Mortgage and Financial News From 2008-2-10 Page 47

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  • Homeowners should consider refinancing as rates edge toward lowest ...

    Naples Daily News - For instance, it might cost $4,000 to refinance a $250,000 mortgage. If your monthly payments dropped by $80 with your new rate, it ... Request all information — all costs and fees — in writing. Ask questions if you don’t understand. When you ...
    2008-02-09 09:51:00

  • Staggering foreclosure rates could affect county for 2-5 years

    Oakland Press - ... information hidden in the small print. My rate is scheduled to increase every few months until it caps at 20 percent." Since then, Gilbert has been trying to refinance with other lenders and is hoping to work something out with her current mortgage ...
    2008-02-10 01:47:00

  • Others played role in scheme

    Courier News - ... was the ringleader of a team of people working together who pulled off a mortgage ... thousands of dollars selling Social Security numbers and other personal information ... And he was supposed to make the payments for six months and then refinance. Well ...
    2008-02-10 02:02:00

  • The domino effect - Fresno Bee (subscription)

    The domino effectFresno Bee (subscription), CA - 3 hours agoBut when home values dropped off in the last year, residents weren't able to refinance and eventually had to move out.
    2008-02-09 11:10:13

  • GATHERING THE DATA Next week: The 2008 Tax Guide. - MiamiHerald.com

    GATHERING THE DATA Next week: The 2008 Tax Guide.MiamiHerald.com, FL - 2 hours agoForm 1098 showing 2007 home mortgage interest and points, as well as mortgage insurance premiums on home acquisition debt that was new or refinanced in 2007 ...
    2008-02-10 12:06:54

  • Others played role in scheme - The Courier News

    Others played role in schemeThe Courier News, IL - 36 minutes ago"And he was supposed to make the payments for six months and then refinance. Well, him and his wife were both illegal aliens and would never, ...
    2008-02-10 02:10:33

  • The domino effect (The Fresno Bee)

    Fresno's most vulnerable neighborhoods have been hit hardest by the mortgage crisis, a Bee analysis of housing data shows. Already there are signs that a torrent of foreclosures could trigger more crime and decay in the city's struggling core.
    2008-02-09 11:17:22

  • Foreclosure counselors swamped by people in crisis (The Press-Enterprise)

    Lisa Jarman doesn't need to scan the latest headlines to know the consequences of the brutal housing crisis. Jarman, a counselor for the Fair Housing Council of Riverside County, assists teary-eyed homeowners desperate to stave off foreclosure.
    2008-02-10 12:15:25

  • Good credit best way to score new house (The Columbus Dispatch)

    It's an amazing time to be in the market for a mortgage if ...
    2008-02-10 12:56:54

  • Others played role in scheme (The Courier News)

    ELGIN -- Local loan officer Luis Uribe was the ringleader of a team of people working together who pulled off a mortgage fraud scheme that involved at least 20 area homes, phony buyers and fraudulent loans worth more than $3.8 million, according to federal officials and court documents.
    2008-02-10 02:20:49

  • Refinancing window may soon narrow

    Omaha World-Herald - Low mortgage rates are a bright spot in today's murky economic picture, potentially cutting monthly payments for thousands of Midlands homeowners. But not everyone is eligible to take full advantage of rates that have fallen below 6 percent. A small ...
    2008-02-09 05:19:00

  • Republicans losing grip on Miami Cuban vote?

    Boston Globe - Its sinking economy, sky-high insurance rates, health care and mortgage foreclosures are now of more concern to most voters, including a generation of younger Cuban Americans, than democratic reforms in Cuba, analysts say. 'FOREIGN VERSUS DOMESTIC ...
    2008-02-10 12:07:00

  • 'For sale' signs create roadblocks for refinancing homes

    News-Democrat - Great mortgage rates also have presented some would-be sellers with the opportunity to lighten their payment load by refinancing. But it's typical for ex-sellers to have to wait three to 12 months after taking their homes off the market to refinance ...
    2008-02-10 12:00:00

  • Subset of ARMs set to 'detonate'

    Arizona Daily Star - Once these borrowers' loan balances reach a pre-set limit, usually 110 percent to 120 percent of the mortgage amount, their payment rates immediately increase. They also automatically shoot up after five years. Otherwise, increases typically are ...
    2008-02-09 10:56:00

  • Home is where the heart is

    San Francisco Gate - Here was a chance to revisit the American dream, unencumbered by mortgage rates and median prices. This year, 3,600 children created video, books, essays, photo montages and artworks that describe what makes their house a home. As might have been ...
    2008-02-10 12:00:00

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