Mortgage and Financial News From 2007-10-15 Page 28
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In car deals, a lease is often a fleece
Daily Oklahoman - If you do this, you'll reduce the amount of your mortgage, plus you'll avoid having to pay private mortgage insurance. Also, make sure that your monthly house payment will be no more than 25 percent of your monthly take-home pay. In your case, that's ...
2007-10-14 07:35:00 -
What's your view on local housing market?
Miami Herald - Will there be any relief for second-home buyers? Can lawmakers and regulators find a way to significantly lower property insurance rates for beleaguered homeowners? How much of our housing boom was built on mortgage fraud? Where are U.S. interest rates ...
2007-10-14 11:59:00 -
Craig briefs for Oct. 15
Craig Daily Press - The USDA Rural Development 502 Guaranteed Loan Program is designed to get low- to moderate-income families into a new or existing home with no down payment, no monthly mortgage insurance payments and with the possibility of including all lender ...
2007-10-14 10:12:00 -
Paulson Pressured by G-7 Calls to Aid Dollar, Market (Update1)
Bloomberg - Exclusive Worldwide Regions Markets Economy Politics Industries Consumer Energy Finance Health Care Insurance Real Estate Technology ... makers have pinned much of the blame for the market turbulence on what they see as lax U.S. supervision of subprime-mortgage ...
2007-10-15 12:35:00 -
Are You Getting a Good Deal on Insurance? (Benton Evening News)
(ARA) - Had a major life change recently, like moving out on your own for the first time, getting married, welcoming a new baby into the family or purchasing a new car?
2007-10-14 01:38:05 -
The pension schemes of UK mortgage bank Alliance & Leicester and insurance group Royal & Sun Alliance are among the ... (eFinancial News)
The pension schemes of UK mortgage bank Alliance & Leicester and insurance group Royal & Sun Alliance are among the most exposed to acquisition by one of the new breed of specialist pensions buyout and insurance firms, according to Merrill Lynch.
2007-10-14 09:16:27 -
On Native Ground
American Reporter - Mortgage lenders stopped caring if borrowers were qualified. Bankers stopped caring if borrowers couldn't repay loans. And all these bad loans got repackaged and resold to other investors - all gussied up so that you'd never know that you were ...
2007-10-14 10:05:00 -
Employers see racial divide in 401(k) plans
Pensacola News Journal - Racial discrimination by mortgage lenders may have heightened blacks' interest in owning a home, she said. Blacks' lack of participation in retirement plans can put employers and the financial services industry on the defensive, said Lisa Toppin ...
2007-10-14 10:12:00 -
China's Stocks Rise to Record; Sinopec, Citic Securities Gain
Bloomberg - China Vanke Co. led declines among property developers on concern mortgage demand will slow after the central bank ordered lenders to set aside more money as reserves. The CSI 300 Index, which tracks yuan-denominated A shares listed on ...
2007-10-14 11:17:00 -
Mortgage industry cracks down on dodgy lenders
Big Pond News - The mortgage industry is calling for national regulation of lenders (File photo). Photo: AAP Dodgy operators marketing high-risk mortgages to consumers who cannot afford them have been delivered a blunt warning: shape up or be stamped out. The ...
2007-10-14 08:53:00 -
Paulson Pressured by G-7 Demands to Aid Dollar, Credit Markets
Bloomberg - European policy makers have pinned much of the blame for the market turbulence on what they see as lax U.S. supervision of subprime-mortgage lenders. `Looked Closely' If U.S. regulators ``had actually looked closely'' at whom ...
2007-10-14 05:11:00 -
Group plans to provide investigative journalism
International Herald Tribune - Pro Publica is the creation of Herbert and Marion Sandler, the former chief executives of the Golden West Financial Corporation, based in California, which was one of the nation's largest mortgage lenders and savings and loans. They have committed ...
2007-10-14 11:31:00 -
Housing slump hits Quicken
Detroit News - Now one of the 10 largest mortgage lenders in the country, Quicken is seen as a rare bright spot in a struggling Michigan economy. Even as it avoided layoffs, however, Quicken has felt the sting of the national housing slump. The private company doesn ...
2007-10-14 10:55:00 -
Patrick to press mortgage companies
Boston Globe - Governor Deval Patrick plans to introduce an ambitious program today to assist Massachusetts communities in preventing foreclosures by pressing lenders to accept losses on their mortgages so that homeowners are able to sell their properties and pay ...
2007-10-14 11:31:00 -
Getting Out of the Mortgage Squeeze
Washington Post - In addition, dozens of mortgage lenders have collapsed and tens of thousands of families have lost their homes to foreclosure. The recent decline has been particularly vexing for Billings, 55, the last FBR founder still at the firm and a prominent ...
2007-10-14 09:51:00