Mortgage and Financial News From 2008-1-20 Page 2

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  • The battle for America's soul - Online Journal

    The battle for America's soulOnline Journal, FL - 59 minutes agoThis could not be better illustrated than by our current housing crisis, the subprime mortgage dilemma and accelerating foreclosures. ...
    2008-01-20 10:00:57

  • 2008 may be brutal again for real estate - DetNews.com

    2008 may be brutal again for real estateDetNews.com, MI - 57 minutes ago... alarming number of homeowners with adjustable rate mortgages, or ARMs, found they couldn't afford the higher payments when their mortgage rates reset. ...
    2008-01-20 10:02:38

  • Area home market still solid (Southeast Missourian)

    To the editor:To listen to the national media, one can only conclude the real estate market is collapsing. Certainly, there are markets experiencing significant corrections (Las Vegas, for example),...
    2008-01-20 10:09:43

  • 2008 may be brutal again for real estate (Detroit News)

    CLARKSTON -- Metro Detroit's real estate market was socked hard last year, marked by the largest drop in home prices since the Reagan administration, the third-consecutive drop in annual home sales, the lowest number of new home permits since at least 1969, and a massive wave of foreclosures that drove thousands from their homes.
    2008-01-20 10:15:10

  • Fight the foreclosures (Concord Monitor)

    When I was Housing and Urban Development secretary in the administration of President George H.W. Bush, we fought against economic pessimism every day in the effort to spread the American dream of homeownership, particularly for moderate- and low-income families.
    2008-01-20 10:28:20

  • Davis: Reduce taxes for small firms hit by global trade (BizJournals)

    An Alabama Congressman wants to assist state industries adversely impacted by drought and global trade as Washington leaders debate economic stimulus packages aimed at jumpstarting the national economy.
    2008-01-20 10:33:53

  • China real estate brokers face slowdown (The Kansas City Star)

    After booming in recent years, China's real estate market is finally beginning to feel the pinch from sagging demand and tighter controls.
    2008-01-20 10:43:42

  • Symposiums on foreclosures held in Stark County

    Alliance Review - Part of the mess, as Zeigler explained it, has to do with what he termed as "liar loans," which are low-asset mortgage loans or loans with low, teaser rates that later inflate. "Ohio has $24 billion worth of these loans that may now be ready to enter ...
    2008-01-20 07:30:00

  • Evesham murder, suicide feared

    Philadelphia Inquirer - Partlow, Fieldstone's former chief financial officer. Fieldstone once employed more than 1,000 people and made $5.5 billion in adjustable rate mortgage loans. The company collapsed into bankruptcy last year after large numbers of borrowers defaulted ...
    2008-01-18 03:58:00

  • How sector can boost its performance, by Lemo, CBN chief

    Nigeria Guardian - Total mortgage loans extended by private or public financial institutions are estimated to be approximately N70 billion, representing less than 0.5 per cent of GDP, a minimal ratio compared to developing economies, although not unusual in Sub-Saharan ...
    2008-01-20 05:36:00

  • Darling unveils Rock rescue plans

    BBC Business - It was forced to go to the Bank of England for a cash lifeline when money markets seized up, as it was no longer able to raise the required funds to run its mortgage business. It has been given about £26bn of Bank of England emergency loans, but ...
    2008-01-20 09:25:00

  • Grants, Financial Aid, Assistance and Help Available for Home Owners ...

    PR.com - The Federal Foreclosure Assistance Center today announced the availability for financial aid, grants and assistance for Home Owners at risk of foreclosure due to subprime mortgage loans Washington, DC, January 20, 2008 --( PR.com )-- The Federal ...
    2008-01-20 12:28:00

  • Mortgage crisis presents opportunities for smaller lenders

    Charleston Post & Courier - It's hard not to notice the newspaper ad that blazes, "WANTED ALL BORROWERS," across the top. The company, American Trust Mortgage Co. Inc. in Mount Pleasant, has "subprime loans available," the ad states, and financing for home buyers with credit ...
    2008-01-20 08:42:00

  • Homeowners in Alleged Scam Get Settlement

    Washington Post - In the suit, the elderly plaintiffs alleged that to stave off foreclosure they signed paperwork for what they thought were loans that would cover missed mortgage payments. Instead, they had signed away their homes to Washington businessman Vincent L ...
    2008-01-20 09:03:00

  • U.K. Mortgage Lenders Want Government Help on Funding, FT Says

    Bloomberg - Jan. 21 (Bloomberg) -- Mortgage lenders in the U.K. are increasing pressure on the Bank of England and the U.K. Treasury for measures to help in raising funds to provide loans to homebuyers, the Financial Times reported. Groups including the Council ...
    2008-01-19 03:57:00

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