Mortgage and Financial News From 2008-2-24 Page 8

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  • Credit Woes Squeeze Bond Insurance Business

    NPR News - The trouble is that these firms have recently insured a lot of risky debt products like mortgage-backed securities. These securities have suffered big losses, and the insurance firms have been forced to pay out much more money in claims than they're ...
    2008-02-21 03:53:00

  • Southwest Florida business briefs: Feb. 25, 2008 (Naples Daily News)

     
    2008-02-24 01:48:10

  • Woods Wins Final To Claim Match Play Crown (WHIO-TV 7 Dayton)

    Tiger Woods wins the Accenture Match Play Championship with a victory over Stewart Cink in the final.
    2008-02-24 02:40:36

  • Suns Fall To Pistons (WHIO-TV 7 Dayton)

    The Phoenix Suns fall to the Detroit Pistons 116-86.
    2008-02-24 03:55:36

  • Flyers Clipped By Musketeers, 57-51 (WHIO-TV 7 Dayton)

    Brian Roberts scored 15 points and Charles Little added nine off the bench, but it was not enough as Dayton fell to No. 10 Xavier, 57-51 in front of a sold-out UD Arena on Sunday.
    2008-02-24 04:10:37

  • Britain Wants Visa Rules Simplified for Businessmen (Arab News)

    RIYADH — Britain wants an easy visa system for its businessmen to enter the Kingdom to promote bilateral trade, said Alderman David Lewis, the lord mayor of the City of London.
    2008-02-24 04:17:01

  • For whom the bells toll (Guardian Unlimited)

    Life & style: Why are more and more long-term couples suddenly getting hitched? Is it just for the tax breaks?
    2008-02-24 04:24:08

  • One company says it offers a way out of foreclosure (Northwest Florida Daily News)

    Maybe you’ve seen the signs. Some of them simply state, “Avoid foreclosure” and give an 800 number to call.       If you do, you’ll be dealing with Euelyn Reshan of Gulf Breeze, who is a contractor for Freedom Foreclosure Corp. It is a national family-owned private company based in Arizona that deals with “mitigation.”       That does not mean refinancing, Reshan is quick to point out. It means ...
    2008-02-24 04:32:21

  • Homeowners Losing Equity Lines

    Washington Post - It's an unusually aggressive move as the industry grapples with fallout from the mortgage crisis that began unfolding last year. Now that home prices have dropped in many parts of the country, lenders are nervous that they may never collect the money ...
    2008-02-22 08:46:00

  • Earthquake Insurance Question And Answer

    Insurance News Net - Why don't mortgage lenders require earthquake insurance? A: Temblors are unpredictable, which makes it difficult to set premiums that accurately reflect risk, says Lee Carter, senior vice president of lending at Zions Bank.
    2008-02-22 01:15:00

  • Homes Worth Less Than Their Mortgages

    ABC News - Again, the lenders would take a major loss. "We have to reduce the mortgage amount that's owed by the borrower," Zandi said. "Under the current terms, the borrower isn't going to make it.
    2008-02-21 03:53:00

  • 'Underwater' home owners

    Boston Globe - In some form, shifting the loans from private lenders to the federal government, which can presumably agree to reduce the mortgage and swallow the difference.
    2008-02-22 01:43:00

  • Host Hotels & Resorts, Inc. Q4 2007 Earnings Call Transcript

    Stockhouse Canada - We improved our leverage and coverage ratios through a combination of debt refinancing and repayments that lowered our overall debt balance and significantly reduced our average interest rate by nearly 1 percentage point to approximately 6%
    2008-02-24 01:19:00

  • Gastonia woman loses home to foreclosure but gets it back

    Raleigh News & Observer - That is a payment Wilson said she can handle. "They lowered my payments, put me on a fixed interest rate," Wilson said. "He was extra nice. I couldn't believe it." Having until April also gives her enough time to get her house in order before she moves ...
    2008-02-24 01:55:00

  • Landry’s buyout hinges on creditors

    Galveston County Daily News - The island native made the bid as economists were fretting about a recession and lenders, wary of a collapsing mortgage-backed securities market and turmoil in financial services, were clamping off the flow of cheap and easy money that had fueled ...
    2008-02-24 12:58:00

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