Mortgage and Financial News From 2008-2-10 Page 41

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  • G7 tip $450bn in write-offs from subprime crisis - The Age

    G7 tip $450bn in write-offs from subprime crisisThe Age, Australia - 10 minutes agoFINANCIAL institutions around the world face $US400 billion ($A450 billion) in write-offs as a consequence of the US subprime mortgage crisis, according to ...
    2008-02-10 05:20:00

  • New this week - Santa Cruz Sentinel

    New this weekSanta Cruz Sentinel, CA - 10 minutes agoParticipants receive free one-on-one counseling with business consultants, and information concerning SBA and other loans. Cost: $30 per person. ...
    2008-02-10 05:20:18

  • Buyers crippled by 'liar loans' - Sydney Morning Herald

    Buyers crippled by 'liar loans'Sydney Morning Herald, Australia - 9 minutes agoThat included only borrowers identifying themselves as investors and not residents, who get lower mortgage rates. Wealthy people have used the loan for its ...
    2008-02-10 05:20:57

  • Japan's lost decade a lesson as American economy falters - The Age

    Japan's lost decade a lesson as American economy faltersThe Age, Australia - 8 minutes ago... warned that the $US100 billion in bad loans reported by banks could increase nearly tenfold, as the defaults spread beyond the subprime mortgage loans ...
    2008-02-10 05:21:43

  • Peter Boutell, Lending a Hand: Decision 2008: Fixed rate or ... - Santa Cruz Sentinel

    Peter Boutell, Lending a Hand: Decision 2008: Fixed rate or ...Santa Cruz Sentinel, CA - 6 minutes agoWith rates on this mortgage between 5.5 and 5.75 percent for loan amounts at or under $417000 and rates just above 6 percent for larger loans, ...
    2008-02-10 05:24:22

  • Realtors: It's a first-time home buyer's market (Eagle-Tribune Online)

    CHELMSFORD — The housing market was tough in 2007, but not as bad as everyone thinks.
    2008-02-10 03:54:57

  • Law firms follow money in credit mess (Crain's New York Business)

    With millions at stake, hundreds assigned to bolster subprime practices
    2008-02-10 04:05:19

  • Members of DFCU receive dividends (Garden City Observer)

    More than 1,600 Garden City residents were among some 125,000 members of DFCU Financial received between $50 to more than $10,000 in a special dividend distributed by the credit union.
    2008-02-10 04:05:43

  • Behind the headlines (The Charlotte Observer)

    Confused about the deluge of housing stats? From home prices to building permits, these indexes and reports are big news as the nation wrestles with financial fallout from the mortgage mess. The numbers have been punishing stocks, zinging your 401(k) and other investments. They affect decisions to hire or cut jobs. They're the numbers that help show why two Charlotte high-rises are on hold. They ...
    2008-02-10 04:24:34

  • For sale, for less (Baltimore Sun)

    The broadening housing slump brought down prices in more Baltimore-area communities last year, hitting the most expensive counties hardest Half the communities in the Baltimore metro area saw average home sale prices decline last year as the housing slump deepened.
    2008-02-10 04:41:28

  • RegionalOne holds rise back (The Courier)

    BALLARAT'S non-bank lender RegionalOne Credit Union builds predicted rate rises into its home loan application process. RegionalOne chief executive officer Tom Fidler said the plan ensured home owners were not living "right on the borderline" after interest rate hikes.
    2008-02-10 04:54:51

  • Housing woes put kibosh on remodeling (Honolulu Advertiser)

    As more people struggle to pay their mortgage and fewer take out home-equity loans, many homeowners have cut back their spending on remodeling kitchens, replacing windows and other improvement projects.
    2008-02-10 05:07:56

  • Local economy improved in fourth quarter

    Waterloo Cedar-Falls Courier - With the (mortgage) interest rates, the economy's still good, the employment is still good, there's just a lot of positive things. ... dip during the fourth quarter, but the 3.6 percent average unemployment rate for the quarter was the second-lowest ...
    2008-02-10 04:11:00

  • Mortgage picture looks both better and worse nationwide

    MLive.com - The nation is in the middle of a Mortgage Mess, in capital letters, and at the same time, interest rates are at four-year lows, in the mid-5 ... as possible in expensive housing markets such as Massachusetts enjoy the lowest possible interest rates ...
    2008-02-09 09:08:00

  • Increasingly, pets become the other mortgage-crisis victims

    Louisville Courier-Journal - Increasingly, pets become the other mortgage-crisis victims Fleeing foreclosures, some ... Stockton and Modesto have some of the nation's highest foreclosure rates. ... Home sales are plunging to their lowest level in decades, and new homeowners are ...
    2008-02-10 02:45:00

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