Mortgage and Financial News From 2007-10-21 Page 10

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  • Bulls still on parade despite big plunge (CNN Money)

    Earnings warnings, a weak housing market and $90 oil should have investors running for the hills. But they're not.
    2007-10-21 07:37:17

  • 'A flight to simplicity' (FT.com via Yahoo! News)

    In the roll call of disappointing earnings and business writedowns from investment banks lies a grim common refrain - the once glittering and somewhat mysterious world of structured finance is in trouble. The financial losses and many cuts to staff at banks such as UBS (NYSE:UBS), Citigroup (NYSE:C) and Merrill Lynch are centred in that new industry, which has led a recent boom in banking ...
    2007-10-21 09:30:13

  • WEEK IN REVIEW Ohio could get second new steel mill: (The Plain Dealer)

    A group of primarily European steel industry managers is looking in Ohio and several other states for a place to build a mill to make flat-rolled steel.
    2007-10-20 09:11:58

  • Rudd beats Howard in Australia election debate

    Daily Telegraph - He pointed out that since Mr Howard had promised in 2004 to keep interest rates low ... are being hurt financially by a crisis in housing affordability and severe mortgage ... spread out over the six-week campaign, but the government insisted on only one. ...
    2007-10-21 07:38:00

  • Monday, October 15

    News.com.au - ... and Labor's strongest bid for government in 14 years. The Opposition Leader only ... the impact he, Chris Vermeulen and Anthony West are having on Australian interest in ... at setting up a roughly $US80 billion ($A88 billion) fund to buy ailing mortgage ...
    2007-10-21 07:52:00

  • Discover the best banks for your buck

    MSNBC - But they're known for charging lower fees and offering higher rates of interest than banks. The catch is ... If you're in the market for a home equity loan or a mortgage, you really need to shop around. Not only do you want to survey online lenders to see ...
    2007-10-21 09:32:00

  • Doubts over UK fixed mortgages

    Financial Times - ... to be in,” said Richard Farr, director of the Association of Mortgage ... 25-year fixed-rate mortgages but long-term deals still make up only a fraction of mortgages brokered. Fixed-rate deals offer borrowers a guaranteed rate of interest for a ...
    2007-10-21 10:08:00

  • Mortgage scheme's promises illusory

    Louisville Courier-Journal - The product they tout is a payment option, adjustable-rate mortgage. It lets homeowners choose the kind of payment to make each month -- either a minimum payment, principal and interest, or interest-only. With a minimum payment, a borrower could ...
    2007-10-21 05:29:00

  • Will heirs inherit their father's debt? (Los Angeles Times)

    Question: My siblings and I inherited my father's house, which he bought in 2003 in a 55-and-over community. The house is depreciating, and there is no equity, as he used it all for landscaping and improvements through a home equity line of credit. Are we responsible for paying the mortgage and the home equity line of credit? Only my father's name is on the promissory note, deed and credit ...
    2007-10-21 12:11:21

  • Act fast if behind on mortgage, or it will cost you (The Buffalo News)

    It’s tough enough on borrowers when they can’t afford to keep up with their mortgages, and wind up in foreclosure. It’s even worse if the only reason they lose their home is because they can’t pay thousands of dollars to the bank’s lawyers before the lender will help.
    2007-10-21 04:17:59

  • A Big Bank Bailout May Be Worth a Try

    Street.Com - It needs to cut rates to rescue both home lenders and home borrowers and stave off a housing-led recession. But we need higher rates to keep selling our debt. That's the problem with this mortgage mess. Consumers don't have a lot of room to maneuver ...
    2007-10-21 09:32:00

  • Reversing fortunes: Retirees expand lifestyles with mortgage option

    Record Searchlight - Although homeowners make no payments on a reverse mortgage while living in the home, they are still responsible for paying annual taxes and ... and moving into a smaller home or renting a nice condo and living on the cash proceeds.....The interest rates ...
    2007-10-21 08:56:00

  • Stretching paychecks

    Allentown Morning Call - Industry analysts and some economists fear the strain will get worse as people are hit with higher home heating bills this winter and mortgage rates go up. It's bad enough already for 85-year-old Dominica Hoffman. She gets $1,400 a month in pension ...
    2007-10-21 08:49:00

  • Area home auctions hit the roof

    Boston Globe - ... tripled from January through September compared with the same period last year, showing the national mortgage turmoil is hitting home with ... The plan targets neighborhoods there and in five other Bay State cities with high foreclosure rates. But it ...
    2007-10-21 02:01:00

  • Board Rejects Increasing Developers' Impact Fees

    Washington Post - ... the resolution, said no one is building houses in the county as residential home ... who estimated the $51,000 would have added $350 a month to a new house's mortgage. ... These are significant downturns from the county's projected rates," he said. Board ...
    2007-10-21 07:30:00

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