Mortgage and Financial News From 2007-10-26 Page 17

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  • Mortgage crisis spreads beyond subprimes (Bradenton Herald)

    Until a few months ago, it seemed like anyone could get a mortgage. "Bad credit? No problem!" advertisements were the norm and if you had a pulse, a bank would give you hundreds of thousands of dollars to purchase a home.
    2007-10-25 09:50:32

  • Ethnic challenge

    National Post - When banks came out a few years ago with no-haggle mortgages, "haggling was viewed as very painful [to consumers], and it was ... It is the reverse of an economy of scale, so you better know that it is going to pay off." Any targeted advertising effort ...
    2007-10-26 09:12:00

  • Affordable housing summit to focus on 'reverse commuters', other local ...

    Pocono Record - There is only anecdotal evidence to assess how many local workers are reverse commuters denied affordable home ownership ... private communities with homeowners associations that charge high annual dues in addition to property taxes and the mortgages ...
    2007-10-26 01:34:00

  • Hot seller's market shifts into reverse Upside-down sales picture won ...

    Las Vegas Review Journal - Hot seller's market shifts into reverse Upside-down sales picture won't change soon By JENNIFER ROBISON REVIEW-JOURNAL ... Countrywide Home Loans' announcement this week that it would put $16 billion toward refinancing adjustable-rate mortgages ...
    2007-10-26 01:55:00

  • Seek unbiased help if considering reverse mortgage option

    Hutchinson Daily Leader - Reverse mortgages may have tax consequences, affect eligibility for assistance under federal and state programs and have an impact on the estate and heirs of the homeowner. Getting money for daily living out of the home that’s paid for may sound ...
    2007-10-25 10:28:00

  • News you can use (San Diego Union-Tribune)

    Use a broom to sweep and dispose of ash and debris. Do not allow debris to enter the storm drain. Protect storm drain inlets with filter fabric.
    2007-10-26 02:20:22

  • WEATHER FOR STROUDSBURG: (Pocono Record)

    Many teachers, police officers, nurses and other professionals who earn a living in Monroe County simply can't afford to live here.
    2007-10-26 01:55:22

  • Start Selling Mortgage Insurers

    Street.Com - ... Merrill Lynch ( MER - commentary - Cramer's Take ), in a matter of a couple of weeks, doubled the amount that it lost in mortgages ... Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's ...
    2007-10-26 08:08:00

  • Lenders slow to offer help with mortgages

    Dallas Morning News - Lenders slow to offer help with mortgages 12:00 AM CDT on Friday, October 26, 2007 stevebrown@dallasnews.com Some 20 years ago ... If Temerlin McLain makes the jump to the center city, it would be the second Las Colinas company to recently announce such ...
    2007-10-26 05:30:00

  • Daiwa's Net Falls on Stock-Trading Loss, Underwriting (Update3)

    Bloomberg - Merrill Lynch & Co. yesterday reported the biggest loss in its 93-year history after writing down $8.4 billion of subprime mortgages and leveraged debt. Mizuho Securities Co., a closely held unit of Japan's second-biggest bank, today ...
    2007-10-26 01:41:00

  • U.S. Home Vacancies Rise to Record on Foreclosures (Update1)

    Bloomberg - Lenders began the process of seizing properties on 0.65 percent of U.S. mortgages in the second quarter, a record in a 35-year-old study, the Mortgage Bankers Association said in a Sept. 6 report. The percentage of subprime borrowers making late ...
    2007-10-26 08:00:00

  • European Bonds Post Second Weekly Gain on Outlook for Growth

    Bloomberg - European Bonds Post Second Weekly Gain on Outlook for Growth By Agnes Lovasz Oct. 26 (Bloomberg) -- European government ... slashed Merrill Lynch & Co.'s rating and Bank of America Corp. said it will cut jobs amid losses on U.S. subprime mortgages ...
    2007-10-26 08:15:00

  • Hartsville's Oakdale neighborhood to be revitalized

    Morning News - In some cases, Tucker said, the city would front the home-seeker closing costs or down payments in the form of second mortgages on the house that would only have to be repaid if he or she sold the house before a specified amount of time. First ...
    2007-10-26 08:29:00

  • U.K. Stocks Gain for Second Day, Paced by Rio Tinto, BHP, Shell

    Bloomberg - Stocks Gain for Second Day, Paced by Rio Tinto, BHP, Shell By Sarah Jones and Sarah Thompson Oct. 26 (Bloomberg) -- U.K ... Elephant Loans & Mortgages Plc (ELEP LN), the U.K. subprime mortgage broker whose shares have plunged almost 80 percent this ...
    2007-10-26 09:12:00

  • Mortgage loan numbers affect Encore's income

    Houston Business Journal - However, non interest income, mainly from second mortgages, declined by 5 percent in the quarter compared to the same period in 2006 and is down 8 percent through the first nine months of 2007 compared with the year-earlier period. The decline is due ...
    2007-10-26 08:58:00

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