Mortgage and Financial News From 2008-2-3

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  • Bank set to cut rates to 5.25% - This is Money

    Bank set to cut rates to 5.25%This is Money, UK - 10 minutes agoThe cut would take £32 a month off the cost of a £200000 repayment mortgage. It would trim the bill for a £200000 interest-only mortgage by £42. ...
    2008-02-03 04:17:24

  • Tax law changes may affect you (Portsmouth Herald)

    Within the past few months, Congress has quietly passed legislation that contains significant changes to federal income tax laws. Some of these changes might affect your 2007 tax return.
    2008-02-03 03:17:23

  • Can Feds save O.C. housing? (Orange County Register)

    Some leaders of Congress want to open the financial floodgates for home purchases and refinances.
    2008-02-03 03:20:01

  • Home economics: the real estate market in the US (Times Online)

    Anybody who wants to get gloomy about Britain’s housing market has only to cast an eye across the Atlantic. The US housing downturn is proving a lengthy one, and shows scant signs of ending.
    2008-02-03 03:58:16

  • Foreclosures are higher in WNY’s rural areas (The Buffalo News)

    The pain from the subprime mortgage meltdown is being felt the most in rural portions of Western New York — from Lakewood and Frewsburg to Gasport and LeRoy.
    2008-02-03 03:59:37

  • Interest rate cut triggers local refinancing (The Advocate)

    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 04:09:47

  • Bank losses are driving woes for the S&P 500

    Philadelphia Inquirer - ... quarter looked as if it would be the worst since the dot-com implosion in 2001, when a plunge in profit from technology companies caused S&P 500 earnings to tumble 24 percent year-over-year. This time, however, the collapse of the subprime-mortgage ...
    2008-02-02 11:54:00

  • Florida Eyes Countrywide's Practices

    FOX News - We've had a number of complaints about Countrywide, as well as other mortgage companies in the subprime arena," the state's Attorney General Bill McCollum said Thursday. Since the collapse of the subprime mortgage market last summer, Countrywide has ...
    2008-01-30 03:58:00

  • Employment posts first dip since 2003

    Lansing State Journal - Factories, construction companies, mortgage brokers and real-estate firms were among those eliminating jobs - casualties of the housing bust and credit crunch. The government cut jobs for the first time since last July. All those cuts swamped job gains ...
    2008-02-03 12:58:00

  • Gann sets sights on market future

    Leaf Chronicle - I just wish more homeowners would give us a call or call their mortgage companies when they are feeling pressure on making their payments. If your Realtor doesn't have an answer, they can at least help you go in the right direction. Question: What ...
    2008-02-03 02:17:00

  • Student loans feeling credit crunch, too

    St. Louis Post-Dispatch - The subprime crisis isn't just about mortgages anymore. It's also a big headache for the student loan industry. Student loan companies, like mortgage companies, were so eager to boost loan volume that they paid little attention to whether the ...
    2008-02-03 02:03:00

  • The politics of foreclosure

    Detroit News - Borrowers who knowingly bought more house than they could pay for have no place in Hillary's world. "It is indisputable that brokers and mortgage companies lured families into mortgages that were designed to end in foreclosure," she stated in a ...
    2008-02-03 03:14:00

  • Your business your news for Feb. 3 - The Desert Sun

    Your business your news for Feb. 3The Desert Sun, CA - 2 hours agoMost recently Mendez was a sales supervisor for Wells Fargo Home Mortgage. Her career includes 15 years of management experience in the home mortgage ...
    2008-02-03 01:18:45

  • Economic summit hits home - New Brunswick Home News Tribune

    Economic summit hits homeNew Brunswick Home News Tribune, NJ - 2 hours ago"Such companies paid lucrative salaries that enabled Central New Jersey residents that worked at such firms to effectively manage their mortgage payments ...
    2008-02-03 01:25:47

  • Schertzing and Bernero: Area officials battle against foreclosures - Lansing State Journal

    Schertzing and Bernero: Area officials battle against foreclosuresLansing State Journal, MI - 2 hours agoBy ERIC SCHERTZING and VIRG BERNERO The issue of mortgage foreclosure and its economic impact is garnering attention across the nation, and the city of ...
    2008-02-03 01:27:22

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