Mortgage and Financial News From 2008-3-17 Page 17

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  • The worst-case scenario - live (Asia Times)

    This week offered further disconcerting confirmation that the 20-Year Experiment in "Wall Street finance" is failing miserably.
    2008-03-17 03:47:10

  • Mortgage brokers 'act fast' tip (BBC News)

    People who decide on a new mortgage should act quickly in the fast-changing market, brokers say.
    2008-03-17 04:22:34

  • Debits and Credits: Failing on Bear (Columbia Journalism Review)

    Except Morgenson; A bad blog; Good Spitzer reporting, etc. A Debit to the financial press ( The New York Times ’ s Gretchen Morgenson is a big exception; see below) for not holding Bear Stearns and its CEO Alan Schwartz to account for dissembling all week to investors that the company was just fine.
    2008-03-17 05:03:33

  • HBOS shares lead banks lower as panic rules (Daily Telegraph)

    Shares in British banks have collapsed in the wake of the Bear Stearns crisis amid mounting fears that their funding requirements leave few safe from the turmoil of the credit crunch.
    2008-03-17 05:25:45

  • Sellers hope spring fever spreads to real estate market

    Minnesota Public Radio - The dropping values are also bad news for those with adjustable rate mortgages who are hoping not for a new home, but to refinance. "They go back to their bank, the same lender they got the loan from, and the lender says, 'We can't -- well, you don ...
    2008-03-13 05:54:00

  • FHA to lower lifeboats to drowning borrowers

    San Diego Union-Tribune - Recent, widespread loan failures have made credit so tight that many distressed borrowers are unable to refinance their loans. ... Once widely used, Federal Housing Administration-insured home loans have been squeezed out of costly real estate markets ...
    2008-03-15 04:23:00

  • Wobbly US economy threat to Republicans  

    Business Day South Africa - ... under which the Federal Housing Administration could play a larger role in helping to stem the rising tide of home fore ... the Federal Housing Administration and allow state housing agencies to issue tax-free bonds to help homeowners refinance their ...
    2008-03-17 01:36:00

  • No help for owners in peril

    Cincinnati Enquirer - His home has lost so much value that he now owes up to $30,000 more than his house is worth - making it impossible to refinance. Armstrong is among thousands of area homeowners facing foreclosure amid a growing realization:
    2008-03-16 02:13:00

  • Md. home prices dip in 4Q

    Baltimore Sun - Maryland home sale prices fell at the end of the year, the first dip into negative territory since 1995, according to new ... For metro areas, the agency combines sales and refinance transactions. That measure showed prices in the Baltimore metro area ...
    2008-03-15 09:34:00

  • Milwaukee only ray of data light

    Chicago Tribune - Its study of purchase-only transactions in 2007 (excluding refinance data) showed home prices declining about 1 percent for the year. However, its data for the last months of 2007 suggest the slide is gaining momentum:
    2008-03-16 03:25:00

  • Unemployed Mortgage Professionals

    Colleyville Courier - 150,000 Loan for $391/month - Refinance, Home Equity and Purchase. Historic Low Rates From Top Lenders - No Obligation, No SSN Required & Bad Credit OK.
    2008-03-16 09:11:00

  • The PMI Group, Inc. Reports Fourth Quarter and Year End 2007 Financial ...

    MSN MoneyCentral - Risks and uncertainties that could affect the Company are discussed in our Form 10-K for the year ended December 31, 2007 and include changes in economic conditions such as interest rates, home values, employment rates and refinance activity.
    2008-03-17 03:02:00

  • How bad is the mortgage crisis going to get?

    CNN Money - If home prices are rising, or if there's positive equity, you can refinance or sell. But if you have negative equity, you can end up being foreclosed on, and then some people will just find it to their advantage to walk away.
    2008-03-17 03:09:00

  • SURVIVING THE SLUMP

    New York Post - The slumping housing market means you can pick up a vacation house for less, build your dream home on the cheap and still take advantage of near historical low rates to refinance your first home.
    2008-03-17 01:00:00

  • Bush Says U.S. Mustn't Overreact to Home-Mortgage `Rough Patch'

    Bloomberg - In his radio address today, Bush said the administration is pushing industry-led programs where lenders and service providers work with qualified borrowers to refinance home loans when they can't make their monthly mortgage payments.
    2008-03-15 11:04:00

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