Mortgage and Financial News From 2007-12-2 Page 11
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Warning to buyers as mortgage fees double in two years (The Scotsman: Business)
HOMEBUYERS are being warned to watch out for mortgage fees, which have typically doubled over the last two years according to research from Moneyfacts.co.uk.
2007-12-01 05:22:04 -
Reverse mortgage pitfalls
News.com.au - ALMOST half of retirees surveyed on reverse mortgages had no idea how much the loan will eventually cost, the Australian Securities and Investments Commission has reported. ASIC's report All we have is this house – consumer experiences with reverse ...
2007-12-02 05:55:00 -
Summit looks at ways to help homeowners (Westland Observer)
Westland Mayor William Wild participated Tuesday in a U.S. Conference of Mayors summit in downtown Detroit aimed at helping homeowners avoid foreclosure. The meeting was chaired by Detroit.
2007-12-02 04:08:03 -
Disclosure laws in state ranked 17th among 50
NW Arkansas Times - ... DeCample said the governor already is required to disclose most of that information through another disclosure requirements for other things such as gifts or mortgages. He said he doubted that it would be practical for a governor to have a second ...
2007-12-02 04:08:00 -
Foreclosure cases overwhelm counselors
Delmarva Daily Times - In a report to the task force, the Delaware State Housing Authority found there were 3,452 seriously delinquent mortgages in Delaware by the end of 2007's second quarter. Foreclosure filings in Delaware continue to break records, increasing 53 percent ...
2007-12-02 01:30:00 -
Australia May Keep Key Rate Unchanged at 6.75% on U.S. Slump
Bloomberg - ... had its biggest monthly decline in 3 1/2 years in November on mounting concerns that losses related to U.S. subprime mortgages ... is expected to show Australia's economic growth edged up to 1 percent in the third quarter from 0.9 percent in the second ...
2007-12-02 06:45:00 -
WHO'S ON DECK
New York Post - ... 5 billion Arab bailout - but fears are still rampant on Wall Street that the banking giant will have to line up a second ... Citigroup's huge losses on junk mortgages and other bad bets - now approaching $15 billion - could drain the balance sheet so ...
2007-12-02 02:42:00 -
Couple renegotiates home loan to stave off soaring adjustable rate
San Diego Union-Tribune - ... were in a predicament, and it's not so far off from what tons of other people in San Diego are facing with their mortgages ... In addition to their primary mortgage, the Hornbeeks had taken out a second mortgage with Chase for $85,750 at a fixed rate ...
2007-12-02 06:59:00 -
Buyers in Mass. finding great deals
Boston Online - Today, the couple are making a monthly mortgage payment that equals their combined former mortgages - and couldn't be happier ... By the end of the summer, the owner was getting a little anxious, and when Murray contacted her a second time, she accepted ...
2007-12-02 10:06:00 -
Peter Boutell, Lending a Hand: This conforming loan combination may be ...
Santa Cruz Sentinel - Although the interest rates on second mortgages are about 2.5 percent higher than on first mortgages, the loan amounts on second mortgages are smaller than the first mortgages which gives the borrower a "blended" rate that is often lower than the ...
2007-12-01 11:50:00 -
Asian housing booms despite crunch
Kane County Chronicle - The central bank recently raised down payment requirements for second mortgages to 40 percent, but analysts say more needs to be done to rein in the market – without triggering a collapse. Chinese Premier Wen Jiabao warned earlier this month that ...
2007-12-02 03:39:00 -
CITI MORTGAGES ITS OWN FUTURE
New York Post - With adjustable-rate mortgages taking off from those low tempting-teaser rates, and with $3 a gallon gasoline and $6-a-box ... So rather than cut its generous $2.16 annual dividend for what would be only the second time in its 195-year history, Citi ...
2007-12-02 02:35:00 -
Energy and the Environment
Indymedia Ireland - Finally Willie Walsh presented a tight speech on low-cost aviation and emissions; that would of course have an effect on Irish second homes and second mortgages in places like Spain. The speeches had given us a load of data, well presented and with a ...
2007-12-02 06:38:00 -
N.J. subprime woes worse than nation's (The Record)
The Federal Reserve Bank of New York issued a report Friday that sheds light on the condition of subprime mortgages in New Jersey, and it's not a pretty picture.
2007-12-01 05:44:25 -
Few builders look like 'buys' (Pioneer Press)
With home sales slowing to a crawl and buyers unable to qualify for mortgages, some homebuilders are struggling to keep their operations going.
2007-12-01 10:18:45