Mortgage and Financial News From 2007-10-21 Page 17

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  • Rethink skimping on life insurance

    Columbus Dispatch - But putting off investing in life insurance can trigger a financial catastrophe for the survivors of a family's breadwinner or its primary caregiver. They'll be hard-pressed trying to continue to make rent or mortgage payments, cover child-care and ...
    2007-10-21 02:16:00
  • EILEEN AMBROSE

    Chicago Tribune - You can go for years not thinking about federal insurance on bank deposits -- and then a bank failure reminds you of how important this protection can be. On top of all the other troubles at Countrywide Financial Corp., the mortgage giant faces a ...
    2007-10-20 11:52:00
  • Money In, Money Out

    Boston Globe - Making sure rental income covers expenses can be tricky. Here's the financial breakdown for one multi-family rental property in Waltham with an estimated worth of $650,000. Mortgage $3,550/month Taxes $458/month Water $250/month Insurance $125/month ...
    2007-10-21 01:47:00
  • An End to the Beach House Loophole?

    Washington Post - The legislation also would make permanent the tax deduction for private mortgage insurance, which most homeowners have to pay if they made less than a 20 percent down payment. Both pro-consumer measures draw cheers from practically all corners. But ...
    2007-10-20 11:31:00
  • Watch out for federal deposit insurance limits, experts warn (Everett Herald)

    NEW YORK -- When the $2.5 billion NetBank was closed by federal regulators last month, about 1,500 accounts in the online bank had balances that exceeded federal deposit insurance limits.
    2007-10-21 12:12:05
  • Consider these seven smart mortgage moves for the remainder of 2007 (Asheville Citizen-Times)

    We have always said that "things change," but that statement has never been truer than this year, when mortgage lending had a total shift in polarity with the collapse of liquidity in nonconforming paper on Wall Street.
    2007-10-20 10:08:54
  • Rethink skimping on life insurance (The Columbus Dispatch)

    NEW YORK -- Millions of Americans have no life insurance or are seriously underinsured, and that could translate to big financial problems for their loved ones if they die unexpectedly.
    2007-10-21 02:20:54
  • Default crisis is evicting renters

    Boston Globe - His new landlord is an investment pool called "Carrington Mortgage Loan Trust 2005-OPT2." It was created by Citigroup Inc. in May 2005 to hold $75 million in mortgages the bank had purchased from lenders. Bear Stearns & Co. sold shares in the trust to ...
    2007-10-21 01:11:00
  • Slow news day depends upon your point of view

    Lafayette Journal and Courier - Sure, many would argue that Vladimir Putin's trip to Iran or the latest opinion about the debt crisis among mortgage lenders should be higher on our list of priorities. But you have to wonder just why we need to read another story about the money race ...
    2007-10-20 10:41:00
  • Cash is king in a buyer’s market

    Times Online - Unfortunately for buyers, thanks to the credit crunch this happy scenario is coinciding with lenders trimming their mortgage ranges. And they are becoming more picky. Moneyexpert.com has found that more than 738,000 mortgage applications have been ...
    2007-10-21 12:42:00
  • FHA closes down-payment assistance loophole

    Orlando Sentinel - Mortgage lenders, home builders and down-payment-assistance programs argued to keep the loophole open on the grounds that boosting the homeownership rate was good for everyone. The feds didn't take action until now. This fall, the Department of ...
    2007-10-21 01:33:00
  • Your views: Don't cry for Schnucks

    St. Louis Post-Dispatch - With all the news about people being in danger of losing their homes due to the mortgage meltdown, I feel it is time to put some good information out there that most mortgage lenders will not tell you. My knowledge comes from years of buying and ...
    2007-10-21 01:18:00
  • UK lenders sell out of two-year mortgages in days

    Financial Times - In the face of much lower lending rates, reported by the Council of Mortgage Lenders this week, lenders have been competing for customers by reducing rates for short-term mortgages. Business at Abbey had gone up 20 to 30 per cent thanks to the ...
    2007-10-19 11:43:00
  • N.H. home a study of ways to fight mold

    Philadelphia Inquirer - There are better ways to build a house, especially if you want to keep mold under control, Charles Perry believes. "Mold is a huge issue for my clients, especially lenders, since they have 80 percent exposure to the problem through [the] mortgage ...
    2007-10-21 12:00:00
  • Lenders reject Darling's attack

    BBC News - Mortgage lenders have hit back at accusations that they are responsible for the rapid rise in house prices. Chancellor Alistair Darling said that house price rises were "unsustainable" and lenders should ensure borrowers "have not overstretched ...
    2007-10-20 08:50:00