Mortgage and Financial News From 2007-10-28 Page 15
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Foreclosure leaves them just this side of homeless
St. Petersburg Times - Mortgage and bills aside, they hope to amass $3,500 -- first and last month's rent plus a security deposit because of their bad credit -- to move into a nearby three-bedroom apartment. They list the names of family or friends where they might stay ...
2007-10-27 09:50:00 -
Fear lack of diversification, not a 30-year mortgage
St. Louis Post-Dispatch - I usually hear two reasons for paying down a mortgage quickly. The first is that it ... In addition, the stock market was so bad during the Depression and in subsequent ... If you have a home equity line of credit open, you could tap into it. But then you ...
2007-10-28 01:10:00 -
US tax-free debt may face risks from Merrill
DAWN Group - Prices for natural gas bonds that other broker-dealers brought to market have also been clipped since Wednesday, when agencies cut Merrill’s credit due to its bad subprime mortgage bets. This kind of debt rises and falls with the underwriters ...
2007-10-28 12:06:00 -
It's Harder To Open Door
Hartford Courant - Of course, first-time buyers with a clean credit background and money in the bank can still secure a mortgage fairly easily. • Bad credit scores sink chances. Those who don't have such strong financial records may have to delay their dream until they ...
2007-10-27 11:58:00 -
City bank endures bad-loan crewcut (Baltimore Sun)
If there's one thing we know about the mortgage crisis, it's that it keeps turning policymakers and bankers into liars.
2007-10-28 12:43:43 -
Mortgage fallout may hit first-time buyers (Orlando Sentinel)
It's a lot tougher for first-time home buyers to secure a mortgage these days.
2007-10-28 01:20:44 -
Dark skies ahead for mortgage industry (The State)
NEW YORK — In all phases of the mortgage industry this week, from the people who make the loans to the people who insure them, the news was bad — and most of them expect it to get worse. Things have gotten so tough, title insurer Stewart Information Services Corp. said it could not cut costs fast enough in August and September to keep up with the plummeting market. The company has already made ...
2007-10-27 09:13:32 -
Bad week in mortgage circles means more troubles for borrowers seeking loans (The Clarion-Ledger)
In all phases of the mortgage industry last week, from the people who make the loans to the people who insure them, the news was bad - and most of them expect it to get worse.
2007-10-27 11:13:23 -
Hostile takeovers deserving of the name
Tacoma News Tribune - The ABC’s of reverse mortgages Reverse mortgages are getting a lot of attention lately. Here’s what you need to know about them: With a reverse mortgage, a homeowner receives a lump sum or regular payments based on the equity of his or her home ...
2007-10-20 05:54:00 -
As the Subprime Turns
Safe Haven - And this was for mortgages in a security that was sold earlier this year. Being down 82% in less than a year is not what ... But if home values decline, the reverse should happen. When the Going Get Rough, Simply Borrow More Next week's Outside the ...
2007-10-27 06:26:00 -
Inland buyers shunning mega-homes, experts say
Riverside Press Enterprise - ... and unsold homes, builders who during the past decade sold ever larger status-symbol homes are preparing to reverse course. ... Also, the risky adjustable mortgages with artificially low introductory interest rates are no longer available. Those loans ...
2007-10-27 02:40:00 -
Cities face crisis as housing slump socks Oakland homeowners
Oakland Press - The organization provides information to homeowners regarding any housing-related issue, including landlord-tenant disputes, reverse mortgages for seniors and down payment assistance for homebuyers, she said. "To help ease the crisis, it's going to ...
2007-10-27 08:59:00 -
Debt wobbles worldwide (Stuff)
Did the world economy crash on August 9, but nobody heard it happen? JOHN McCRONE investigates whether the so-called credit crunch might have really been much more than just another fleeting economic alarm. Well, was there a crash or not?
2007-10-27 08:10:15 -
Surviving the sandwich years (Bankrate.com via Yahoo! Finance)
The wealthiest seniors can afford the high costs of aging, and those with few assets qualify for Medicaid. But for seniors in the middle class, families often have to step in and help.
2007-10-27 03:00:00 -
Climate controversy heats up Australian election (AFP via Yahoo! News)
Australian Prime Minister John Howard was defiant Sunday in the face of reports his environment minister urged him to reverse government policy and sign the Kyoto Protocol ahead of upcoming polls.
2007-10-28 12:25:55