Mortgage and Financial News From 2007-8-25 Page 11
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Managing a mortgage after retirement (Los Angeles Times)
Paying down the balance and refinancing may not be the best choice. Invest smart to mitigate monthly payments. Question: I am 58 and just purchased the home in which my wife and I plan to spend the rest of our lives. We paid points to reduce the rate on a 30-year fixed-rate mortgage to 4.75%. I am, however, feeling very insecure. The payment is affordable now, but I plan to retire in seven ...
2007-08-25 06:45:38 -
Cashing in on the Crash
CFO.com - You are here: Home : Today in Finance : Article ... As markets tighten, creditors will also be less willing to refinance wobbling companies. That could mean an imminent end to the ...
2007-08-24 07:21:00 -
FHA reform would help troubled borrowers, presidential candidate says
Marketwatch - The administration is studying the idea of allowing the agency to refinance troubled loans, something it's not allowed to do now ... you agree to the Terms of Service and Privacy Policy (updated 6/26/07). Dodd wants FHA to ease foreclosures on troubled home ...
2007-08-24 02:06:00 -
How to stay out of trouble
Des Moines Register - Predatory lenders targeted families that carried debt, encouraging them to refinance their fixed home mortgages into adjustable-rate mortgages, said Keest, a former assistant Iowa attorney general. They also consolidated credit card, auto and other ...
2007-08-22 12:54:00 -
In the know
Times Online - Gilt prices fell again yesterday after US new home sales data for July came in stronger than expected, soothing fears ... Investment Trust is faced with a shareholder revolt, but Evolution, the broker, points out Wichford does not have to refinance ...
2007-08-24 09:44:00 -
Credit crunch casts wide net
Business Courier - Jim Shapiro is frustrated. His profits are trapped. The local real estate investor has been unable to refinance a four-bedroom Evanston home he rehabbed and rented. He invested $42,000 in the property, recently appraised at $100,000. In early August ...
2007-08-24 01:38:00 -
Sen. Schumer urges Big 4 on mortgage accounting
Boston Globe - WASHINGTON (Reuters) - U.S. Senator Charles Schumer has asked the big accounting firms what steps they are taking to inform investors holding securitized mortgage assets that they can modify home loans and refinance them, according to a letter ...
2007-08-24 09:37:00 -
New Home Sales Rise In July (WCVB Boston)
Despite a current housing crunch and challenging lending conditions, new home sales rose 2.8 percent in July.
2007-08-24 07:18:24 -
Man Arrested In Connection With Home Invasion Robbery (KIRO 7 Seattle-Tacoma)
ISSAQUAH, Wash. -- Detectives and federal marshals arrested a 22-year-old man at a Bellevue apartment last night in connection with a home invasion robbery, reported KIRO 7 Eyewitness News.
2007-08-25 12:02:26 -
Schumer Asks Big Four About Securitized Mortgages (Compliance Reporter)
U.S. Senator Charles Schumer has asked the big accounting firms what steps they are taking to inform investors holding securitized mortgage assets that they can modify home loans and refinance them.
2007-08-24 08:53:53 -
Sen. Schumer urges Big 4 on mortgage accounting (Reuters via Yahoo! News)
U.S. Senator Charles Schumer has asked the big accounting firms what steps they are taking to inform investors holding securitized mortgage assets that they can modify home loans and refinance them, according to a letter obtained by Reuters on Friday.
2007-08-24 07:26:03 -
Homeowners invited to refinance seminar (Moorpark Acorn)
Sabre Mortgage will present a free refinance seminar on Wed., Aug. 29 at the Rancho Santa Susana Community Center, 5005 Los Angeles Ave., Simi Valley. The seminar will educate homeowners on the various home financing programs that are still available and how to make the best choices for their financial futures.
2007-08-24 03:15:35 -
Bad Credit and Home Refinance (The Bradford Era)
(ARA) - Mortgage rates are at historic lows, and it seems like everyone's jumping on the refinance bandwagon these days. But is it really a good idea for people with bad credit?
2007-08-24 10:02:31 -
China Begins Four-Month Campaign to Enhance Quality (Update1)
Bloomberg - This is a special battle to protect the interest and health of the masses, the prestige of Chinese products and our nation's ... Still, Chinese officials yesterday played down the impact of the global recalls, saying quality problems existed in only a ...
2007-08-25 12:15:00 -
Is the Worst of the Mortgage Mess Behind Us?
CNBC - Why am I still getting flyers in the mail, faxes, and phone calls everyday promising extremely low interest refi's on my home mortgage? ... So, the only way to have 'affordable housing' is a price correction and/or reduction of interest rates. We ...
2007-08-24 01:59:00