Mortgage and Financial News From 2007-12-12 Page 17

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  • House Panel Approves Bankruptcy Bill

    Forbes - President Bush, announcing his administration's initiative last Thursday, said 1.2 million homeowners could be eligible for relief, which includes the rate freeze and efforts to helping people refinance into more affordable mortgages. Speaking in New ...
    2007-12-12 10:08:00

  • Subprime creep: From city to burbs

    CNN Money - When prices were high, borrowers could buy with low down payments or refinance their old homes. But when prices fell, many homeowners found themselves owing more than their homes were worth. And when that happens, no matter how wealthy the ...
    2007-12-12 10:22:00

  • King City offers to help Mee Health Systems (The Salinas Californian)

    KING CITY - The King City Council agreed Tuesday night to help troubled Mee Health Systems refinance its debt.
    2007-12-12 05:09:57

  • King City to help Mee refinance its debt (The Salinas Californian)

    KING CITY — The King City Council agreed tonight to help troubled Mee Health Systems refinance its debt.
    2007-12-11 11:23:29

  • When it goes wrong

    Age - In a recent landmark decision being closely studied by lenders and mortgage ... They decided to refinance their loan to participate. They used false income ... To hold that the undetected provision of false information by or on behalf of a ...
    2007-12-12 05:07:00

  • ForeclosureS.com November Report: Initial Filings Up 93%; Foreclosed ...

    CNBC - ... means the 52% were able to solve their foreclosure problem (through a refinance ... That comes on top of the just-released third-quarter Mortgage Banker's Delinquency ... Sacramento-based ForeclosureS.com, publisher of foreclosure property information for ...
    2007-12-12 02:59:00

  • Agency wants loan-savvy homeowners

    Columbus Dispatch - ... visit the Ohio Housing Finance Agency at www.ohiohome.org and click on the "Take a second look at your mortgage" link for more information. ... The Opportunity Loan Refinance Program offers consumers the chance to refinance at a fixed rate for 30 years. The ...
    2007-12-12 05:22:00

  • Agency wants loan-savvy homeowners (The Columbus Dispatch)

    Have you looked at your mortgage lately? The Ohio Housing Finance Agency wants to know. More specifically, is your mortgage a fixed-rate or an adjustable-rate loan?
    2007-12-12 12:21:53

  • Treasurys cave in as central banks unveil new global facility to keep ...

    CNBC - The action was viewed by many investors as too paltry, given the unusual pressures that problems in the subprime mortgage sector have put on global financial markets this year. Severely shaken investors Tuesday staged a heavy stocks selloff while ...
    2007-12-12 07:09:00

  • Treasurys drop on new liquidity facility

    Miami Herald - The action was viewed by many investors as too paltry, given the unusual pressures that problems in the subprime mortgage sector have put on global financial markets this year. Severely shaken investors Tuesday staged a heavy stocks selloff while ...
    2007-12-12 07:09:00

  • PIMCO's Gross says Fed funds headed to 3 percent

    Reuters UK - ... recessions, the Fed has eased to a 1 percent real rate," or the equivalent of a nominal fed funds rate of about 3 percent, Gross said. Short-term rates should remain at low levels until the Fed sees housing prices leveling off, he said. MORTGAGE RATES ...
    2007-12-12 01:04:00

  • Fannie, Freddie CEOs warn of losses

    Seattle Times - A new plan orchestrated by the Bush administration to help distressed homeowners with a five-year freeze in mortgage rates provides the relief only to borrowers with credit scores below 660. Fannie and Freddie, which together own or guarantee around ...
    2007-12-12 12:14:00

  • Outlook '08: Real Estate Offers Bargains And Damaged Goods

    CNBC - From a homebuyer's perspective, we have an interesting situation right now with lower house values, mortgage rates that seem to be dropping and a growing inventory of homes (both distressed and otherwise) to choose from," says Sharga.  "If you're an ...
    2007-12-12 08:28:00

  • Most Asian Markets Drop Modestly On Dismay That Fed Didn't Cut Rates ...

    CBS News - U.S. policymakers were widely expected to lower rates for a third straight time to help the economy overcome a credit and mortgage crisis, though there was debate over the size of the cut. Most economists anticipated a quarter-point reduction but ...
    2007-12-12 06:19:00

  • Boom that raised the roof loses steam

    Globe and Mail - Canada's housing market has been fuelled by a number of factors, including low mortgage rates, high employment and the boom in commodities, especially in the West. This means sales of existing homes in 2007 are poised for their best year on record ...
    2007-12-12 07:23:00

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