Mortgage and Financial News From 2007-9-4 Page 41
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Can the Mortgage Crisis Swallow a Town? (New York Times)
At current rates, analysts expect foreclosure filings to hit a rate approaching heights not seen since the Great Depression.
2007-09-01 01:21:33 -
Mortgage mess echoes in Congress (Los Angeles Times)
Proposals to revise loan rules and provide more refinancing flexibility await lawmakers when they reconvene today. As mortgage-related turmoil weighs down the U.S. economy, members of Congress are considering a range of measures aimed at easing the current problems while preventing such a crisis from recurring in the future.
2007-09-04 12:14:07 -
Bush announces 'limited' steps on loan crunch
USA Today - It's not the government's job to bail out speculators or those who bought a home they knew they could not afford," he said. Still, the plan is sure to incite critics. "If you're going to help someone to refinance, you're going to bail out the person ...
2007-08-30 05:58:00 -
How have you been affected by problems in the mortgage market?
St. Petersburg Times - I settled for a modestly priced under $150,000, well-maintained home in Pasco County. As my personal and financial picture cleared, I decided that my best long-term option was to stay in my house and refinance my mortgage. Middle-age professional ...
2007-09-01 09:16:00 -
Legal data sifting used for deception
Miami Herald - Companies called ''aggregators'' sift through public land records at county and city courthouses, and amass loan information for companies that are trying to find consumers who are in bankruptcy, those with home loans and those looking to refinance ...
2007-09-01 11:53:00 -
Simon likes visit at Cal
Alameda Times-Star - After an injury-plagued career at Tennessee and a fledgling NFL career that didn't work out, Simon was back in Walnut Creek this summer doing home refinance for Fidelity Capital Funding. That was after working out almost every day at Cal for seven ...
2007-09-02 01:55:00 -
Links We Like
WFTV - Whether you want to pay off some bills, remodel, or get a better rate, you can refinance your home online. Just enter your name and other important information and get a handful of approval values and rates in return. More Details
2007-09-02 01:15:00 -
College costs complicate retirement
San Diego Union-Tribune - Determine whether to refinance home mortgage or the home equity line of credit. Decide what to do about the family's health care coverage when Richard retires. RECOMMENDATIONS Continue to contribute to 457 plan until Richard retires; increase ...
2007-09-02 02:38:00 -
Buzz: Groups pinning hopes on six-month foreclosure moratorium
Record Searchlight - The White House proposal would allow people with good credit (what about those with bad credit?) who have fallen behind on their mortgage payments an option to refinance into a Federal Housing Authority-secured home. So one would be able to refinance ...
2007-09-03 06:33:00 -
Bob Bruss: Higher-rate, interest-only refinance isn't a good idea
San Antonio Express News - Dear Bob: I am a 51-year-old widow of eight years with three children, ages 9, 11 and 15. I earn only about $3,000 per month, and my children receive a total of $2,100 per month in Social Security benefits. I have owned my home for six years and ...
2007-08-31 05:56:00 -
The Fallout: Home sale players
Denver Post - Now it's half refinance and half purchase." Since the credit market melted down, Liana Pomeroy has had to rethink home loans for several of her clients. Pomeroy, a certified mortgage-planning specialist with Cherry Creek Mortgage Co ...
2007-08-31 05:56:00 -
How to get a mortgage today
Marketwatch - ... MarketWatch) -- You still may qualify for a mortgage, regardless of a shaky credit market. But you need to know the ropes because many lenders have tightened standards. So what should you do if you're buying a home today or you need to refinance?
2007-09-03 05:03:00 -
Bush mortgage plan ‘inadequate’
Financial Times - Mr Bush has promised modest meaures to help up to 80,000 borrowers refinance their mortgages, but Democrats have called for a ... and insisted it was ”not the government’s job to bail out speculators or those who made the decision to buy a home ...
2007-09-03 06:14:00 -
Bush says his tax plans may help in defaults
Boston Globe - Higher interest rates and weak home values have made it impossible for some to pay or to keep up with their monthly mortgage payments. Some overstretched homeowners can't afford to refinance or even sell their homes. Mortgage foreclosures and late ...
2007-09-01 11:17:00 -
Mortgage mess echoes in Congress
Los Angeles Times - They are preparing legislation that would overhaul standards for all home loans, imposing new regulation on brokers ... role for the giant, federally chartered mortgage finance companies -- Fannie Mae and Freddie Mac -- in helping refinance ...
2007-09-03 08:38:00