Mortgage and Financial News From 2008-1-4 Page 48
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Call lender before it starts foreclosing
Baltimore Sun - She told me how she had lost her job and used up all her savings to keep making her mortgage, home equity line of credit, and ... states, foreclosure is fast-tracked, which means you could find yourself receiving a foreclosure notice from your lender ...
2008-01-04 12:08:00 -
Housing Glut Could Help War Wounded
Baltimore Sun - For the Johnsons, Operation Homefront raised the down payment from donors, and USAA, an insurer and financial services company for servicemembers and their families, helped secure a lender that would buy the Johnsons' mortgage. Homebuilder KB Home ...
2008-01-03 11:25:00 -
First Midwest takes reverse stance on mortgage loans
Chicago Tribune - We'll work with you to find a good mortgage lender at a good rate for you," Lance said. Though reverse mortgages represent less than 1 percent of the $10 trillion U.S. home-loan market, the number of federally backed reverse mortgages rose 41 percent ...
2008-01-03 11:54:00 -
ANZ lifts fixed rates - Sydney Morning Herald
ANZ lifts fixed ratesSydney Morning Herald, Australia - 1 hour agoAustralia's largest mortgage holder, the Commonwealth Bank, this week also increased its rates when it lifted its fixed-rate home loans by 30 basis points ...
2008-01-03 11:12:39 -
Foreclosure numbers hit new high - North Forty News
Foreclosure numbers hit new highNorth Forty News, CO - 1 hour agoLenders can initiate foreclosure after borrowers fall three months behind in mortgage payments. But foreclosures still can be withdrawn if borrowers "cure" ...
2008-01-03 11:26:29 -
Congress to the rescue - Express Estates
Congress to the rescueExpress Estates, India - 1 hour agoWith home prices falling and foreclosures rising last year, Congress held dozens of hearings into the nation’s mortgage crisis. ...
2008-01-03 11:27:24 -
Doom-and-gloom predictions, Part One - Globe and Mail
Doom-and-gloom predictions, Part OneGlobe and Mail, Canada - 1 hour agoThat portends more defaulting homeowners, more insolvent mortgage lenders, more de-leveraging of collateralized debt obligations (CDOs), ...
2008-01-03 11:42:39 -
State leaders float plans to ease costs for homeowners - Press & Sun-Bulletin
State leaders float plans to ease costs for homeownersPress & Sun-Bulletin, NY - 1 hour agoHe said lenders would have to agree to cut payments owed by overstretched homeowners for the borrowers to get help from the state. ...
2008-01-03 11:44:05 -
ANZ admits Costello pressure kept rates down - Advertiser Adelaide
ANZ admits Costello pressure kept rates downAdvertiser Adelaide, Australia - 1 hour agoHe was responding by moves by the National Australia Bank – the country's second-biggest housing lender to lift its variable home loan rate by 12 basis ...
2008-01-03 11:52:00 -
First Midwest takes reverse stance on mortgage loans - Chicago Tribune
First Midwest takes reverse stance on mortgage loansChicago Tribune, United States - 58 minutes ago"We'll work with you to find a good mortgage lender at a good rate for you," Lance said. Though reverse mortgages represent less than 1 percent of the $10 ...
2008-01-04 12:02:00 -
Effects of lax lending standards settling in - Chicago Tribune
Effects of lax lending standards settling inChicago Tribune, United States - 58 minutes agoBy Robert Manor | Tribune staff reporter January 4, 2008 There are increasing signs that the subprime home mortgage pain is spreading to other forms of ...
2008-01-04 12:02:00 -
2007 layoffs in finance, mortgage the exception - Inman.com (subscription)
2007 layoffs in finance, mortgage the exceptionInman.com (subscription), CA - 58 minutes agoMortgage lenders announced 86126 job cuts in 2007, more than six times the number announced in 2006. The wave of job cuts among mortgage lenders spread to ...
2008-01-04 12:02:10 -
Think of rate impact, govt tells banks - The Age
Think of rate impact, govt tells banksThe Age, Australia - 51 minutes agoMr Swan told reporters the NAB decision was a direct result of the US sub-prime mortgage crisis. "It's a stark reminder that turbulent condition in ...
2008-01-04 12:08:20 -
Home-buying snafu: Lender backs out, now what? - Mortage 101
Home-buying snafu: Lender backs out, now what?Mortage 101 - 50 minutes agoAt some future date, you can refinance the property with another mortgage lender. The title company would then release any claim it has against your ...
2008-01-04 12:09:29 -
Home Front: Area regains price edge - Sacramento Bee
Home Front: Area regains price edgeSacramento Bee, USA - 50 minutes agoIt means even if a national lender can get you a loan with no money down, Fannie Mae is now demanding a 5 percent down payment for loans in this market. ...
2008-01-04 12:09:39