Mortgage and Financial News From 2008-2-10 Page 46

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  • Economic stimulus package clears Congress, awaits signing - Ventura County Star

    Economic stimulus package clears Congress, awaits signingVentura County Star, CA - 3 hours agoThe housing part of the package, which would make it easier for people to secure and refinance large home loans in expensive markets, could have a strong ...
    2008-02-10 12:23:03
  • Profit motives helped drive marketing of subprime loans to excess - Belleville News Democrat

    Profit motives helped drive marketing of subprime loans to excessBelleville News Democrat,  USA - 2 hours agoFor buyers who cannot qualify or need to refinance a mortgage on a home that has decreased in value, the consequences are indeed bleak. ...
    2008-02-10 01:02:44
  • Pitfalls of payday loans - Toronto Sun

    Pitfalls of payday loansToronto Sun,  Canada - 2 hours agoShe also wants housing refinance agencies, like Ocwen Financial, to help tens of thousands of families refinance unworkable mortgages and avoid foreclosures ...
    2008-02-10 01:24:33
  • New tax law helps subprime customers - Montgomery Advertiser

    New tax law helps subprime customersMontgomery Advertiser, AL - 1 hour agoDebt used to refinance qualifying debt is also eligible for the exclusion, but only up to the amount of the old mortgage principal, just before the ...
    2008-02-10 02:01:39
  • Rich Perlberg: Benefit reforms may save a billion - Livingston Daily

    Rich Perlberg: Benefit reforms may save a billionLivingston Daily, MI - 1 hour agoOn top of that, the state can take advantage of lowered interest rates to refinance bonds so that even more new revenue will be produced thanks to lower ...
    2008-02-10 02:05:18
  • Bay Area helped by new loan limits - Contra Costa Times

    Bay Area helped by new loan limitsContra Costa Times, CA - 48 minutes agoHomeowners with nonconforming, or jumbo, loans also could benefit because they could refinance into a new conforming loan. Q: Why is this proposal important ...
    2008-02-10 03:12:04
  • Borrowers less open to ARMs - Contra Costa Times

    Borrowers less open to ARMsContra Costa Times, CA - 48 minutes ago... share since June 2003, when interest rates on fixed-rate loans were near a 45-year low and refinance activity was near a peak, according to Freddie Mac. ...
    2008-02-10 03:12:04
  • Maybe now's the time to refinance - Columbus Dispatch

    Maybe now's the time to refinanceColumbus Dispatch, OH - 44 minutes agoBy Tracy Turner With mortgage rates dipping to their lowest level in years, many homeowners are thinking the same thing: Is it time to refinance? ...
    2008-02-10 03:15:36
  • Don't be taken in by teaser mortgage rates (Stamford Advocate)

    You've seen them - those ads that promise introductory lower-than-market mortgage loans, credit card loans, and higher-than-market introductory interest on savings accounts. Stay away from them. These ticking time bombs are nothing but trouble and perhaps should be made illegal.
    2008-02-10 02:30:46
  • Two new tax breaks help with mortgage payments (Seattle Times)

    In a time of bad mortgage news, there's a bright spot or two for homeowners: Foreclosure comes with a tax break, and 2007 mortgage-insurance...
    2008-02-10 02:33:44
  • The week: Stories and photos from February 3-9 (San Diego Union-Tribune)

    The state Coastal Commission late Wednesday crippled a plan for a toll road that would cut across a habitat reserve in Orange County and San Onofre State Beach next to Camp Pendleton.
    2008-02-10 02:46:13
  • Maybe now's the time to refinance (The Columbus Dispatch)

    With mortgage rates dipping to their lowest level in years, many homeowners are thinking the same thing: Is it time to refinance?
    2008-02-10 03:25:45
  • Profit motives helped drive marketing of subprime loans to excess (Belleville News-Democrat)

    Q. I have read a great deal about the problems on Wall Street associated with the subprime mortgage losses. Doesn't the investment community recognize the high risk associated with subprime loans? Aren't subprime mortgages loans for homebuyers that have very poor credit and are high risk borrowers?
    2008-02-10 03:34:32
  • How to Win in Today's Housing Market (Benton Evening News)

    (ARA) - For all the dire news coming out of the housing market, there's a big, shiny silver lining waiting for many homeowners and home buyers. The Federal Reserve has repeatedly dropped interest rates in the past month - good news for anyone seeking a mortgage.
    2008-02-10 03:51:20
  • Palo Alto pastor races the foreclosure clock

    Palo Alto Online - ... Fono from trying to raise the $55,000 he needs to cover overdue payments and give the congregation time to refinance the mortgage ... For additional information or to help, contact Salesi Fono at s-fono@sbcglobal.net,856-6717, or 886 Loma Verde Ave ...
    2008-02-07 03:56:00