Mortgage and Financial News From 2008-3-11 Page 18

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  • Beward of rolling short-term money woes into mortage

    News.com.au - Hidden debt consolidation is contributing to ballooning average home loans and mortgage stress, with some ... That's when we're going to see people in the mortgage belt really feel the impact of higher interest rates, multiple personal credit accounts ...
    2008-03-09 06:53:00
  • U.K. Housing Market Slump Becomes Worst Since 1990 (Update1)

    Bloomberg - ... Northern Ireland, where a net 95 percent of respondents reported a drop in home ... They lowered the cost of a mortgage in January by less than half of the previous ... RICS's Rubinsohn also said that the bank should pause before cutting rates further ...
    2008-03-11 03:02:00
  • Many ideas, but few are helping fix mortgages

    San Diego Union-Tribune - ... that mortgage rates will ... mortgage rates went in opposite directions. It's been terrible,” said Mark Goldman, mortgage consultant with Windsor Capital Mortgage Corp. Cutting the principal. Bernanke said last week that before foreclosing on a home ...
    2008-03-09 07:00:00
  • Awaiting rescue

    San Diego Union-Tribune - ... need to refinance adjustable-rate loans before their monthly mortgage payments increase. Loans below the conforming limit carry lower interest rates and better terms than the larger “jumbo” loans that were used by about 55 percent of local home ...
    2008-03-09 04:02:00
  • Prices rise, options decline

    Chicago Tribune - ... but they often came with incentives, such as a month's free rent or reduced rates. ... Locally, the British Home Community in west suburban Brookfield opened an ... Interest-rate increases can drive up mortgage payments.
    2008-03-11 12:39:00
  • ANZ, St George lift rates

    Australian Broadcasting Corp. - ANZ and St George are the last to move, both increasing their variable home loan rates by 0.35 of a per cent to 9.37 per cent. ... The banks say the funds they lend to customers have become scarcer and more expensive, because the subprime mortgage ...
    2008-03-10 10:44:00
  • Crude oil soars, stocks sink

    Seattle Times - ... many investors about whether the Federal Reserve might hesitate to lower key rates ... Meanwhile, mortgage lenders dropped after Thornburg Mortgage was downgraded by a ... downgraded a batch of Bear securities backed by Alt-A mortgages, which are home ...
    2008-03-11 12:03:00
  • Two new tax breaks help homeowners struggling with their mortgage ...

    Lubbock Avalanche-Journal - ... on the loan - a very real prospect last year for homeowners who took out adjustable mortgages with low teaser rates that ... Further details are in IRS Publication 936, "Home Mortgage Interest Deduction.
    2008-03-11 01:43:00
  • ANZ, St George raise home loan rates

    West Online - It matches a 35 basis point rise in standard variable mortgage rates announced Monday by Commonwealth Bank of Australia Ltd. From Wednesday, ANZ standard variable rate home loans will attract a 9.37 per cent annual rate.
    2008-03-10 11:49:00
  • Mortgage mess becomes prime territory for law firms

    Chicago Tribune - The collapse of the subprime-mortgage market has turned into a legal free-for-all not ... Brokers, lenders, appraisers, home builders, bond underwriters, bond insurers and ... Even cities with high foreclosure rates want someone to blame.
    2008-03-10 11:56:00
  • German Investor Confidence Unexpectedly Rose in March (Update1)

    Bloomberg - Rising U.S. mortgage defaults pushed up borrowing costs globally last year, threatening investment and causing about $188 ... Lower U.S. interest rates relative to Europe have helped drive the euro to a record against the dollar, threatening to curb ...
    2008-03-11 03:09:00
  • How federal fund and mortgage rates differ

    Union - The immediate impact of a fed "target rate" or fed funds rate reduction will be lower rates on credit card debt, auto/boat loans and home equity loans. The Federal Reserve does not determine mortgage rates - the Bond Market does in most cases.
    2008-03-10 11:56:00
  • U.K. Housing Market Slump Becomes Worst Since 1990 (Update1) (Bloomberg.com)

    March 11 (Bloomberg) -- The U.K. housing slump deepened in February, becoming the worst since the eve of the nation's last recession in 1990, a survey of real-estate professionals showed.
    2008-03-11 02:32:16
  • Boeing to formally protest tanker contract (Louisville Courier-Journal)

    Boeing Co. said yesterday it will formally protest a $35 billion Air Force contract awarded to Airbus parent European Aeronautic Defence and Space Co. and Northrop Grumman.
    2008-03-11 02:53:32
  • Pittsburgh offers home foreclosure help (Pittsburgh Tribune-Review)

    Pittsburgh residents facing foreclosure can get help by calling 311.
    2008-03-11 02:58:34