Mortgage and Financial News From 2008-2-16 Page 4

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  • Subprime mortgage risks were recognized too late - Pittsburgh Post Gazette

    Subprime mortgage risks were recognized too latePittsburgh Post Gazette, PA - 1 hour agoFor buyers who cannot qualify or need to refinance a mortgage on a home that has decreased in value, the consequences are indeed bleak. ...
    2008-02-16 09:19:50

  • Foreclosure crisisOngoing problem affecting all neighborhoods - Charleston Post Courier

    Foreclosure crisisOngoing problem affecting all neighborhoodsCharleston Post Courier, SC - 1 hour agoMany figured they could refinance using equity from their home's higher value if the monthly payments started getting too high. There were risks, of course: ...
    2008-02-16 09:48:05

  • Ka-Boom! - Anniston Star (subscription)

    Ka-Boom!Anniston Star (subscription), AL - 1 hour agoRefinance your house! Financiamos a todos! It wasn't just the bottom-feeders that joined the unseemly frenzy to lend to the poor; big companies, ...
    2008-02-16 09:56:48

  • Missoula mortgage refinancings have doubled - The Missoulian

    Missoula mortgage refinancings have doubledThe Missoulian, MT - 11 minutes agoLenders said the rule of thumb is to refinance when rates are 3/4 to 1 percentage point lower than a borrower's current mortgage. As borrowers become aware ...
    2008-02-16 10:48:52

  • CBA dispatches 'debt doctors' (The Courier Mail)

    THE Commonwealth Bank has sent corporate "doctors" into two troubled companies as the lender faces a blow-out in bad debt.
    2008-02-16 06:34:00

  • Event gives Dallas-area homeowners advice on avoiding foreclosure (Dallas Morning News)

    Denise Knudson was ready to take a second job and borrow from her 401(k) to make her mortgage payment once it ballooned beyond her means.
    2008-02-16 08:13:59

  • Subprime mortgage risks were recognized too late (Pittsburgh Post-Gazette)

    Q. I have read a great deal about the problems on Wall Street associated with the subprime mortgage losses. Doesn't the investment community recognize the high risk associated with subprime loans? ...
    2008-02-16 09:26:03

  • Foreclosure crisis (The Post and Courier)

    Ongoing problem affecting all neighborhoods Despite a lifetime of hard work, Robert and his family are in danger of losing their comfortable home in Mount Pleasant to foreclosure, after a workplace slowdown dried up his income.
    2008-02-16 09:46:37

  • Tax breaks help homeowners (Abilene Reporter-News)

    Foreclosure comes with a tax break, and 2007 mortgage insurance payments may be tax-deductible.
    2008-02-16 10:00:00

  • Foreclosures rising as share of sold homes in hard-hit cities, hurting prices (The Standard-Times)

    WASHINGTON — A growing share of home sales are from foreclosures, especially in states hit hardest by the housing bust. In some parts of California lately, nearly 50 percent of home sales come from foreclosed houses.
    2008-02-16 10:20:11

  • Web gives banks new competition

    Toronto Star - ... online lending is enjoying surging popularity at a time when the subprime mortgage ... use peer-to-peer loans for home renovations, appliances or cars, and to refinance ... Prospective clients must provide IOU Central with their bank account information and ...
    2008-02-12 03:57:00

  • Help for area home owners

    FreeportJournal Standard - ... at risk of losing their homes in the face of an ongoing U.S. sub-prime mortgage ... to a new $200 million Homeowner Assistance Pool to help those individuals refinance ... The event will provide free advice and counseling to homeowners. For more information ...
    2008-02-15 03:53:00

  • Fighting mortgage disservice

    Union Leader - I could refinance my loan, but I could still end up with the same servicer." "I wish this were just a one-bad-apple ... Mortgage servicing issues: For information about mortgage servicing, including how to file a federal complaint, visit: ftc.gov/bcp/edu ...
    2008-02-16 08:53:00

  • Fighting mortgage disservice - The Union Leader

    Fighting mortgage disserviceThe Union Leader, NH - 36 minutes agoFor information, visit hopenow.com or 995hope.org. Mortgage servicing issues: For information about mortgage servicing, including how to file a federal ...
    2008-02-16 09:10:33

  • Fighting mortgage disservice (New Hampshire Union Leader)

    As the mortgage crisis deepens, loan servicers face allegations of mismanagement and intentional over-charging.
    2008-02-16 09:16:26

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