Mortgage and Financial News From 2007-9-9 Page 13
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Forbes Urges Fed to Cut Interest Rate (AP via Yahoo! Finance)
Billionaire publisher Steve Forbes urged the U.S. Federal Reserve on Sunday to cut a key interest rate by a full percentage point when it meets later this month, to solve an ongoing credit crisis.
2007-09-09 03:17:29 -
5 TIPS FOR BUYING A NEW CAR
Orlando Sentinel - Because most mortgage lenders are reluctant to lend to people who spend more than 36 percent of their gross monthly income ... To get quotes and compare rates, visit sites such as Progressive.com and CarInsurance.com. 3. Choose shorter loan terms. They ...
2007-09-09 01:04:00 -
No economic crisis yet
RIA Novosti - ... to negative global impacts caused by a crisis of confidence on the American mortgage ... Compare it with a 30% fall in May 2006, when a shaky world market depressed Russian ... They are growing at higher rates than the national economy. Experts agree this is ...
2007-09-08 11:02:00 -
All bets off on Vegas housing
Chicago Tribune - But it doesn't compare with the free fall in the ex-hot spots of California ... This year alone, mortgage lenders nationwide will take the first steps to foreclose ... million adjustable-rate mortgages, many with low initial "teaser" rates, will be ...
2007-09-09 03:34:00 -
Free Mortgage Marketing Guide
Colleyville Courier - Free guide shows you the secret to doubling your mortgage business. Compare up to four free mortgage quotes by completing an easy online form. Competitive rates from leading mortgage companies. No obligation. Available throughout America. Already own ...
2007-09-09 02:08:00 -
Nation's mortgage troubles worsen
Orlando Sentinel - ... spreading to conventional mortgages with adjustable rates, according to a quarterly report released Thursday by the Mortgage ... Home > Business
2007-09-09 05:29:00 -
1st Magnus made many risky loans in Arizona
Arizona Daily Star - A standard, government-conforming, fixed-rate loan usually has rates about 1 to 2 percentage points above the Treasury yield, according to experts. The Home Mortgage Disclosure Act data are reported yearly to the Federal Financial Institutions ...
2007-09-09 12:56:00 -
Mortgages & minorities
Herald News - Recent data released under the Home Mortgage Disclosure Act shows that, across the country, half of all loans to blacks are high-cost loans and 40 percent of all loans to Hispanics are high-cost loans. Borrowers who signed on to subprime loans, at an ...
2007-09-09 01:32:00 -
Ups and downs of price surveys
San Francisco Gate - The government's index taps into a vast housing database - the combined new loan and refinance transaction records of mortgage giants Fannie Mae and Freddie Mac - but omits home loan transactions on upper-bracket houses and jumbo loans above $417,000 ...
2007-09-09 01:54:00 -
New report on credit scores shows lingering inequities
Detroit Free Press - The Fed's study, encompassing credit bureau records and demographic data from a national statistical sample of 301,536 individuals, was mandated by Congress in 2003. Credit scores are now heavily used not only in home mortgage underwriting and ...
2007-09-08 06:37:00 -
Carson City finances have prospered during the market storms
Nevada Appeal - The types include bonds secured by home-mortgage loans that have become popular in recent years, as well as more traditional vehicles such as U.S. Treasury bonds. However, nationwide increases in defaults on "sub-prime" home-mortgage loans have ...
2007-09-09 03:55:00 -
Home sales up or down? Take your pick
Chicago Tribune - That report came from the Office of Federal Housing Enterprise Oversight, the agency whose main task is to track the performance of the Federal Home Loan Mortgage Corp., or Freddie Mac, and the Federal National Mortgage Association, or Fannie Mae ...
2007-09-08 11:52:00 -
On the move
St. Petersburg Times - Floyd was co-manager at Allied Home Mortgage Capital Corp., Indian Shores. Shamus A. McConomy has been promoted to vice president and commercial banking officer at Bank of Tampa's Armenia branch in Tampa. McConomy was assistant vice president. ...
2007-09-08 09:15:00 -
Home-equity loans quickly drying up
AZCentral.com - Now that many Americans are facing a home mortgage, a home-equity loan and costly credit-card payments, a perfect storm is brewing, Manning says. Consumer debt has grown faster than many families' financial assets have. And the collapse of the ...
2007-09-08 10:12:00 -
Minority mortgage melancholy
Herald News - Half of all loans to blacks are high-cost loans and 40 percent of all loans to Latinos -- Home Mortgage Disclosure Act • A low-income black borrower is more than three times more likely to receive a high-cost loan than a low-income white borrower ...
2007-09-09 01:32:00