Mortgage and Financial News From 2008-2-9 Page 51

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  • Housing Market Falls -- Veteran Mortgage Company Takes to the ... - Emediawire (press release)

    Housing Market Falls -- Veteran Mortgage Company Takes to the ...Emediawire (press release), WA - 13 minutes agoBy presenting home financing suggestions through an easily understandable timeline so clients can see whether to lock a rate or continue floating, ...
    2008-02-09 01:18:40

  • Officials: Housing market is strong - Iowa City Press Citizen

    Officials: Housing market is strongIowa City Press Citizen, IA - 8 minutes agoA slowing economy and the sub-prime mortgage mess have left many homes on the market longer and many units empty. In the Iowa City area, Realtors point to ...
    2008-02-09 01:23:35

  • Housing Market Falls -- Veteran Mortgage Company Takes to the Internet and Fights On (PRWeb)

    Mortgage company www.atpmortgages.com goes online to offer loan solutions and weekly helpful hints on how to save money and achieve greater equity from your home. (PRWeb Feb 9, 2008) Read the full story at http://www.prweb.com/releases/2008/02/prweb681994.htm
    2008-02-09 12:18:53

  • Lebanese Americans remember slain leader Dearborn (Detroit Free Press)

    Lebanese Americans across metro Detroit are marking this weekend, the third anniversary of the assassination of Rafic Hariri, Lebanon's former prime minister. Michigan is home to one of the largest Lebanese immigrant communities outside the Middle East, and hundreds of metro Detroiters have benefited from university scholarships that Hariri funded.
    2008-02-09 12:19:07

  • Federal plan will modify limits on home mortgages (Miami Herald)

    There's a little something extra tucked into Congress's economic stimulus plan that could benefit some would-be home buyers in Miami-Dade County.
    2008-02-09 12:20:39

  • Avoid credit trap (The Ottawa Sun)

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    2008-02-09 01:14:16

  • Avoid credit trap (London Free Press)

    In Canada earlier this week, the Oracle of Omaha pronounced that the era of "dumb money" is over.
    2008-02-09 01:16:20

  • Daughter adds to builder's troubles as she walks away from condo deal

    Seattle Times - Rising defaults on subprime home loans have prompted lenders to cut back on mortgage lending, further fueling the slump in home sales in states such as Florida, one of the hardest-hit markets. The number of homes sold by Realtors in Florida fell 29 ...
    2008-02-09 12:08:00

  • Analyst: Fannie Mae faces worse credit

    Boston Globe - Fannie Mae buys mortgage loans, packages them into bonds and sells the bonds to investors. Because the company is chartered by Congress, investors assume the government would not let Fannie Mae default, and so its bonds trade at a premium. Still, the ...
    2008-02-08 11:37:00

  • Repossession of homes hits eight-year high

    Financial Times - Home repossessions rose in the second half of 2007 to their highest for eight years, Council of Mortgage Lenders figures showed on Friday. However, at 0.23 per cent of outstanding loans, the rate remains less than a third of the peak seen in 1991 ...
    2008-02-08 07:58:00

  • Lifting the Lid-Criticism of US credit raters gains steam

    Forbes - At the same time, policymakers should bear some blame, including the Federal Reserve, which has been widely criticized for not having tough enough oversight of high-risk mortgage loans. "History will say that those in government may have been a bit ...
    2008-02-08 01:17:00

  • Small banks buck subprime downturn

    Charlotte.com - Neither makes subprime mortgage loans, but both have traded in subprime-backed investments. Now, they're blaming those investments for dismal fourth quarters. Fourth-quarter profits fell 95 percent at Bank of America, which wrote down $5.3 billion in ...
    2008-02-08 11:04:00

  • Wachovia to stop accepting some home loans

    Winston-Salem Journal - Get the scoop on Trail Mix, the Journal's new political blog. Wachovia Corp. said yesterday that it has stopped accepting some home loans made by mortgage brokers to people with less than prime credit. The change affects “expanded-approval” loans ...
    2008-02-08 10:28:00

  • Washington Mutual offers relief to borrowers

    San Francisco Gate - del.icio.us Washington Mutual, the nation's biggest savings and loan and sixth-ranking mortgage lender, is ramping up its efforts to give relief to borrowers who can't make payments on home loans, the thrift's No. 2 executive said. In an interview ...
    2008-02-08 11:54:00

  • Law holds up FHA loans for some stuck in subprime mess

    Salisbury Post - A local mortgage broker is warning that a new state law designed to stop predatory lending could also prevent some N.C. homeowners from refinancing and saving their homes. Brad Randall of HRC Associates Inc. says he is trying to help more than a ...
    2008-02-08 10:14:00

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