Mortgage and Financial News From 2007-9-9 Page 7
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The wrong way out
Daily Pilot - ... home and eventually fell behind on the $205,000 mortgage. ... California, Rodriguez promised to help homeowners refinance but submitted applications for larger loans in the names of "straw buyers" (people who sell the use of their personal information ...
2007-09-09 01:07:00 -
Investment property too much to handle (Seattle Times)
Q: A couple of years ago, I purchased an investment property in Sacramento, Calif. For a period of time all went well. But in 2006 I was...
2007-09-09 12:11:34 -
State program rescues at-risk homes (Rochester Democrat and Chronicle)
Area homeowners with subprime loans at risk of losing their homes may be eligible for a new program that would avoid possible foreclosure.
2007-09-09 05:34:09 -
The wrong way out (Los Angeles Times)
Scrambling to avoid foreclosure, more owners are falling prey to scammers. WHEN Eddie Baker Jr. retired in 2000, he found himself struggling to make the $1,100 monthly payments on his three-bedroom Los Angeles home and eventually fell behind on the $205,000 mortgage.
2007-09-08 05:23:27 -
Wednesday, September 5
News.com.au - Rates talk drives dollar down THE domestic currency closed weaker after an analyst suggested the Reserve Bank would cut interest rates if the US loosened its monetary policy to tackle the subprime mortgage credit crunch.
2007-09-09 07:37:00 -
New Mortgage Insurance Tax Break For 2007 Homebuyers
Best Syndication - ... of $200-$400 for new homebuyers seeking safer forms of low down payment financing than "piggyback" mortgages and other creative loans, where monthly payments can skyrocket when interest rates adjust. For the past few years, low monthly mortgage ...
2007-09-09 09:46:00 -
Fixed Rate Mortgage
Best Syndication - The major divergence in interest rates in short term and long term mortgage loans is called as the yield curve and this will mostly inclines upward. Generally long term mortgage are expensive when compared to the other mortgage terms. The other ...
2007-09-09 10:43:00 -
On The Calendar
Modesto Bee - WASHINGTON -- Labor Department reports on weekly jobless claims; Treasury reports on federal budget for August; Freddie Mac reports on mortgage rates. WASHINGTON -- Commerce Department reports on retail sales for August; Commerce Department reports ...
2007-09-09 05:14:00 -
Financial Q&A: Readers' money questions answered
Christian Science Monitor - He believes that interest rates, including mortgage rates, are headed lower. Along with others, he thinks that the Federal Reserve will be cutting short-term interest rates between now and year-end, which will push rates lower. "Thus ...
2007-09-09 11:34:00 -
Credit squeeze hits buy-to-lets
Financial Times - The first sign that the global credit crisis could impact on the main UK mortgage market has emerged with a Morgan Stanley -backed lending specialist set to raise its rates on prime buy-to-let products. In the next two weeks, Advantage will raise ...
2007-09-09 09:46:00 -
Mortgage rates rise after 2-week decline (Everett Herald)
WASHINGTON -- After falling for two weeks, rates on 30-year mortgages edged up slightly this week. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.46 percent this week, compared with 6.45 percent last week.
2007-09-09 12:15:22 -
Attorney: Freebery deserves four hours, or less, in prison
Delaware Online - In a January 2006 trial on mortgage fraud charges before Fullam, which ended in a hung jury, Freebery’s attorneys argued and Moseley testified that despite a written loan agreement, the money was a gift because Freebery knew Moseley never intended ...
2007-09-09 11:26:00 -
Parents of missing girl return to Britain
Minneapolis Star Tribune - CASTLE DONINGTON, England — A British couple named as suspects in the disappearance of their 4-year-old daughter ... Zygi goes from shrinking violet to loose cannon Mortgage fraud infiltrates suburbs Sweat before success: Gophers win in three OTs ...
2007-09-09 05:00:00 -
APEC leaders forge deal on climate change
Minneapolis Star Tribune - SYDNEY, Australia — Pacific Rim leaders agreed Saturday to curb global warming by improving energy use and ... Zygi goes from shrinking violet to loose cannon Bush accepts Chinese president's invitation to attend Beijing Olympics Mortgage fraud ...
2007-09-09 05:07:00 -
Al-Qaida group claims credit for fatal bombings in Algeria
Minneapolis Star Tribune - JERUSALEM — In a case that would seem unthinkable in the Jewish state, police said Sunday they have cracked a cell ... Zygi goes from shrinking violet to loose cannon Bush accepts Chinese president's invitation to attend Beijing Olympics Mortgage fraud ...
2007-09-09 05:07:00