Mortgage and Financial News From 2008-6-5 Page 01
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U.S. housing stimulus bill will help us all - Free Lance-Star
T HESE ARE DARK days for the nation's economy. Its inherent strength is being sapped by the worst housing downturn in generations. Millions of families worry that they will lose their homes to foreclosure. Millions more desire to buy a home, but they ...
2008-06-05 08:47:00 -
About 1 in 11 Mortgageholders Face Loan Problems - New York Times
About 1 in 11 American mortgages were past due or in foreclosure at the end of March, according to a report released on Thursday, a figure that is rising fast as home prices fall and the job market weakens. Sharlita Thomas and many other people ...
2008-06-05 09:08:00 -
1 in 11 mortgages deemed in jeopardy - Boston Globe
About 1 in 11 American mortgages were past due or in foreclosure at the end of March, according to a report released yesterday, a figure that is rising fast as home prices fall and the job market weakens. The first three months of 2008 marked the ...
2008-06-05 09:22:00 -
Analysts Lose 17% for Investors in Brokerage, Bank Stock Picks - Bloomberg
June 6 (Bloomberg) -- Investors who followed the advice of analysts who say when to buy and sell shares of brokerage firms and banks lost 17 percent in the past year, twice the decline of the Standard & Poor's 500 Index . Buying shares on the advice ...
2008-06-05 09:30:00 -
Dip seen in late home payments for borrowers not in foreclosure - AZCentral.com
Arizonans struggling to pay off their home loans fell further behind on mortgage payments in the first quarter of 2008, according to a new Mortgage Bankers Association report released Thursday. However, fewer borrowers became delinquent for the first ...
2008-06-05 10:13:00 -
ARM Rates Continue to Slide - Street.Com
Inflation fears are holding fixed-rate mortgage rates steady, while those on adjustable-rate mortgages continued to slide, according to Freddie Mac's FRE mortgage-market survey. Still, while fixed rates have varied only one basis point from the ...
2008-06-05 12:11:00 -
Organizers gearing up for Home Buyer Fair (Thomasville Times-Enterprise)
THOMASVILLE — Organizers hope citizens will take advantage of the fourth annual Thomas County and Southwest Georgia Home Buyer Fair Saturday.
2008-06-05 10:21:48 -
About 1 in 11 Mortgageholders Face Loan Problems (NYTimes.com via Yahoo! Finance)
The default rate is rising even among homeowners with good credit who do not hold risky subprime loans.
2008-06-05 10:36:47 -
The Next Real Estate Crisis (BusinessWeek)
By April, 2009, hundreds of thousands of option ARM mortgages will begin resetting, bringing on a fresh wave of foreclosures
2008-06-05 10:44:01 -
Taxing the 'Not-So-Rich' Rich (BusinessWeek)
Many of America's affluent, squeezed already, worry they will be burdened with higher taxes
2008-06-05 10:45:41 -
County opting for financing jail over 20 years (Lincoln Journal Star)
Lancaster County leaders said Thursday they want to finance a new $65 million jail project over 20 years. It strikes a balance between taxpayers concerned about how much the county will pay in interest and those worried about property tax spikes, they said.
2008-06-05 10:50:08 -
Lipstick On A Pig - Forbes
One of the things that made the American subprime crisis a crisis was the availability of mortgages to borrowers with dubious credit histories. Turns out that some of the middlemen arranging the mortgages were -- and still are -- temporarily boosting ...
2008-06-05 09:01:00 -
Lender pushes NovaStar closer to bankruptcy - Kansas City Star
NovaStar Financial Inc. on Thursday drew closer to bankruptcy after a lender accelerated its loan and declared $51 million in obligations immediately due and payable. In a regulatory filing, the former subprime mortgage lender said it would probably ...
2008-06-04 05:56:00 -
The only way is up? - Straits Times
THE period of rock-bottom interest rates may be over, with some experts tipping that levels in Singapore are set to head north - but at a gentle pace. The three-month Singapore Interbank Offered Rate (Sibor) - the level at which banks lend to each ...
2008-06-05 07:28:00 -
Frank-Dodd Rescue Prolongs Housing Crisis by Deferring Defaults - Bloomberg
June 5 (Bloomberg) -- Dan Castro favors cutting the amount of money that some delinquent homeowners owe him so they can qualify for government help and avoid foreclosure. He's not sure other mortgage-backed securities investors feel the same. For ...
2008-06-05 09:15:00