Mortgage and Financial News From 2008-2-26 Page 21
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Economic Opportunity Mortgage Gives Lower-Income Borrowers Terms That ...
MSN MoneyCentral - ... have been able to buy homes without facing the risks of a subprime mortgage ... problem making their payments down the road, this may be a great way to refinance ... The company's Web site is located at www.unionbank.com. Contact Information: Union ...
2008-02-25 09:15:00 -
S. Fla. Homeowners Save Money With Loan Modification (NBC 6 Miami)
Experts say loan modification instead of refinancing can save South Florida homeowners hundreds of dollars.
2008-02-25 08:00:25 -
Lender Analysis: Data Show Prolonged Local Real Estate Slump (The Memphis Daily News)
Both commercial and residential mortgage lending fell in January from the same month last year, signaling a prolonged real estate slump for Shelby ....
2008-02-25 10:12:35 -
Frank, regional organizations aim to help homeowners (The Standard-Times)
As the housing market continues to sink, Congress and a SouthCoast regional organization are trying to help at least some homeowners to keep from drowning along with it.
2008-02-25 10:30:10 -
NJ Mortgage and Refinance Company Achieves Double Digit Growth in Challenging 2007 Market (PRWeb via Yahoo! News)
NJ mortgage and refinance company helps first-time home buyers and experienced home owners improve their financial situation with competitive rates, fast approvals and closings, adjustable rate loans, reverse mortgages, and many other flexible loan products to meet buyers' individual needs.
2008-02-25 11:01:00 -
January foreclosures up 57%
CNN Money - Current Mortgage Rates ... NEW YORK (CNNMoney.com) -- If there's one thing to count on these days, it's that every month the foreclosure crisis ...
2008-02-26 01:57:00 -
US January foreclosures up 57 pct in year - report
Reuters - Mortgage companies and counselors, endorsed by the U.S. Treasury, are modifying many high-risk mortgages, aiming to improve ... Nevada, California and Florida posted the highest foreclosure rates in January.
2008-02-26 01:57:00 -
More US CMBS upgrades seen in 2008 despite economic hurdles - Moody's
CNBC - BANGALORE (Thomson Financial) - Moody's Investors Service said US commercial mortgage-backed securities (CMBS) should see more ... Moody's said it expects delinquency rates to rise to 1-2 pct in 2008 from historical level of 0.50 pct.
2008-02-25 10:08:00 -
Persimmon Profit Steady After Trimming Costs to Offset Slowdown
Bloomberg - Banks lowered interest rates on the most popular mortgages in January by less than half of the central bank's cut the previous month. Mortgage approvals fell by almost a third in January from a year earlier, the British Bankers' Association said today
2008-02-26 01:28:00 -
Bargain hunters may toss a lifeline to housing
China Daily - Still, demand is stirring as sellers grow desperate to off-load properties. Fixed mortgage rates are low, and some home prices are looking too attractive to pass up.
2008-02-25 11:12:00 -
Fewer South Bay sales skew median home price
Daily Breeze - If you're looking to (buy and keep a home only) for the next two to three years, then sit on the sidelines," James said. "If you're going to stay in for at least five years, then jump in and get it over with, especially with these mortgage rates.
2008-02-26 01:00:00 -
Price cuts rouse housing market
Herald Tribune - There is some relief in that fixed mortgage rates are lower than they have been for quite a while, so affordability is better than it has been," said West Palm Beach economist David Levin.
2008-02-26 01:21:00 -
Bargain hunters may toss a lifeline to US housing
Turkish Daily News - Fixed mortgage rates are low, and some home prices are looking too attractive to pass up. Bidders are emerging for foreclosed homes and for so-called "short sales" at sharply reduced prices, real-estate agents said.
2008-02-26 12:45:00 -
In the deep freeze
Chicago Sun-Times - It's been a challenging winter market given the severe snow and cold, but looking ahead to the spring market, some positives to point to are low mortgage interest rates, with 30-year fixed rates hovering around 6 percent, plus a large selection of ...
2008-02-26 01:50:00 -
States May Seek Congress's Aid as Subprime Fallout Boosts Costs
Bloomberg - ... how state and local governments are being affected by the reduction in credit created by rising mortgage defaults and bond insurer downgrades. The $330 billion auction-rate securities market has been hardest hit, leaving borrowers paying rates of ...
2008-02-26 12:24:00