Mortgage and Financial News From 2007-8-25 Page 5
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Mortgage Mess Hurts Main Street, Beyond
Forbes - So in January last year, they hurriedly signed what they thought was a $365,000 30-year fixed mortgage on a four-bedroom home in the upscale city of Henderson, Nev. After the closing, they realized they had signed onto a two-year interest-only ...
2007-08-25 04:14:00 -
American Home, Morgan Stanley Make Deal (AP via Yahoo! Finance)
American Home Mortgage Investment Corp. Friday agreed to hand over servicing rights to $519 million worth of mortgages to Morgan Stanley, the lender that owns them.
2007-08-24 11:36:25 -
Bill would end mortgage tax deduction for 'McMansions' (Los Angeles Times)
Homes 3,000 square feet and up would lose a popular deduction under Dingell's 'carbon tax' bill. WASHINGTON -- To add to mortgage meltdown miseries, the credit panic, plunging home sales and rising foreclosures, here's a new worry: a proposed cutoff of mortgage-interest tax deductions for all houses larger than 3,000 square feet.
2007-08-25 06:46:29 -
Tell us about your mortgage woes (The Tennessean)
Did you lose a home to foreclosure as a result of mortgage terms? Are you stuck with an adjustable rate mortgage you can't refinance? Did you get an interest-only loan and regret it? Let us include your story in news coverage. Contact staff writer Naomi Snyder at 259-8284 or nsnyder@tennessean.com.
2007-08-25 07:02:15 -
Mortgage lender buying up portfolios (Toronto Star)
While the credit market is in turmoil at least one company is going against the grain. Toronto-based mortgage and loan firm Home Capital Group Inc. says the liquidity crisis in Canadian markets is proving to be a buying opportunity.
2007-08-25 08:38:43 -
"Green'' legislation would erase mortgage tax break (Seattle Times)
To add to mortgage meltdown miseries, the credit panic, plunging home sales and rising foreclosures, here's a new worry: a proposed cutoff...
2007-08-25 07:30:16 -
Home buyers get good news: Mortgage rates dip to May levels (Tacoma News Tribune)
WASHINGTON – Rates on 30-year mortgages sank this week to their lowest point since late May, providing a little ray of sunlight for would-be home buyers.
2007-08-25 11:09:06 -
Sorting through the mortgage muddle
Chicago Tribune - No mortgage is too expensive or too creative, so long as the first monthly payment can be met. RealtyTrac reports that more ... Even this year, after foreclosure rates zoomed high, subprime lenders have been originating loans without full ...
2007-08-25 02:34:00 -
Mortgage relief on ALP agenda
News.com.au - Previously, Labor's treasury spokesman, Wayne Swan, had decided mortgage deductibility was too expensive and likely to put upward pressure on house prices and interest rates. But the idea was back under consideration last week when Mr Symonds came out ...
2007-08-25 02:05:00 -
Commercial paper woes pinching mortgage market
Globe and Mail - But, as the entire market tightens, mortgage rates are rising, Xceed spokesman Richard Wertheim said. That makes it harder for some consumers. It is now going to be “more difficult than ever†for self-employed people, new immigrants, people with ...
2007-08-25 12:29:00 -
Hawaii mortgage rates continue to fall
MSN MoneyCentral - Rates on 30-year fixed mortgages at Hawaii's three largest banks fell this week. First Hawaiian Bank, Bank of Hawaii and American Savings Bank each saw 30-year fixed rates fall an eighth of a percentage point to 6.125 percent, according to Honolulu ...
2007-08-24 08:11:00 -
Hawaii mortgage rates continue to fall (bizjournals.com via Yahoo! Finance)
Rates on 30-year fixed mortgages at Hawaii's three largest banks fell this week.
2007-08-24 08:14:45 -
U.S. home foreclosures jump sharply in July
Buffalo News - Some properties included in the survey might have received more than one notice, if the owners have multiple mortgages. The ... Former state employee wins $150,000 in reverse discrimination case After Bush's Iraq speech, area veterans dispute Vietnam ...
2007-08-22 12:54:00 -
Bulls play it close to the vest
Buffalo News - ... the Fed will also cut its target for the more important federal funds rate, which affects consumer loans, such as mortgages ... Former state employee wins $150,000 in reverse discrimination case Sabres will play outdoors on Jan. 1 Update: Akron man ...
2007-08-25 10:16:00 -
KeyBank Real Estate bond rating raised
FXStreet.com - NEW YORK (AP) - Fitch Ratings on Friday upgraded its ratings on bonds issued by KeyBank Real Estate Capital that are backed by commercial mortgages. The company's primary servicer rating on commercial mortgage-backed securities was raised to "CPS1 ...
2007-08-24 07:00:00