Mortgage and Financial News From 2008-1-21 Page 62

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  • Shelter from foreclosures

    Boston Globe - ... worse, as housing prices are expected to fall as a result of mortgage companies selling foreclosed homes at discounted rates. ... Kevin Cuff, the executive director of the Massachusetts Mortgage Bankers Association, said it would be wrong to compare the ...
    2008-01-21 02:33:00

  • Lending window is wide open to some mortgage borrowers - Allentown Morning Call

    Lending window is wide open to some mortgage borrowersAllentown Morning Call, PA - Jan 20, 2008Compare their interest rates and other costs. The biggest mortgage costs, Gumbinger said, are interest and percentage-based fees, such as points.
    2008-01-20 04:06:23

  • Floods raise concern about insurance - Indianapolis Star

    Floods raise concern about insuranceIndianapolis Star, United States - 5 hours agoCompare that to a $100000 flood insurance premium, which is about $500 a year ($33 a month). • If you live in a low- to moderate-risk area (30 percent of ...
    2008-01-20 11:46:40

  • Group helps Roxbury residents keep their homes - Boston Globe

    Group helps Roxbury residents keep their homesBoston Globe, United States - 5 hours agoKevin Cuff, the executive director of the Massachusetts Mortgage Bankers Association, said it would be wrong to compare the neighborhood's success to what ...
    2008-01-21 12:14:24

  • State Poverty Rate Rising Quickly (WSMV Nashville)

    The latest U.S. Census numbers show Tennessee's poverty rate rising more quickly than the national rate.
    2008-01-20 12:24:01

  • For Hillary Clinton, government as economic prod

    MSNBC - Her proposal for short-term economic stimulus, centered more on home-heating and mortgage subsidies than a broad tax rebate, has generally received lower marks from economists than Mr. Obama’s plan, which emphasizes immediate tax rebates to most ...
    2008-01-21 04:34:00

  • Kill the competition: Ultimatum to Rock investors ... BHP prepares to ...

    Times Online - Countrywide Financial shares dropped nearly 10 per cent amid growing investor fears that Bank of America could walk away from its agreement to acquire the struggling home-mortgage lender. The US stock market fell every day of the week, despite ...
    2008-01-20 11:26:00

  • Wolseley Earnings Drop 25% on U.S. Housing Recession (Update2)

    Bloomberg - There are increasing signs that the U.K. housing market is slowing in response to the lower availability and increased cost of mortgage financing,'' Wolseley said. ``In addition, the rate of growth in the U.K. repair, maintenance and improvement ...
    2008-01-20 11:48:00

  • European Stocks Enter Bear Market for First Time Since 2003

    Bloomberg - U.S. reports this month signaled that a housing slump and subprime mortgage defaults may have sent the world's biggest economy into a contraction. Morgan Stanley has said a U.S. recession and more writedowns from banks may spur the first earnings ...
    2008-01-21 12:52:00

  • ACA Capital deal buys some more time

    Globe and Mail - Home   National British Columbia Prairies Ontario Quebec Atlantic Politics Education World Americas Europe Asia-Pacific Africa-Mideast ... Bank of Commerce, which had hedged $3.5-billion worth of complicated securities (that were tied to the U.S. subprime mortgage ...
    2008-01-21 04:13:00

  • Chinese Bank Shares Fall Sharply

    Forbes - The subprime woes in the U.S. have raised concerns at home about risks in the domestic mortgage market and prompted selling in banking and real estate companies," said Wang Junqing, an analyst at Guosen Securities in Shanghai. Bank of China, China's ...
    2008-01-21 04:41:00

  • ACA Customers Allow More Time to Unwind Default Swaps (Update2)

    Bloomberg - Jan. 21 (Bloomberg) -- ACA Capital Holdings Inc., the bond insurer being run by regulators after subprime-mortgage losses, won a month's grace to unwind $60 billion of credit-default swap contracts that it can't pay. ACA, under the control of the ...
    2008-01-21 03:30:00

  • Europe Starts to Feel Pinch as U.S. Slowdown Spreads (Update1)

    Bloomberg - Jan. 21 (Bloomberg) -- The European economy may be starting to suffer collateral damage from the U.S. subprime mortgage slump. Banks are making borrowing harder, industrial production is shrinking and investor confidence is waning just as the U.S ...
    2008-01-21 03:58:00

  • Ex-housing boss going on trial

    Miami Herald - The indictment, filed in federal court, alleges Price used his position to fraudulently acquire a home mortgage, collect rent payments for which he was not entitled and profit from the resale of city property. His trial is set to begin March 3. An ...
    2008-01-21 12:02:00

  • Presidential election year may let down investors - phillyBurbs.com

    Presidential election year may let down investorsphillyBurbs.com, PA - 49 minutes agoMost worrisome to investors are the unknowns related to the housing and mortgage market malaise. If credit standards remain tight, and the financial ...
    2008-01-21 04:10:41

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