Mortgage and Financial News From 2008-2-11 Page 5

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  • Credit crunch boosts cost of redevelopment - Colorado Springs Gazette

    Credit crunch boosts cost of redevelopmentColorado Springs Gazette, CO - 1 hour agoThough the Federal Reserve has cut interest rates in recent weeks, bond buyers are jittery because of the subprime mortgage crisis, said Chuck Miller, ...
    2008-02-11 08:22:16

  • New mortgage rescue goes beyond subprime - Kansas City Star

    New mortgage rescue goes beyond subprimeKansas City Star, MO - 1 hour agoAll six are involved in Hope Now, a Bush administration organized effort to freeze rates on some high-cost subprime mortgages for five years to aid ...
    2008-02-11 08:33:41

  • Rudd gets an out on tax cuts - The Age

    Rudd gets an out on tax cutsThe Age, Australia - 1 hour agoThe full burden of higher interest rates will fall on the 8% of households already in mortgage stress. Many would be forced to put their homes on the market ...
    2008-02-11 08:47:44

  • Scrutiny Tightens for Title Insurers - Wall Street Journal

    Scrutiny Tightens for Title InsurersWall Street Journal - 1 hour ago"The system is unfair for home buyers," he said. "Every time I bought a property, it was the same companies with the same rates. ...
    2008-02-11 09:03:20

  • Spanish economy dominates election - World Socialist Web Site

    Spanish economy dominates electionWorld Socialist Web Site, MI - 1 hour agoRecent figures note that millions of Spaniards with a mortgage are now paying 55 percent of their wage on principal or secondary home repayments, ...
    2008-02-11 09:14:18

  • CBA expected to post $2.5b growth in first-half cash earnings - NEWS.com.au

    CBA expected to post $2.5b growth in first-half cash earningsNEWS.com.au, Australia - 23 minutes agoWhile a more subdued but still material lift in profit may please shareholders, it will no doubt aggravate the bank's variable rate home loan customers who ...
    2008-02-11 09:55:06

  • Housing affordability hit record low in 2007: HIA - ABC Online

    Housing affordability hit record low in 2007: HIAABC Online, Australia - 4 minutes agoA new report shows first home buyers are spending an unprecedented proportion of their disposable income on mortgage repayments. ...
    2008-02-11 10:14:25

  • Business Briefs (The Post and Courier)

    NEW YORK — Wall Street finished higher in an uneasy session Monday as retail and home-building stocks rose on expectations of more interest rate cuts, but banks and insurers fell on worries about further mortgage debt troubles.
    2008-02-11 10:08:06

  • Poll Shows Most People Think US in Recession (The Memphis Daily News)

    WASHINGTON (AP) - Empty homes and for-sale signs clutter neighborhoods. You've lost your job or know someone who has. Your paycheck and nest egg ar....
    2008-02-11 10:08:33

  • Henry Hutton LLC Closes On I-55/Shelby Drive Land (The Memphis Daily News)

         Henry Hutton LLC has bought 35.3 acres in Southbrook Office Park from Southland Development Partners of Memphis for $1.9....
    2008-02-11 10:09:33

  • Housing affordability hit record low in 2007: HIA (Australian Broadcasting Corporation)

    A new report shows first home buyers are spending an unprecedented proportion of their disposable income on mortgage repayments.
    2008-02-11 10:13:32

  • Home builders seek survival tips at somber annual conference (MENAFN)

    Home builders seek survival tips at somber annual conference
    2008-02-11 10:14:13

  • Banking Dept. offering free mortgage assistance

    Union Leader - ... will have their adjustable rate mortgages adjusted higher, and "it's critical that residents review their documents and explore their options before these loans adjust." The banking department said its staff members will review the mortgage loan ...
    2008-02-11 08:59:00

  • US leveraged loans may add to bank, economic woes

    Reuters - Banks -- already reeling from exposures to risky residential mortgage-backed debt -- are facing new losses as loans plunge in value, largely because of structured deals hitting triggers requiring their liquidation. Loans came under severe pressure ...
    2008-02-11 03:01:00

  • Stimulus bill raises mortgage limits

    AZCentral.com - Still, the impact of the changes may take several months to be felt in the market, said Doug Duncan, chief economist at the Mortgage Bankers Association. Investors are working out whether loans above $417,000 will be packaged together as securities ...
    2008-02-11 08:01:00

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