Mortgage and Financial News From 2007-8-27 Page 12

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  • Interest rates hurt more than numbers (Lexington Herald-Leader)

    The walls are bare, the closets are empty, and Connie and Timothy Pent and their two teenage children are living out of boxes as they wait for a dreaded knock at the door of their three-bedroom house in Ocala, Fla. They've fallen behind in payments on their home loan, and their lender told them in July that foreclosure was imminent. "We thought we were fine," said Connie regretfully. "You never ...
    2007-08-27 07:06:27

  • 'Interest rates could come down in the second half' (rediff.com)

    Indian economy should perform in line with expectations
    2007-08-27 08:50:19

  • India business confidence down on rupee, rates-FICCI (Reuters via Yahoo! Asia News)

    NEW DELHI, Aug 27 (Reuters) - The rise in rupee and firm interest rates dented confidence of Indian businessmen during April-June and raised concerns on growth prospects for the months to come, a survey said.
    2007-08-27 09:59:48

  • Interest rates, strong rupee hit confidence further: Ficci (Business Standard India)

    The combination of rising rupee and successive hikes in interest rates impacted the confidence of Indian businesses in April-June, just like in the previous quarter, the Federation of Indian Chambers of Commerce and Industry’s (Ficci’s) latest Business Confidence Survey has found.
    2007-08-26 06:49:00

  • Rising Rupee, Interest Rates Hit Indian Biz In June Quarter (Nasdaq)

    (RTTNews) - Monday, As per the Federation of Indian Chambers of Commerce and Industry's latest businesses confidence survey, it was found that the mixture of rising rupee and successive increased in interest rates impacted confidence of Indian businesses in the June quarter, just like the previous quarter, the media reported.
    2007-08-27 11:32:13

  • Home slump hits revenues

    Baltimore Sun - Hampered by tightening mortgage credit, the home market "is likely to limp along for the next year and a half, which obviously will wreak havoc with the real estate taxes," he said. Recent sales figures appear to back him up. Sales of existing homes ...
    2007-08-27 10:57:00

  • Faces of the mortgage mess

    Cleveland Plain Dealer - Home has lost value in past two years. Now they can't afford to move. Monthly payment on adjustable-rate mortgage (subprime lender) jumping from $800 to $1,200. The week she was scheduled to close loan, lender went out of business. Imagine having a ...
    2007-08-25 12:58:00

  • How slump in Bay Area housing market affects buyers and sellers

    San Francisco Gate - ... reverberations of that inability can affect everything from commute times and apartment leases to the accumulation of wealth and the peace of mind surrounding homeownership. As these stories of Bay Area home sellers and home buyers show, the mortgage ...
    2007-08-27 08:48:00

  • Foreclosures get rise out of pols

    New York Daily News - Helen Rice-Lyles stands outside Staten Island home she risks losing because mortgage jumped. With New York City foreclosures rocketing up 80% since February, local pols are vowing to rescue struggling homeowners and to stand up to what they're ...
    2007-08-27 06:17:00

  • Experts don't see mortgage crisis here

    News-Democrat - Mortgage lender American Home Mortgage, which had an office in Fairview Heights, filed for bacnkruptcy protection earlier this month. Countrywide Financial Corp. faced a credit shortage earlier this month as mortgage defaults rose and capital markets ...
    2007-08-27 09:45:00

  • New site gives home buyers control over mortgages (NZPA via Yahoo!Xtra News)

    Home buyers can auction mortgage providers off against each other online on a new website instead of going cap-in-hand to lenders or mortgage brokers.
    2007-08-27 12:38:08

  • Analysts foresee more mortgage deals ahead for BofA (BizJournals)

    Ostensibly, Bank of America Corp.'s $2 billion equity investment in beleaguered mortgage giant Countrywide Financial Corp. is a move to help allay investor fears about the shaky home-mortgage business.
    2007-08-27 05:04:55

  • How the mortgage meltdown affects you (Lansing State Journal)

    It has been an eventful few weeks for the mortgage industry, and it's easy to see why more than a few consumers watching at home could be confused.
    2007-08-27 08:21:56

  • Tough Times Are Still Ahead for U.S. Home Market: John F. Wasik (Bloomberg.com)

    Aug. 27 (Bloomberg) -- If you think the worst is over for the U.S. home market, hold on to your hats. The credit crunch is not only making mortgage financing tougher, it will force more homeowners into foreclosure. The surge of more bargain homes on the market will further depress prices.
    2007-08-27 07:43:24

  • Five big mistakes mortgage seekers make (Market Watch)

    NEW YORK (MarketWatch) -- With housing prices leveling off in many parts of the country, it's a good time for qualified buyers to shop around for a new home. But Bankrate.com Editor Elizabeth Razzi warns there are five pitfalls to avoid when trying to secure a mortgage:
    2007-08-27 04:20:49

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