Mortgage and Financial News From 2008-2-29 Page 01

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  • Vulture Fund Deals With Delinquent Homeowners Lost by Subprime

    Bloomberg - ... 25,000 lump sum and four monthly payments at the original level, it would cut the interest rate ... I called AMC and told them I only had $5,000,'' Terhune says, referring to Ameriquest Mortgage Co., which is no longer doing business.
    2008-02-28 05:29:00
  • Putting a human face on subprime mortgage crisis

    Connecticut Post - If you have a fixed-rate mortgage, maybe you're not exactly feeling sorry for those with subprime and adjustable-rate mortgages who are now surfing the rising-interest and foreclosure tide. ... They put my house up for sale and said my only options ...
    2008-02-28 03:59:00
  • Why Australian households are hurting

    News.com.au - ... buyers being squeezed like never before, economists are tipping another interest ... This would lift the average standard variable mortgage rate to about 8.5 per cent. ... it implement the tools to be able to increase the rate on consumer credit only.
    2008-02-28 04:49:00
  • Should property manager keep late fees?

    Akron Beacon Journal - ... need to inform my mortgage lender (credit union) about this change and, if so, is that going to affect my interest rate? My mortgage is ... The only negative I can see is that I have to make a home-equity payment for 15 years.
    2008-02-29 09:27:00
  • Freddie Mac Posts Record Loss, Remains `Cautious' (Update4)

    Bloomberg - Feb. 28 (Bloomberg) -- Freddie Mac, the second-largest mortgage-finance company ... has said Fiduciary is avoiding Freddie Mac and Fannie Mae shares and only holds ... The fourth-quarter results included writedowns and other non-interest expenses of $2 ...
    2008-02-28 07:45:00
  • Delinquencies stable, losses low in French RMBS market up to Q3 2007 ...

    Forbes - ... Service said the weighted average delinquency index of French residential mortgage ... growth of 2.1 pct year-on-year in the fourth-quarter of 2007 represented only a ... Moody's said -- likely lower interest rates later in the year, a reduction in the ...
    2008-02-28 08:43:00
  • Centerline Holding Company Reports Fourth Quarter 2007 Financial ...

    MSN MoneyCentral - ... with Freddie Mac, which significantly reduced the Company's interest rate ... Delinquencies within Commercial Mortgage Backed Securities ("CMBS ... Such forward-looking statements speak only as of the date of this document.
    2008-02-28 05:29:00
  • Preparing a return without a W-2

    Baltimore Sun - It seems we pay so much in taxes every year, and the only savings we can realize are the mortgage interest and taxes. There has to be a better way.
    2008-02-28 12:50:00
  • Senate Democrats Look to Mortgage Relief Bill Opposed by White House

    FOX News - ... Wednesday, "The economic situation has become distinctly less favorable," and signaled another cut in interest ... The provisions in the bill to amend the bankruptcy code and allow judges to rewrite mortgage contracts will only add to the existing ...
    2008-02-26 03:55:00
  • A Refinancing Dilemma

    Washington Post - How can you refinance a $200,000 mortgage if the value of the home is only $180,000 and you do not have $20,000 in cash to pay the difference? Even if a lower interest rate would make your mortgage manageable, no lender would refinance at the $200 ...
    2008-02-28 12:22:00
  • Is buy-to-let on the brink of collapse?

    This is Money - A BTL investor purchasing an average property worth £154,795 at the start of 2008 with an 85% loan-to-value mortgage at 6.25% interest-only would have monthly payments of £685 – just £13 less than the £698 average rent.
    2008-02-29 08:52:00
  • Second-mortgage holders block refinancings

    Charleston Post & Courier - Take the case of Robert Whittaker, a Sykesville, Md., homeowner who sought to refinance a $260,000 first mortgage recently when 30-year rates fell below 6 percent. Whittaker was concerned his interest-only adjustable rate loan was scheduled for a ...
    2008-02-29 08:59:00
  • Fool News: House Prices Stagnate (The Motley Fool)

    House price inflation has fallen to its lowest levels since November 2005. What's next for the housing market?
    2008-02-29 10:06:35
  • Some homeowners walking away from mortgages (The Standard-Times)

    As home prices plummet, growing numbers of borrowers are winding up owing more on their homes than the homes are worth, raising concerns that a new group of homeowners — those who can afford to pay their mortgages but have decided not to —...
    2008-02-29 10:11:20
  • Lawmakers Clash on Mortgage Bill, Bankruptcy Changes (The Memphis Daily News)

    WASHINGTON (AP) - Lawmakers clashed on how to deal with the home lending crisis last week, as Senate Republicans blocked a Democratic bid to....
    2008-02-29 10:11:55