Mortgage and Financial News From 2007-12-2 Page 3
Previous Day: 2007-12-01
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Dollar slips back after last week's rebound
Guardian Unlimited - Also improving sentiment on the dollar and U.S. economy was news that mortgage companies were hammering out a plan to help homeowners freeze interest rates on some subprime mortgages, the heart of the housing troubles and this year's credit crunch.
2007-12-02 05:01:00 -
Dividend darling keeps bravado (Market Watch)
SAN DIEGO (MarketWatch) -- When I think of the companies that have made me look the silliest, American Capital Strategies is high on the list.
2007-12-02 05:18:36 -
What’s next? (The Beaver County Times)
Headlines are screaming: “Mortgage crisis” and “Foreclosures jump.” This shouldn’t surprise anyone. Hundreds of companies have moved out of the country for cheaper labor. That leaves the average home owner with unemployment and the elderly with taxes they can’t pay.
2007-12-02 02:27:49 -
Betting on the decline of housing pays off (The Philadelphia Inquirer)
Kenneth Heebner, manager of the top-performing CGM Focus Fund, profited from a $477 million bet against Countrywide Financial Corp. and Sears Holdings Corp. as the housing bust hurt mortgage and home-furnishings companies.
2007-12-02 01:20:35 -
Office market may be next to fall
Detroit Free Press - I always think Wall Street does panic better than anybody I know," said John Levy, president of Richmond, Va.-based commercial mortgage broker John B. Levy & Co. The decline in prices of the highest rated commercial mortgage-backed securities mostly ...
2007-12-01 11:57:00 -
Housing to the Fore: Clinton Urges Freeze on Foreclosures
Wall Street Journal - Clinton has made similar calls for reform as well; in August, she called for legislation banning prepayment penalty riders on mortgage products and to disclose more details about broker commissions. The plan she is about to announce is striking on two ...
2007-12-02 05:37:00 -
Regulators target kickbacks involving builders, insurers
Baltimore Sun - If the stake is 25 percent, the realty agent or mortgage broker might get $500 out of your $2,000 title insurance premium. If the stake is half, the split might be $1,000. Buyers typically are provided a disclosure -- along with all the other ...
2007-12-02 06:09:00 -
Foreclosures point way to criminal investigation
Courier News - A former Elgin-based mortgage broker is scheduled to be sentenced next month after pleading guilty to fraud charges in the scheme that left at least 18 Fox Valley homes on the path to foreclosure. According to U.S. District Court for the Northern ...
2007-12-02 12:29:00 -
Yen Advances as Moody's Prepares Rating Cuts on Subprime Losses (Bloomberg.com)
Dec. 3 (Bloomberg) -- The yen advanced from the lowest in two weeks against the dollar after Moody's Investors Service said it is preparing the biggest credit rating cuts since subprime mortgage defaults rocked financial markets.
2007-12-02 07:06:11 -
The curse of U.S. mortgage crisis reaches northern Norway (International Herald Tribune)
Narvik, a remote Norwegian seaport, and three other Norwegian municipalities have lost about $64 million, and potentially much more, in complex U.S. securities investments that went sour.
2007-12-02 12:14:56 -
Pros and cons of buying a house with friends
MSNBC - Real estate expert Barbara Corcoran's shares practical advice for those looking to house-hunt with pals: Pros: You'll get ... Remember that one person's bad credit can make the mortgage rate significantly higher. Also, any outstanding debt or unpaid ...
2007-11-29 03:53:00 -
Inheriting a headache
News.com.au - ... per cent return after tax and, provided the loan is for your residence, paying it off will not adversely affect your Centrelink benefits. I lean towards paying off the balance you owe on the mortgage. This column is not intended as investment advice ...
2007-12-02 05:55:00 -
Military bonus best used to make family secure
Fort Lauderdale Sun-Sentinel - Our other debt is $1,267 a month for our mortgage, $3,300 owed on furniture, and $2,000 at Home Depot and on one credit card. I need some advice." Here's what I recommended: First, figure out what they must spend to run their household for three months ...
2007-12-02 05:44:00 -
Mortgage parley
San Diego Union-Tribune - Barrett and the Hornbeeks have already contacted Chase to pursue similar negotiations to lower the interest rate for that mortgage. The financial planner gave some advice to other homeowners who might be in a similar situation. “This is a perfect ...
2007-12-02 06:52:00 -
Taking the worries out of property finance
Japan Today - We are an independent mortgage broker and use the broad resources of large renowned lending institutions offering mortgage advice to individuals, companies or clients wishing to use trust or corporate holding structures. What is your philosophy? The ...
2007-12-02 03:28:00