Mortgage and Financial News From 2007-9-9 Page 11
Previous Day: 2007-09-08
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How I Became a Big Wheel
MSNBC - We had a young family and a new mortgage. I couldn't qualify for unemployment insurance because as owner of Unicycle.com I was self-employed, not unemployed. I took on a freelance writing project but never got paid. Then came a Christmas miracle ...
2007-09-09 03:13:00 -
Windstorm rates: From bad to worse
Miami Herald - More and more homeowners who don't have a mortgage are ''going bare'' -- i.e., going without windstorm insurance -- because premiums are too high, the newspaper reported. The recent second anniversary of Hurricane Katrina was a reminder of yet another ...
2007-09-08 11:52:00 -
Threats from overaggressive collector do not add up in truth
Record Searchlight - Q: I am 72 years old, and my husband is 73 years old and disabled. We live on $1,800 dollars a month, paying $1,197 dollars a month for the mortgage of the house, including taxes and insurance. I have three credit cards I had paid faithfully until ...
2007-09-09 07:02:00 -
Mortgage loan difficulties hitting home
Wilmington Morning Star - In their place is PMI, or private mortgage insurance. With piggybacks, borrowers could get a first mortgage for 80 percent of the home's purchase price and a second mortgage for the remaining 20 percent - minus their down payment. Now PMI serves the ...
2007-09-08 11:38:00 -
Subprime unlikely to cause big insurance claims
Reuters - MONACO (Reuters) - The insurance industry is unlikely to face a flood of major claims as a result of the subprime mortgage crisis, a leading insurer said on Sunday. Henry Keeling, chief operating officer of XL Capital Ltd (XL.N: Quote , Profile ...
2007-09-09 04:24:00 -
Debt Adviser by Steve Bucci : Elderly couple should push back against pushy collector (Arizona Daily Star)
Q I am 72 years old and my husband is 73 years old and disabled. We live on $1,800 dollars a month, paying $1,197 dollars a month for the mortgage of the house, including taxes and insurance.
2007-09-09 12:25:26 -
Threats from overaggressive collector do not add up in truth (The Record Searchlight)
Q: I am 72 years old, and my husband is 73 years old and disabled. We live on $1,800 dollars a month, paying $1,197 dollars a month for the mortgage of the house, including taxes and insurance. I have three credit cards I had paid faithfully until October 2006, when my mother died and I had to pay all the funeral expenses.
2007-09-09 08:38:53 -
Insurance firms need to show a bit more application (The Observer)
The insurance industry is very fond of telling us how under-insured we all are. But Sarah Callery's experience of making a claim shows why some people are wary of buying policies: stories about rejected claims are hardly going to encourage you.
2007-09-08 04:03:47 -
Insurance beneficial beyond flood plain (Wisconsin Rapids Daily Tribune)
August flooding in southern Wisconsin shows the necessity of flood insurance. Even for property owners outside a flood plain, the need is still there, according to industry officials.
2007-09-09 02:00:09 -
Home sellers must get creative to draw in potential buyers
Orlando Sentinel - America's housing market has gone from robust to just plain bust in the past 18 months. Real estate agents, home builders, mortgage lenders and anyone whose income is derived from home selling have been using words such as "transitioning" and ...
2007-09-09 01:11:00 -
As We See It: No government bailout, please
Santa Cruz Sentinel - Bush has received praise for doing so, but the reality is that those guarantees protect mortgage lenders as much as they protect the homeowner. The falling housing market has touched off a bust of sorts, one that's roughly equivalent to the dot-com ...
2007-09-09 04:53:00 -
Slump in the U.S. housing market hurting Realtors
Daily Breeze - WASHINGTON - Plummeting stock prices. Mortgage lenders filing for bankruptcy or shutting down. Layoffs at homebuilders and banks. Soaring foreclosures and loan defaults. Damage from the nation's slumping housing market is evident throughout the ...
2007-09-09 02:30:00 -
OPEC Seen Maintaining Crude Production
Forbes - Subprime mortgage lenders have cut loans to prospective U.S. home buyers, feeding a housing slump that has stoked fears among energy investors of a wider economic slowdown and reduced demand for oil and gasoline. The Paris-based International Energy ...
2007-09-09 03:13:00 -
Be Wary Of Mortgage Insurance Solicitors
Hartford Courant - The meltdown among subprime mortgage lenders shows a particularly ugly side of the housing market - the business of selling high-risk financial products to people who might not be that financially savvy. Here's another: the flood of solicitations ...
2007-09-09 01:18:00 -
Crunch may hit consumer
San Francisco Gate - With the real estate market in flux, mortgage lenders are keenly worried about the value of their collateral. By comparison, autos tend to depreciate at a consistent rate. Credit cards and student loans have no collateral. Their repayment rates are ...
2007-09-09 04:17:00