Mortgage and Financial News From 2007-8-27 Page 13

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• As U.S. housing market melts down, W.Va. bucks trend

  Charleston Daily Mail - Even with the low number of foreclosures and more favorable mortgage rates, a variety of economic factors are making it difficult for West Virginians to pay their mortgages, according to a credit counselor. Jackie Goff of the Consumer Credit ...
  2007-08-27 09:59:00

• Five big mortgage mistakes

  Marketwatch - 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 ...
  2007-08-27 07:43:00

• Big mortgage companies still flooding airwaves with ads pushing ...

  Empire State News - Subprime loans, made to borrowers with poor and nontraditional credit histories, have wreaked havoc in the mortgage market as higher interest rates have led to rising defaults and delinquencies among borrowers. The senator also discussed his ...
  2007-08-27 07:07:00

• Central banks to the rescue! (If they can)

  International Herald Tribune - Delinquency rates have further to rise, and subprime mortgage-backed assets will likely fall further." The world's major central banks face four challenges as they strive to prevent the global financial system from unraveling and growth from stagnating
  2007-08-27 10:35:00

• Ailing lender jacks up CD yield in bid to raise money

  New York Daily News - Countrywide Financial's mortgage mess could put more money in your pocket. The troubled mortgage lender, which got a bailout from Bank of America last week, is offering substantially higher certificate of deposit rates, part of an effort to raise ...
  2007-08-27 06:10:00

• Mortgage lenders sweeten the rates on CDs, accounts

  Reading Eagle - You may not be able to get a mortgage from Countrywide Financial Corp., but the troubled lender — the nation’s largest seller of home mortgages — will pay you substantially higher rates than many other banks on savings accounts and certificates ...
  2007-08-27 05:34:00

• Mortgage News

  Colleyville Courier - Low mortgage rates from America's leading lenders. Increase loan production by regularly touching past borrowers, new clients, Realtors and financial professionals with newsletters that help increase repeat and referral business. Who has the time to ...
  2007-08-27 03:26:00

• Feeling mortgage squeeze

  New York Daily News - Brenner, who works in Brooklyn and Manhattan as a loan officer at brokerage Preferred Empire Mortgage, recently heard from a big bank that it will no longer allow jumbo mortgage borrowers to buy extensions on rates they locked in. That meant a two ...
  2007-08-27 06:10:00

• Mortgage Crunch Impact Spreading (WCVB Boston)

  As home prices decline and interest rates climb, the cracks in the housing market's foundation are widening.
  2007-08-27 09:48:18

• LET'S HEAR IT FOR THE OARS

  Daily Express - Except we are not talking about 16 and 17 year-olds. Reverse those digits because we're talking about OARs - Old Age Rebels ... Old Age Rebels may well have lived through financiallystraitened times, usually managing on one income, but with mortgages ...
  2007-08-24 12:59:00

• Now that the party is over

  The Australian - In recent months, many of these trends have gone into reverse. Investors who previously snapped up private equity loans are ... investors ultimately to realise that the real credit problems have been confined almost entirely to US sub-prime mortgages and ...
  2007-08-25 10:45:00

• U.S. crisis underscores global links

  Buffalo News - Combine that with a strong global appetite in recent years for investments based on U.S. mortgages bundled together, and a ... year after he is beaten Loaded gun found in car stopped for no tail lights Former state employee wins $150,000 in reverse ...
  2007-08-24 12:59:00

• The Spokesman-Review

  Blackenterprise.com - Realtors learn about differences in senior housing, the ins and outs of reverse mortgages and how to use pensions, 401(k) accounts, and IRAs in real estate transactions. Classes also cover how to recognize and protect clients from mortgage finance ...
  2007-08-26 01:07:00

• White: It is possible to save for retirement

  Bryan-College Station Eagle - Finally, if you are a homeowner with low or no outstanding mortgage debt, you might have the option of borrowing against equity without having to repay the debt while occupying the home. For more information about reverse mortgages, schedule an ...
  2007-08-26 01:28:00

• Big banks begin to find favour

  MSNBC - ... household borrowing as brokerage firms, hedge funds and private equity groups used funding from the capital markets to get into traditional banking businesses, such as mortgages and corporate loans. That trend could now be about to reverse. Henry ...
  2007-08-27 05:34:00

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