Mortgage and Financial News From 2008-2-24 Page 2

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  • Should you buy or should you hold off?

    Chicago Tribune - Mortgage rates: Loan costs are extremely attractive. As long as you are not borrowing more than $400,000, give or take, you can find fixed-rate, 30-year mortgages at less than 6 percent.
    2008-02-23 03:58:00

  • Mortgage crisis hits wealthy east

    News.com.au - Some of the younger mortgage holders in the city and east are definitely starting to feel the pinch of higher interest rates.'' Mr McNamara said those who extended themselves to buy into the east three or four years ago and fixed their rates for ...
    2008-02-23 05:28:00

  • Rents rise, but for how long?

    New Zealand Herald - Yields on rental property had been falling as rents lagged behind the cost of buying properties financed at historically high mortgage rates. But Infometrics notes that with house price inflation easing over the December quarter, gross rental yields ...
    2008-02-24 07:03:00

  • Congress eyes further relief on problem mortgages

    The Washington Times - A bill likely to be debated on the Senate floor tomorrow includes a proposed revision to the U.S. bankruptcy code that would allow judges to cut interest rates and reduce what is owed on troubled borrowers' mortgages. Currently, mortgage lenders can ...
    2008-02-24 09:19:00

  • Recession Watch: Lifelines for the Market

    BusinessWeek - That could push down mortgage rates, eliminating the problem of adjustable-rate mortgages resetting to unaffordable levels. "This could very well reverse the psychology driving home prices down in many parts of the country," Yardeni wrote.
    2008-02-24 09:26:00

  • Mideast urged to unify Islamic finance norms (Gulf Times)

    LONDON: Middle Eastern nations need to step up efforts to standardise regulation of the Islamic finance industry if they are to allow it to fulfill its growth potential and avoid disturbances, according to a senior central banker.
    2008-02-24 09:04:31

  • Congress Evaluates More Aid For Homeowners (The Tampa Tribune)

    Congress is set to examine another round of proposals to help consumers and investors survive turmoil in the housing market.
    2008-02-24 09:20:19

  • Countrywide Puts an End to Ski Junket (NYTimes.com via Yahoo! Finance)

    Countrywide Financial, the besieged mortgage lender, has canceled a gathering of bankers from smaller mortgage banks at the Ritz-Carlton Bachelor Gulch ski resort.
    2008-02-24 09:39:45

  • Recession Watch: Lifelines for the Market (BusinessWeek)

    For investors, the 2008 gloomfest is one party that can't end too soon. Here are five factors that might finally lift Wall Street out of its funk
    2008-02-24 09:53:58

  • Obama cites ‘call to action’, tells Blade editorial board change demands sacrifice (The Toledo Blade)

    Democratic presidential candidate Barack Obama told The Blade's editorial board on Sunday that people are ready for the kind of "call to action" that he has been advocating in rallies and speeches during his 13-month campaign. For some, he said, that could mean slightly higher taxes or a disincentive to drive a gas-guzzling vehicle.
    2008-02-24 09:54:20

  • Congress eyes further relief on problem mortgages (The Washington Times)

    IASSOCIATED PRESS/I
    2008-02-24 09:55:19

  • Shrink's Progress

    American Reporter - ORINDA, Calif. -- Ed, a 42-year-old divorced mortgage broker, explained that his job was demanding and often left him feeling tense and stressed. Although Ed had a girl friend, he lived alone. He had come to see me only at the insistence of his ...
    2008-02-23 01:42:00

  • Number of Broward County homeowners facing foreclosure surges

    Fort Lauderdale Sun-Sentinel - Leisha Reid, of Miramar, said she got in over her head without fully understanding the consequences. She bought a house with her then-husband in 2000. When they divorced, she said she had 30 days to obtain a new mortgage, and a broker put her into an ...
    2008-02-24 11:54:00

  • A good deal in bad times

    Worcester Telegram & Gazette - I would rather him tell me I couldn’t afford the house,” she said of her former mortgage broker. “I gave the house key to my Realtor. I packed up my life and left.
    2008-02-24 08:33:00

  • First-timers take another hit as 125pc deals end

    Guardian Unlimited - They should have effectively reduced their loan-to-value, which will make remortgaging easier and give them more choice,' says Melanie Bien, director of independent mortgage broker Savills Private Finance.
    2008-02-23 03:58:00

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