-11-04 02:35:00

  • Wealthy Marin not immune to foreclosure crisis

    Marin Independent Journal - He tried to refinance but said the lender that held the second mortgage refused to sell the note. Despite having plenty of equity, he was unable to ... the least likely statewide to default on loans, according to La Jolla-based DataQuick Information ...
    2007-11-02 05:53:00

  • Foreclosures on rise in N.H., nationally

    Portsmouth Herald - ... September were 33, compared to 19 in September a year ago, according to information ... values of our property are high enough generally that people are able to refinance ... The couple got an adjustable rate mortgage of 8.25 percent with a fixed rate for ...
    2007-11-04 03:01:00

  • Empty houses, broken hearts

    Antelope Valley Press - He had no information on the former owners, how long they lived there or how long ... Foreclosures are driven for the most part by the upward reset of mortgage rates ... Some are able to refinance. Some can't make it. "If there's any good news, it's that ...
    2007-11-04 08:23:00

  • Storrow Tunnel Repair Project Postponed (WCVB Boston)

    The rebuilding of the Storrow Drive tunnel in Boston is on hold.
    2007-11-04 09:34:43

  • Real estate in Saratoga Springs is actually a buyer's market (The Saratogian)

    If one were to read the national news regarding foreclosures, mortgage company closings, etc., one would think now is not a good time to be financing a new home or refinancing an existing home. That could not be further from the truth.
    2007-11-03 08:20:34

  • Forecast: increasing gloominess

    Columbian - WSJ analysts say borrowers with adjustable-rate mortgages aren't likely to get much immediate relief, and fixed-rate mortgage rates could still move higher if inflation worries grow. Julia Anderson is The Columbian's business editor. Reach her at ...
    2007-11-04 09:27:00

  • Debt forecast to rise as shoppers head for a credit card Christmas

    Times Online - Its Monetary Policy Committee is expected widely to keep interest rates at 5.75 per cent when it meets on Thursday. Hundreds of thousands of mortgage borrowers have faced increased payments after their cheaper fixed-rate deals came to an end. Two ...
    2007-11-04 01:09:00

  • MORE MONEY ...for commercial banks to onlend

    Barbados Advocate - Browne, who noted that Butterfield Bank is offering very low mortgage rates, told Business Monday that lowering the security requirement means funds tied up in that facility will be released. At the end of July this year commercial banks ...
    2007-11-04 12:33:00

  • Rates tipped to rise 0.25 per cent

    News.com.au - PUNTERS with an average Melbourne mortgage will have to win enough cash on the Cup to pay an extra $51 a month off their home loan. That's if, as tipped, the Reserve Bank of Australia cranks interest rates up by another 0.25 percentage points to 6.75 ...
    2007-11-04 06:00:00

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