Mortgage and Financial News From 2007-9-26 Page 7

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  • Reader comments: Voucher 'threat' sparks debate

    Deseret News - ... system here despite its lack of full-funding achieves some of the highest rates ... I know of one senator for sure and given the comments of David Clark I’d mortgage ... Then we could really analyze and compare the merits, as well as the response of ...
    2007-09-24 05:57:00

  • FTSE seen opening up

    MSN UK News - ... higher after more weak U.S. economic data boosted expectations the Federal Reserve will cut interest rates again next month. Troubled mortgage ... How much do know about Britain's current Prime Minister? Test your knowledge and see how you compare to ...
    2007-09-25 11:46:00

  • Barratt house sales dip

    MSN UK News - ... year had hit reservation levels but added the group was cautiously optimistic as it expects the mortgage market to return to normal and rates ... How much do know about Britain's current Prime Minister? Test your knowledge and see how you compare to ...
    2007-09-26 01:26:00

  • Small Investors Gain an Edge In Properties

    Wall Street Journal - Rentometer.com gives apartment landlords (and renters) the chance to compare the rent for a particular unit ... outcome of purchasing and renting an investment property based on data such as purchase price and mortgage terms, monthly rental rates ...
    2007-09-26 07:34:00

  • 10 Questions to Ask Your Mortgage Lender

    Best Syndication - The goal of any home mortgage is to get the lowest interest rate. But if this isn't possible in the current market, you might want to choose a loan that has a variable interest rate, keeping you available to lock in the lowest interest rate once it ...
    2007-09-26 12:04:00

  • Schumer: Investigate American Home's bounced checks

    Newsday - U.S. Senator Charles Schumer (D-NY) has joined the call for a probe into Melville-based American Home Mortgage's nationwide distribution of property tax checks that ended up bouncing, his office announced today. In a news release, Schumer called on ...
    2007-09-25 11:50:00

  • House panel OKs mortgage forgiveness bill

    CNN Money - The bill is backed by the National Association of Home Builders, the Mortgage Bankers Association, and the National Association of Realtors. Michael Desmond, tax counsel for the Treasury Department, said that while the Bush Administration differed ...
    2007-09-26 01:01:00

  • Home Builders Get Knocked Down

    Forbes - The home-building industry has been hammered by fallout from the subprime-mortgage credit meltdown over the summer. U.S. housing starts fell 2.6% in August and 6.9% in July. Sales of single-family homes dropped 3.9% in July. A tightening credit ...
    2007-09-26 05:54:00

  • Home loan pain may hurt John Howard

    News.com.au - A number of borrowers, or 13 per cent, though that their mortgage was worth more than their home. Australians have been slapped with nine interest rate rises in the last five years and home loan interest rates sit at a 10-year-plus high. Mortgage ...
    2007-09-26 06:59:00

  • U.S. House panel backs tax relief on mortgage debt

    Reuters - The legislation was prompted by the subprime mortgage crisis that has left a growing number of home buyers unable to pay rising interest costs on loans. To cover the the roughly $2 billion 10-year cost of the bill, the committee agreed to tighten ...
    2007-09-26 02:55:00

  • Late Payments Rise on U.S. Home Equity Credit Lines

    CNBC - Worldwide credit markets have been shaken in recent months by a sharp rise in U.S. home mortgage delinquencies involving subprime, or less credit-worthy, borrowers. In some cases, subprime loans made a year or more ago are resetting at significantly ...
    2007-09-26 06:06:00

  • Troubled home builders turn to layoffs

    Boston Globe - NEW YORK -- Bloated home builders are desperate to unload houses. And employees. Lennar Corp. became the latest to downsize, revealing Tuesday that it has slashed 35 percent its work force amid the national mortgage crisis. "We expect more to come ...
    2007-09-26 03:31:00

  • First Northern launches rural mortgage program

    MSN MoneyCentral - First Northern Bank is starting a country home mortgage program for rural home or small working farm financing. Dixon-based First Northern (OTCBB: FNRN) said the program is aimed at homes with too much agricultural usage or acreage to go through ...
    2007-09-26 11:21:00

  • More downgrades for American Home Mortgage

    Newsday - Another set of securities backed by American Home Mortgage loans was been downgraded yesterday -- the day after bids for the mortgages, which are being liquidated in bankruptcy court, were due. Moody's Investors Service downgraded $138 million in ...
    2007-09-26 01:51:00

  • Troubled Home Builders Turn to Layoffs (AP via Yahoo! Finance)

    Bloated home builders are desperate to unload houses. And employees. Lennar Corp. became the latest to downsize, revealing Tuesday that it has slashed 35 percent its work force amid the national mortgage crisis.
    2007-09-26 02:29:01

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