Mortgage and Financial News From 2008-2-23 Page 2

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  • Bill takes aim at mortgage crisis

    Connecticut Post - HARTFORD — State-chartered banks are not responsible for the subprime mortgage crisis that's threatening thousands of Connecticut homeowners with rising interest rates and possible foreclosure, lawmakers were told Thursday. Banking Commissioner ...
    2008-02-21 09:58:00

  • Housing crisis hits immigrants

    Daily News Transcript - The mortgage crisis has hurt people across the board, said real estate agent Argentina Arias, but new immigrants who bought homes with no down payment and adjustable rates have suffered greatly.
    2008-02-23 09:35:00

  • Major lenders give 30-day reprieve to those facing foreclosure

    Fort Lauderdale Sun-Sentinel - It represents a widening of an initiative announced by President Bush in December that offers a freeze on subprime mortgage rates that are scheduled to reset to sharply higher rates for borrowers who qualify for the assistance.
    2008-02-21 08:25:00

  • Fixed-rate mortgages take big jump

    Marketwatch - CHICAGO (MarketWatch) -- Fixed-rate mortgage rates leaped higher this week, nearly reaching levels seen at the beginning of the year, according to Freddie Mac's weekly survey, released Thursday. "In contrast, average rates on adjustable-rate ...
    2008-02-20 03:54:00

  • Mortgage Choice lifts profit

    The Australian - AUSTRALIA'S largest mortgage broker says there is no sign of a significant slowdown in lending or panic among borrowers despite rising interest rates. Mortgage Choice yesterday reported a 5 per cent rise in net profit to $10.6 million in the half ...
    2008-02-22 12:14:00

  • Brooksville: Housing slump slows city

    St. Petersburg Times - The slowdown in the housing industry, attributed in large part to the deterioration of the subprime mortgage industry and soaring foreclosure rates, can be seen here in the empty lots and unfulfilled promises of developments like the Cascades at ...
    2008-02-23 09:27:00

  • Mortgage lenders at risk of falling into credit-rating trap

    Guardian Unlimited - Banks will find it difficult to offer competitive mortgage rates if they have to spend more on their own borrowing, which could exacerbate the credit squeeze.
    2008-02-22 02:02:00

  • It may be time to reassess the foreclosure picture

    Boston Globe - A recent listing of mortgage foreclosure rates in 100 top areas drew a lot of attention. Released by RealtyTrac, a firm that compiles data on foreclosures, the listing showed the number of foreclosure filings in each city, the percentage of homes ...
    2008-02-23 09:35:00

  • The Wrong Questions About the Mortgage Market

    Washington Post - Frequently, mortgage rates are the topic at parties, and just about anywhere else, because many homeowners are desperate to know the opportune time to get out of the loans they won't be able to afford once their teaser rates expire.
    2008-02-23 07:40:00

  • Number of Palm Beach County homeowners facing foreclosure surges (Sun-Sentinel)

    Adjustable rates, subprime loans trap thousands The number of Palm Beach County homeowners facing foreclosure more than tripled in 2007, creating an economic plague that's spreading across low-income neighborhoods, middle-class developments and wealthy gated enclaves.
    2008-02-23 09:42:39

  • Housing issue proves prickly for candidates (Pittsburgh Post-Gazette)

    HIDALGO, Texas -- As they race between Ohio and Texas in advance of their March 4 primary showdown, Barack Obama and Hillary Rodham Clinton are squaring off over who has the answer to the nation's ...
    2008-02-23 09:48:11

  • Fed's rate cuts haven't eased cost of money for public, businesses (San Francisco Chronicle)

    So the Federal Reserve Board's interest rate cuts were supposed to make borrowing easier, right? If only that were so. Instead, jumbo mortgage rates are higher now than they were when the Fed began taking monetary action in September and have even shot up...
    2008-02-23 09:54:31

  • Fundamentals, indicators don't always add up (Bradenton Herald)

    Many market pundits speak of emotions, mainly fear and greed, driving the stock market up or down.
    2008-02-23 09:54:42

  • Slumping economy is on the minds of these voters (The Oxford Press)

    It's still the economy, stupid.
    2008-02-23 09:55:12

  • ANICO reports 11.9 percent dip in '07 profits (Galveston County Daily News)

    GALVESTON — American National Insurance Co. said Monday its 12-month profit dipped by 11.9 percent, dented by a decline in investment income.
    2008-02-23 09:57:18

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