Mortgage and Financial News From 2007-9-4 Page 18

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  • Bush's Bogus Bailout: Tony Soprano Economics 101

    Scoop - ... and loan officers told clients not to worry about concerns like their ARMs (adjustable rate mortgage) resetting; they could always refinance ... agencies, interpreted by spokespersons for the Government and the financial community ... the information ...
    2007-09-02 07:41:00
  • Ohio taking a necessary stand against predatory lenders

    Mansfield News Journal - During the next year, 1 million American families will lose their homes to foreclosure. Job losses, health crises and investment downturns lie behind many of those foreclosures. But many also are the result of shady lending practices that snooker ...
    2007-09-04 03:04:00
  • The Orange County Register

    MSNBC - Her five grown children help pay the mortgage – $4,000 a month and scheduled to ... quickly escalate; prepayment penalties so large that homeowners cannot refinance ... 17,408 California homes were lost to foreclosure, according to DataQuick Information ...
    2007-09-02 10:23:00
  • Tokyo shares outlook - Higher after Bush unveils subprime bail-out ...

    Forbes - Bush unveiled a bail-out plan for the subprime mortgage sector. Bush's proposals ... rate mortgages that are resetting to higher monthly payments to refinance those ... The content on this site, including news, quotes, data and other information, is ...
    2007-09-02 05:04:00
  • Central bank likely to leave rates alone, investors look to key data ...

    Thunder Bay Chronicle-Journal - A key element of Bush’s plan would allow homeowners with good credit histories, but who cannot afford their mortgage payments, to refinance into mortgages insured by the Federal Housing Administration to keep from defaulting. While there was some ...
    2007-09-03 08:42:00
  • NEWS & INSIGHTS

    BusinessWeek - ... Countrywide Financial Corp. ( CFC ), is taking serious flak for the mammoth mortgage ... like so-called liar loans, which require little verification of borrower information. ... You could have a refinance boom going forward, and that would create one situation ...
    2007-09-03 09:49:00
  • Bush Tackles Subprime Mortgage Crisis

    AOL - ... elements of Bush's plan would allow homeowners with a good credit history, but who cannot afford their mortgage payments, to refinance ... The information contained in the AP news report may not be published, broadcast, rewritten or otherwise distributed ...
    2007-08-30 05:58:00
  • No quick action expected on mortgages

    Miami Herald - Want government help to get out of a bad subprime mortgage? Don't look for Congress to come to your rescue anytime soon. ... First and foremost, we need people on the ground to help innocent mortgagors, innocent homeowners refinance when they're on ...
    2007-09-03 10:51:00
  • Data sifters help lenders find folks with money woes

    Charlotte.com - Mortgage lenders who relied on deceptive advertising to ... at county and city courthouses, and amass loan information for companies that are trying to find consumers who are in bankruptcy, those with home loans and those looking to refinance homes
    2007-09-04 03:33:00
  • BBB warns homeowners about scams

    Citizen Tribune - Home mortgage foreclosure rates in many areas of the country are up, which also means scammers are out in droves. It ... They received information to refinance their home loan. It said they could get some of the interest they had already paid back.
    2007-09-04 08:33:00
  • Bush Hits Just Right Note in Facing Housing Mess: Kevin Hassett (Bloomberg.com)

    Sept. 4 (Bloomberg) -- President George W. Bush revealed last week his policy response to the mortgage crisis. His measured plan promises to help stabilize the markets without bailing out the investors and lenders whose profligacy created the problem in the first place.
    2007-09-04 03:22:38
  • If You Have an Adjustable Rate Mortgage, Why You Need to Refinance Now (Benton Evening News)

    (ARA) - When you signed up for that adjustable rate loan a few years back, it probably seemed like a deal too good to pass up. But fast forward to the present, and you're probably starting to get a little nervous.
    2007-09-02 02:21:14
  • Federal mortgage aid unlikely soon (The Globe Gazette)

    WASHINGTON (AP) — Want government help to get out of a bad subprime mortgage? Don’t look for Congress to come to your rescue anytime soon.
    2007-09-03 10:17:08
  • Congress considers options for mortgage troubles (The Salt Lake Tribune)

    Posted: 7:17 AM- WASHINGTON -- As mortgage-related turmoil weighs down the U.S. economy, members of Congress are considering a range of measures aimed at easing the current problems while also preventing such a crisis from recurring.
    2007-09-04 06:31:30
  • Subprime Mortgage Crisis Spreading to High-End Housing Market

    Yahoo Finance - Even for buyers who have plenty of cash or can easily afford higher mortgage rates, the sudden change in the financing environment reduces "the ardor to buy a house unless you have to," he adds. With numerous buyers and sellers sidelined, the higher ...
    2007-09-02 10:16:00