Mortgage and Financial News From 2008-2-3 Page 37

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• Real value of DA's suit vs. Palco yet to come?

  Eureka Times-Standard - After all, the Headwaters Deal secured for Hurwitz a billion-dollar refinance that our watersheds could not afford, with bankruptcy of that venerable “engine” -- and our watersheds -- as the predicted results. Does anyone doubt Pacific Lumber ...
  2008-02-03 01:34:00

• House prices slow with consumer confidence

  MyFinances.co.uk - Additionally, a report by PWC has said that thousands of people will come off their fixed rate deals in 2008 and unless they refinance they will be hit by extra monthly costs of some £140. It is possible for consumers to refinance, but with mortgage ...
  2008-02-03 04:19:00

• Options on table for those at risk

  Fort Wayne Journal Gazette - Some Federal Housing Administration loans have special forbearance provisions. Refinance : If you are more than three payments behind or have significantly troubled credit, this will usually not be an option. But if you are facing a resetting ...
  2008-02-03 02:53:00

• Foreclosures are higher in WNY’s rural areas

  Buffalo News - In all, the number of foreclosures nationwide soared by 75 percent last year as mortgages became more difficult to refinance as housing prices slipped. More than 1 percent of all U.S. households were in some stage of foreclosure during 2007, up from ...
  2008-02-03 03:50:00

• Smith's bill to assist in refinancing gains steam - The Oregonian - OregonLive.com

  Smith's bill to assist in refinancing gains steamThe Oregonian - OregonLive.com, OR - 5 hours agoGordon Smith, R-Ore., wants to make it easier for homeowners to refinance their subprime mortgages and avoid foreclosures. Smith, along with Sen. ...
  2008-02-03 12:13:41

• ''We're all holding on by our fingernails.'' RITCH WORKMAN ... - Allentown Morning Call

  ''We're all holding on by our fingernails.'' RITCH WORKMAN ...Allentown Morning Call, PA - 5 hours ago''The broker's job [was] to find warm bodies who are interested in trying to buy or refinance a home.'' Yet consumer groups and some state officials insist ...
  2008-02-03 12:16:28

• As bad as it is today, it was much worse in the '30s - Sarasota Herald-Tribune

  As bad as it is today, it was much worse in the '30sSarasota Herald-Tribune, FL - 4 hours agoBut during its life, the Home Owners' Loan Corp. made more than a million loans to refinance troubled mortgages, according to Pollock. ...
  2008-02-03 01:42:33

• Learn basics before going house-hunting - Contra Costa Times

  Learn basics before going house-huntingContra Costa Times, CA - 2 hours agoThose who chose the opposite in the past several years are largely the homeowners now scrambling to refinance, sell or stave off foreclosure in this slow ...
  2008-02-03 03:09:22

• Caller: Stop griping about meter fees - Port Huron Times Herald

  Caller: Stop griping about meter feesPort Huron Times Herald, MI - 2 hours agoGranholm asked the Legislature to approve the Save the Dream package that would help homeowners refinance their mortgages at lower interest rates and keep ...
  2008-02-03 03:44:08

• Low rates make this prime home-buying time - The Coloradoan

  Low rates make this prime home-buying timeThe Coloradoan, CO - 1 hour agoRegardless of what the home has appraised for in the past, lenders will require a certain equity position in the home today before they refinance. ...
  2008-02-03 04:06:35

• Interest rate cut triggers local refinancing - Lancaster Eagle Gazette

  Interest rate cut triggers local refinancingLancaster Eagle Gazette, OH - 49 minutes ago"When rates do start falling rapidly, people will refinance, sometimes as much as three times in a year," Compton said. "If people think we're in a falling ...
  2008-02-03 05:10:52

• Low rates make this prime home-buying time (The Fort Collins Coloradoan)

  The current low interest rates provide an excellent opportunity for home buyers to take advantage of the current home values.
  2008-02-03 04:19:22

• Reserve cut may save you money (Cape Cod Times)

  With a key interest rate at its lowest since 2005, it's time to check everything from credit cards to car loans to see if interest could be lower ...
  2008-02-03 04:45:23

• Interest rate cut triggers local refinancing (CentralOhio.com)

  NEWARK -- Local homeowners, excited about the Federal Reserve's two recent interest rate cuts, flocked to their banks in recent weeks to pursue refinancing of their mortgage loans.
  2008-02-03 05:12:18

• On the home front

  Fort Wayne Journal Gazette - She says she informed her mortgage lender that she couldn’t pay for a while, but ... He also gives them information on how to cut phone and utility expenses, take ... An immediate refinance is unlikely because the loan went to foreclosure, Davis says ...
  2008-02-03 02:53:00

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