Mortgage and Financial News From 2008-3-1 Page 5

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  • Fed officials: Housing crisis critical

    CNN Money - As mortgage rates continue to decline, he said that foreclosures and unemployment should come down with them. He also said that as borrowers shy away from risky subprime loans, they should instead look into FHA loans - home mortgages that allows for ...
    2008-02-28 03:59:00
  • Bernanke's options growing limited

    MSNBC - And 30-year mortgage rates, which fell sharply in the second half of 2007, have been rising again — up to about 6.25 percent from 5.5 percent as recently as January.
    2008-02-27 03:53:00
  • Bill Jamieson: Bernanke's over a barrel whatever way he jumps

    Scotland on Sunday Online - For judging by a damning report before the US Congress last week, the country's sub-prime mortgage and housing crisis is set to get worse unless rates are slashed – and quickly.
    2008-03-01 04:26:00
  • Irwin Stelzer: Why I remain optimistic about American economy

    Times Online - Even though the Fed has cut its short-term rate by 2.25 percentage points since September to 3%, rates on the standard 30-year fixed-rate mortgage are stuck at about 6.8%, almost exactly where they were at the height of the credit crunch last autumn.
    2008-03-01 02:38:00
  • Senate Hits Impasse on Mortgage Bill

    Forbes - It said the bankruptcy provision would let borrowers rewrite their contracts, and would prompt lenders to tighten standards and raise interest rates. The Democrats' bankruptcy proposal would undermine the mortgage industry's integrity and reliability ...
    2008-02-28 02:55:00
  • The real problem? No one trusts a bank

    Guardian Unlimited - No less a figure than Andy Hornby, chief executive of HBOS, admits he expects residential property values to remain stagnant or fall slightly, and he also plans gradually to increase mortgage rates in order to pass on some of the higher funding costs ...
    2008-03-01 04:04:00
  • Second-mortgage issues join resetting rates for 1-2 punch (Chicago Tribune)

    WASHINGTON—Everybody wants to help keep people in their houses rather than in foreclosure, right?
    2008-03-01 10:38:58
  • Questions to Ask Before Taking a Reverse Mortgage (New York Times)

    Here are some questions that experts say potential borrowers should ask before taking out a reverse mortgage.
    2008-03-01 10:57:16
  • Is this a good time to refinance my mortgage?

    Washington Post - But from a financial planning standpoint, it does not make sense to try to pay off your mortgage early. As a matter of fact, with rates this low, it may be better to get a 30-year interest-only mortgage, especially if you can borrow the money below 6 ...
    2008-03-01 04:11:00
  • Sub-prime disaster sours HSBC's Eastern promise (Daily Telegraph)

    The British bank's loss-making American sub-prime portfolio is affecting its global performance and worrying investors, say Katherine Griffiths and Philip Aldrick.
    2008-03-01 04:27:55
  • Kelly Campbell (Washington Post)

    If there is 1 percentage point difference or more between your current rate and the new rate, or if you have an adjustable rate mortgage that will be coming due shortly, it may be time to think about visiting your mortgage broker.
    2008-03-01 04:33:07
  • Housing Crisis Puts Strain on Central Valley (KFSN-TV Fresno)

    According to Realty-Trac, California had 57,000 foreclosures in January; up 7% from the month before and double the national average.
    2008-03-01 05:08:05
  • Baskin-Robbins looking to scoop up market share (Dayton Daily News)

    Ice cream seller Baskin-Robbins wants to add franchisees and stores in Dayton and Ohio.
    2008-03-01 06:55:54
  • North Carolina Races Shaping Up (CQPolitics.com via Yahoo! News)

    North Carolina's filing deadline elapsed Friday with few surprises, but especially crowded fields are set in the gubernatorial and Senate races for the May 6 primary.
    2008-03-01 04:53:16
  • Trying to Reactivate the Active-Adult Market (Washington Post)

    When you're considering a move to a home that just might be the last one you own, resale value is probably not your top concern. The more pressing issue in the market for "active-adult" homes is whether you will be able to sell your current home to make the move possible.
    2008-03-01 05:06:28