Mortgage and Financial News From 2008-2-3 Page 31

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• How one family got out of debt and bought a house - Gloucester Daily Times

  How one family got out of debt and bought a houseGloucester Daily Times,  USA - 3 hours agoLongtime apartment complex managers, the couple never held a mortgage. As the card limit rose each year — $1500 to $2500, to $3500 and so on — they kept ...
  2008-02-03 05:34:38

• Repossessions rise by 60% but Wayne Swan feels our pain - Daily Telegraph

  Repossessions rise by 60% but Wayne Swan feels our painDaily Telegraph, Australia - 2 hours agoTomorrow's predicted rate rise comes as research shows mortgage stress has spread to affluent parts of Sydney, including the North Shore and Eastern Suburbs ...
  2008-02-03 06:05:07

• Nigerian market still strong in spite of lull in US economy - Business Day

  Nigerian market still strong in spite of lull in US economyBusiness Day, Nigeria - 1 hour agoAnalysts from various quarters have expressed diverse opinions about the possible effect as a fall out of the recent sub-prime mortgage problem in the US ...
  2008-02-03 06:47:47

• Fla. home sellers hope tax, rate cuts spark housing rebound - MiamiHerald.com

  Fla. home sellers hope tax, rate cuts spark housing reboundMiamiHerald.com, FL - 1 hour agoHe was recently approved for a 30-year, 5 percent fixed mortgage, and plans to buy his first home in Lutz, a mostly rural community north of Tampa. ...
  2008-02-03 07:16:31

• OUTLOOK Highlights of economic indicators to be released in the ... - Forbes

  OUTLOOK Highlights of economic indicators to be released in the ...Forbes, NY - 28 minutes ago'We believe buyers are holding back due to sharply falling home prices and expectations of a further decline in mortgage rates,' said economists from Lehman ...
  2008-02-03 08:18:11

• How one family got out of debt and bought a house (Eagle-Tribune Online)

  By H.J. Cummings Minneapolis-St. Paul Star Tribune HUTCHINSON, Minn. — This year the holidays were particularly joyous for John and Sheryl Martin. Chili and videos on Christmas, and board games on New Year's Eve with their two sons, David, 21, and Mike, 20. All in their first house.
  2008-02-03 06:52:51

• In the news: Gregg Lisciotti, first in a new monthly series (Sentinel & Enterprise)

  Beginning today and running once a month, I will feature an interview with an area newsmaker as part of my weekly column.
  2008-02-03 07:29:36

• Sell or rent in a slow market? (Bankrate.com)

  Dear Steve, My husband is taking a four-year job in the military and we must move by this August. If we sell now, we may not break even in this housing environment. And if we rent the home out for those four years, we'd be losing over $400 a month to cover mortgage costs.
  2008-02-03 07:38:04

• (AFX UK Focus) 2008-02-03 16:03 GMT: OUTLOOK Highlights of economic indicators to be released in the coming week (Interactive Investor)

  WASHINGTON (Thomson Financial) - The following is a synopsis of US economic indicators to be released in the coming week.
  2008-02-03 08:31:57

• Fla Home Sellers Hope Tax, Rate Cuts Spark Housing Rebound (The Tampa Tribune)

  TAMPA - Martha Rodriguez's four-bedroom, 1,500 square foot house has plenty of space, but lately it's left her feeling a bit trapped.
  2008-02-03 08:43:16

• Small things add up

  News.com.au - Most of us think our money goes on the big items: mortgage repayments, car loans and groceries. Yet it's also true that most of us spend thousands of dollars on things that have little to no value, and have zero effect on our long-term happiness ...
  2008-02-03 05:59:00

• Stem cell institute wants to make loans

  San Diego Union-Tribune - One possible model for underwriting the loans could be the the affordable housing area, Klein said. The Federal National Mortgage Association has delegated underwriters that it approves, said Klein, who wrote California's legislation that created the ...
  2008-02-03 02:24:00

• Lenders Who Sold and Left

  New York Times - Winners, including the thousands of mortgage brokers who banked big bucks steering customers into subprime loans and the hundreds of mortgage traders and bankers at investment firms, should not be allowed to slink offstage without some recognition. ...
  2008-02-03 07:32:00

• Families brace for rate rise and a year of mortgage stress

  News.com.au - Research by JP Morgan and Fujitsu Consulting shows 750,000 homeowners will suffer mortgage stress during 2008. Up to 300,000 of those may default on their home loans and risk having their homes repossessed. Prime Minister Kevin Rudd said today he was ...
  2008-02-03 08:08:00

• How to rescue the UK mortgage market

  BBC Business - David Miles, chief economist at Morgan Stanley and a Treasury advisor on the mortgage market, says that UK banks need to refinance £250bn worth of mortgage loans that have been financed in wholesale money markets. He argues that if markets remain ...
  2008-02-03 07:25:00

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