Mortgage and Financial News From 2007-12-13 Page 24
Previous Day: 2007-12-12
Return to the mortgage news archive home.
Page: 1 - 20 21 22 23 24 25 26
-
UPDATE 1-French banks to set up super conduit fund -sources
Reuters - The fund will take the ABS and then refinance them through the issuance of paper to institutional investors. The French plan goes back to August after the credit crunch hit the markets and forced BNP to freeze several funds for two weeks. While the ...
2007-12-13 02:36:00 -
Kuwait's Zain refinances $1.2 bln Islamic loan (Reuters via Yahoo! Singapore News)
DUBAI, Dec 13 - Kuwait's Mobile Telecommunications Co agreed a $1.2 billion Islamic loan with seven regional and international lenders to refinance existing debt for the same amount, the Kuwait bourse said on Thursday.
2007-12-12 09:45:00 -
Mortgage crisis discussed (Milwaukee Journal Sentinel)
Waukesha - A state housing official described as "dicey" a Bush administration proposal that would allow states to bond to refinance existing mortgage loans as part of a larger plan to deal with the nation's subprime mortgage crisis....
2007-12-12 09:00:52 -
Buzz: Real estate calm may just have been the eye of the storm
Record Searchlight - ... came in October, when DataQuick Information ... You refinance to 80% Interest only loans. (Interest only will make this ilustration easier.) Your interest rate is 6%. 800,000 X 6%= 48,000 a year in interest.
2007-12-09 03:55:00 -
Foreclosures already top 2006 record
Rocky Mountain News - The Colorado Division of Housing, which released the report based on information from public trustees ... A short sale is when the lender takes back the house for less than the mortgage amount. Also, it's more difficult to refinance into a lower rate ...
2007-12-12 11:01:00 -
Stockton's magical misery tours
Los Angeles Times - Dias' home tour is just one more high-profile sign of the mortgage crisis that ... the state's increase by 41%, according to DataQuick, a La Jolla-based information ... to use what they'd expected to be the rising equity in their home to refinance the ...
2007-12-12 11:51:00 -
Proposed Mortgage Solution May Not Help Everyone (Shepherd Express)
Even with the possibility of a freeze on mortgage rate adjustments, it appears that many people with adjustable-rate mortgages (ARMs) may face foreclosure in the next year.
2007-12-12 06:00:43 -
Pimco's Bill Gross Says Fed Cash Plan a `Good Move' (Update1)
Bloomberg - This is a good move on the part of the Fed,'' said Gross, who oversees the $108 billion Total Return Fund as chief investment officer of Pacific Investment Management Co. ``It's a decent first step to bringing down 30-year mortgage rates, which is ...
2007-12-12 03:23:00 -
Lisbon shares TFN at a glance outlook
CNBC - Cofina also interested (Diario Economico) -Sacyr's Somague to expand operations to Middle East (Jornal de Negocios) -Bank of Portugal says Banco Popular's monthly revision of mortgage interest rates illegal (Jornal de Negocios ...
2007-12-12 11:51:00 -
Foreclosure 'victims' bet and lost
Herald Tribune - When adjustable mortgage rates start below 5 percent, it does not take a genius to know they will likely adjust upward. These people received property with borrowed money and promised to pay it back. No matter how creative the loan terms were, buyers ...
2007-12-13 01:24:00 -
Economy becoming issue for election
The Daily Advertiser - WASHINGTON - Americans have turned markedly gloomier about the economy in recent months, a shift that is reshaping a presidential campaign long dominated by the war in Iraq and national security concerns. Higher prices for gasoline and home heating ...
2007-12-13 12:41:00 -
Subprime 'crisis' – federal intervention needed?
WorldNetDaily - Our catastrophe-obsessed traditional media calls it the subprime mortgage "crisis" or "meltdown." Here's what happened: Borrowers with shaky creditworthiness received low interest "teaser" rates. No problem, as long as housing prices continue to ...
2007-12-12 09:50:00 -
Mortgage applications rose 2.5% last week: MBA (Market Watch)
CHICAGO (MarketWatch) -- Mortgage applications rose a seasonally adjusted 2.5% last week, as mortgage rates headed up, according to the Mortgage Bankers Association's weekly survey, released on Wednesday.
2007-12-12 04:33:36 -
Author Topic: Six Utahns indicted for mortgage fraud (Read 603 times)
Daily Herald - Let me guess, all these guys drove around in Hummers or Escalades with messages written on the back window saying something like "Real Estate Investors Wanted" or "Ask Me How I Made My Money". I really hope they get what they deserve! Now their ...
2007-12-10 03:54:00 -
Suspect in pharmacy robberies arrested
Seattle Post Intelligencer - A man suspected in a series of pharmacy robberies in the Seattle area was arrested at his home Tuesday night, just ... are skittish · "Don't buy stuff you cannot afford" · "Are there people out there who are going to say that it's mortgage fraud?
2007-12-12 10:22:00