Mortgage and Financial News From 2007-12-2 Page 12
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Kathleen Pender: Choosing a financial adviser
San Francisco Gate - The first business model has inherent conflicts of interest. Salespeople have an ... Members must be fee-only planners, meaning they can't earn commissions; and they ... A broker says, "You qualify for a mortgage." We hear, "You can afford this mortgage ...
2007-12-02 05:12:00 -
Why the free ride for subprime borrowers?
San Francisco Gate - I have good credit and pay my conventional mortgage on time, yet I don't get a free ride of any sort on payments or interest. Isn't it time we face the ugly ... PHA supports the Fisher Art Museum only if it is placed at a more appropriate location ...
2007-12-02 05:05:00 -
Short sale can be alternative to foreclosure
Miami Herald - They're reducing monthly payments, modifying interest rates, and refinancing, all in an effort to keep people in their homes. But sometimes the only way to fend off ... agrees to allow a homeowner to a sell the home for less than the mortgage ...
2007-12-02 02:13:00 -
Real estate blogs booming
Philadelphia Inquirer - ... convention, Thorsen was a star, not only in ... Realtor/mortgage broker Fred Glick has a blog ( http://fredglickre.blogspot.com/ ), as does Realtor Mark Wade ( http://blog.centercitycondos.com/
2007-12-02 07:57:00 -
Treasury Secretary working to develop loan modification plan (The World)
WASHINGTON — The Bush administration and the mortgage industry, trying to combat a massive wave of foreclosures, are hammering out a proposal to temporarily freeze interest rates on certain troubled subprime mortgages.
2007-12-02 08:11:41 -
Tax cuts ease family pain
News.com.au - Prescott Securities chief economist Darryl Gobbett said interest rates would ... Mr Gobbett expected some inflationary impact from Labor's First Home Saver ... I think there's only 30 to 40 per cent of the population that have a mortgage." ...
2007-12-02 05:55:00 -
Class offered for first-time buyers
Herald Tribune - Pre-qualifying vs. pre-approval for a mortgage loan. Shopping for loans with the best interest rates. Closing on a home loan. Free financial counseling. In Sarasota, the workshop will be from 9 a.m. to 3 p.m. Saturday, Dec. 8, at the Glasser-Schoenbaum ...
2007-12-02 06:38:00 -
Your guide to getting rid of the mortgage
This is Money - That way, they say, families can keep control over their most important asset - their home. Financial Mail explains how overpayments work. Can all borrowers overpay? Most mortgage deals, including short-term special rates, allow borrowers to ...
2007-12-02 04:36:00 -
Our home market is unique
Columbian - ... and inventory report from the Portland-based RMLS on metro-area market trends; a monthly single-family home construction report from Clark County's Department of Community Development; plus national reports on subprime loans, mortgage rates, home ...
2007-12-02 08:32:00 -
Unemployment May Rise, Manufacturing Slow: U.S. Economy Preview
Bloomberg - Bear Stearns Cos., the biggest underwriter of U.S. mortgage bonds, said last week it will eliminate 650 jobs in the firm's ... The Fed has cut rates by 0.75 percentage point over the past two meetings. Policy makers said Nov. 20 that they ...
2007-12-02 07:57:00 -
Daniel Mudd / Fannie Mae president and CEO "Rates were low for a long period of time. Home prices accelerated for a ... (San Francisco Chronicle)
Daniel Mudd, 48, is president and chief executive officer of Fannie Mae, the giant government-sponsored entity that, along with Freddie Mac, buys and packages billions of dollars of mortgage loans for resale in secondary markets, which helps to keep interest...
2007-12-02 12:47:56 -
SMU professor Scott MacDonald explains all about subprime
Dallas Morning News - Riskier loans, such as subprime loans, should generally have more demanding terms to protect against default. But many mortgage lenders reduced the required terms to qualify more borrowers. Bad loan When the value of the loan ...
2007-12-02 06:45:00 -
SEC's anti-investor vote a disservice to shareholders
International Herald Tribune - NEW YORK : In recent months, owners of many financial stocks have lost billions because the directors who represent them were clueless about risky mortgage operations or toxic loans held by their companies. Then last week, shareholders lost the only ...
2007-12-02 04:15:00 -
Mortgage fraud: It's so bad feds just track cases over 50K
OpEdNews.com - While the media’s take on the crisis in mortgage loans has been focusing on the consumer’s inability to pay, understand that without the high commissions and fees in real estate, mortgaging and appraising, there would be little reward in this kind ...
2007-12-02 06:24:00 -
Column: Government regulation brought us the housing disaster
Eagle-Tribune - The current unemployment rate is 4.7 percent, the lowest since 2001 and reasonably reflective of that economic indicator for the last few years. ... problem - they do not qualify for the best interest rates ...
2007-12-02 06:31:00