Mortgage and Financial News From 2008-1-26 Page 9

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  • Centro set to open data room this week (AAP via Yahoo!7 News)

    Troubled shopping centre operator Centro Properties will open up its books on Tuesday to parties interested in buying its assets.
    2008-01-26 05:26:11

  • Centro set to open data room this week (The West Australian)

    Troubled shopping centre operator Centro Properties Group will open up its books on Tuesday to parties interested in buying its assets. Centro, which has been struggling to refinance $3.9 billion of maturing debt before a February 15 deadline, has ruled out a fire sales of its assets.
    2008-01-26 05:37:36

  • Pact on emergency economy rescue nears as lawmakers, White House negotiate (The Ledger Independent)

    WASHINGTON -- Pushing deficit concerns aside, Democratic and Republican leaders moved closer to agreement with the White House Wednesday night on emergency tax cuts and benefit increases to jolt the economy out of its slump, including opening new financing windows for some home loans.
    2008-01-26 07:24:26

  • Borrowing From Peers (WallStreet Journal via Yahoo! Finance)

    Consumers who are struggling to pay off credit-card debt might find lower interest rates through peer-to-peer lending Web sites. This process removes the traditional bank, which reduces overhead and could translate to a better rate.
    2008-01-26 07:46:29

  • Many Metro Homeowners Try to Cope Amid Mortgage Crisis (FOX 5 News Atlanta)

    ATLANTA (FOX 5) – Thousands of homeowners in Metro Atlanta are trying to stay afloat amid a crippling mortgage crisis. Many homeowners are facing the imminent threat of foreclosure and housing analysts said Georgia rates of foreclosure are among the top five states in the nation.
    2008-01-26 08:23:30

  • Economic teeter-totter?

    Argus Observer Online - The market is going through a correction that is fed by fear of mortgage rates ... could get people to start buying homes or put them in a position to refinance ... are accountable for the opinions they express and the accuracy of the information ...
    2008-01-25 10:42:00

  • Will Senate Leaders Tweak Stimulus Plan?

    AOL - ... Administration loans from $362,790 to as high as $729,750 in expensive areas, allowing more subprime mortgage holders to refinance ... The information contained in the AP news report may not be published, broadcast, rewritten or otherwise distributed ...
    2008-01-25 03:21:00

  • Information about the $600 rebates

    Des Moines Register - Information about the $600 rebates REGISTER STAFF AND THE ASSOCIATED PRESS • January 25, 2008 ... Administration loans from $362,000 to as high as $729,750 in expensive areas, allowing more subprime mortgage holders to refinance ...
    2008-01-25 01:59:00

  • Economic stimulus: Mortgage change could help Californians buy ... - Trading Markets (press release)

    Economic stimulus: Mortgage change could help Californians buy ...Trading Markets (press release), CA - 8 hours agoHomeowners with non-conforming, or jumbo, loans also could benefit because they could refinance into a new Q Why is this proposal important to California? ...
    2008-01-26 11:23:17

  • No spike in foreclosures in Tri-County Area (The Courier Express)

    Despite a national trend in rising home foreclosures, the Tri-County Area appears to be holding its own. Foreclosures for the last three years in Clearfield County show a relatively stable environment, with 2005 having 187 foreclosures; 2006 having 210 foreclosures; and 2007 having 180 foreclosures.
    2008-01-26 06:22:02

  • Size matters for future of Rock

    Guardian Unlimited - And, while the Bank of England is currently underwriting Northern Rock's savings accounts, that has so far done little to tempt back savers, despite a rise in interest rates. The Council of Mortgage Lenders is already in talks with the Treasury and ...
    2008-01-26 03:34:00

  • What the turmoil will mean for mortgages

    Times Online - First Direct has a two-year offset mortgage that is fixed at 4.75% – 0.75 points below Bank rate. Interest rates would therefore need to fall three times for the rate on Cooperative’s tracker to be at the same level. Only a minority of economists ...
    2008-01-26 06:33:00

  • Mortgage rates lowest in nearly 4 years

    MSNBC - WASHINGTON - Rates on 30-year mortgages dropped for a fourth straight week to the lowest level in nearly four years, raising hopes that low rates will help spur a rebound in the hard-hit housing industry. Freddie Mac, the mortgage company, reported ...
    2008-01-23 03:59:00

  • What Is Fixed Rate Mortgage And Variable Rate Mortgage - Best Syndication

    What Is Fixed Rate Mortgage And Variable Rate MortgageBest Syndication, CA - 3 hours agoFixed rate mortgage, as the name suggests, carries a fixed interest for a certain period of time. That period is called as mortgage term. ...
    2008-01-26 04:08:22

  • Terry Murden: Bernanke running out of options as talk of more ... - Scotsman

    Terry Murden: Bernanke running out of options as talk of more ...Scotsman, United Kingdom - 3 hours agoYesterday it emerged that even the oil-rich Middle Eastern banks may be about to announce losses due to their exposure to the US sub-prime mortgage market. ...
    2008-01-26 04:09:05

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