Mortgage and Financial News From 2008-2-17 Page 13

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  • Declining values, defaults, foreclosures catch many local residents by surprise (Ventura County Star)

    Sitting in his bare kitchen surrounded by boxes of financial records, John Bailey looked as if he couldn't believe what was in front of him. "I never thought this would happen to me," Bailey said last month as he looked at the stack of paper that told the story of how he lost his home.
    2008-02-17 12:08:28

  • Get out of foreclosure with help from the experts (KOTA Rapid City)

    Homeowner counselors say more than half of homeowners facing foreclosure, don't ask for help in time, or at all.  But, after being late on only one mortgage payment, it becomes almost impossible to refinance.  So, it's crucial to seek help as soon as possible.
    2008-02-17 06:54:34

  • Bill Clinton Campaigns for Wife in Ohio

    FOX News - ... many of Ohio's problems. The metropolitan areas of Cleveland, Akron, Dayton and Toledo ranked among the 20 areas with the highest foreclosure rates in the nation last year, according to a study released last week by RealtyTrac Inc., a mortgage ...
    2008-02-17 11:33:00

  • Special: Mortgage News

    Colleyville Courier - Great Mortgage Rates in Magazine Get 4 refinance mortgage offers from Magazine brokers. http://www.ReallyGreatRate.com/ Mortgage News 5 Top mortgage news Links Find mortgage news Now. http://MortgageInfo.RealtorEstate.net/ Personalized Mortgage Newsletter ...
    2008-02-17 06:47:00

  • Attractive mortgage rates may not last

    Grand Rapids Press - That was a while back. Then, rising interest rates and an imploding housing market took the fun out of it. But the subject is fashionable again. Rates are dropping enough to be tempting, particularly for people with adjustable rate mortgages due to ...
    2008-02-16 10:54:00

  • 30-year mortgages rise

    HometownAnnapolis.com - WASHINGTON, D.C. (AP) - Rates on 30-year mortgages rose to the highest level in five weeks but still remained below the 6 percent level. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 5.72 percent ...
    2008-02-17 06:47:00

  • Sen. McCain says Fed should have cut rates earlier

    Reuters - Amid economic data pointing to a possible U.S. recession and turmoil in credit markets stemming from a mortgage finance crisis, the Fed reduced interest rates twice in late January. "I guess I would have to say I would have liked to have seen faster ...
    2008-02-17 11:05:00

  • Authority lowers mortgage rates for first-time homebuyers

    Rapid City Journal - PIERRE, S.D. - First-time home buyers who borrow through the South Dakota Housing Development Authority now have access to lower interest rates. Anti-abortion group suing Rapid City school district (195) Horse-slaughter bill outcry keeps it alive ...
    2008-02-17 07:37:00

  • Q&A: what now for Northern Rock? - Times Online

    Q&A: what now for Northern Rock?Times Online, UK - 2 hours agoThe Treasury won’t be bussing coach-loads of officials up to Northern Rock’s headquarters in Newcastle upon Tyne to take over the running of the mortgage ...
    2008-02-17 08:57:31

  • Bernanke's State of the US Economy Speech: "You are all Dead Ducks!" - The Market Oracle

    Bernanke's State of the US Economy Speech: "You are all Dead Ducks!"The Market Oracle, UK - 2 hours agoThe virtual shutdown of the subprime mortgage market and a widening of spreads on jumbo mortgage loans have further reduced the demand for housing, ...
    2008-02-17 09:11:34

  • Stock markets challenged to hold onto recent gains on buildup of ... - CBC News

    Stock markets challenged to hold onto recent gains on buildup of ...CBC News, Canada - 2 hours ago"All we're seeing so far is refinancing activity on the mortgage side, mortgage applications are perking up on the back of refinancing activity so you're ...
    2008-02-17 09:16:41

  • Task force looks for way to keep ownership local - San Diego Union Tribune

    Task force looks for way to keep ownership localSan Diego Union Tribune, United States - 2 hours agoBy Emmet Pierce Eddie Price of Valencia Park has learned that you don't have to default on your mortgage to feel the impact of home foreclosures. ...
    2008-02-17 09:37:32

  • Plundering super to pay the mortgage - NEWS.com.au

    Plundering super to pay the mortgageNEWS.com.au, Australia - 2 hours agoBy Kate Adamson DESPERATE Australians are draining their super nest eggs to fend off mortgage foreclosures in record numbers. As continuing interest rate ...
    2008-02-17 09:48:00

  • Oregon’shomeowners need lawmakers’ help - The Register-Guard

    Oregon’shomeowners need lawmakers’ helpThe Register-Guard, OR - 1 hour agoMore than 15000 Oregon families will soon experience skyrocketing monthly mortgage payments as the introductory “teaser” rates on their subprime mortgages ...
    2008-02-17 10:11:11

  • Mortgage crisis - Kansas City Star

    Mortgage crisisKansas City Star, MO - 1 hour agoYou also have a credit rating system that is often erroneous and can not even be explained as to how it "rates" credit. The real big problem are piece of ...
    2008-02-17 10:21:18

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