Mortgage and Financial News From 2007-10-21 Page 8

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  • Retiring with a mortgage

    Kansas City Star - You’re now about to retire, the loan’s balance is down to $300,000, and your home is worth $600,000. You could simply refinance that $300,000 back over 30 years. Even if you get the same 6.5 percent rate, that will trim your payment to $1,896. ...
    2007-10-19 05:56:00

  • Storm Damages Cancer Victim's Home (WMTW Auburn)

    Severe weather on Friday night rips the roof off of a home in Sidney.
    2007-10-20 04:13:14

  • Foreclosures hit close to home in Phoenix suburb (Arizona Daily Star)

    QUEEN CREEK — Out on Phoenix's suburban fringes, where cement mixers are fast colonizing hay and cotton fields, the day is winding to a close. The home hour has arrived.
    2007-10-21 12:09:05

  • How Does This Snowfall Compare To Previous Years? (KMGH 7 Denver)

    Even in a cooling market, there are still ways to sell your home. More Do your homework first! LendingTree has expert articles and mortgage calculators to help you find the right refinance loan. Complete our simple, secure online request and compare up to 4 offers. No fees, no obligation!
    2007-10-21 10:21:24

  • Refinance, transfer land Air Force couple in bind (The St. Charles Sun)

    "We got suckered," Kris Guffa says as she looks back at how she and her husband were pitched with a chance to refinance at 100 percent of their home's value. Two years later, there is turmoil in the family's finances.
    2007-10-21 02:29:08

  • AP Business NewsBrief at 1:02 p.m. EDT

    CNBC - NEW YORK (AP) _ With all the predicaments facing the markets these days _ credit ... Too bad it's not tougher. Right now Earth is looking pretty fragile as it ... pension plan that owns shares of Countrywide Financial Corp. has asked the mortgage ...
    2007-10-21 10:01:00

  • US investors will look to recoup after bad week

    Gulf News - US investors will look to recoup after bad week ... Among the Dow mega-caps set to reveal their quarterly results this week are credit ... fall further behind if Countrywide Financial Corp, the country's largest mortgage ...
    2007-10-21 12:10:00

  • Signs point to one thing: credit crisis far from over

    Inland Valley Daily Bulletin - Then Standard & Poor's made another sweeping downgrade of the credit ratings on mortgage-backed securities worth some $23.35 billion ... Subprime loans typically carry higher interest rates and were about the only way people with bad credit were able to ...
    2007-10-21 12:24:00

  • Bob Ivry / Detroit News staff and wire reports

    Detroit News - As many as 1.5 million more Americans may lose their homes, another 100,000 people in housing-related industries could be fired, and an estimated 100 additional subprime mortgage companies that lend money to people with bad or limited credit may go ...
    2007-10-21 12:03:00

  • Virgin Bets on Interpersonal Loans

    CNBC - CircleLending now has $200 million (euro141 million) in loans on its books -- ranging from short-term loans for debt refinancing or other personal needs, to reverse home mortgages and small business expenses. Because borrower and lender know one ...
    2007-10-15 07:45:00

  • WRAPUP 1-Wells Fargo, other US banks hurt by credit losses

    Reuters - ... other U.S. regional banks on Tuesday reported disappointing third-quarter results, hurt by mounting losses from mortgages ... As trends over the last four or five years start to play in reverse, it becomes a difficult environment for banks to ...
    2007-10-16 03:07:00

  • Community Food Drive

    Herald & Review - They also link to some reverse engineering of the time compression, which the WFMU writer says “sound amazing.” Amazing if you like the idea of listening to a poor recording broadcast over a shortwave radio through a cell phone with poor ...
    2007-10-18 05:57:00

  • Housing's blow to the midsection

    Orange County Register - When the quarter started, a huge problem was a shortage of mortgages for folks with dicey credit profiles. By quarter's end at ... forward, I'm guessing that certain summertime buying patterns – or, largely, the lack of buying – will modestly reverse ...
    2007-10-21 02:51:00

  • Reverse home foreclosure trend

    Cincinnati Enquirer - Reverse home foreclosure trend ... Statewide, an estimated $14 billion in adjustable rate mortgages (ARMs) will adjust upward in the next five years. Many ...
    2007-10-21 02:16:00

  • Credit crunch 'to hit UK growth'

    BBC Business - Record defaults on sub-prime mortgages in the US left many banks uncertain about the value of some of the debt they held and ... Having to reverse gear may not be such a bad thing," he said. The report cites over-exposed hedge funds, private equity ...
    2007-10-21 08:06:00

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